March 29, 2025
mayank
Groww Nifty 500 Momentum 50 ETF FoF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Groww Nifty 500 Momentum 50 ETF FoF Open Date, Close Date?
NFO opens on April 03, 2025
NFO will close on April 17, 2025
Investment Strategy for this NFO?
The scheme seeks to generate long-term capital growth by investing in units of the Groww Nifty 500 Momentum 50 ETF.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 03 April 2025 |
| Issue Close | 17 April 2025 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
| Riskometer | Very High |
| Benchmark | Nifty 500 Momentum 50 TRI |
About Benchmark Index for this NFO?
The Nifty500 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. The Normalized Momentum Score for each company is determined based on its 6-month and 12- month price return, adjusted for volatility. Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization.
Nifty500 Momentum 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty500 Momentum 50 Total Returns Index.
Portfolio Characteristics
| Methodology | Tilt Weighted |
| No. of Constituents | 50 |
| Launch Date | June 04, 2024 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | Semi-Annually |
Fund Managers of Groww Nifty 500 Momentum 50 ETF FoF
1) Nikhil Satam
Education: B. com, Masters in Finance.
Experience: Prior to joining Groww MF he was associated with Groww Invest Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd).
AMC
Groww Asset Management Limited
Address: 505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel, Maharashtra Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Groww Nifty 500 Momentum 50 ETF FoF @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty 500 Momentum 50 TRI
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -16.59 | -16.59 | -4.57 | 31.40 | 21.32 |
| Total Return | -16.52 | -16.52 | -4.02 | 32.30 | 22.46 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 25.54 | 21.01 | 22.65 |
| Beta (NIFTY 50) | 1.41 | 0.97 | 0.89 |
| Correlation (NIFTY 50) | 0.78 | 0.74 | 0.83 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 45.93 | 7.65 | 0.61 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Divi’s Laboratories Ltd | 5.79 |
| Mahindra & Mahindra Ltd. | 5.29 |
| Indian Hotels Co. Ltd. | 5.17 |
| Persistent Systems Ltd. | 5.09 |
| Tech Mahindra Ltd. | 4.93 |
| Trent Ltd. | 4.45 |
| BSE Ltd. | 4.37 |
| Zomato Ltd | 4.36 |
| Dixon Technologies (India) Ltd. | 4.31 |
| Coforge Ltd. | 4.18 |
Note on Benchmark Performance:
X
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Nikhil Satam
| Fund | Groww Nifty EV & New Age Automotive ETF | It’s Benchmark | Groww Nifty EV & New Age Automotive ETF FoF | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 29-03-2025
Note on Fund Managers’ performance
X
[ C ] Our NFO Review
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Is it good to invest in Groww Nifty 500 Momentum 50 ETF FoF NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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