Groww Mutual Fund on Thursday announced the launch of the Groww Nifty PSE ETF, an open-ended exchange traded fund designed to track the Nifty PSE Index (TRI). The new fund offer opened on January 22, 2026, and will close on February 5, 2026.
The ETF will invest in shares and equity-related instruments of companies that are constituents of the Nifty PSE Index. The portfolio will be constructed in the same proportion as the index with the objective of replicating its performance.
The Groww Nifty PSE ETF has a minimum investment requirement of ₹500, with additional investments permitted in multiples of ₹1. There is no exit load on the scheme. The benchmark for the fund is the Nifty PSE Index – TRI. The risk level of the scheme is classified as very high risk.
The fund will be managed by Nikhil Satam, Akash Chauhan, and Shashi Kumar. It is a passively managed scheme and aims to mirror the performance of the Nifty PSE Index. A small portion of the portfolio may be invested in debt and money market instruments to maintain liquidity in line with SEBI regulations.
The ETF will be listed on recognised stock exchanges, allowing investors to buy and sell units during market hours in the secondary market. Market makers will be appointed to provide liquidity.
The Nifty PSE Index represents listed public sector enterprises with majority central or state government ownership. The index includes up to 20 companies selected from the Nifty 500 based on free-float market capitalisation and is rebalanced semi-annually.
Groww Mutual Fund Chief Executive Officer Varun Gupta said that public sector companies in India play a key role in long-term infrastructure and strategic projects, supported by decades of experience, technical capability, and a long-term approach. He added that the segment’s fundamentals have strengthened over time and valuations are relatively balanced compared with other market segments.
