Scheme

IB32 Groww Nifty India Railways PSU ETF

Holds 17 companies worth ₹171 Cr in Sept 2026.

Fund house
GROWWThe fund house that runs this scheme.
AUM
₹171 CrIB32 Groww Nifty India Railways PSU ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.7% on Aug 2026, ₹170 Cr.
Largest holding
Indian Railway Finance Corp LimitedIndian Railway Finance Corp Limited is 20.0% 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 JainFeb 2025 – Jun 2025

Key facts

Benchmark: Nifty India Railways PSU India- TRI
Risk: Very High
Expense: Regular 0% · Direct 0.54%
Exit load: Nil
Started: 5 Feb 2025
Minimum: ₹500

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

What changed^{(11 changes)}

Jun 2026

1 change

Expense ratio
30 JunDirect 0.66% → 0.53%

May 2026

2 changes

Mar 2026

1 change

Expense ratio
9 MarRegular 0.49% → Regular 0% · Direct 0.49%

Source.Its filings at NSE, since Feb 2025.

Fund managers over time^{(Feb 2025 – now)}

MainCoSlice2026

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.
6 changes	Regular	Direct	Δ pt
30 Jun 2026	0.00%	0.53%	0.13
31 May 2026	0.00%	0.66%	0.04
9 May 2026	0.00%	0.70%	0.21
9 Mar 2026	0.00%	0.49%	–
10 Jun 2025	0.49%	–	–
7 Mar 2025	0.45%	–	–

Direct plan, 30 Jun 2026

0.53%

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 India Railways PSU Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of the Nifty India Railways PSU Index, subject to tracking errors. However, 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: Open Ended
Benchmark: Nifty India Railways PSU India- TRI

Asset allocation it may hold% of NAV

Constituents of Nifty India Railways PSU Index
Allowed95–100%
Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
Allowed0–5%Holds0.1%

Holds in Sept 2026.99.9% equity · 0.1% debt and cash

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: 16 Jan 2025 to 30 Jan 2025
Started: 5 Feb 2025
Reopened: 7 Feb 2025
Face value: Rs. 10 or 1/100
Listed: No

How it is run

Custodian: HDFC Bank Ltd.
Auditor: S.R. Batliboi & Co. LLP
Registrar: KFin Technologies Limited
SEBI code: GROW/O/O/EET/24/12/0024