Groww Mutual Fund Introduces Nifty PSU Bank ETF; NFO Closes March 20
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Groww Mutual Fund Launches Nifty PSU Bank ETF; NFO Open Until March 20
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CNBC TV18•09-03-2026, 06:59
Groww Mutual Fund Launches Nifty PSU Bank ETF; NFO Open Until March 20
•Groww Mutual Fund has launched the Nifty PSU Bank ETF, an open-ended passive scheme tracking the Nifty PSU Bank Index (TRI).
•The New Fund Offer (NFO) opened on March 6 and will remain available for subscription until March 20.
•The ETF aims to provide investors exposure to listed public sector banks, which play a major role in India’s financial system.
•PSU banks have shown improved financial metrics, including declining NPAs, strengthened capital buffers (16.1% in FY25), and increased net profit (₹1.78 lakh crore in FY25).
•The Nifty PSU Bank Index delivered 67.63% return over one year and 32.73% annualised over five years (as of Feb 25, 2026); minimum investment is ₹500 with no exit load.
