He Groww Nifty Next Generation Automobile and Electric Vehicle ETF tracks Nifty EV and New Age Automotive index.
This index includes major companies involved in electric vehicles, hybrid vehicles and related components.
By investing in this ETF, investors can gain exposure to a diversified portfolio of companies shaping the future of mobility in India.
Highlighting the significance of the ETF listing, Varun Gupta, CEO, Groww AMC, said, “India’s EV ecosystem has seen significant growth, supported by strong government initiatives and increasing customer adoption. The industry is transforming, with EV startups entering the market and established companies investing in EV infrastructure. Through the Groww EV and New Age Automotive schemes, investors have opportunities for financial growth while supporting a greener and more sustainable future for mobility in India.”
The ETF is now listed under the ticker symbol “GROWEV” and is available for trading on the NSE.
It is the first live ETF of Groww collective investment fund.
The series, number of securities and market lot size will follow standard Exchange guidelines, and the ETF is accessible through all major brokers and trading platforms.
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