Groww Nifty PSE ETF vs SBI PSU Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty PSE ETF is an ETF fund and SBI PSU Fund is a Thematic fund. Groww Nifty PSE ETF charges 0.56% a year and SBI PSU Fund 0.97%. Their portfolios overlap 49.8%: they hold 12 of the same securities.
Which is better, Groww Nifty PSE ETF or SBI PSU? 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 0.97%.
- SBI PSU fell less in its worst fall since 10-02-2026: −16.2% against −17.0%.
- SBI PSU is the larger fund: ₹6,354 Cr against ₹17 Cr.
- Their portfolios overlap 49.8%: 12 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 PSE ETF | SBI PSU Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | SBI Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹17 Cr (30-09-2026) | ₹6,354 Cr (30-09-2026) |
| NAV | ₹91.55 | ₹35.37 (Direct) |
| Expense ratio (Direct) | Not available | 0.97% |
| Expense ratio (Regular) | Not available | 1.94% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty PSE TRI | Not available |
| Launch date | 09-02-2026 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Not available |
| Exit load | Nil | Not available |
Groww Nifty PSE ETF vs SBI PSU: 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 PSE ETF | −3.00% | −7.65% | −14.15% | -- | -- | -- | -- |
| SBI PSU Fund (Direct) | −2.71% | −6.65% | −11.22% | −4.87% | +19.35% | +20.84% | +12.69% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Groww Nifty PSE ETF vs SBI PSU: Year-wise Returns
| Year | Groww Nifty PSE ETFGroww Nifty PSE ETF | SBI PSUSBI PSU |
|---|---|---|
| 2026to date | -- | −5.68% |
| 2025 | -- | +12.43% |
| 2024 | -- | +24.87% |
| 2023 | -- | +55.74% |
| 2022 | -- | +30.41% |
| 2021 | -- | +33.77% |
Groww Nifty PSE ETF vs SBI PSU: Rolling Returns
Every holding period of both funds, against Nifty PSE TRI, the benchmark of Groww Nifty PSE ETF
Groww Nifty PSE ETF vs SBI PSU: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty PSE ETF | SBI PSU Fund (Direct) |
|---|---|---|
| Return (CAGR) | −16.29% | +10.91% |
| Standard deviation | 14.42% | 19.60% |
| Sharpe ratio | -1.49 | 0.25 |
| Sortino ratio | -1.83 | 0.33 |
| Maximum drawdown | −17.0% (23-10-2026) | −47.1% (24-03-2020) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.48% | +1.06% |
From daily NAVs, 10-02-2026 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 PSE ETF
SBI PSU Fund (Direct)
Nifty PSE TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty PSE ETF | −17.0% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.2% |
| SBI PSU Fund (Direct) | −16.2% | 26-02-2026 | 23-10-2026 | Not yet | -- | −14.4% |
| Nifty PSE TRI | −16.8% | 28-04-2026 | 23-10-2026 | Not yet | -- | −15.0% |
From daily values since 10-02-2026, the first day every fund has.
Groww Nifty PSE ETF vs SBI PSU: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty PSE ETF, September 2026; SBI PSU Fund, September 2026
Holdings in common
- Overlap
- 49.8%
- Held by both
- 12
- Only in Groww Nifty PSE ETF
- 8
- Only in SBI PSU
- 14
| Security | % of Groww Nifty PSE ETF | % of SBI PSU |
|---|---|---|
| NTPC Limited | 12.86% | 8.61% |
| Bharat Electronics Limited | 11.66% | 7.87% |
| Power Grid Corporation of India Limited | 9.89% | 7.41% |
| Bharat Petroleum Corporation Limited | 5.10% | 4.63% |
| Bharat Heavy Electricals Limited | 5.08% | 4.25% |
| GAIL (India) Limited | 3.86% | 6.87% |
| Oil & Natural Gas Corporation Limited | 7.35% | 3.66% |
| National Aluminium Company Limited | 2.56% | 2.44% |
| NMDC Limited | 2.22% | 2.40% |
| Hindustan Aeronautics Limited | 7.42% | 2.02% |
| NHPC Limited | 2.30% | 1.49% |
| Container Corporation of India Limited | 1.30% | 3.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.8% means 49.8% 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 PSE ETF
| Security | % of fund |
|---|---|
| Coal India Limited | 8.54% |
| Indian Oil Corporation Limited | 4.23% |
| Power Finance Corporation Limited | 3.97% |
| REC Limited | 3.13% |
| Hindustan Petroleum Corporation Limited | 2.82% |
Largest holdings only in SBI PSU Fund
| Security | % of fund |
|---|---|
| State Bank of India | 15.66% |
| Bank of Baroda | 5.21% |
| Indian Bank | 3.59% |
| PNB Housing Finance Ltd. | 3.13% |
| Engineers India Ltd. | 2.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty PSE ETF | SBI PSU |
|---|---|---|
| Equity | 100.0% | 98.7% |
| Debt | 0.0% | 0.1% |
| Cash and others | -0.0% | 1.2% |
Market cap of stocks
| Market cap | Groww Nifty PSE ETF | SBI PSU |
|---|---|---|
| Large Cap | 81.5% | 71.9% |
| Mid Cap | 18.6% | 16.3% |
| Small Cap | 0.0% | 10.2% |
| Not on AMFI's list | 0.0% | 0.3% |
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 PSE ETF | SBI PSU |
|---|---|---|
| Power | 25.1% | 17.5% |
| Banks | 0.0% | 24.5% |
| Aerospace & Defense | 19.1% | 9.9% |
| Petroleum Products | 12.2% | 4.6% |
| Gas | 3.9% | 11.9% |
| Oil | 9.4% | 3.7% |
| Finance | 8.6% | 5.4% |
| Consumable Fuels | 8.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty PSE ETF vs SBI PSU: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty PSE ETF | SBI PSU Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.97% |
| Base expense ratio (Direct) | 0.45% | 0.73% |
| Total expense ratio (Regular) | Not available | 1.94% |
| Base expense ratio (Regular) | 0.00% | 1.56% |
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 PSE ETF vs SBI PSU Fund: Frequently Asked Questions
What is the difference between Groww Nifty PSE ETF and SBI PSU Fund?
Groww Nifty PSE ETF is an ETF fund, SBI PSU Fund is a Thematic fund, run by Groww Mutual Fund and SBI Mutual Fund. Their portfolios overlap 49.8%. Groww Nifty PSE ETF charges 0.56% a year and SBI PSU Fund 0.97%.
Which has the lower expense ratio, Groww Nifty PSE ETF or SBI PSU Fund?
Groww Nifty PSE ETF charges less: 0.56% a year against 0.97%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty PSE ETF and SBI PSU Fund overlap?
49.8%. They hold 12 of the same securities, the largest shared ones being NTPC, BEL, POWERGRID. From each fund's latest monthly portfolio.
Can I invest in both Groww Nifty PSE ETF and SBI PSU Fund?
Yes. 49.8% 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.