NFO Alert: Groww Mutual Fund launches ETF tracking the Nifty India Internet Index
The Groww Nifty India Internet ETF provides long-lasting financiers a transparent, rules-based, and affordable method to tap into the internet sector’s growth. It aims to mirror the index’s efficiency by holding its constituents in similar percentages, subject to tracking error.
Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflowsThe Nifty India Internet Index, which functions as the underlying benchmark, currently consists of 21 noted companies. It looks for to represent companies that obtain a considerable portion of their revenues from internet-based company models. The index is totally free float market capitalization-weighted with a cap of 20% per constituent and is rebalanced quarterly and reconstituted semi-annually, guaranteeing it remains responsive to market developments.The index composition spans throughout six broad sectors: e-retail and e-commerce (36%), monetary innovation (26%), internet-enabled retail (19%), stockbroking (8%), digital travel (10%), and online media (1.5%). Over 83% of the portfolio is made up of mid and large-cap stocks. The index has kept a dynamic profile, with routine additions and exemptions reflecting the developing web economy.Performance-wise, since Might 31, 2025, the Nifty India Web Index provided a 1-year CAGR of 25.94% and a 3-year CAGR of 22.55%. It likewise posted a Sharpe ratio of 2.73 (1-year) and 2.63 (3-year), suggesting risk-adjusted returns compared to traditional indices like the Nifty 50 and Nifty 500.
