A market-linked pooled investment
The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Investors whose goal, horizon and risk capacity match the official scheme objective.
The scheme can lose value; study the portfolio, costs, liquidity and concentration before investing.
How the money may be invested
Units of Groww Nifty EV & New Age Automotive ETF - 95% to 100% Debt & Money Market Instruments / and Units of debt/liquid schemes of domestic Mutual Funds - 0% to 05%
- SEBI category
- Other Schemes > Fund of Funds (Domestic)
- Fund type
- Fund of Fund
- Primary benchmark
- Nifty EV and New Age Automotive Index - Total Return Index
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Nikhil Satam , Mr. Aakash Chauhan , Mr. Shashi Kumar
- Manager tenure on this scheme
- Since Mr. Nikhil Satam - February 21, 2025 , Mr. Aakash Chauhan - April 14, 2025 , Mr. Shashi Kumar - May 16, 2025
- Role / co-management
- Mr. Nikhil Satam - Primary(Dealer Equity & Fund Manager - Passive Scheme) , Mr. Aakash Chauhan - Primary(Dealer Equity & Fund Manager - Passive Scheme) , Mr. Shashi Kumar - Primary(Dealer Equity & Fund Manager - Passive Scheme)
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Groww Nifty EV & New Age Automotive ETF FOF - Direct Plan - Growth | ₹9.9059 | 04 Sep 2026 |
| Groww Nifty EV & New Age Automotive ETF FOF - Direct Plan - Income Distribution cum capital withdrawal | ₹9.9064 | 04 Sep 2026 |
| Groww Nifty EV & New Age Automotive ETF FOF - Regular Plan - Growth | ₹9.8238 | 04 Sep 2026 |
| Groww Nifty EV & New Age Automotive ETF FOF - Regular Plan - Income Distribution cum capital withdrawal | ₹9.8239 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 0.44%, Direct 0.14%
- Exit load
- If redeemed within 30 days from the date of allotment: 1%; If redeemed after 30 days from the date of allotment: NIL.
- Minimum application
- Rs. 500 · multiples of Re.1
- SIP frequency
- SIP - Daily, Weekly, Monthly and Quarterly SWP - Monthly and Quarterly STP -Daily, Weekly, Monthly and Quarterly
- Minimum SIP amount
- SIP - Rs.100,100,500,500 SWP - Rs.500,500 STP - Rs.500,500,500,500
- Minimum instalments
- SIP - 180, 24, 12, 4 STP - 6,6,6,6 SWP - 12, 4
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.