Groww Nifty Next 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Groww Nifty Next 50 Index Fund Direct Growth Plan closed at ₹10.429 as of 16 Sep 2026, with scheme AUM of ₹11 Cr. Its 1-year, 3-year and 5-year returns are 2.4%, 0% and 0%, and the fund is tagged High Risk. Our view is that this is still a young index fund with a small asset base, so the main appeal is market-linked exposure rather than a long return history.
The portfolio is built around next-tier listed companies, but recent performance has been uneven. That makes it more suitable for investors who can tolerate swings and are comfortable with an index-style approach that may track the segment more than it smooths it.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.429 as of 16 Sep 2026 |
| AUM | ₹11 Cr |
| Expense Ratio | 0.3% |
| Launch Date | 25 Aug 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| 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 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.51% | -4.41% |
| 3M | -2.34% | -3.6% |
| 1Y | 2.4% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been choppy. Over 1 month, the fund fell more than the benchmark, which tells us the last leg of the move was weaker for the scheme than for NIFTY 50. Over 3 months, it held up better than the benchmark, so the short-term pattern is not one-way weakness.
The 1-year number is the clearest positive point. The fund is ahead of the benchmark over that span, while the benchmark remains negative. That suggests the scheme has recovered better than the reference index over the past year, even if the latest month was soft.
The daily path in both periods points to a fund that has moved in a stop-start manner rather than a smooth line. That matters because index funds are usually judged on consistency versus the market they mirror. Here, the last few weeks were weaker, but the 1-year pattern still looks sturdier than the benchmark’s own trailing performance.
We would read this as a short history with mixed momentum rather than a stable compounding record. The current picture is better over 1 year than over 1 month, so recent weakness does not fully erase the better year-long outcome.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Groww Nifty Next 50 Index?
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 Next 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww Nifty Next 50 Index Fund Direct Growth Plan | 2.4% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year returns, the fund trails all five peer funds listed here by a wide margin. Two peers also have usable 3-year figures, and both are far stronger than this fund’s current history can show because its own 3-year figure is not yet available. That leaves the current scheme looking early-stage relative to the more established comparables.
The short-term comparison and the longer-term comparison tell different stories. The 1-year gap is large, but the lack of a 3-year and 5-year track record means we cannot read this fund as a long-run performer yet. For now, the peer set suggests the scheme is still building a record rather than matching the stronger multi-year history seen in the available comparables.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Divi’S Laboratories Limited | Healthcare | 4.73% |
| TVS Motor Company Limited | Automobile & Ancillaries | 4.01% |
| Tata Motors Limited | Domestic Equities | 3.87% |
| Hindustan Aeronautics Limited | Capital Goods | 3.58% |
| Adani Power Limited | Power | 3.23% |
| Cholamandalam Invest & Finance Co Ltd | Finance | 3.16% |
| Samvardhana Motherson International Ltd | Automobile & Ancillaries | 2.96% |
| Torrent Pharmaceuticals Limited | Healthcare | 2.92% |
| Cummins India Limited | Automobile & Ancillaries | 2.71% |
| Bharat Petroleum Corporation Limited | Crude Oil | 2.58% |
The largest holding is Divi’S Laboratories Limited at 4.73%, so the portfolio does not lean too heavily on a single name. The drop from the first holding to the tenth is gradual rather than sharp, which suggests the visible book is spread across several mid-sized positions instead of being dominated by one or two large bets.
The top ten holdings account for approximately 33.75% of the portfolio, which leaves a long tail across the remaining 40 holdings. That structure may reduce the influence of any one position, but it also means the fund’s outcome is likely to be shaped by how a wider set of names behaves over time.
Because the fund discloses 50 holdings in total, the current portfolio looks broadly diversified at the stock level even though the leading positions still matter. Our view is that this mix may appeal to investors who want a rules-based equity sleeve with measured position sizes rather than a concentrated portfolio.
To see all holdings, visit the Groww Nifty Next 50 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk and want an index-style equity allocation with exposure to the next layer of listed companies. The short record and uneven recent performance mean it fits best as a longer-horizon holding rather than a near-term parking place.
The main trade-off is that you get diversified stock exposure and a low expense ratio, but the return path can still be uneven. The fund has done better over 1 year than the benchmark, yet the recent 1-month stretch was weaker. Investors who can live with that kind of movement may find the structure useful, while those seeking steadier outcomes may prefer a more established track record.
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 16 Sep 2026
Frequently asked questions
What is the current NAV of Groww Nifty Next 50 Index Fund Direct Growth Plan?
The current NAV is ₹10.429 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 2.4%, while its 3-year and 5-year returns are not available yet.
How has it performed against the benchmark?
It has outpaced the benchmark over 1 year, but it lagged the benchmark over 1 month and was ahead over 3 months.
How does it compare with the peer funds listed here?
Its 1-year return is well below the peer funds listed here, while its own 3-year and 5-year history is not yet available.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Aakash Chauhan, Nikhil Satam and Shashi Kumar. The exit load is nil.
Bottom line
Groww Nifty Next 50 Index Fund Direct Growth Plan has a short history, a High Risk profile and a mixed recent path: the latest month was weak, but the 1-year outcome is better than the benchmark. Against the peers listed here, the available 1-year figure is much softer, while longer-term comparisons are limited by the fund’s age. The portfolio is spread across 50 holdings, with the largest position still only 4.73%, so no single stock dominates the visible book. That makes it a fit for investors who want diversified equity exposure and can tolerate uneven swings.
Published on 17 September 2026 at 11:13 AM 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.