The Groww Nifty EV & New Age Automotive ETF, managed by Groww Mutual Fund, aims for long-term capital growth by tracking the Nifty EV & New Age Automotive Index with a passive investment strategy.

This ETF employs a replication method to mirror the benchmark's performance, focusing on securities within the Nifty EV & New Age Automotive Index, ensuring minimal tracking errors at 0.08%.

The portfolio is heavily concentrated in the automobile sector, with top holdings like Maruti Suzuki (9.1%) and Bajaj Auto (8.1%), reflecting a dominant allocation of 38.9% in automobiles overall.

Over the past year, the fund has delivered a return of 1.6%, indicating a stable performance amidst market volatility, while its expense ratio of 0.47% remains competitive for its size of ₹270.71 Cr.

Managed by a team with substantial experience, the fund's operational efficiency is enhanced by its low tracking error and liquidity considerations, making it an accessible investment option.