The Groww Nifty 500 Momentum 50 ETF, managed by Groww Mutual Fund, aims for long-term capital growth by mirroring the Nifty 500 Momentum 50 Index, focusing on momentum investing.

The fund utilizes a replication strategy to track the Nifty 500 Momentum 50 Index TRI, ensuring minimal tracking errors, currently recorded at 0.44%, which reflects efficient index tracking.

Portfolio concentration reveals a focus on finance and insurance sectors, with top holdings like InterGlobe Aviation and HDFC Life Insurance, highlighting potential sector-specific risks.

In the past year, the ETF has achieved a return of 6.6%, showcasing its capacity to generate positive performance, although long-term CAGR metrics are unavailable at this time.

With a fund size of ₹18.72 Cr, the operational efficiency remains to be assessed, as the expense ratio is currently unspecified, impacting overall cost considerations for investors.