Scheme

IB23 Groww Nifty EV New Age Automotive ETF

Holds 37 companies worth ₹279 Cr in Sept 2026.

Fund house
GROWWThe fund house that runs this scheme.
AUM
₹279 CrIB23 Groww Nifty EV New Age Automotive ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 8.7% on Aug 2026, ₹305 Cr.
Largest holding
MARUTI SUZUKI INDA LIMITEDMARUTI SUZUKI INDA LIMITED is 8.1% of this scheme's NAV.
Fund manager
Nikhil SatamRuns it since 21 Feb 2025, as the fund house dates it. With Aakash chauhan (fund manager), Shashi Kumar (fund manager).

Overview^{(7 Oct 2026)}

Fund managers3

Nikhil SatamFund manager, equity · Feb 2025 · 11y · B.Com
Aakash chauhanFund manager, equity · Apr 2025 · 8y · MBA
Shashi KumarFund manager, equity · May 2025 · 18y · PGDM

Abhishek JainAug 2024 – Mar 2025

Key facts

Benchmark: Nifty EV and New Age Automotive Index - Total Return Index
Risk: Very High
Expense: Regular 0% · Direct 0.67%
Exit load: Nil
Started: 9 Aug 2024
Minimum: ₹500

Source.Its Scheme Summary Document as of 7 Oct 2026 at AMFI.

What changed^{(9 changes)}

Jul 2026

1 change

Expense ratio
31 JulDirect 0.61% → 0.64%

Jun 2026

1 change

Expense ratio
30 JunDirect 0.65% → 0.61%

May 2026

1 change

Expense ratio
9 MayDirect 0.53% → 0.65%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(Aug 2024 – now)}

MainCoSlice20252026

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Mar 2025 – Oct 2026)}

Every change to the expense ratio, newest first.
5 changes	Regular	Direct	Δ pt
31 Jul 2026	0.00%	0.64%	0.03
30 Jun 2026	0.00%	0.61%	0.04
9 May 2026	0.00%	0.65%	0.12
9 Mar 2026	0.00%	0.53%	0.06
7 Mar 2025	–	0.47%	–

Direct plan, 31 Jul 2026

0.64%

Regular plan 0.00% · Exit load nil

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(7 Oct 2026)}

Objective

The investment objective of the Scheme is to generate long term capital growth by investing in securities of the Nifty EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive Index, subject to tracking errors. owever, there can be no assurance or guarantee that the investment objective of the scheme will be achieved

Risk, type and benchmark

Riskometer: Very High
At launch: Very High
Type: ETF
Benchmark: Nifty EV and New Age Automotive Index - Total Return Index

Asset allocation it may hold% of NAV

Securities included in the Nifty EV and New Age Automotive Index
Allowed95–100%
Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest^{(7 Oct 2026)}

Buying

To start: ₹500, then re.1
Most: ₹99,99,99,999

Selling and switching

Scheme details^{(7 Oct 2026)}

What it is

Category: Other Schemes > Equity Exchange Traded Fund (ETF)
Offer: 22 Jul 2024 to 2 Aug 2024
Started: 9 Aug 2024
Reopened: 19 Aug 2024
Face value: ₹10
Listed: NSE

How it is run

Custodian: HDFC Bank Ltd.
Auditor: S.R. Batliboi & Co. LLP
Registrar: KFin Technologies Limited
SEBI code: GROW/O/O/EET/24/07/0015