Groww Nifty 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 50 Index Fund Direct Growth Plan has a NAV of ₹9.3182 as of 16 Sep 2026 and a scheme AUM of ₹26 Cr. Its 1-year, 3-year and 5-year returns are -7.48%, 0% and 0%, and the fund sits in the High Risk category.
Our view is that this is a straightforward index option for investors who want Nifty 50 exposure and can accept short-term swings. The portfolio is anchored in large, liquid names, but the recent return pattern has been weaker than the benchmark over the latest periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.3182 as of 16 Sep 2026 |
| AUM | ₹26 Cr |
| Expense Ratio | 0.3% |
| Launch Date | 21 Jul 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 | -4.41% | -4.41% |
| 3M | -3.19% | -3.6% |
| 1Y | -7.48% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern has been soft, and the 1-month and 3-month figures both point to a weak stretch rather than a clean recovery. Even so, the fund has stayed close to the benchmark in the latest periods, which is what investors generally expect from a Nifty 50 index product.
Over the 1-year horizon, the fund has done slightly better than NIFTY 50, but the margin is small. That matters more for tracking behaviour than for outperformance claims, because an index fund’s main job is to stay near its benchmark with minimal drift.
The shorter-period numbers are better than the 1-year figure, yet they still remain negative. Taken together, the return path suggests a fund that has participated in market weakness rather than insulated investors from it, while still keeping benchmark alignment reasonably tight.
Because the scheme launched in July 2025, there is no meaningful 3-year or 5-year return history to assess yet. For now, the evidence is mostly about recent tracking and short-horizon behaviour rather than long-run compounding.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Groww Nifty 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 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww Nifty 50 Index Fund Direct Growth Plan | -7.48% | 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 the return screen, the fund trails the peer group shown here quite clearly, especially over 1 year. Its own 3-year and 5-year figures are not available yet, so the comparison is mainly between a negative recent Nifty 50 track and stronger return numbers elsewhere in the table.
That creates a split picture: the fund has kept close to its benchmark, but it has not matched the stronger recent gains seen in the other index strategies listed here. The short-term comparison is therefore much less supportive than the benchmark comparison, while the longer-term view remains limited by the scheme’s short history.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Limited | Bank | 9.85% |
| ICICI Bank Limited | Bank | 9.45% |
| Reliance Industries Limited | Crude Oil | 7.83% |
| Bharti Airtel Limited | Telecom | 5% |
| Larsen & Toubro Limited | Infrastructure | 4.3% |
| State Bank of India | Bank | 3.98% |
| Infosys Limited | IT | 3.61% |
| Axis Bank Limited | Bank | 3.39% |
| Kotak Mahindra Bank Limited | Bank | 2.8% |
| Mahindra & Mahindra Limited | Automobile & Ancillaries | 2.66% |
The top 10 holdings account for approximately 52.87% of the portfolio.
To see all holdings, visit the Groww Nifty 50 Index Fund Direct Growth Plan page
The largest holding, HDFC Bank Limited, is 9.85%, so it has the single biggest influence within the disclosed basket. The next few positions also carry meaningful weight, which suggests the fund is not dependent on one name alone, even though the top end is still material.
Weight then steps down gradually through the list, from 9.85% at the top to 2.66% at the tenth holding. That pattern indicates a relatively balanced large-cap structure rather than an extreme tilt to one or two positions, but the leading names can still move the fund noticeably.
With 49 holdings in total and the top 10 accounting for 52.87%, the portfolio looks moderately concentrated in its largest names while retaining a longer tail of smaller positions. That mix may help keep the fund closely tied to the Nifty 50 while still allowing the bigger stocks to dominate day-to-day movement.
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk and want broad Nifty 50 exposure through a direct-growth index structure. The negative 1-year return and the weak recent monthly numbers show that short-term volatility is part of the experience, even though the fund has stayed close to the benchmark.
Our view is that it fits a medium-to-long horizon better than a short holding period, because index investing works best when investors can ride through market swings. The main trade-off is simple: you get low-cost, rules-based exposure to large Indian companies, but you also accept that the fund can fall when the market falls.
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 50 Index Fund Direct Growth Plan?
The current NAV is ₹9.3182 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 -7.48%, while the 3-year and 5-year returns are Data not available.
How does this fund compare with NIFTY 50?
It has been close to NIFTY 50 in the latest periods. The 1-month return matches the benchmark at -4.41%, the 3-month return is slightly less negative than the benchmark, and the 1-year return is also marginally better.
How does it compare with the peer funds listed here?
Its 1-year return is below the peer funds shown here, while several of those peers have strong positive 1-year figures. The fund’s own longer-horizon figures are not available yet, so the comparison is mainly based on the recent period.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the risk profile and exit load of this fund?
The fund is classified as High Risk and has no exit load. The portfolio is led by large-cap names such as HDFC Bank Limited, ICICI Bank Limited and Reliance Industries Limited.
Bottom line
Groww Nifty 50 Index Fund Direct Growth Plan has shown a weak recent return profile, but it has remained fairly close to the benchmark across the latest periods. The short history means there is no real 3-year or 5-year performance record yet, so the current case rests more on Nifty 50 exposure, low expense ratio and large-cap portfolio structure than on a long performance track. Investors who want index-style market participation and can tolerate High Risk may find the setup relevant.
Published on 17 September 2026 at 9:47 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.