Groww Mutual Fund Launches India's First Internet ETF, Tracks Nifty India Internet Index

Groww Mutual Fund launched Groww Nifty India Internet ETF, the country's first ETF tracking the Nifty India Internet Index - TRI. The ETF aims to provide diversified exposure to internet-first businesses across sectors like e-commerce, fintech, and online travel. The scheme is jointly managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar, and the minimum investment during the NFO is Rs 500. The ETF will be listed on the National Stock Exchange (NSE).

Groww Mutual Fund has introduced the Groww Nifty India Internet ETF, India's first exchange-traded fund (ETF) designed to track the Nifty India Internet Index - TRI. This ETF aims to provide investors with diversified exposure to internet-first businesses across sectors such as e-commerce, fintech, and online travel. The scheme is jointly managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar, and the minimum investment during the New Fund Offer (NFO) period is Rs 500. The ETF will be listed on the National Stock Exchange (NSE) after the NFO period.

The Groww Nifty India Internet ETF seeks to mirror the performance of the Nifty India Internet Index by investing in its constituents in similar proportions, subject to tracking error. The index, which is free float market capitalization-weighted with a cap of 20% per constituent, is rebalanced quarterly and reconstituted semi-annually to remain responsive to market developments [1].

The Nifty India Internet Index comprises 21 listed companies, with a significant portion of their revenues derived from internet-based business models. The index is spread across six broad sectors: e-retail and e-commerce (36%), financial technology (26%), internet-enabled retail (19%), stockbroking (8%), digital travel (10%), and online media (1.5%) [2]. Over 83% of the portfolio consists of mid and large-cap stocks.

The performance of the Nifty India Internet Index has been robust, delivering a 1-year CAGR of 25.94% and a 3-year CAGR of 22.55% as of May 31, 2025. The index also posted a Sharpe ratio of 2.73 (1-year) and 2.63 (3-year), indicating strong risk-adjusted returns compared to traditional indices like the Nifty 50 and Nifty 500 [3].

Investors can subscribe to the Groww Nifty India Internet ETF during the NFO period from June 13 to June 27, 2025. After the NFO, the ETF will be listed on the NSE, and investors can start trading it. There is no exit load on redemption, making it a flexible investment option for long-term investors seeking capital appreciation in the internet sector [4].

References:
[1] https://www.business-standard.com/markets/news/groww-mf-launches-nifty-india-internet-etf-here-s-all-you-need-to-know-125061100580_1.html
[2] https://www.outlookmoney.com/invest/groww-mutual-fund-launches-nifty-india-internet-etf-what-investors-should-know
[3] https://www.5paisa.com/mutual-funds/nfo/groww-nifty-india-internet-etf
[4] https://economictimes.indiatimes.com/mf/mf-news/nfo-alert-groww-mutual-fund-launches-etf-tracking-the-nifty-india-internet-index/articleshow/121774087.cms