Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth

Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 29-10-2024

₹ 9.59

-0.2%

1D

Inception Returns

-3.2%

/yr

About Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth

Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is an equity fund. This fund was started on 12 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has ₹98 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has given a CAGR return of -3.20% since inception.

Holdings

Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Industrial, Basic Materials, Energy. Its top holdings are Groww Nifty EV & New Age Automotive ETF

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth

The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
9258 people have invested ₹ 4.5Cr in Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth in the last three months

Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth Overview

Expense ratio0.19%
Benchmark
Nifty EV & New Age Automotive
AUM₹98 Cr
Inception Date12 August, 2024
Min Lumpsum/SIP₹500/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Oct-24)

Period
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
Nifty 500
equity - other
1M
-11.4%
-6.9%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 100%

Large cap
49.5%

Mid cap
41.6%

Small cap
10%

Sector Allocation

Sep'24

Aug'24

Jul'24

Consumer Cyclical
64%
Tech
14.6%
Industrial
9.3%
Basic Materials
8.2%
Energy
4%
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Fund House
Groww Asset Management Ltd.
Total Schemes
Total AUM
₹1.86K Cr
as on 30-Sep-2024
Address
Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra
Phone
8050180222
Website
support@growwmf.in

Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 101.14% in Equity, 0% in Debt and -1.14% in Cash related instruments
AUM size ₹98 Cr

AUM size ₹98 Cr

This fund has AUM of ₹98 Cr which is less than its category average of ₹ 2459 Cr
Expense Ratio 0.19%

Expense Ratio 0.19%

This fund has an expense ratio of 0.19% which is less than its category average expense ratio of 1.25%

Frequently Asked Questions for Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth

The current NAV of Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is ₹9.59 as on 29-Oct-2024.
Existing (Absolute + CAGR) as on 29-Oct-2024.
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-11.41%
-11.41%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.19% as on September 2024
₹98 Cr as on September 2024
Consumer Cyclical(64.73%), Tech(14.75%), Industrial(9.36%) as on September 2024
The alpha ratio for the Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
-
-
-
As on September 2024
The alpha for Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is calculated against Nifty EV & New Age Automotive. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
-
-
-
As on September 2024
The Beta for Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is calculated with Nifty EV & New Age Automotive. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
-
-
-
As on September 2024
The sharpe ratio for Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is calculated with Nifty EV & New Age Automotive. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
-
-
-
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is 1%