Groww Nifty 500 Momentum 50 ETF

The Groww Nifty 500 Momentum 50 ETF, managed by Groww Mutual Fund, aims for long-term capital growth by replicating the Nifty 500 Momentum 50 Index with an open-ended structure.

This ETF employs a momentum investment strategy, tracking the Nifty 500 Momentum 50 Index TRI, with a tracking error of 0.44%, ensuring alignment with benchmark performance.

Portfolio concentration is notable, with top holdings in sectors like Finance and Insurance, highlighting a 18.8% allocation to Finance and 14.45% to Insurance, reflecting sectoral focus.

Over the past year, the ETF has shown a performance increase of 29.5%, indicating strong momentum, although long-term CAGR data is not available for further insights.

The fund size stands at ₹18.72 Cr, with management by experienced professionals since 2025, although the expense ratio remains unspecified, potentially impacting cost efficiency.