About us
Groww Nifty India Railways PSU Index Fund
Index
High Risk
NFO Opening date
16 Jan 2025
End date
30 Jan 2025
Scheme re-opens on
13 Feb 2025
India's first Railway PSU Index Fund*
The Groww Nifty India Railways PSU Index Fund¹ tracks the Nifty India Railways PSU Index, which covers the Railway PSU ecosystem.
Includes financial companies, services, and industrial goods.
Why consider Groww Nifty India Railways PSU Index Fund?
Growth Potential
The fund invests in the rapidly evolving railway sector, which offers growth potential.
Critical infrastructure sector
Indian Railways is a key component of India's transportation and logistics network, supporting large-scale passenger and freight movement, and contributing to economic activity.
Government-led modernization
With a record ₹2.62 lakh crore capital expenditure for FY 2024-25², modernization initiatives such as high-speed rail, station redevelopment, and renewable energy adoption aim to improve operational efficiency and align with sustainability objectives.
Economic growth potential
Indian Railways supports vital industries like steel, cement, and manufacturing. It plays a key role in India's economic growth strategy, contributing to the $5 trillion economy vision through initiatives such as PM Gati Shakti, which enhances exports and reduces transit times.³
The Nifty India Railways PSU Index offers
Exposure to the railways ecosystem¹
The fund tracks the Nifty India Railways PSU Index-TRI, providing exposure to both core and non-core PSUs across sectors.
Growth potential
The index portfolio is weighted towards mid-cap stocks (54.61%), which may offer growth potential over the long term.¹
Who may consider Groww Nifty India Railways PSU Index Fund?
Investors seeking long-term capital appreciation
Investors seeking exposure to the railway sector and PSU companies
Investors aiming to invest in equity and equity-related instruments of the Nifty India Railways PSU Index - TRI
Minimum investment amounts
Minimum SIP investment
₹100
Minimum Lumpsum investment
₹500
Expense ratio, exit load and tax
Unit Price
Units at ₹10 each during the New Fund Offer
Total Expense ratio:
upto 1.00%
Exit load
1% if redeemed within 30 days; NIL thereafter.
Stamp duty on investment: 0.005%
from July 1st 2020
Tax implication:
Returns are taxed at normal rate of tax applicable to the assessee, if you redeem before 1 year. After 1 year, you are required to pay LTCG Tax of 12.5% on returns of more than ₹1Lakh in a financial year
Fund management
Abhishek JainJan 2025 - PresentView details
Abhishek Jain
Jan 2025
- Present
View details
About
Mr Abhishek Jain has 12 years of experience in Equity Market. Prior to joining GMF he was associated with Edelweiss Tokio Life Insurance as a Senior Dealer. He has also worked in Acko General Insurance and Shriram Asset Management Co Ltd.
Investment objective
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty India Railways PSU Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of the Nifty India Railways PSU Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Fund benchmark
Nifty India Railways PSU India - TRI
Type of Scheme
An open-ended scheme tracking the Nifty India Railways PSU Index - TRI
Riskometer
This product is suitable for investors who are seeking*
• Long-term capital appreciation
• Investment in equity and equityrelated instruments of the Nifty India Railways PSU Index
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Scheme Riskometer
Investors understand that thier principal will be at Very High Risk
Benchmark Riskometer - Nifty India Railways PSU India - TRI
The Benchmark is at Very High Risk
*The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Downloads
SID - Groww Nifty India Railway PSU Index Fund
KIM - Groww Nifty India Railway PSU Index Fund
Presentation - Groww Nifty India Railway PSU Index Fund
Brochure - Groww Nifty India Railway PSU Index Fund
Disclaimer
*As on December 13, 2024
Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Views expressed herein, involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied herein. Stocks/Sectors/Views should not be construed as an investment advice or a research report or a recommendation by Groww Mutual Fund ("the Fund") / Groww Asset Manage- ment Limited (AMC) to buy or sell the stock or any other security. The sector(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s).There is no assurance of any returns/capital protection/capital guarantee to the investors in above mentioned Schemes. The investment approach other data mentioned herein are dated and proposed to be followed by the scheme and the same may change in future depending on market conditions and other factors. The AMC/trustee/ sponsor/group companies shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information.
The "Product" offered by "the issuer" is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL). NSE IN- DICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of "the Product" or any member of the public regarding the advisability of investing in securities generally or in "the Product" linked to Nifty India Railways PSU Index or particularly in the ability of the Nifty India Railways PSU Index to track general stock market performance in India. Please read the full Disclaimers in the Offer Document / Prospectus / Information Statement.
Min. SIP amount
₹100
Min. Lumpsum amount
₹500
