Groww Mutual Fund launches Groww Nifty PSU Bank ETF

NFO period: 06^th Mar - 20^th Mar, 2026

Highlights of the NFO:

• Scheme type - An open-ended scheme tracking the Nifty PSU Bank Index - TRI


• Investment objective - The investment objective of the Scheme is 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. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking to generate long-term capital appreciation. Investment in equity and equity-related instruments of the Nifty PSU Bank Index.


• Minimum Application Amount - Rs 500 and in multiples of Re. 1/-thereafter.


• Plan/ Options available - The Scheme does not offer any Plans/Options for investment.


• Fund Managers - Mr. Nikhil Satam, Mr. Aakash Chauhan & Mr. Shashi Kumar


• Benchmark - Nifty PSU Bank Index - TRI