| Launch date | 24 Jul 2024 |
| Allotment date | 14 Aug 2024 |
| End date | 07 Aug 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.19%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Shashi KumarMay 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
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| Total AUM | ₹2,244.32Cr |
| Date of Incorporation | 10 Apr 2008 |
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Groww Nifty EV & New Age Automotive ETF FoF Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Abhishek Jain is the Current Fund Manager of Groww Nifty EV & New Age Automotive ETF FoF Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,244 Cr and the Latest NAV as of 11 Sep 2025 is ₹9.67. The Groww Nifty EV & New Age Automotive ETF FoF Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. Exit load of 1%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive. ;
| Fund benchmark | Nifty EV and New Age Automotive Total Return Index |
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