Groww Nifty PSU Bank Index Fund Direct-Growth NFO

March 6, 2026

RA Jainee

Groww Nifty PSU Bank Index Fund — Direct | Growth

📌 Fund Snapshot & Key Details (Master Table)

Particulars	Details
Fund House	Groww Mutual Fund
Scheme Type	Open-ended
Category	Equity: Sectoral-Banking
Benchmark	NIFTY PSU Bank TRI
NFO Opens	06 March 2026
NFO Closes	20 March 2026
Plan / Option	Growth, IDCW
Minimum Investment (Rs.)	500
Exit Load	0
Lock-in Period	NA
Riskometer	Very High
Registrar	KFin Technologies Ltd.

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⏱️ Last Updated: 06 March 2026, 10.00 AM

📊 Benchmark Trend & Behaviour – NIFTY PSU Bank TRI

The Nifty PSU Bank Index captures the performance of the PSU Banks. All Public Sector Banks that are traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the index subject to fulfilment of other inclusion criteria namely listing history and trading frequency.

Nifty PSU Bank 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 PSU Bank 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 PSU Bank Total Returns Index.

Benchmark Performance Snapshot

Index Returns (%) #	QTD	YTD	1 Year	5 Years	Since Inception
Price Return	15.09	15.09	73.75	32.64	10.85
Total Return	15.15	15.15	75.00	33.92	12.41

Statistics ##	1 Year	5 Years	Since Inception
Std. Deviation *	21.10	28.01	34.32
Beta (NIFTY 50)	1.00	1.32	1.16
Correlation (NIFTY 50)	0.57	0.64	0.72

Fundamentals

P/E	P/B	Dividend Yield
9.74	1.61	1.95

Benchmark Portfolio Characteristics

Methodology	Periodic Capped Free Float
No. of Constituents	12
Launch Date	August 30, 2007
Base Date	January 01, 2004
Base Value	1000
Calculation Frequency	Real-Time
Index Rebalancing	Semi-Annually

Sahifund Insight:
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🧠 Investment Strategy – Explained Simply

The scheme seeks to generate long-term capital growth by investing in securities of the Nifty PSU Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty PSU Bank Index, subject to tracking errors.

👤 Fund Manager & Past Performance – Groww Nifty PSU Bank Index Fund Direct-Growth

Fund Manager

Aakash Ashokkumar Chauhan
• 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
• 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
• BBA, PGDBM
• Prior to joining Groww MF, he was associated with Bharti Axa Life Co. Ltd. & Canara HSBC Life Insurance Co. Ltd.

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⚠️ Disclaimer

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.

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