Groww Mutual Fund Launches Nifty PSE ETF: Invest in Public Sector Giants

• Groww Mutual Fund introduced the Groww Nifty PSE ETF, an open-ended exchange-traded fund tracking the Nifty PSE Index – TRI.
• The New Fund Offer (NFO) is open from January 22 to February 5, with reopening expected by February 19.
• The ETF will invest in equity and equity-related instruments of Nifty PSE Index companies, aiming to mirror the index's total return.
• The Nifty PSE Index comprises up to 20 public sector enterprises from the Nifty 500, selected by free-float market capitalization and rebalanced semi-annually.
• The ETF will be listed on stock exchanges for trading, with market makers ensuring secondary market liquidity; minimum application is ₹500 with no exit load.

Why It Matters: Groww Mutual Fund's new Nifty PSE ETF offers investors a way to invest in India's public sector enterprises.