NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹30.49
-0.29%
NAV as on 16 Feb 26, 12:00 AM
risk
etf units
equity
NAV as on 16 Feb 26, 12:00 AM
risk
etf units
equity
12.84%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-4.00%p.a.
Since Inception
About Groww Nifty EV & New Age Automotive ETF-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Nifty EV & New Age Automotive ETF-Growth scheme from Groww Asset Management Limited. It is a ETF Units mutual fund scheme that predominantly invests in ETF Units stocks of companies. Launched on Aug 2024, Groww Nifty EV & New Age Automotive ETF-Growth is ETF Units fund of its category with 254.37 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category ETF Units funds.
- Groww Nifty EV & New Age Automotive ETF-Growth delivered 12.8% annual returns during the last year. It has delivered -4.0% average annual returns since the fund was launched.
- Groww Nifty EV & New Age Automotive ETF-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The Investment Objective Of The Scheme Is To Generate Long Term Capital Growth By Investing In Securities Of The Nifty Ev & New Age Automotive Index In The Same Proportion / Weightage With Anaim To Provide Returns Before Expenses That Track The Total Return Of Nifty Ev & New Age Automotive Index, Subject To Tracking Errors.
Top 10 Holdings
Amara Raja Batteries Ltd
2.25%
Ashok Leyland Ltd
2.30%
Bajaj Auto Ltd
4.35%
Bharat Forge Ltd
1.57%
Bosch Ltd
4.31%
CG Power & Industrial Solutions Ltd
3.77%
Eicher Motors Ltd
4.01%
Exide Industries Ltd
3.21%
Olectra Greentech Ltd
0.18%
Hero Motocorp Ltd
2.93%
Fund Managers
- Aakash Ashokkumar Chauhan (Apr 2025 - Present)
- Shashi Kumar (May 2025 - Present)
- Nikhil Satam (Feb 2025 - Present)
Key Information
View Scheme Document
Groww Nifty EV & New Age Automotive ETF-Growth SIP Calculator
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NRI Mutual Fund Tax on Groww Nifty EV & New Age Automotive ETF-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Groww Nifty EV & New Age Automotive ETF-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Groww Nifty EV & New Age Automotive ETF-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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