January 20, 2026
RA Jainee
Groww Nifty PSE ETF | 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 | 22 January 2026 |
| NFO Closes | 05 February 2026 |
| Plan / Option | Growth |
| 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 | Growth
PLUS
• Low-cost passive exposure to PSU leaders via NIFTY PSE TRI
• Attractive valuations (P/E ~11.2) with high dividend yield (~3.2%)
• Diversified across energy, banking, metals, defence and utilities
• Zero exit load improves tactical flexibility
• Suitable for investors seeking mean reversion + income from PSUs
MINUS
• Highly cyclical and policy-driven sector exposure
• Concentrated basket (20 stocks) increases volatility
• PSU performance linked to government decisions and commodity cycles
• Sharp drawdowns possible during market risk-off phases
• Not a substitute for diversified equity allocation
Sahifund View (Decisive Line)
A valuation-led PSU exposure best suited as a tactical or satellite allocation for investors comfortable with cyclicality and policy risk.
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⏱️ Last Updated: 27 January 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
The NIFTY PSE TRI tracks 20 public sector enterprises where government ownership is at least 51%, using a periodic capped free-float methodology. Historically, the index has delivered strong long-term returns (5Y TRI ~32.4%) but with elevated volatility and uneven cycles.
Low valuations and high dividends support downside over long periods, but short-term performance remains sensitive to commodity prices, fiscal policy, and capex cycles.
Sahifund Insight:
This benchmark rewards patience during PSU downcycles; returns tend to be lumpy rather than linear.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Aakash Ashokkumar Chauhan
Brings ETF and index execution experience across Trust MF and capital markets roles. For a passive ETF, tracking efficiency is the key deliverable rather than alpha.
Nikhil Satam
Past ETF performance in thematic EV exposure shows meaningful tracking gap vs benchmark, highlighting the importance of execution and tracking error control.
Shashi Kumar
Background across insurance and AMC operations adds to process and compliance strength.
Sahifund Assessment:
For this ETF, outcomes will be driven far more by index behaviour and tracking error than individual fund manager skill.
🎯 Suitable for Which Investors?
Suitable if you:
• Believe in PSU value re-rating and dividend yield theme
• Have a 5+ year horizon or are deploying tactically
• Want satellite exposure alongside diversified equity funds
• Can tolerate volatility and sector concentration
Avoid if you:
• Prefer steady, predictable returns
• Are uncomfortable with government and policy risk
• Already have high PSU exposure
• Are short-term or conservative investors
❓ Should You Invest in This NFO?
Yes, selectively.
This NFO fits well as a satellite or tactical ETF allocation for valuation-conscious investors. It should not be a core equity holding, but can enhance returns when PSU cycles turn favourable.
Final Word:
A low-cost way to play PSU value — rewarding in cycles, punishing without patience.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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