Groww Nifty India Railways PSU Index Fund vs Groww Nifty PSE ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty India Railways PSU Index Fund is an Index fund and Groww Nifty PSE ETF is an ETF fund. Groww Nifty India Railways PSU Index Fund charges 0.72% a year and Groww Nifty PSE ETF 0.56%. Their portfolios overlap 22.2%: they hold 9 of the same securities.
Groww Nifty India Railways PSU Index Fund
Index
- Expense ratio
- 0.72%
- NAV
- ₹6.69
Which is better, Groww Nifty India Railways PSU Index 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.
- Groww Nifty PSE ETF costs less: 0.56% a year against 0.72%.
- Groww Nifty PSE ETF fell less in its worst fall since 10-02-2026: −17.0% against −27.6%.
- Groww Nifty PSE ETF holds more in large companies: 81.5% of the fund in large caps against 37.4%.
- Groww Nifty India Railways PSU Index is the larger fund: ₹62 Cr against ₹17 Cr.
- Their portfolios overlap 22.2%: 9 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 India Railways PSU Index Fund | Groww Nifty PSE ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | Groww Mutual Fund |
| Category | Index | ETF |
| AUM | ₹62 Cr (30-09-2026) | ₹17 Cr (30-09-2026) |
| NAV | ₹6.69 (Direct) | ₹91.55 |
| Expense ratio (Direct) | 0.72% | Not available |
| Expense ratio (Regular) | 1.18% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Railways PSU TRI | Nifty PSE TRI |
| Launch date | 04-02-2025 | 09-02-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | 1%, if redeemed within 30 days | Nil |
Groww Nifty India Railways PSU Index 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty India Railways PSU Index Fund (Direct) | −7.22% | −15.21% | −24.42% | −30.79% | -- | -- | -- |
| Groww Nifty PSE ETF | −3.00% | −7.65% | −14.15% | -- | -- | -- | -- |
Groww Nifty India Railways PSU Index vs Groww Nifty PSE ETF: Year-wise Returns
| Year | India Railways PSU IndexGroww Nifty India Railways PSU Index | PSE ETFGroww Nifty PSE ETF |
|---|---|---|
| 2026to date | −30.38% | -- |
Groww Nifty India Railways PSU Index vs Groww Nifty PSE ETF: Rolling Returns
Every holding period of both funds, against Nifty India Railways PSU TRI, the benchmark of Groww Nifty India Railways PSU Index Fund
Groww Nifty India Railways PSU Index 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 | Groww Nifty India Railways PSU Index Fund (Direct) | Groww Nifty PSE ETF |
|---|---|---|
| Return (CAGR) | −20.13% | −16.29% |
| Standard deviation | 22.92% | 14.42% |
| Sharpe ratio | -1.12 | -1.49 |
| Sortino ratio | -1.56 | -1.83 |
| Maximum drawdown | −39.0% (30-10-2026) | −17.0% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.56% | −0.48% |
From daily NAVs, 07-02-2025 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 India Railways PSU Index Fund (Direct)
Groww Nifty PSE ETF
Nifty India Railways PSU TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty India Railways PSU Index Fund (Direct) | −27.6% | 10-02-2026 | 30-10-2026 | Not yet | -- | −27.6% |
| Groww Nifty PSE ETF | −17.0% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.2% |
| Nifty India Railways PSU TRI | −27.4% | 10-02-2026 | 30-10-2026 | Not yet | -- | −27.4% |
From daily values since 10-02-2026, the first day every fund has.
Groww Nifty India Railways PSU Index vs Groww Nifty PSE ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty India Railways PSU Index Fund, September 2026; Groww Nifty PSE ETF, September 2026
Holdings in common
- Overlap
- 22.2%
- Held by both
- 9
- Only in Groww Nifty India Railways PSU Index
- 8
- Only in Groww Nifty PSE ETF
- 11
| Security | % of Groww Nifty India Railways PSU Index | % of Groww Nifty PSE ETF |
|---|---|---|
| NTPC Limited | 5.31% | 12.86% |
| Bharat Electronics Limited | 4.81% | 11.66% |
| Oil & Natural Gas Corporation Limited | 3.03% | 7.35% |
| Bharat Petroleum Corporation Limited | 2.11% | 5.10% |
| Bharat Heavy Electricals Limited | 2.09% | 5.08% |
| Indian Railway Finance Corporation Ltd | 20.05% | 1.49% |
| Container Corporation of India Limited | 18.77% | 1.30% |
| Hindustan Petroleum Corporation Limited | 1.16% | 2.82% |
| Steel Authority of India Limited | 0.91% | 2.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.2% means 22.2% 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 India Railways PSU Index Fund
| Security | % of fund |
|---|---|
| Indian Railway Catering & Tourism Corp | 16.69% |
| Rail Vikas Nigam Limited | 13.92% |
| Ircon International Limited | 4.64% |
| RITES LIMITED | 3.40% |
| RAILTEL CORPORATION OF INDIA LIMITED | 2.82% |
Largest holdings only in Groww Nifty PSE ETF
| Security | % of fund |
|---|---|
| Power Grid Corporation of India Limited | 9.89% |
| Coal India Limited | 8.54% |
| Hindustan Aeronautics Limited | 7.42% |
| 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 | Groww Nifty India Railways PSU Index | Groww Nifty PSE ETF |
|---|---|---|
| Equity | 100.2% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | -0.0% |
Market cap of stocks
| Market cap | Groww Nifty India Railways PSU Index | Groww Nifty PSE ETF |
|---|---|---|
| Large Cap | 37.4% | 81.5% |
| Mid Cap | 51.5% | 18.6% |
| Small Cap | 11.3% | 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 | Groww Nifty India Railways PSU Index | Groww Nifty PSE ETF |
|---|---|---|
| Power | 5.3% | 25.1% |
| Construction | 22.0% | 0.0% |
| Finance | 20.1% | 8.6% |
| Aerospace & Defense | 4.8% | 19.1% |
| Transport Services | 18.8% | 1.3% |
| Leisure Services | 16.7% | 0.0% |
| Petroleum Products | 3.4% | 12.2% |
| Oil | 3.0% | 9.4% |
| Consumable Fuels | 0.0% | 8.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty India Railways PSU Index vs Groww Nifty PSE ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty India Railways PSU Index Fund | Groww Nifty PSE ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.72% | Not available |
| Base expense ratio (Direct) | 0.50% | 0.45% |
| Total expense ratio (Regular) | 1.18% | Not available |
| Base expense ratio (Regular) | 0.90% | 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.
Groww Nifty India Railways PSU Index Fund vs Groww Nifty PSE ETF: Frequently Asked Questions
What is the difference between Groww Nifty India Railways PSU Index Fund and Groww Nifty PSE ETF?
Groww Nifty India Railways PSU Index Fund is an Index fund, Groww Nifty PSE ETF is an ETF fund, run by Groww Mutual Fund. Their portfolios overlap 22.2%. Groww Nifty India Railways PSU Index Fund charges 0.72% a year and Groww Nifty PSE ETF 0.56%.
Which has the lower expense ratio, Groww Nifty India Railways PSU Index Fund or Groww Nifty PSE ETF?
Groww Nifty PSE ETF charges less: 0.56% a year against 0.72%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty India Railways PSU Index Fund and Groww Nifty PSE ETF overlap?
22.2%. They hold 9 of the same securities, the largest shared ones being NTPC, BEL, ONGC. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty India Railways PSU Index Fund or Groww Nifty PSE ETF?
On SEBI's riskometer, Groww Nifty India Railways PSU Index Fund is rated Very High and Groww Nifty PSE ETF Very High. Over their common history, the standard deviation of daily returns was 22.92% and 14.42% a year.
Can I invest in both Groww Nifty India Railways PSU Index Fund and Groww Nifty PSE ETF?
Yes. 22.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty India Railways PSU Index Fund and Groww Nifty PSE ETF?
Groww Nifty India Railways PSU Index Fund: Nikhil Satam, Aakash Chauhan, Shashi Kumar. Groww Nifty PSE ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar.
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.