Groww Nifty 500 Momentum 50 ETF vs NJ Momentum Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty 500 Momentum 50 ETF is an ETF fund and NJ Momentum Fund is a Thematic fund. Groww Nifty 500 Momentum 50 ETF charges 0.81% a year and NJ Momentum Fund 1.72%. Their portfolios overlap 36.3%: they hold 18 of the same securities.
Which is better, Groww Nifty 500 Momentum 50 ETF or NJ Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty 500 Momentum 50 ETF costs less: 0.81% a year against 1.72%.
- NJ Momentum fell less in its worst fall since 03-08-2026: −10.8% against −12.6%.
- Groww Nifty 500 Momentum 50 ETF holds more in large companies: 42.9% of the fund in large caps against 28.0%.
- Their portfolios overlap 36.3%: 18 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 | Groww Nifty 500 Momentum 50 ETF | NJ Momentum Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | NJ Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹29 Cr (30-09-2026) | Not available |
| NAV | ₹10.33 | ₹9.60 (Direct) |
| Expense ratio (Direct) | Not available | 1.72% |
| Expense ratio (Regular) | Not available | 3.51% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 Momentum 50 TRI | Nifty 500 TRI |
| Launch date | 22-04-2025 | 30-07-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Nil | Nil |
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum: 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty 500 Momentum 50 ETF | −2.42% | −1.57% | −0.24% | −4.36% | -- | -- | -- |
| NJ Momentum Fund (Direct) | −3.42% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum: Year-wise Returns
| Year | Groww Nifty 500 Momentum 50 ETFGroww Nifty 500 Momentum 50 ETF | NJ MomentumNJ Momentum |
|---|---|---|
| 2026to date | −2.04% | -- |
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum: Rolling Returns
Every holding period of both funds, against Nifty500 Momentum 50 TRI, the benchmark of Groww Nifty 500 Momentum 50 ETF
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty 500 Momentum 50 ETF | NJ Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.29% | −16.97% |
| Standard deviation | 17.96% | 16.11% |
| Sharpe ratio | -0.23 | -1.38 |
| Sortino ratio | -0.31 | -1.73 |
| Maximum drawdown | −17.3% (23-03-2026) | −10.8% (23-10-2026) |
| Beta | 1.00 | 1.16 |
| Alpha | −0.81% | +17.26% |
From daily NAVs, 23-04-2025 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.
Groww Nifty 500 Momentum 50 ETF
NJ Momentum Fund (Direct)
Nifty500 Momentum 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty 500 Momentum 50 ETF | −12.6% | 28-08-2026 | 23-10-2026 | Not yet | -- | −8.1% |
| NJ Momentum Fund (Direct) | −10.8% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.9% |
| Nifty500 Momentum 50 TRI | −12.6% | 28-08-2026 | 23-10-2026 | Not yet | -- | −8.0% |
From daily values since 03-08-2026, the first day every fund has.
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty 500 Momentum 50 ETF, September 2026; NJ Momentum Fund, September 2026
Holdings in common
- Overlap
- 36.3%
- Held by both
- 18
- Only in Groww Nifty 500 Momentum 50 ETF
- 32
- Only in NJ Momentum
- 22
| Security | % of Groww Nifty 500 Momentum 50 ETF | % of NJ Momentum |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 5.87% | 4.68% |
| Laurus Labs Limited | 6.16% | 4.22% |
| Shriram Finance Limited | 4.87% | 3.58% |
| The Federal Bank Limited | 3.54% | 3.38% |
| Bharat Forge Limited | 3.01% | 3.57% |
| Torrent Pharmaceuticals Limited | 2.69% | 3.63% |
| Cummins India Limited | 4.32% | 2.20% |
| WELSPUN CORP LTD | 2.16% | 6.72% |
| ABB India Limited | 1.74% | 2.30% |
| Navin Fluorine International Limited | 1.57% | 2.78% |
| Acutaas Chemicals Limited | 1.47% | 2.56% |
| Kirloskar Oil Engines Ltd | 1.45% | 4.30% |
| Karur Vysya Bank Limited | 1.34% | 2.26% |
| Bank of Maharashtra | 0.81% | 0.95% |
| Granules India Limited | 0.69% | 2.49% |
| BELRISE INDUSTRIES LIMITED | 0.47% | 2.59% |
| RBL Bank Limited | 0.44% | 1.03% |
| R R Kabel Limited | 0.44% | 2.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.3% means 36.3% 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 Groww Nifty 500 Momentum 50 ETF
| Security | % of fund |
|---|---|
| Hindalco Industries Limited | 4.87% |
| Adani Power Limited | 4.48% |
| GE Vernova T&D India Limited | 4.19% |
| BSE Ltd | 4.01% |
| Bharat Heavy Electricals Limited | 3.43% |
Largest holdings only in NJ Momentum Fund
| Security | % of fund |
|---|---|
| Titan Company Limited | 3.84% |
| Lupin Limited | 3.26% |
| Sona BLW Precision Forgings Limited | 2.75% |
| Aditya Infotech Limited | 2.74% |
| The Phoenix Mills Limited | 2.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty 500 Momentum 50 ETF | NJ Momentum |
|---|---|---|
| Equity | 99.9% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.3% |
Market cap of stocks
| Market cap | Groww Nifty 500 Momentum 50 ETF | NJ Momentum |
|---|---|---|
| Large Cap | 42.9% | 28.0% |
| Mid Cap | 35.7% | 37.8% |
| Small Cap | 21.3% | 33.9% |
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 | Groww Nifty 500 Momentum 50 ETF | NJ Momentum |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.7% | 19.7% |
| Electrical Equipment | 17.8% | 2.3% |
| Industrial Products | 12.6% | 15.7% |
| Banks | 6.1% | 13.1% |
| Capital Markets | 11.4% | 4.7% |
| Auto Components | 4.2% | 10.0% |
| Non - Ferrous Metals | 8.3% | 0.0% |
| Power | 7.6% | 0.0% |
| Finance | 6.1% | 6.4% |
| Chemicals & Petrochemicals | 1.6% | 6.2% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty 500 Momentum 50 ETF | NJ Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.72% |
| Base expense ratio (Direct) | 0.40% | 0.58% |
| Total expense ratio (Regular) | Not available | 3.51% |
| Base expense ratio (Regular) | 0.00% | 2.10% |
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.
More comparisons
Each fund against the others of its category
Groww Nifty 500 Momentum 50 ETF vs NJ Momentum Fund: Frequently Asked Questions
What is the difference between Groww Nifty 500 Momentum 50 ETF and NJ Momentum Fund?
Groww Nifty 500 Momentum 50 ETF is an ETF fund, NJ Momentum Fund is a Thematic fund, run by Groww Mutual Fund and NJ Mutual Fund. Their portfolios overlap 36.3%. Groww Nifty 500 Momentum 50 ETF charges 0.81% a year and NJ Momentum Fund 1.72%.
Which has the lower expense ratio, Groww Nifty 500 Momentum 50 ETF or NJ Momentum Fund?
Groww Nifty 500 Momentum 50 ETF charges less: 0.81% a year against 1.72%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty 500 Momentum 50 ETF and NJ Momentum Fund overlap?
36.3%. They hold 18 of the same securities, the largest shared ones being MCX, LAURUSLABS, SHRIRAMFIN. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty 500 Momentum 50 ETF or NJ Momentum Fund?
On SEBI's riskometer, Groww Nifty 500 Momentum 50 ETF is rated Very High and NJ Momentum Fund Very High. Over their common history, the standard deviation of daily returns was 17.96% and 16.11% a year.
Can I invest in both Groww Nifty 500 Momentum 50 ETF and NJ Momentum Fund?
Yes. 36.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty 500 Momentum 50 ETF and NJ Momentum Fund?
Groww Nifty 500 Momentum 50 ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar. NJ Momentum Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.