CPSE ETF vs Groww Nifty PSE ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
CPSE ETF is a mutual fund and Groww Nifty PSE ETF is an ETF fund. CPSE ETF charges 0.08% a year and Groww Nifty PSE ETF 0.56%. Their portfolios overlap 54.7%: they hold 7 of the same securities.
Which is better, CPSE ETF or Groww Nifty PSE ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- CPSE ETF costs less: 0.08% a year against 0.56%.
- Groww Nifty PSE ETF fell less in its worst fall since 10-02-2026: −17.0% against −21.1%.
- CPSE ETF is the larger fund: ₹18,645 Cr against ₹17 Cr.
- Their portfolios overlap 54.7%: 7 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | CPSE ETF | Groww Nifty PSE ETF |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Groww Mutual Fund |
| Category | Not available | ETF |
| AUM | ₹18,645 Cr (30-09-2026) | ₹17 Cr (30-09-2026) |
| NAV | ₹88.53 (Direct) | ₹91.55 |
| Expense ratio (Direct) | 0.08% | Not available |
| Expense ratio (Regular) | Not available | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty PSE TRI |
| Launch date | Not available | 09-02-2026 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | Not available | Nil |
CPSE ETF vs Groww Nifty PSE ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| CPSE ETF (Direct) | −2.75% | −6.25% | −18.12% | −6.49% | +18.55% | +24.55% | -- |
| Groww Nifty PSE ETF | −3.00% | −7.65% | −14.15% | -- | -- | -- | -- |
CPSE ETF vs Groww Nifty PSE ETF: Year-wise Returns
| Year | CPSECPSE ETF | Groww Nifty PSEGroww Nifty PSE ETF |
|---|---|---|
| 2026to date | −3.39% | -- |
| 2025 | +7.18% | -- |
| 2024 | +28.03% | -- |
| 2023 | +75.62% | -- |
| 2022 | +27.95% | -- |
| 2021 | +46.00% | -- |
CPSE ETF vs Groww Nifty PSE ETF: Rolling Returns
Every holding period of both funds, against Nifty CPSE TRI, the benchmark of CPSE ETF
CPSE ETF vs Groww Nifty PSE ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | CPSE ETF (Direct) | Groww Nifty PSE ETF |
|---|---|---|
| Return (CAGR) | +13.53% | −16.29% |
| Standard deviation | 21.70% | 14.42% |
| Sharpe ratio | 0.38 | -1.49 |
| Sortino ratio | 0.52 | -1.83 |
| Maximum drawdown | −54.1% (19-03-2020) | −17.0% (23-10-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.48% |
From daily NAVs, 07-11-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
CPSE ETF (Direct)
Groww Nifty PSE ETF
Nifty CPSE TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| CPSE ETF (Direct) | −21.1% | 29-04-2026 | 23-10-2026 | Not yet | -- | −18.7% |
| Groww Nifty PSE ETF | −17.0% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.2% |
| Nifty CPSE TRI | −21.1% | 29-04-2026 | 23-10-2026 | Not yet | -- | −18.7% |
From daily values since 10-02-2026, the first day every fund has.
CPSE ETF vs Groww Nifty PSE ETF: Portfolio Overlap
From each fund's latest monthly portfolio: CPSE ETF, September 2026; Groww Nifty PSE ETF, September 2026
Holdings in common
- Overlap
- 54.7%
- Held by both
- 7
- Only in CPSE ETF
- 4
- Only in Groww Nifty PSE ETF
- 13
| Security | % of CPSE ETF | % of Groww Nifty PSE ETF |
|---|---|---|
| NTPC Limited | 20.22% | 12.86% |
| Bharat Electronics Limited | 20.19% | 11.66% |
| Power Grid Corporation of India Limited | 17.83% | 9.89% |
| Coal India Limited | 15.39% | 8.54% |
| Oil & Natural Gas Corporation Limited | 13.26% | 7.35% |
| NHPC Limited | 4.15% | 2.30% |
| Oil India Limited | 3.70% | 2.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.7% means 54.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in CPSE ETF
| Security | % of fund |
|---|---|
| Cochin Shipyard Limited | 1.92% |
| NLC India Limited | 1.44% |
| NBCC (India) Limited | 1.23% |
| SJVN Limited | 0.64% |
Largest holdings only in Groww Nifty PSE ETF
| Security | % of fund |
|---|---|
| Hindustan Aeronautics Limited | 7.42% |
| Bharat Petroleum Corporation Limited | 5.10% |
| Bharat Heavy Electricals Limited | 5.08% |
| Indian Oil Corporation Limited | 4.23% |
| Power Finance Corporation Limited | 3.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | CPSE ETF | Groww Nifty PSE ETF |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.0% |
Market cap of stocks
| Market cap | CPSE ETF | Groww Nifty PSE ETF |
|---|---|---|
| Large Cap | 86.9% | 81.5% |
| Mid Cap | 11.2% | 18.6% |
| Small Cap | 1.9% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | CPSE ETF | Groww Nifty PSE ETF |
|---|---|---|
| Power | 44.3% | 25.1% |
| Aerospace & Defense | 20.2% | 19.1% |
| Oil | 17.0% | 9.4% |
| Consumable Fuels | 15.4% | 8.5% |
| Petroleum Products | 0.0% | 12.2% |
| Finance | 0.0% | 8.6% |
| Industrial Manufacturing | 1.9% | 0.0% |
| Construction | 1.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
CPSE ETF vs Groww Nifty PSE ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | CPSE ETF | Groww Nifty PSE ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.08% | Not available |
| Base expense ratio (Direct) | 0.06% | 0.45% |
| Base expense ratio (Regular) | 0.00% | 0.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
CPSE ETF vs Groww Nifty PSE ETF: Frequently Asked Questions
What is the difference between CPSE ETF and Groww Nifty PSE ETF?
CPSE ETF is a mutual fund, Groww Nifty PSE ETF is an ETF fund, run by Nippon India Mutual Fund and Groww Mutual Fund. Their portfolios overlap 54.7%. CPSE ETF charges 0.08% a year and Groww Nifty PSE ETF 0.56%.
Which has the lower expense ratio, CPSE ETF or Groww Nifty PSE ETF?
CPSE ETF charges less: 0.08% a year against 0.56%. These are the total expense ratios reported to AMFI.
How much do CPSE ETF and Groww Nifty PSE ETF overlap?
54.7%. They hold 7 of the same securities, the largest shared ones being NTPC, BEL, POWERGRID. From each fund's latest monthly portfolio.
Can I invest in both CPSE ETF and Groww Nifty PSE ETF?
Yes. 54.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.