Groww Nifty India Internet ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Groww Nifty India Internet ETF FOF Direct Growth Plan has a NAV of ₹10.6459 as of 15 September 2026 and scheme AUM of ₹16 Cr. Its 1-year, 3-year and 5-year returns are -1.07%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a niche allocation that can suit investors who want internet-theme exposure, but the return history is still short and uneven relative to the benchmark.
The fund’s present profile is shaped more by concentrated thematic exposure than by a long track record. The benchmark has also been weak over the same horizon, yet the fund has not clearly converted that into stable outperformance across longer periods. That makes it more suitable for investors who can tolerate sharp swings and who already understand the thematic nature of the holding.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.6459 as of 15 Sep 2026 |
| AUM | ₹16 Cr |
| Expense Ratio | 0.19% |
| Launch Date | 03 Jul 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | No exit load |
| Fund Managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
The fund is managed by Aakash Chauhan, Nikhil Satam and Shashi Kumar.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.41% | -4.81% |
| 3M | 17.04% | -3.63% |
| 1Y | -1.07% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is clearly stronger than the one-year number suggests. Over 3 months, the fund has advanced meaningfully while the benchmark has stayed negative, which points to a sharp short-term rebound in the underlying theme.
Over 1 month, the fund has also held up better than the benchmark, even though both have remained choppy. That matters because a thematic fund usually needs time to recover after weak phases, and this one has shown that kind of bounce, but only over a very short window.
The one-year result is still negative, so the improvement has not yet translated into a steadier medium-term record. For a fund launched in July 2025, the absence of 3-year and 5-year figures also means we do not yet have a full cycle to judge how durable the strategy is across different market conditions.
Against the benchmark, the fund has been less weak in the recent periods and less poor over 1 year, but the benchmark comparison still does not turn the fund into a smooth compounder. Our read is that the return profile is more tactical than steady, with recent strength sitting on top of a still-developing track record.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Groww Nifty India Internet ETF FOF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Groww Nifty India Internet ETF FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww Nifty India Internet ETF FOF Direct Growth Plan | -1.07% | Data not available | Data not available |
| SBI Silver ETF FOF Direct Growth Plan | 75.06% | Data not available | Data not available |
| Kotak Silver ETF FoF Direct Growth Plan | 74.67% | 44.26% | Data not available |
| Axis Silver FoF Direct Growth Plan | 73.7% | 44.39% | Data not available |
| Zerodha Silver ETF FoF Direct Growth Plan | 73.46% | Data not available | Data not available |
| Nippon India Silver ETF FOF Direct Growth Plan | 72.65% | 43.94% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is much weaker than the peer group shown here, while the peer funds with available 3-year figures also show a much stronger medium-term record. That contrast suggests the fund is still in an early stage of its own return history.
At the same time, the peer set is not directly comparable in theme, because those funds are tied to silver ETF FoFs rather than the internet theme. So the comparison is useful mainly as a quick check on how the current fund’s recent numbers stack up against the listed alternatives, not as a judgment on the same underlying exposure.
The short-term story and the longer-term story are different across the table. The current fund has shown a recent rebound versus its benchmark, but the peers with longer records have already built far stronger multi-year returns, which leaves this fund looking less established on the available history.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Groww Nifty India Internet ETF | Domestic Mutual Funds Units | 100.27% |
The portfolio is effectively built around a single disclosed holding, so the top position is also the whole visible structure. At 100.27%, that holding is likely to be the main driver of returns, costs and short-term movement in the fund.
Because the disclosed holding list contains only one row, there is no fall-off from the largest holding to a tenth holding within the visible disclosure. That makes the structure look extremely concentrated rather than diversified across many positions.
We would read this as a fund whose behaviour may closely track the underlying ETF exposure it owns, with little offset from other positions. Since the disclosed holdings account for 100% of the visible portfolio and only one holding is listed, the concentration is high by construction and the long tail is not visible here.
Source data date: as of 15 Sep 2026
Who should invest
This fund is suited to investors who are comfortable with High Risk exposure and who can stay invested through uneven short-term performance. The one-year number is still negative, but the recent 3-month rebound shows that the theme can move sharply in either direction.
A longer horizon makes more sense than a short holding period, especially because the fund has only a brief history and no 3-year or 5-year track record yet. Investors who need stable, broad-based returns may find the benchmark comparison too choppy for comfort.
The main trade-off is between thematic upside and reliability. The fund may appeal to investors who want a focused internet-theme allocation and can accept that the return path may be volatile before it becomes easier to judge on a full cycle.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Groww Nifty India Internet ETF FOF Direct Growth Plan?
The current NAV is ₹10.6459 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is -1.07%, while the 3-year and 5-year returns are Data not available.
How has the fund performed versus Nifty 50?
It has done better than Nifty 50 in the recent 1-month, 3-month and 1-year periods shown here. The benchmark remains negative over those same periods, while the fund has been less weak or outright positive in the shorter windows.
How does it compare with the listed peer funds on 1-year return?
The fund’s 1-year return is lower than the listed peer funds shown here, which all have much stronger recent numbers. The peer funds with available 3-year figures also show far stronger medium-term records.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the risk profile and who manages the fund?
The fund is in the High Risk category. It is managed by Aakash Chauhan, Nikhil Satam and Shashi Kumar, and the disclosed portfolio is concentrated in a single holding.
Bottom line
Groww Nifty India Internet ETF FOF Direct Growth Plan has shown a sharper recent rebound than its one-year figure suggests, but the longer-term record is still too short to judge with confidence on 3-year or 5-year terms. Its benchmark comparison is better in the recent windows, yet the overall history remains uneven. The fund’s biggest defining feature is concentration: the disclosed portfolio is effectively a single holding, which can amplify moves. That makes it most relevant for investors who understand thematic volatility and want a focused allocation rather than a steady core holding.
Published on 16 September 2026 at 6:02 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.