Fundalysisby DARKHORSESTOCKS

Scheme

IB66 Groww Nifty PSU Bank ETF

Holds 12 companies worth ₹6 Cr in Sept 2026.

  • Fund house

    GROWWThe fund house that runs this scheme.

  • AUM

    ₹6 CrIB66 Groww Nifty PSU Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.0% on Aug 2026, ₹6.2 Cr.

  • Largest holding

    State Bank of IndiaState Bank of India is 33.3% of this scheme's NAV.

  • Fund manager

    Nikhil SatamRuns its co-manager part since 24 Mar 2026, as the fund house dates it. With Aakash chauhan (co-manager), Shashi Kumar (co-manager).

Overview(7 Oct 2026)

Fund managers3

  1. Nikhil SatamCo-manager · Mar 2026 · 11y · B.Com
  2. Aakash chauhanCo-manager · Mar 2026 · 8y · MBA
  3. Shashi KumarCo-manager · Mar 2026 · 18y · PGDM

    Key facts

    Benchmark
    Nifty PSU Bank Index - TRI
    Risk
    Very High
    Expense
    Regular 0% · Direct 0.48%
    Exit load
    Nil
    Started
    24 Mar 2026
    Minimum
    1 Unit

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

    What changed(4 changes)

    Jul 2026

    1 change
    1. Expense ratio
      31 JulDirect 0.47% → 0.49%

    Jun 2026

    1 change
    1. Expense ratio
      30 JunDirect 0.4% → Regular 0% · Direct 0.47%

    May 2026

    2 changes

    Source.Its filings at NSE, since Apr 2026.

    Fund managers over time(Mar 2026 – now)

    1. Nikhil Satam
    2. Aakash chauhan
    3. Shashi Kumar
    MainCoSlice
    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(Apr 2026 – Oct 2026)

    Every change to the expense ratio, newest first.
    5 changesRegularDirectΔ pt
    31 Jul 20260.00%0.49%0.02
    30 Jun 20260.00%0.47%0.07
    31 May 2026–0.40%0.32
    9 May 20260.00%0.72%0.32
    8 Apr 2026–0.40%–
    Direct plan, 31 Jul 2026
    0.49%
    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 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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    ETF
    Benchmark
    Nifty PSU Bank Index - TRI

    Asset allocation it may hold% of NAV

    1. Constituents of Nifty PSU Bank Index
      Allowed95–100%
    2. 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
    1 Unit, then 1 Unit
    To add
    1 Unit, then 1 Unit
    Most
    Any amount

    Selling and switching

    To redeem
    1 Unit or 1 Unit units

    Scheme details(7 Oct 2026)

    What it is

    Category
    Other Schemes > Equity Exchange Traded Fund (ETF)
    Offer
    6 Mar 2026 to 20 Mar 2026
    Started
    24 Mar 2026
    Reopened
    25 Mar 2026
    Face value
    1/100th of the Index value
    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/26/02/0057