November 26, 2025
RA Jainee
Groww Nifty Metal ETF-Growth
Groww Nifty Metal ETF-Growth snapshot
| NFO opens on | 03 December 2025 |
| NFO Closes on | 17 December 2025 |
| Min. Investment | Rs. 500 |
| Plans | Growth |
| Sahifund Verdict | X |
⏱️ Last Update: 26 November 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Groww Nifty Metal ETF-Growth Open Date, Close Date?
NFO opens on December 03, 2025
NFO will close on December 17, 2025
Investment Strategy for this NFO?
The scheme seeks to generate long-term capital growth by investing in securities of the Nifty Metal Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Metal Index, subject to tracking errors.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 03 December 2025 |
| Issue Close | 17 December 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(₹) | 500 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | |
| Riskometer | Very High |
| Benchmark | NIFTY Metal TRI |
About Benchmark Index for this NFO?
The Nifty Metal Index is designed to reflect the behaviour and performance of the Metals sector (including mining). The Nifty Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE).
Nifty Metal Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Metal Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Metal Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 15 |
| Launch Date | July 12, 2011 |
| Base Date | January 01, 2004 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Groww Nifty Metal ETF-Growth
1) Aakash Ashokkumar Chauhan
Education: MBA in Finance
Experience: Prior to Joining Groww AMC, he was associated with Trust Mutual Fund, Mirae Asset Capital Markets (India) Pvt Ltd. & BP Wealth Pvt Ltd.
2) 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).
3) Shashi Kumar
Education: BBA, PGDBM
Experience: Prior to joining Groww MF, he was associated with Bharti Axa Life Co. Ltd. & Canara HSBC Life Insurance Co. 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 Metal ETF-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY Metal TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.72 | 22.69 | 13.78 | 35.26 | 11.42 |
| Total Return | 5.72 | 23.38 | 14.76 | 37.12 | 13.54 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 22.97 | 27.35 | 33.72 |
| Beta (NIFTY 50) | 1.33 | 1.31 | 1.24 |
| Correlation (NIFTY 50) | 0.74 | 0.68 | 0.78 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 20.03 | 2.77 | 1.64 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Tata Steel Ltd. | 19.88 |
| Hindalco Industries Ltd. | 16.15 |
| JSW Steel Ltd. | 14.86 |
| Vedanta Ltd. | 11.01 |
| Adani Enterprises Ltd. | 8.50 |
| Jindal Steel Ltd. | 5.24 |
| APL Apollo Tubes Ltd. | 4.27 |
| NMDC Ltd. | 3.44 |
| Jindal Stainless Ltd. | 3.18 |
| National Aluminium Co. Ltd. | 2.76 |
Past Performance of Aakash Ashokkumar Chauhan
| Fund | Groww Nifty 200 ETF FoF | It’s Benchmark | Groww Nifty 500 Momentum 50 ETF | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 26-11-2025
Past Performance of Nikhil Satam
| Fund | Groww Nifty India Defence ETF | It’s Benchmark | Groww Nifty India Railways PSU ETF | It’s Benchmark |
| 1 Year | 26.53 | 5.63 | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 26-11-2025
Past Performance of Shashi Kumar
| Fund | Groww Nifty 200 ETF | It’s Benchmark | Groww Nifty EV & New Age Automotive ETF FoF | It’s Benchmark |
| 1 Year | — | — | 0.07 | 15.14 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 26-11-2025
[B] Review of Fund Managers
Aakash Ashokkumar Chauhan
-
Background: MBA in Finance, Prior to Joining Groww AMC, he was associated with Trust Mutual Fund, Mirae Asset Capital Markets (India) Pvt Ltd. & BP Wealth Pvt Ltd.
Nikhil Satam
-
Background: B. com, Masters in Finance, Prior to joining Groww MF he was associated with Groww Invest Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd).
Shashi Kumar
-
Background: BBA, PGDBM, Prior to joining Groww MF, he was associated with Bharti Axa Life Co. Ltd. & Canara HSBC Life Insurance Co. Ltd.
Sahifund Verdict
X
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Groww Nifty Metal Exchange Traded Fund-Growth NFO?
Invest Online OR https://groww.in/mutual-funds/filter
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