January 20, 2026
RA Jainee
Groww Nifty PSE ETF FoF – Direct | Growth
📌 Fund Snapshot & Key Details (Master Table)
| Particulars | Details |
|---|---|
| Fund House | Groww Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Thematic – PSU |
| Benchmark | NIFTY PSE TRI |
| NFO Opens | 23 January 2026 |
| NFO Closes | 06 February 2026 |
| Plan / Option | Growth, IDCW |
| Minimum Investment (Rs.) | 500 |
| Exit Load | 0 |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | KFin Technologies Ltd. |
⚖️ Sahifund NFO Review
Groww Nifty PSE ETF FoF – Direct | Growth
PLUS
• Simple Fund-of-Fund route to PSU exposure without demat/ETF trading hassle
• Tracks NIFTY PSE TRI via underlying Groww Nifty PSE ETF
• Attractive valuations (P/E ~11) with high dividend yield (~3%+)
• Zero exit load improves tactical flexibility
• Suitable for SIP and long-term thematic allocation
MINUS
• Double expense layer versus direct ETF investment
• Highly cyclical and policy-dependent PSU theme
• Concentrated universe (20 stocks) increases volatility
• Performance entirely index-driven; no downside protection
• Not suitable as a core equity allocation
Sahifund View (Decisive Line)
A convenient but costlier route to PSU exposure, best used tactically or as a satellite allocation by valuation-focused investors.
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⏱️ Last Updated: 27 January 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
The NIFTY PSE TRI represents 20 listed public sector enterprises with at least 51% government ownership, selected on a periodic capped free-float market-cap basis. The index has delivered strong long-term returns (5Y TRI ~32%), but with high volatility and uneven cycles.
Low P/E, reasonable P/B, and superior dividend yield provide downside comfort over long periods, while short-term returns remain sensitive to policy decisions, commodity prices, and PSU capex cycles.
Sahifund Insight:
The benchmark rewards patience during PSU downcycles; returns tend to be sharp but irregular.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Aakash Ashokkumar Chauhan
Experience across ETFs and capital markets operations. In a FoF structure, the primary responsibility is efficient allocation and tracking, not stock selection.
Nikhil Satam
Past performance in thematic ETF/FoF strategies indicates tracking gaps versus benchmark, underscoring the importance of execution quality.
Shashi Kumar
Adds operational and compliance strength from insurance and AMC roles.
Sahifund Assessment:
For this FoF, investor outcomes will depend far more on PSU cycle timing and expense efficiency than individual fund-manager skill.
🎯 Suitable for Which Investors?
Suitable if you:
• Believe in PSU value re-rating and dividend yield theme
• Prefer mutual fund route over direct ETF investing
• Have a 5+ year horizon or deploy tactically
• Can tolerate volatility and sector concentration
Avoid if you:
• Want the lowest-cost PSU exposure (ETF preferred)
• Prefer stable or predictable returns
• Already have significant PSU exposure
• Are conservative or short-term investors
❓ Should You Invest in This NFO?
Yes, selectively.
This NFO works as a convenience-driven PSU allocation for investors unwilling to manage ETFs directly. Cost-conscious investors may prefer the direct ETF instead.
Final Word:
A PSU cycle play with ease of access — rewarding in upcycles, punishing without patience.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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