Listen to this article
Groww Mutual Fund has launched the Groww Nifty India Internet ETF, India’s first exchange-traded fund (ETF) that aims to track the Nifty India Internet Index – TRI.
This underlying index invests in companies driving India’s internet-led transformation across sectors such as e-commerce, fintech, online travel, digital payments, stockbroking, and entertainment. These sectors are increasingly becoming central to India’s consumption and service economy.
The index currently consists of 21 listed companies. It seeks to represent companies that derive a significant portion of their revenues from internet-based business models.
The index composition spans 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%). Over 83% of the portfolio is made up of mid and large-cap stocks. The index has maintained a dynamic profile, with periodic inclusions and exclusions reflecting the evolving internet economy.
Post NFO, the ETF will be listed on the NSE. The minimum investment during the NFO is Rs.500, and there is no exit load.
