Groww Nifty 500 Momentum 50 ETF Review – Groww Nifty 500 Momentum 50 ETF Review Direct NFO Open on 03 April 2025 and Close on 17 April 2025. Groww Nifty 500 Momentum 50 ETF Direct NFO Allotment Date is 25 April 2025, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹500. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open‐ended scheme tracking the Nifty 500 Momentum 50 Index – TRI.
Scheme Benchmark: Nifty Rural TRI
Groww Nifty 500 Momentum 50 ETF Scheme Benchmark
| Company | Weightage |
|---|---|
| Bharti Airtel Ltd. | 9.84 |
| ITC Ltd. | 8.07 |
| State Bank of India | 6.27 |
| Mahindra & Mahindra Ltd. | 5.00 |
| Bajaj Finance Ltd. | 4.95 |
| Hindustan Unilever Ltd. | 4.24 |
| NTPC Ltd. | 3.59 |
| Maruti Suzuki India Ltd. | 3.20 |
| Tata Motors Ltd. | 2.98 |
| UltraTech Cement Ltd. | 2.83 |
Groww Nifty 500 Momentum 50 ETF Important Date
| Scheme Offer | Groww Nifty 500 Momentum 50 ETF |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 03 April 2025 |
| Close Date | 17 April 2025 |
| Allotment Date | 25 April 2025 |
| Category | Other Schemes - Exchange Traded Fund (ETF) |
| Min Inv ₹ | ₹500 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 Momentum 50 Index TRI |
Investment Objective of the Scheme?
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Momentum 50 Index
in the same proportion/weightage to provide returns before expenses that track the total return of Nifty 500 Momentum 50 Index,
subject to tracking errors.
Groww Nifty 500 Momentum 50 ETF Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | Exit load of 1%, if redeemed within 30 days |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 500 |
| Min. SIP | Rs. 100 |
Groww Nifty 500 Momentum 50 ETF Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Constituents of Nifty 500 Momentum 50 Index | 95% | 100% |
| Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. Nikhil Satam
Qualification: B. Com & Masters in Finance (MFM)
Experience: Mr. Nikhil Satam has over 8 years of work experience in the financial services industry. Since June 2023, he has been working as an Equity dealer in existing equity schemes of Groww Asset Management Ltd. (Groww AMC), handling all active and passive scheme dealings.
Additionally, he is working as a backup fund manager for passive schemes. Before joining Groww AMC, he was associated with Groww
Invest Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd). Earlier, he worked with Motilal Oswal and Kotak Securities as an Equity Dealer.
Groww Nifty 500 Momentum 50 ETF Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 24.54 |
| Fast Moving Consumer Goods | 20.50 |
| Automobile and Auto Components | 17.25 |
| Telecommunication | 10.61 |
| Power | 8.14 |
| Construction Materials | 7.60 |
| Consumer Durables | 6.20 |
| Capital Goods | 2.75 |
| Chemicals | 1.76 |
| Consumer Services | 0.46 |
| Media, Entertainment & Publication | 0.19 |
Groww Nifty 500 Momentum 50 ETF Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -0.42 | -0.42 | 3.80 | 24.80 | 14.06 |
| Total Return | -0.20 | -0.20 | 4.92 | 26.14 | 15.57 |
Where Will the Scheme Invest?
- Equity and equity-related instruments constitute the Nifty 500 Momentum 50 Index in a similar proportion (weightage) as in the Index and endeavour to track the benchmark index, including equity derivatives for non-hedging purposes up to 50%.
- Debt securities and Money Market Instruments (including reverse repos, Commercial Deposit, Commercial Paper, Treasury Bills and Tri-Party Repos) permitted by SEBI/RBI or in alternative investment for the call money market as may be provided by RBI to meet the liquidity requirements.
- Derivatives including Index Futures, Stock Futures, Index Options, Stock Options, etc. and such other derivative instruments permitted under Regulations.
- Mutual Fund units.
- Any other instruments as may be permitted by RBI/SEBI under prevailing laws from time to time.
- Transfer of investments from one scheme to another scheme in the same Mutual Fund shall be allowed, in line with para 12.30 of SEBI Master Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90, dated June 27, 2024.
Also Read: ICICI Prudential Rural Opportunities Fund Review
Groww Nifty 500 Momentum 50 ETF Registrar
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