Groww BSE Power ETF FoF- Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Groww BSE Power ETF FoF- Direct Growth Plan currently has a NAV of ₹11.1095 as of 16 Sep 2026 and an AUM of ₹36 Cr. Its 1-year, 3-year and 5-year returns are 7.82%, 0% and 0%, and the scheme is tagged High Risk. Our view is that this is a concentrated thematic fund-of-fund structure with a short live track record, so it is better suited to investors who understand sector-linked swings and are comfortable with sharp short-term moves.
The current setup looks more appropriate as a satellite allocation than a core equity holding. The fund has a low expense ratio of 0.14% and no exit load, but the recent return pattern has been uneven, so the main appeal is targeted exposure rather than consistency across periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.1095 as of 16 Sep 2026 |
| AUM | ₹36 Cr |
| Expense Ratio | 0.14% |
| Launch Date | 07 Aug 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 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.15% | -4.41% |
| 3M | -10.5% | -3.6% |
| 1Y | 7.82% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern has been weak over shorter windows, with both the fund and the benchmark under pressure in 1M and 3M terms. The fund has still fallen more sharply over 3M than the benchmark, which tells us that the recent phase has been tougher for this strategy than for the broader market proxy.
The 1-year picture is different. The fund is positive at 7.82% while the benchmark is negative at -7.76%, so the strategy has held up much better over that stretch than the benchmark index. That gap matters because it suggests the fund’s return path is being driven by a narrower theme rather than broad market beta.
We also note that the scheme is a relatively new launch, so the 3Y and 5Y fields are not yet available in a meaningful way. That limits how much long-horizon conviction we can build from the current record. For now, the evidence points to a fund that can outperform in some phases but can also swing hard when its theme loses momentum.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Groww BSE Power 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 BSE Power ETF FoF-? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww BSE Power ETF FoF- Direct Growth Plan | 7.82% | Data not available | Data not available |
| SBI Silver ETF FOF Direct Growth Plan | 76.71% | Data not available | Data not available |
| Kotak Silver ETF FoF Direct Growth Plan | 75.91% | 45.12% | Data not available |
| Axis Silver FoF Direct Growth Plan | 74.42% | 45.18% | 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 far below the listed peer funds, all of which have materially stronger one-year figures. On the longer side, the available peer 3-year numbers are also much higher than the current fund’s unavailable long-horizon record, which reflects how little seasoning this scheme has at present.
That said, the peer set tells a different story on investor theme preference rather than on broad-market steadiness. The peers with available long-horizon data are silver-focused funds, while this scheme is power-focused, so the return gap should be read as evidence of different underlying themes rather than a direct like-for-like outcome. For now, the current fund appears materially weaker on available performance data, especially versus peers that already have multi-year records.
Source data date: as of 16 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Groww BSE Power ETF | Domestic Mutual Funds Units | 100.34% |
The portfolio is fully dominated by one holding, so the single underlying ETF is likely to have the greatest influence on returns, drawdowns and recovery phases. With just one disclosed holding and a displayed weight above 100%, this structure leaves very little room for diversification within the scheme itself.
Because the top holding is also the only disclosed holding, weight does not taper away across a long list of positions in the usual way. Instead, the portfolio is highly concentrated in a single exposure, which may make the fund’s movement more dependent on the behaviour of that one ETF than on a spread of securities.
The disclosed holdings total one row, and the combined weight of that disclosed position is 100%. That tells us the portfolio is compact rather than layered. For investors, that means the fund may work better as a small thematic sleeve than as a broad diversification tool.
Source data date: as of 16 Sep 2026
Who should invest
This fund is best suited to investors who can tolerate High Risk and are comfortable with a narrow thematic exposure. The short live history, uneven recent performance and high concentration mean the journey can be volatile, so a longer horizon is important if an investor is considering it at all.
The trade-off is clear: the fund offers targeted exposure and has beaten the benchmark over 1 year, but it has also shown sharper weakness over recent shorter windows and lacks a meaningful multi-year record. That makes it more suitable for investors who can accept periods of underperformance in exchange for theme-driven upside.
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 BSE Power ETF FoF- Direct Growth Plan?
The NAV is ₹11.1095 as of 16 Sep 2026. That is the latest stated value for the scheme on the publication date.
How has the fund performed over 1 year, 3 years and 5 years?
The 1-year return is 7.82%, while the 3-year and 5-year returns are not available in a meaningful way for this scheme’s current history.
How does the fund compare with its benchmark?
Over 1 year, the fund returned 7.82% versus -7.76% for the benchmark. Over 1M and 3M, both have been negative, with the fund falling more sharply over 3M.
How does it compare with peer funds on available return data?
The listed peer funds have much stronger 1-year returns, and the peers with multi-year data also show much higher 3-year numbers. This fund’s own long-horizon record is still too short for a full comparison.
What is the minimum SIP amount?
The minimum SIP amount is ₹500. That makes the fund accessible through a relatively small monthly commitment.
What should investors know about risk, portfolio and exit load?
The fund is tagged High Risk and the portfolio is concentrated in a single disclosed holding, Groww BSE Power ETF. There is no exit load, and the fund managers are Aakash Chauhan, Nikhil Satam and Shashi Kumar.
Bottom line
Groww BSE Power ETF FoF- Direct Growth Plan has a short record, a strong 1-year gain and a much weaker recent stretch over shorter windows. That mixed pattern, together with a High Risk tag, points to a fund whose return path can be uneven. Compared with the listed peers, its available performance data is much lighter and weaker on the longer side. The portfolio is extremely concentrated in one disclosed holding, so this is better viewed as a narrow thematic allocation than a diversified core fund.
Published on 17 September 2026 at 10:13 AM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.