Groww BSE Hospitals ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Groww BSE Hospitals ETF FOF Direct Growth Plan is trading at ₹10.6631 as of 16 September 2026, with scheme AUM of ₹38 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a narrow, sector-linked allocation with very limited live performance history, so it is best assessed as a high-volatility thematic exposure rather than a core diversified equity holding.

The absence of any long track record and the benchmark comparison point to a product where recent moves matter more than historical compounding. The low AUM and a portfolio built around a single underlying holding make the fund highly specific in what it owns, which can work for investors seeking a targeted hospitals theme but will not suit those looking for broad market behaviour.

Quick facts

Particular	Details
NAV	₹10.6631 as of 16 Sep 2026
AUM	₹38 Cr
Expense Ratio	0.0%
Launch Date	05 Mar 2026
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Nikhil Satam, Aakash Chauhan, Shashi Kumar

The fund is managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.88%	-4.41%
3M	-0.94%	-3.6%
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

The recent picture is mixed but not alarming versus the benchmark. Over 1 month, the fund fell less than Nifty 50, and over 3 months it again held up better than the index. That suggests the portfolio has recently been less weak than the market reference even though both have moved lower. The short history, however, makes it difficult to judge how the fund behaves across a full market cycle.

Because the scheme launched on 05 Mar 2026, the 1-year, 3-year and 5-year figures are not yet meaningful as rolling compounding records. The reported 0% readings therefore reflect the absence of a live long-term track record rather than a mature history of flat returns. For investors, that means the fund should be read as an early-stage thematic vehicle, not as a proven compounding engine.

The 1-month and 3-month paths show some day-to-day fluctuation, but they do not indicate severe instability over the periods shown. Even so, the High Risk label remains important because the strategy is tied to a focused hospitals exposure rather than broad diversification. In our view, the main question is not whether the fund has beaten the benchmark in a very short window, but whether an investor wants that concentrated sector exposure at all.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Groww BSE Hospitals 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 Hospitals ETF FOF? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Groww BSE Hospitals ETF FOF Direct Growth Plan	0%	0%	0%
Axis Gold and Silver Passive FoF Direct Growth Plan	Data not available	Data not available	Data not available
HSBC Gold ETF FOF Direct Growth Plan	Data not available	Data not available	Data not available
Bandhan Silver ETF FOF Direct Growth Plan	Data not available	Data not available	Data not available
The Wealth Company Gold ETF FOF Direct Growth Plan	Data not available	Data not available	Data not available
Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan	Data not available	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the only comparable short-window figures available, the fund has been less weak than Nifty 50 in both the 1-month and 3-month periods. That is a useful sign, but it is still a very short read on the strategy. The peer set does not provide usable long-horizon return figures here, so the cleaner conclusion is that current short-term behaviour looks steadier than the benchmark while the longer-term comparison cannot yet be meaningfully built from live history.

That split matters because a young thematic fund can look calm in a brief window and still remain high risk in portfolio terms. In our view, the available peer data supports only a narrow conclusion: the fund has not shown a worse short-term drift than the benchmark, but there is not enough live history to claim durable outperformance over peers on a 3-year or 5-year basis.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Groww BSE Hospitals ETF	Domestic Mutual Funds Units	100.06%

The portfolio is extremely concentrated in one disclosed holding, which is likely to have greater influence on returns than a multi-holding structure would. At a weight of 100.06%, the single position dominates the scheme’s visible asset mix, so the fund’s behaviour will largely reflect the underlying ETF rather than any broad stock-picking spread.

Because only one holding is disclosed, there is no drop-off from the largest position to a tenth holding to analyse. That in itself is informative: the scheme is not built as a diversified basket of many line items, but as a one-layer fund-of-fund structure. For investors, that may reduce complexity, but it also means the strategy depends heavily on the performance path of the underlying hospitals ETF.

With one disclosed holding out of one total holding, the concentration is complete in the visible portfolio. That makes the theme clear and easy to understand, but it also means diversification benefit inside the fund is limited. Investors who want the hospitals theme may appreciate the simplicity; investors who want multiple sources of return may find the structure too narrow.

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk and who want a specific hospitals-sector exposure rather than a broad equity portfolio. The short live history and the 0% longer-horizon figures mean it is better suited to someone who can tolerate uncertainty and is willing to hold through periods when the theme may lag the wider market.

A longer horizon is important because the available performance window is still very limited. The main trade-off is between thematic focus and diversification: the single-holding structure makes the strategy easy to understand, but it also means outcomes will be closely tied to the underlying hospitals ETF. Investors who prefer steadier, market-wide participation may find that balance too narrow.

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 Hospitals ETF FOF Direct Growth Plan?
The current NAV is ₹10.6631 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund done against Nifty 50 recently?
It has been less weak than Nifty 50 over both 1 month and 3 months. The fund returned -2.88% over 1 month versus -4.41% for the benchmark, and -0.94% over 3 months versus -3.6% for the benchmark.

How does it compare with the listed peer funds on available return data?
The peer list does not provide usable 1-year, 3-year or 5-year return figures for comparison. On the short-window figures shown, the fund has held up better than Nifty 50, but the peer long-horizon comparison is not available.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

What is the fund’s risk profile and exit load?
It is classified as High Risk, and it has no exit load. The portfolio is also highly concentrated in one disclosed holding, so the theme will closely follow the underlying hospitals ETF.

Bottom line

Groww BSE Hospitals ETF FOF Direct Growth Plan looks like a newly launched, narrowly focused thematic fund rather than a mature all-weather equity option. Recent short-term behaviour has been less weak than Nifty 50, but the live long-term return record is not yet established. Compared with the listed peers, the available data does not give a meaningful longer-horizon edge story. The single-holding structure keeps the theme clear, but it also leaves the fund highly dependent on one underlying exposure.

Published on 17 September 2026 at 3:12 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore 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.