The Groww Nifty EV & New Age Automotive ETF, managed by Groww Mutual Fund, aims to achieve long-term capital growth by closely tracking the Nifty EV & New Age Automotive Index.

This passive fund employs a replication strategy, ensuring that its portfolio mirrors the index's securities in the same proportion, with a benchmark of Nifty EV and New Age Automotive Index-TRI.

The portfolio is heavily concentrated in the automobile sector, with top holdings like Maruti Suzuki (9.08%) and Bajaj Auto (8.06%), reflecting a strong bias towards automotive investments.

Over the past year, the fund has experienced a decline of -13.6%, with a low tracking error of 0.08%, indicating effective management in aligning with its benchmark performance.

With an AUM of ₹270.71 Cr and an expense ratio of 0.47%, the fund remains accessible, aiming for liquidity and efficient cost management in its operational framework.