Groww Nifty EV & New Age Automotive ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Groww Nifty EV & New Age Automotive ETF FOF Direct Growth Plan has a NAV of ₹9.8291 as of 10 Sep 2026, with scheme AUM of ₹183 Cr. Its 1-year, 3-year and 5-year returns are 1.7%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a specialised, concentrated fund whose near-term return profile has been modest, while the broader theme can still lead to uneven moves.

The fund has a low expense ratio of 0.19% and is built for investors who are comfortable with sharp swings and theme-specific outcomes rather than broad-market diversification. The benchmark is Nifty 50, so the return path should be read against a large-cap market yardstick rather than a sector-specific one.

Quick facts

Particular	Details
NAV	₹9.8291 as of 10 Sep 2026
AUM	₹183 Cr
Expense Ratio	0.19%
Launch Date	12 Aug 2024
Min SIP	₹500
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 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.41%	-4.06%
3M	6.63%	1.37%
1Y	1.7%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern has been mixed. Over one month, the fund fell 5.41%, which was slightly worse than the benchmark’s 4.06% decline. Over three months, it recovered more strongly, with a 6.63% return versus 1.37% for Nifty 50. That suggests the fund can move more sharply than the benchmark when the underlying theme strengthens.

Over one year, the fund’s 1.7% return stands above the benchmark’s -7.31%. That gap is meaningful, but it also reflects a benchmark that was weaker over the same period, so the comparison should be read with care. The fund has not yet built a long enough listed history for 3-year or 5-year figures, so longer-horizon compounding cannot be judged from direct trailing returns.

The 1-month and 3-month series point to a choppier ride than a plain diversified index fund. The fund recovered from earlier weakness, then gave back part of those gains again in the latest month. For investors, that means the return path looks theme-driven and uneven rather than smooth.

On balance, the fund has done better than the benchmark over the periods where figures are available, but the advantage has not come with stable month-to-month behaviour. That is consistent with a specialised fund that may react strongly to shifts in sentiment around EV and new-age automotive holdings.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Groww Nifty EV & New Age Automotive 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 Nifty EV & New Age Automotive ETF FOF? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Groww Nifty EV & New Age Automotive ETF FOF Direct Growth Plan	1.7%	Data not available	Data not available
SBI Silver ETF FOF Direct Growth Plan	88.17%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	86.54%	46.64%	Data not available
Axis Silver FoF Direct Growth Plan	85.6%	46.72%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	85.48%	Data not available	Data not available
Aditya Birla SL Silver ETF FOF Direct Growth Plan	84.59%	46.31%	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 peer set shown here, which is dominated by silver-themed funds with very strong one-year gains. That does not automatically make the comparison apples to apples, but it does show that this fund has had a much quieter year than those peers on available figures.

At the longer end, the current fund has no 3-year or 5-year history to compare, while some peers do have 3-year figures in the mid-40% range. So the short-term story and the longer-horizon story are not the same: this fund has a limited track record and a far more subdued one-year outcome than the peer group shown.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Groww Nifty Ev & New Age Automotive ETF	Domestic Mutual Funds Units	100.06%

The portfolio is fully concentrated in a single underlying holding, so that one position is likely to have the greatest influence on returns. With only one disclosed holding, there is no diversification across different securities inside this fund-of-fund structure.

Because the disclosed portfolio contains just one holding, there is no fall-off from the largest position to a tenth position. That means the portfolio does not show the kind of layered weight distribution that would usually cushion individual-position swings.

The disclosed holding weight is 100.06%, and the table shows that the entire visible portfolio sits in one line item. In practical terms, that points to a concentrated structure where performance may depend heavily on the underlying ETF’s own movement and theme exposure.

Source data date: as of 10 Sep 2026

Who should invest

This fund fits investors who can tolerate High Risk and who understand that theme-led investing can move unevenly over short periods. The one-year return is positive, but the month-to-month path has been choppy, so a short horizon is unlikely to suit it well.

Our view is that it is more appropriate for investors with a longer horizon and an interest in the EV and new-age automotive theme rather than those seeking steady, broad-based market exposure. The benchmark comparison shows that it can outperform in some periods, but that advantage may come with sharper swings.

The main trade-off is concentration. The portfolio is entirely in one disclosed holding, so investors may get focused theme exposure rather than diversified risk reduction.

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% if units are sold on or before 30 days. No exit load applies after the holding period.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Groww Nifty EV & New Age Automotive ETF FOF Direct Growth Plan?

The NAV is ₹9.8291 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 1.7%, while the 3-year and 5-year returns are Data not available.

How has it done versus the benchmark?

It has done better than Nifty 50 over the available periods shown here. The fund’s 1-month return was -5.41% versus -4.06% for the benchmark, its 3-month return was 6.63% versus 1.37%, and its 1-year return was 1.7% versus -7.31%.

How does it compare with the peer funds listed here?

Its 1-year return is much lower than the silver-themed peer funds listed here, which have 1-year returns in the mid-80% to high-80% range. The current fund also does not yet have 3-year or 5-year figures to compare against some peers that do.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What are the risk profile, portfolio style and exit load?

The fund is in the High Risk category and the disclosed portfolio is fully concentrated in one holding, Groww Nifty Ev & New Age Automotive ETF. The exit load is 1% if units are sold on or before 30 days, and there is no exit load after that period.

Bottom line

This fund has shown a better available return profile than Nifty 50 over the periods disclosed, but the path has been uneven and the long-horizon record is still limited. Compared with the peer funds shown here, its recent return is far lower, while some peers have much stronger 1-year and 3-year numbers. The structure is highly concentrated in one disclosed holding, so it suits investors who want thematic exposure and can handle High Risk outcomes rather than those seeking diversification or steady compounding.

Published on 11 September 2026 at 4:02 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.