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

Groww Nifty PSE ETF FOF Direct Growth Plan is an equity fund of fund with a current NAV of ₹9.1942 as of 16 Sep 2026 and scheme AUM of ₹12 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it carries a High Risk profile. Our view is that this is a narrow, concentrated strategy best understood as a thematic equity exposure rather than a broad market core holding.

The fund has delivered a weak short-term pattern and its recent move has been softer than the benchmark, but its portfolio is simple and highly focused. That makes it more suitable for investors who can accept sharp swings and who want a targeted exposure with a small asset base and no exit load.

Quick facts

Particular	Details
NAV	₹9.1942 as of 16 Sep 2026
AUM	₹12 Cr
Expense Ratio	0.0%
Launch Date	11 Feb 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	-3.85%	-4.41%
3M	-6.17%	-3.60%
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

Recent performance has been soft, with the 1-month and 3-month figures both negative. The 1-month figure is slightly better than the benchmark, but the 3-month figure is weaker, which tells us the fund has not yet built a stable short-term pattern.

The daily movement pattern also suggests a choppy start rather than a smooth rise. There were small recoveries within the period, but they were not sustained, and the fund ended the window below where it began.

Because the scheme was launched only in February 2026, its 3-year and 5-year return fields do not yet provide a meaningful long-range track record. For now, our view is that investors should read the fund mainly through its recent behaviour, concentration and mandate rather than through mature compounding evidence.

Against the benchmark, the fund has been mixed: slightly better over 1 month, but weaker over 3 months. That split suggests the strategy can move differently from the broader market, which may be useful for diversification, but it also means the path can be uneven.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Groww Nifty PSE 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 PSE ETF FOF? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Groww Nifty PSE 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 figures available, the current fund does not stand out on trailing return strength because the peer set has no usable return figures for comparison, while the fund itself is at 0% on the listed horizons. What we can compare more confidently is behaviour: the fund has already shown short-term weakness, so its case rests more on mandate fit than on a proven return edge.

That makes the shorter-term comparison more informative than the 3-year or 5-year rows. The long-term columns are not yet meaningful for most of the peer set, and the fund itself is too new for a mature track record, so investors should focus on the strategy’s intent and the shape of its portfolio.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Groww Nifty Pse ETF	Domestic Mutual Funds Units	99.94%

The portfolio is almost entirely invested in a single holding, so that one position is likely to have a very strong influence on how the scheme behaves. With a 99.94% weight, there is very little room for diversification inside the visible portfolio structure.

Because only one holding is disclosed here, there is no fall-off from the largest position to a tenth holding to assess. The key point is concentration: this is a very tight portfolio, and the fund’s outcome will largely depend on the performance of that single underlying ETF exposure.

That level of concentration may suit investors who specifically want a focused exposure and are comfortable with the strategy changing little from the underlying instrument. It may also mean the fund is less helpful as a broad diversifier within an equity allocation.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk and are willing to hold through short-term volatility. The recent performance pattern is uneven, and the scheme is still too new to judge on a full long-horizon record, so patience matters more than quick outcome expectations.

It is better suited to a longer horizon than a short trading-style allocation, especially because the portfolio is tightly concentrated in one underlying ETF exposure. The main trade-off is simple: you get a focused theme, but you also accept limited diversification and a track record that is still developing.

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 PSE ETF FOF Direct Growth Plan?
The current NAV is ₹9.1942 as of 16 Sep 2026.

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

How has the fund performed against the benchmark recently?
Over 1 month, it has been slightly better than the benchmark, while over 3 months it has been weaker. That mixed pattern suggests uneven short-term behaviour.

Does this fund have a diversified portfolio?
No, the visible portfolio is highly concentrated in one holding, Groww Nifty Pse ETF, at 99.94%. That means the fund’s movement will largely depend on that single exposure.

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

Who manages the fund and is there any exit load?
The fund is managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar. There is no exit load.

Bottom line

Groww Nifty PSE ETF FOF Direct Growth Plan looks like a focused, high-risk equity fund with a very concentrated portfolio and a short public track record. Its recent behaviour has been weak and uneven, while the longer-dated return fields are not yet meaningful because the scheme is new. Compared with the peer set, the return picture is not clearly differentiated, so the fund’s appeal rests more on its specific exposure and simple structure than on established performance strength.

Published on 17 September 2026 at 2:48 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.