Groww Mutual Fund has launched the Groww Nifty India Internet ETF, an open‐ended scheme tracking the Nifty India Internet index. The index tracks the performance of 21 stocks from the Nifty Total Market index that conduct business largely through online platforms.
According to the index's factsheet, the index has yielded a return of 25.55 per cent over the past year, till May 30, 2025; however, on a year-to-date (YTD) basis, it has declined 10.66 per cent. Meanwhile, the headline index Nifty 50 has yielded a return of 8 per cent over the past year and 5.9 per cent YTD during the same timeframe.
Among the 21 stocks in the index, Zomato and Blinkit's parent Eternal has a weight of 20.27 per cent, PolicyBazaar's parent PB Fintech has a weight of 16.48 per cent, and Info Edge holds a weight of 15.66 per cent. These three internet-based stocks collectively have a weightage of 52.41 per cent.
Other constituents of the index are Paytm's parent One 97 Communications, Nykaa's parent FSN E-Commerce Ventures, Indian Railway Catering And Tourism Corporation, Angel One, Swiggy, Motilal Oswal Financial Services, and Indiamart Intermesh, among others. These companies derive most of their income from internet-based business models.
The index includes companies from six key sectors - fintech, online travel, e-commerce, stockbroking, digital media, and internet-based retail. "These sectors are increasingly becoming central to India's consumption and service economy," Groww Mutual Fund said in a press release.
Over 83 per cent of the index is constituted of mid- and large-cap stocks. The ETF aims to mirror the performance of its underlying index by investing in the same stocks in similar proportions, though there may be slight differences due to tracking error.
Groww Nifty India Internet ETF NFO
The Groww Nifty India Internet ETF will be open for subscription during its New Fund Offer (NFO) period from June 13 to June 27, 2025. Once the NFO closes, the ETF will be listed on the National Stock Exchange (NSE). Investors can get started with a minimum investment of Rs 500 during the NFO period. The fund will have no exit load.
"This ETF seeks to offer investors diversified exposure to companies driving India's internet-led transformation," said the mutual fund house.
According to the NFO's Scheme Information Document, the scheme intends to allocate not less than 95 per cent of the constituents of the Nifty India Internet index and up to 5 per cent in money market instrument or debt securities.
