Latest news with #NiftyIndiaInternetIndex
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Business Standard
2 days ago
- Business
- Business Standard
Groww MF launches Nifty India Internet ETF: Here's all you need to know
Groww Nifty India Internet ETF: Groww Mutual Fund has launched the Groww Nifty India Internet ETF, an open-ended scheme that aims to track the Nifty India Internet Index (TRI). The New Fund Offer (NFO) will open for subscription on Friday, 13 June 2025, and close on Friday, 27 June 2025. This Exchange-Traded Fund (ETF) offers diversified exposure to companies driving India's internet-led transformation. It seeks to invest in companies that derive a significant portion of their revenues from internet-based business models. According to the Scheme Information Document (SID), the Groww Nifty India Internet ETF is free float market capitalisation-weighted, with a cap of 20 per cent per constituent. It is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The composition of the Nifty India Internet Index spans six broad sectors, including e-retail and e-commerce, financial technology, internet-enabled retail, stockbroking, digital travel, and online media. Over 83 per cent of the portfolio comprises mid and large-cap stocks. As per , the investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty India Internet Index in the same proportion, with the aim of providing returns before expenses that track the total return of the Nifty India Internet Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. During the NFO, investors can invest a minimum of ₹500 and in multiples of ₹1 thereafter, with units allotted in whole numbers and any remaining amount refunded. After the NFO, only Market Makers and Large Investors (with transactions over ₹25 crores) can buy or redeem units directly from the Mutual Fund in creation unit sizes. According to the SID, post-NFO, the ETF will be listed on the National Stock Exchange (NSE). If units are redeemed, no exit load will be charged. Nikhil Satam, Aakash Ashokkumar Chauhan, and Shashi Kumar are the designated fund managers for the scheme. Who should invest in the Groww Nifty India Internet ETF? According to the SID, the fund is suitable for investors seeking long-term capital appreciation and investment in equity and equity-related instruments of the Nifty India Internet Index. However, investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Time of India
2 days ago
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches ETF tracking the Nifty India Internet Index
Groww Mutual Fund has launched Groww Nifty India Internet ETF , India's first exchange-traded fund (ETF) that aims to track the Nifty India Internet Index – TRI. The new fund offer or NFO of the scheme will open on June 13 and will close on June 27. Also Read | Mutual fund SIP stoppage ratio slows down to nearly 72% in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Miss The Top Packaging Trends Of 2024, Enhnace Your Brand With The Latest Insights Packaging Machines | Search Ads Search Now Undo This ETF seeks to offer investors diversified exposure to companies driving India's internet-led transformation. The fund aims to invest in internet-first businesses across sectors such as e-commerce, fintech, online travel, digital payments, stockbroking, and entertainment. These sectors are increasingly becoming central to India's consumption and service economy. The Groww Nifty India Internet ETF aims to provide long-term investors a rules-based, transparent, and low-cost route to participate in this growth story. The scheme seeks to replicate the performance of the index by holding its constituents in similar weightage, subject to tracking error. Live Events The scheme is jointly managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Post NFO, the ETF will be listed on the National Stock Exchange (NSE). The minimum investment during the NFO is Rs 500, and there is no exit load. The scheme is suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related instruments of the Nifty India Internet Index. Also Read | Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows The Nifty India Internet Index, which serves as the underlying benchmark, currently consists of 21 listed companies. It seeks to represent companies that derive a significant portion of their revenues from internet-based business models. The index is free float market capitalization-weighted with a cap of 20% per constituent and is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The index composition spans across six broad sectors: e-retail and e-commerce (36%), financial technology (26%), internet-enabled retail (19%), stockbroking (8%), digital travel (10%), and online media (1.5%). Over 83% of the portfolio is made up of mid and large-cap stocks. The index has maintained a dynamic profile, with periodic inclusions and exclusions reflecting the evolving internet economy. Performance-wise, as of May 31, 2025, the Nifty India Internet Index delivered a 1-year CAGR of 25.94% and a 3-year CAGR of 22.55%. It also posted a Sharpe ratio of 2.73 (1-year) and 2.63 (3-year), indicating risk-adjusted returns compared to traditional indices like the Nifty 50 and Nifty 500.
