The Groww Gold ETF, managed by Groww Mutual Fund, aims to replicate the domestic price of physical gold, offering a passive investment approach with a focus on gold asset exposure.

Utilizing a tracking strategy aligned with the domestic price of physical gold, the fund maintains a low tracking error of 0.49%, ensuring close performance alignment with its benchmark.

The portfolio is heavily concentrated in gold, with 97.16% allocation, while the remainder is in liquid assets, indicating a focused but potentially risky investment strategy due to high concentration.

Over the past year, the fund has delivered an impressive return of 44.8%, reflecting strong demand for gold amid market fluctuations, although longer-term performance metrics remain unavailable.

With an expense ratio of 0.51% and an AUM of ₹117.54 Cr, the fund is positioned efficiently for investors, overseen by Mr. Wilfred Gonsalves, who brings seven years of experience.