Groww Nifty 200 ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Groww Nifty 200 ETF FOF Direct Growth Plan is priced at ₹11.2016 as of 15 Sep 2026, with an AUM of ₹7 Cr. Its 1-year, 3-year and 5-year returns are -4.4%, 0% and 0%, and the scheme is tagged High Risk. In our view, this is a fund for investors who can tolerate short-term swings and want a low-cost route to an index-oriented portfolio, rather than a steady-return profile.

The portfolio is almost entirely invested in one underlying holding, so the outcome will largely depend on that single exposure. That makes the fund simple to understand, but it also means the investment case rests more on market direction than on diversification.

Quick facts

Particular	Details
NAV	₹11.2016 as of 15 Sep 2026
AUM	₹7 Cr
Expense Ratio	0.15%
Launch Date	28 Feb 2025
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	1% on or before 30D, Nil after 30D
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	-5.49%	-4.81%
3M	-2.53%	-3.63%
1Y	-4.4%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern is uneven. Over 1 month, the fund fell a little more than the benchmark, but over 3 months it held up better than the benchmark. That tells us the recent path has been choppy rather than one-directional.

Over 1 year, the fund is still negative, but it has done much better than the benchmark’s deeper decline. For investors, that is an important distinction: the fund has not delivered a positive one-year outcome, yet it has preserved more value than the index-linked reference over the same period.

The longer look is limited because the scheme is young, so there is no real 3-year or 5-year trailing record to anchor a compounding view. The daily pattern across the available windows suggests a fund that has recovered at points but not in a smooth line, which is consistent with a concentrated index-linked structure.

Because the underlying exposure is close to fully invested in one ETF, performance is likely to track the direction of that single holding more tightly than a diversified multi-stock fund would. That can be useful when the market trend is favourable, but it also means setbacks can flow through quickly when sentiment weakens.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Groww Nifty 200 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Groww Nifty 200 ETF FOF Direct Growth Plan	-4.4%	Data not available	Data not available
SBI Silver ETF FOF Direct Growth Plan	81.88%	Data not available	Data not available
Axis Silver FoF Direct Growth Plan	80.07%	45.18%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	79.84%	Data not available	Data not available
HDFC Silver ETF FoF Direct Growth Plan	79.28%	44.7%	Data not available
Kotak Silver ETF FoF Direct Growth Plan	74.67%	44.26%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, the fund is far behind the silver-focused peer set, while several peers show very strong gains. That comparison does not make the fund inferior by itself, because the schemes are exposed to different underlying assets, but it does show that the recent return profile is much weaker than the peer set’s one-year outcomes.

The longer-view comparison is mixed because this scheme does not yet have a meaningful 3-year or 5-year track, while some peers do. Where those longer figures are available, they are materially stronger than this fund’s current record. So the short-term and longer-term comparison tell different stories: the fund has a limited history and a weak one-year outcome, while some peers have both longer records and stronger compounding.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Groww Nifty 200 ETF	Domestic Mutual Funds Units	99.98%

The single disclosed holding carries almost the entire portfolio, so it is likely to have the greatest influence on returns. With a weight of 99.98%, even small changes in that underlying holding may have a visible effect on the fund’s NAV.

There is no long tail of holdings in the visible portfolio, because only one holding is disclosed. That means the drop-off from the largest holding to the rest of the portfolio is effectively complete rather than gradual. For an investor, this is a clear sign of concentration rather than spread.

In practical terms, the fund may behave more like a pass-through exposure to the underlying ETF than a broadly diversified scheme. That structure can keep the portfolio easy to follow, but it also means the single holding’s path is likely to dominate the fund’s outcome.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk exposure and who can stay invested through short-term swings. The one-year return is negative, while the scheme has no meaningful 3-year or 5-year track yet, so it is better viewed as a market-linked holding than as a stability-focused fund.

The main fit is for someone with a longer horizon who understands that the portfolio is tightly tied to one underlying ETF. The trade-off is straightforward: low expense and simple structure on one side, but concentration and limited track record on the other.

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: 1% on or before 30D, Nil after 30D. After the holding period, no exit load applies.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Groww Nifty 200 ETF FOF Direct Growth Plan?
The current NAV is ₹11.2016 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -4.4%, while the 3-year and 5-year returns are both 0% in the displayed history.

How has the fund done versus its benchmark?
Over 1 year, the fund’s -4.4% return is better than the benchmark’s -8.27%. Over 1 month it lagged slightly, while over 3 months it held up better.

How does it compare with the peer funds shown here?
Its one-year return is far lower than the peer set shown here, where several funds have strong double-digit gains. The comparison is not apples-to-apples because the underlying exposures differ, but the gap in recent performance is large.

What is the minimum SIP amount?
The minimum SIP is ₹100.

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 1% on or before 30D, and nil after 30D.

Bottom line

Groww Nifty 200 ETF FOF Direct Growth Plan has a short, uneven track so far, with a negative one-year return and no meaningful 3-year or 5-year history yet. Compared with the peer set shown here, the recent return profile is much weaker, though the benchmark comparison is still less negative than the reference index over one year. The portfolio is extremely concentrated, which makes the fund easy to understand but also places most of the outcome on one underlying holding. That profile suits investors who can accept High Risk and a narrowly focused market-linked exposure.

Published on 16 September 2026 at 2:02 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.