Context:
Groww Mutual Fund has introduced the Groww Nifty India Internet ETF, India’s first exchange-traded fund (ETF) designed to track the Nifty India Internet Index (TRI). The fund aims to offer investors exposure to India’s fast-growing internet-based companies.
What Is the Groww Nifty India Internet ETF?
- A cost-effective ETF designed to track the Nifty India Internet Index
- Provides exposure to 21 listed companies generating significant online revenue
- Offers access to high-growth sectors like e-commerce, fintech, digital travel, and more
Key Features
- Index Tracked: Nifty India Internet Index (TRI), which comprises 21 companies engaged in online businesses like e-commerce, fintech, travel, food delivery, and digital content.
- NFO Period: Open from 13 June 2025 to 27 June 2025.
- Minimum Investment: ₹500, and in multiples of ₹1 thereafter.
Government Support
- Digital India, IndiaAI Mission, and Digital Public Infrastructure
- 6x increase in MeITY budget over 7 years
- India now ranks just behind the US and China in digital ecosystem scale
