Groww Mutual Fund Launches Nifty PSE ETF: Key Features and Investment Details

• Groww Mutual Fund launched the Groww Nifty PSE ETF on January 22, an open-ended ETF tracking the Nifty PSE Index-TRI.
• The New Fund Offer (NFO) is open for investments until February 5, with regular investments resuming from February 19.
• The ETF invests in equity and equity-related instruments of Nifty PSE Index companies, which are public sector enterprises with over 50% government stake.
• The Nifty PSE Index comprises 20 companies from the Nifty 500, selected based on free-float market capitalization and rebalanced semi-annually.
• Minimum investment is Rs 500, with no exit load; the fund will be managed by Nikhil Satnam, Akash Chauhan, and Shashi Kumar.

Why It Matters: Groww Mutual Fund introduces Nifty PSE ETF, offering a low-cost way to invest in public sector enterprises.