Latest news with #GrowwMutualFund
Time of India
3 days ago
- 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
3 days ago
- 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
3 days ago
- 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
3 days ago
- Business
- Business Standard
NFO Alert! Groww MF launches BSE Power ETF; here's all you need to know
Groww BSE Power ETF: Groww Mutual Fund is set to launch the Groww BSE Power ETF, an open-ended scheme tracking the BSE Power Index (TRI). The new fund offer (NFO) will open for subscription on Friday, July 18, 2025 and closes on Friday, August 1, 2025. According to the scheme information document (SID), the investment objective of the scheme is to generate long-term capital growth by investing in securities of the BSE Power Index in the same proportion, to provide returns before expenses that track the total return of the BSE Power Index, subject to tracking errors. However, there can be no assurance that the investment objective of the scheme will be achieved. The Groww BSE Power ETF will be managed passively with investments in stocks in the same proportion as in the BSE Power Index (TRI). The Scheme will invest at least 95 per cent of its net assets in Equity and equity-related instruments of the BSE Power Index (TRI). Some of the key constituents of the BSE Power index include NTPC, Power Grid, Suzlon Energy, Tata Power, Adani Power, Bharat Heavy Electricals, ABB India, Adani Green Energy and Siemens. During the NFO, investors can invest a minimum of ₹500 and in multiples of ₹1 thereafter, with units allotted in whole numbers and any remaining amount refunded. After the NFO, only Market Makers and Large Investors (with transactions over ₹25 crores) can buy or redeem units directly from the Mutual Fund in creation unit sizes. According to the SID, post-NFO, the ETF will be listed on the National Stock Exchange (NSE). If units are redeemed, no exit load will be charged. Nikhil Satam, Aakash Chauhan, and Shashi Kumar are the designated fund managers for the scheme. As per the riskometer, the principal invested in the scheme will be at very high risk. Groww BSE Power ETF: Who should invest? According to the SID, the fund is suitable for investors seeking long-term capital appreciation and investment in equity and equity-related instruments of the BSE Power Index. However, investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Time of India
02-07-2025
- Business
- Time of India
Defence mutual funds gain up to 39% in 3 months. Should you join the rally or stay cautious?
Live Events Defence sector based mutual funds have delivered stellar returns in the past three months, with some schemes offering gains of up to 39%. The average return for the category stands at a strong 36.98%. Around six funds in the category have marked their presence in the market in the said time period. Motilal Oswal Nifty India Defence ETF offered a gain of 38.58% in the last three months, followed by defence funds of Groww Mutual Fund. Groww Nifty India Defence ETF and Groww Nifty India Defence ETF FOF offered a return of 38.48% and 38.32% respectively in the similar time the said time period, defence based two index funds - Motilal Oswal Nifty India Defence Index Fund and Aditya Birla SL Nifty India Defence Index Fund posted a return of 38.27% and 38.21% respectively. HDFC Defence Fund , the only actively managed fund based on the defence sector, posted a return of 30.04% in the same time believe that the sharp rally in the sector was driven by several factors such as rising government expenditure on defence modernisation, supportive policies like Make in India, Atmanirbhar Bharat and increase in geopolitical Palve, Director at Anand Rathi Wealth Limited is of the opinion that the sector remains very sensitive to geopolitical events and similar sharp rallies have occurred in the past usually followed by phases of consolidation or corrections as the sentiment cools off.'Given this volatility, investing in sectorial/thematic funds is not recommended as it requires tactic entry & exit to ride the performance which is not suitable for regular investors,' Palve shared with similar opinion, Sagar Shinde, VP Research, Fisdom told ETMutualFunds that PSU defence companies like HAL, BEL, and BDL have reported healthy order books, margin expansion, and earnings growth. 'Additionally, heightened geopolitical tensions have further increased interest in the sector, both domestically and globally, fueling investor optimism,' Shinde funds have demonstrated similar performance in the last six months as the funds offered up to 39% return with an average return of 35.29%. Motilal Oswal Nifty India Defence ETF offered a gain of 38.73% in the last six Read | JioBlackRock Overnight Fund opens for subscription. Who should invest? Motilal Oswal Nifty India Defence Index Fund delivered a return of 38.24% in the last six months. Groww Nifty India Defence ETF FOF and HDFC Defence Fund gained 36.60% and 21.94% respectively in the last six analysing the past performance of these funds, Shinde said that given the sharp rally, the current valuations appear stretched, making a large lumpsum entry risky and investors with a high-risk appetite and a 3–5 year horizon may consider selective the other hand, Palve while cautioning the investors said that one should keep in mind that investing in the defence sector, or any sectoral/thematic strategy, comes with its own set of challenges as these sectors often experience cyclical performance and require timely entry and exit to capitalise on momentum, which can be difficult for most investors to navigate, therefore, chasing current momentum in such sectors is not of six available funds based on the defence sector, five are passive funds whereas only one is active funds and with passive funds delivering stellar performance compared to active funds, Shinde mentions that, 'Passive funds are preferred, as they have consistently outperformed active peers by a wider margin and also have a better cost advantage. To manage timing risks, a staggered SIP approach is more prudent than a lumpsum investment.'According to a report by ETMarkets, recently defence stocks witnessed a surge after NATO allies agreed to hike defence spending and the move is being seen as a big export opportunity for Indian defence firms.'In a five-point statement issued on Wednesday, NATO leaders backed the big increase in defence spending that US President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit in the Netherlands,' the report Read | Beyond JioBlackRock: Eight other mutual fund NFOs open for subscription this week The further highlighted that the new spending target - to be achieved over the next 10 years - is a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP, although it will be measured differently and countries have pledged to spend 3.5% of GDP on core defence - such as troops and weapons - and 1.5% on broader defence-related measures such as cyber security, protecting pipelines and adapting roads and bridges to handle heavy military an increase in investor confidence in the sector and hike in defence spending, the experts caution investors with short term volatility in the sector due to stretched valuations and potential profit believes that the investors should enter with calibrated expectations and a long-term mindset. 'The medium to long-term outlook remains constructive, supported by strong policy tailwinds, increasing defence exports, and greater focus on self-reliance. However, short-term volatility cannot be ruled out due to stretched valuations and potential profit booking. Investors should enter with calibrated expectations and a long-term mindset,' he mentioning that the sector has potential to move higher supported by favourable government policies and long-term capital commitments, Palve advises investors not to focus solely on any one sector rather focus on broad-based diversified equity funds.'Looking ahead, the defence sector has the potential to move higher, supported by favourable government policies and long-term capital commitments. However, current valuations suggest the sector appears overheated, with a high degree of froth. This shows that the optimism around future positive events such as order wins, export growth and policy tailwinds may already be priced in. Hence, a phase of mean reversion would not be surprising,' Palve commented.'Thus, it is not advisable for investors to invest solely in any single sector, as it increases the concentration risk. Instead they are recommended to invest in broad based diversified equity funds such as market cap based funds and strategy-based funds which gives exposure across sectors,' he or sector schemes invest most of their corpus in a particular sector, and the performance of schemes is based on performance of the sector. That is why thematic or sector funds are recommended only to investors with thorough knowledge about the should invest in these schemes only if you have a long investment horizon or have intimate knowledge about the sector to time the entry and exit in these schemes. Remember, every sector or theme can go out of fashion depending on the economic conditions. You should not make hasty decisions in those phases.: 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@ alongwith your age, risk profile, and Twitter handle.
