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Time of India
14-07-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund introduces BSE Power-based passive funds
Groww Mutual Fund has launched two new passive investment schemes: the Groww BSE Power ETF and the Groww BSE Power ETF Fund of Fund (FoF). Both schemes aim to track the BSE Power Index – Total Return Index (TRI), offering investors low-cost exposure to companies in India's power sector. The New Fund Offer (NFO) for both schemes will open for subscription on July 18 and close on August 1, 2025. Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The Groww BSE Power ETF is an exchange-traded fund that seeks to replicate the BSE Power Index by investing in its underlying constituents in the same proportion. The Groww BSE Power ETF Fund of Fund (FoF) is a mutual fund that aims to invest in units of the ETF. Together, these schemes offer two different formats for participating in the same investment theme, according to a press release from the fund house. As per the release, these are India's first power-focused ETF and FoF, designed to capture the sector's evolution via the BSE Power Index – Total Return Index (TRI). Live Events The schemes aim to capitalize on India's evolving electricity landscape, shaped by long-term economic trends, supportive policy measures, and the accelerating momentum in energy transition. The fund house noted that constituents of the BSE Power Index have witnessed their revenues nearly double, and net profits more than triple between 2020 and 2024, indicating improved business fundamentals. Overall, the power sector is undergoing structural reform, supported by long-term tailwinds such as policy initiatives, rising consumption, clean energy adoption, and digital infrastructure. The Groww BSE Power ETF and FoF aim to capture this opportunity through a disciplined, index-based investment approach. The minimum application amount is Rs 500, with no exit load. Both schemes will be benchmarked against the BSE Power Index – TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Also Read | Mazagon Dock and CONCOR among stocks bought and sold by mutual funds in June The Groww BSE Power ETF is suitable for investors seeking long-term capital appreciation through investments in equity and equity-related instruments that are part of the BSE Power Index. On the other hand, the Groww BSE Power ETF FoF is ideal for investors aiming for long-term capital appreciation by investing in units of the Groww BSE Power ETF.
Economic Times
14-07-2025
- Business
- Economic Times
NFO Alert: Groww Mutual Fund introduces BSE Power-based passive funds
Synopsis Groww Mutual Fund has launched two new passive schemes—the Groww BSE Power ETF and the Groww BSE Power ETF Fund of Fund (FoF)—to track the BSE Power Index – TRI. These schemes provide low-cost exposure to India's power sector. The NFO for both funds will be open from July 18 to August 1, 2025. Groww launches India's first power-focused ETF and FoF. Groww Mutual Fund has launched two new passive investment schemes: the Groww BSE Power ETF and the Groww BSE Power ETF Fund of Fund (FoF). Both schemes aim to track the BSE Power Index – Total Return Index (TRI), offering investors low-cost exposure to companies in India's power New Fund Offer (NFO) for both schemes will open for subscription on July 18 and close on August 1, 2025. Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? The Groww BSE Power ETF is an exchange-traded fund that seeks to replicate the BSE Power Index by investing in its underlying constituents in the same proportion. The Groww BSE Power ETF Fund of Fund (FoF) is a mutual fund that aims to invest in units of the ETF. Together, these schemes offer two different formats for participating in the same investment theme, according to a press release from the fund per the release, these are India's first power-focused ETF and FoF, designed to capture the sector's evolution via the BSE Power Index – Total Return Index (TRI). The schemes aim to capitalize on India's evolving electricity landscape, shaped by long-term economic trends, supportive policy measures, and the accelerating momentum in energy fund house noted that constituents of the BSE Power Index have witnessed their revenues nearly double, and net profits more than triple between 2020 and 2024, indicating improved business the power sector is undergoing structural reform, supported by long-term tailwinds such as policy initiatives, rising consumption, clean energy adoption, and digital infrastructure. The Groww BSE Power ETF and FoF aim to capture this opportunity through a disciplined, index-based investment minimum application amount is Rs 500, with no exit load. Both schemes will be benchmarked against the BSE Power Index – TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Also Read | Mazagon Dock and CONCOR among stocks bought and sold by mutual funds in JuneThe Groww BSE Power ETF is suitable for investors seeking long-term capital appreciation through investments in equity and equity-related instruments that are part of the BSE Power Index. On the other hand, the Groww BSE Power ETF FoF is ideal for investors aiming for long-term capital appreciation by investing in units of the Groww BSE Power ETF.
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Business Standard
14-07-2025
- Business
- Business Standard
Groww rolls out BSE Power ETF, FoF amid India's surging electricity demand
Groww Mutual Fund has launched two new passive investment schemes — Groww BSE Power ETF and Groww BSE Power ETF Fund of Fund (FoF) — providing retail investors with a low-cost, index-based route to participate in India's rapidly transforming power sector. Both schemes are benchmarked to the BSE Power Index – Total Return Index (TRI), offering exposure to a diversified basket of companies engaged in power generation, transmission, utilities, and infrastructure. First, What Are ETF and ETF FoF? An ETF (Exchange-Traded Fund) is a marketable security that tracks an index, commodity, or sector, and trades like a stock on an exchange. The Groww BSE Power ETF invests directly in the stocks of companies in the BSE Power Index in the same proportion, offering real-time pricing, liquidity, and lower expense ratios. A Fund of Fund (FoF), in this case the Groww BSE Power ETF FoF, is a mutual fund that does not invest directly in stocks, but instead invests in units of the underlying ETF. It is suitable for investors who prefer the ease of SIPs, automatic investment handling, and don't wish to trade ETFs directly on a stock exchange. Together, they offer two ways to participate in the same theme — ETF for market-savvy investors, and ETF FoF for traditional mutual fund investors. Why Power, Why Now? India's electricity demand has seen a structural surge — from 317 TWh in 2000 to over 1,532 TWh in 2024. But the story is far from over. With per capita consumption still far below global averages, rapid urbanisation, and a shift to EVs and AI-driven data centres, the next phase of power growth is already underway. Key factors driving optimism around the power sector, as per Groww: Massive Headroom for Growth: Per capita consumption in India is just 1.42 MWh, compared to the global average of 3.78 MWh. This is projected to nearly double by 2035. Transition from Deficit to Exporter: India met a record 241 GW peak demand without shortfall in June 2025 and exported $1.5 billion worth of electricity in 2023. Policy Push: ₹31 lakh crore worth of power-related projects are in the National Infrastructure Pipeline. Major government schemes are targeting solar, battery storage, and grid modernization. Clean Energy Shift: Solar and wind capacities now stand at 100 GW and 50 GW respectively. Renewables have become increasingly cost-competitive compared to coal. Rising Demand from Tech: With 123 million EVs expected by 2032 and rapid expansion of data centres, electricity consumption will see new drivers beyond traditional usage. Strong Sector Fundamentals: Between 2020 and 2024, BSE Power Index constituents doubled their revenues and tripled net profits — reflecting structural sectoral strength. Why the BSE Power Index? The BSE Power Index is composed of 14 companies across the power value chain: Power Generation – 39% Transmission – 18% Integrated Utilities – 13% Infrastructure and Equipment – 30% Top constituents by weight include: It has also historically outperformed the BSE Sensex over medium and long-term periods, underlining its investment potential. Product Highlights Minimum Investment: ₹500 Exit Load: Nil Benchmark: BSE Power Index – TRI Fund Managers: Nikhil Satam, Aakash Chauhan, and Shashi Kumar Tracking Approach: SPEARTech-based high-frequency rebalancing for reduced tracking error Groww's new offerings provide a convenient and cost-effective gateway for investors seeking to ride the megatrends reshaping India's energy economy — especially those who prefer index investing with a long-term horizon. Before investing, investors should review the scheme documents and consult their financial advisor.
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Business Standard
13-07-2025
- Business
- Business Standard
Sideshow to spotlight: FoFs weren't in the script, now they own the stage
₹15.6K cr floods in as tax reset, fund blitz, and asset bounce rewrite the playbook in Q1 Listen to This Article Domestic fund of funds (FoFs) closed the April–June quarter of 2025–26 with net inflows of ₹15,617 crore — nearly four times the previous quarter — as a tax-code overhaul, a wave of new schemes, and a broad-based asset rally came together to revive the category. June alone brought in a record ₹8,648 crore in net inflows, pushing the overall FoF asset base up 18 per cent quarter-on-quarter to ₹1.15 trillion, according to data collated by the Association of Mutual Funds in India. 'The new sub-category under FoF, called Income Plus Arbitrage FoF, has drawn steady interest from
Time of India
04-07-2025
- Business
- Time of India
Equity mutual funds offer up to 32% return in first six months of 2025. Sectoral, thematic funds rule return chart
Live Events Losers in the H1 CY2025 Equity mutual funds have offered up to 32% return in the first half of 2025 (January to June) and sectoral and thematic funds have ruled the return chart in the same time period, an analysis by ETMutualFunds showed. A deep dive in the data showed that the first 46 funds were sectoral and thematic were nearly 538 funds in the mentioned time frame, of which 44 gave double-digit returns, 348 gave single-digit returns, and 146 gave negative returns. Edelweiss Europe Dynamic Equity Off-shore Fund, the topper in the said period, delivered a return of 32.03% in the first half of the current calendar year. HSBC Brazil Fund and Invesco India - Invesco Pan European Equity FoF gave 30.97% and 23.86% returns respectively in H1 CY 2025. Mirae Asset Hang Seng TECH ETF FoF offered a 20.31% return in the mentioned time Defence Fund, the only actively managed fund based on defence sector, posted a return of 19.33%.Edelweiss US Technology Equity FOF and Edelweiss Gr China Equity Off-Shore Fund were the last ones to offer double-digit returns in the first half of Global Innovation FoF- gave 9.74% return in the said time period. In the similar time frame, HDFC Flexi Cap Fund posted a return of 7.11% and Mirae Asset Large Cap Fund gave 6.31% in the same period. Parag Parikh Flexi Cap Fund , the largest active fund and flexi cap fund based on assets managed, posted a return of 5.29% in the first six months of the current calendar year. SBI Energy Opportunities Fund and SBI Equity Minimum Variance Fund gave 3.99% in the similar time period. Mirae Asset NYSE FANG+ETF FoF, an international fund, gave a return of 3.16% in the first half of 2025 so Contra Fund, the largest and oldest contra fund, offered a return of 3.02% in the said time Mid Cap Fund delivered a return of 2.69% in the said time India Prima Fund, a prominent mid cap fund, posted a return of 1.63% in the first half of 2025. HSBC Infrastructure Fund was the last one to post positive returns in the said time period. The fund gave 0.02% Multi Sector Rotation Fund lost the most at around 18.40% in the first half of 2025, followed by Union Active Momentum Fund which lost 12.12% in the same MF Small Cap Fund offered a return of 10.93% in the mentioned time period. Mirae Asset S&P 500 Top 50 ETF FoF offered a negative return of 5.78% in the same Small Cap Fund and Tata Small Cap Fund lost 3.98% each in the mentioned period. Quant Commodities Fund and Quant Infrastructure Fund gave a negative return of 2.48% and 2.45% respectively in the first six months of Technology Opp Fund and SBI Small Cap Fund lost 2.27% and 2.23% respectively in the mentioned time largest small cap fund based on assets managed, Nippon India Small Cap Fund, lost 1.43% in the first half of the current calendar year. Quant Small Cap Fund lost 0.09% in the mentioned period. Tata Multicap Fund was the last fund to deliver negative returns in the said considered all equity mutual funds including sectoral and thematic funds. We considered regular and growth options. We calculated the performance from January 1, 2025 to June 30, the above exercise is not a recommendation. The exercise was done to find how equity mutual funds have performed in the first half of the current calendar year. One should not make investment or redemption decisions based on the above should always consider risk appetite, investment horizon, and goals before making any investment decisions.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ along with your age, risk profile, and Twitter handle.
