Groww Nifty India Railways PSU Index Fund
This is the Regular plan of Groww Nifty India Railways PSU Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★☆☆☆☆1/5 vs 322 of 373 Index Funds peers1Y- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 322 of the 373 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
Not enough Index Funds peers to rank yet
Volatility 23.3% vs 12.3% category avg
1.2% expense vs 1.0% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- Trails the Index Funds average on 1M/3M/6M/1Y — 1Y by 26.04pp
- Ranks #322 of 322 on 1-year return in its Index Funds cohort
- More volatile than its Index Funds peers (23.3% vs 12.3%)
- High expense ratio (1.18%) vs the Index Funds average of 0.96%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Index Funds)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -7.30% | -4.54% | -2.76% |
| 3M abs | -11.57% | -2.96% | -8.61% |
| 6M abs | -10.69% | +5.30% | -15.99% |
| 1Y CAGR | -26.46% | -0.42% | -26.04% |
| 3Y CAGR | — | +8.54% | — |
| 5Y CAGR | — | +8.02% | — |
Category average across peers in Index Funds (365 of 373 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 373 peers in Index Funds
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Groww Nifty India Railways PSU Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -26.60% | -7.18% | -19.42% | |
| 2025part | -3.01% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity100.16%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹52.76Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Groww Mutual Fund is the asset management arm of the Groww investing platform, which acquired Indiabulls Mutual Fund in 2023 and rebranded it. The house leans towards low-cost index and passive schemes alongside a small active line-up.
Fund Managers
NSNikhil SatamStart date not disclosed
B. Com & Masters in Finance (MFM)
Mr. Nikhil Satam has over 11 years of work experience in the financial services industry. Since FOF June 2023, he has been working as an Equity dealer in existing equity schemes of Groww Asset Management Ltd. (Groww AMC), wherein he handles all active and passive scheme dealings. Additionally, he is also working as a backup Fund Manager for passive schemes. Prior to joining Groww AMC, he was associated with Groww Invest Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd). Earlier, he worked with Motilal Oswal and Kotak Securities as an Equity Dealer.
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SKShashi KumarStart date not disclosed
PGDBM & BBA
Mr. Shashi Kumar has an overall 18 years of experience in the Insurance Sector. Prior to joining Groww Asset Management Ltd., he was associated with Bharti Axa Life Co. Ltd. & Canara HSBC Life Insurance Co. Ltd.
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ACAakash ChauhanStart date not disclosed
MBA in Finance
Mr. Aakash Ashokkumar Chauhan has an overall 8 years of experience in the Financial Sector. Prior to joining Groww Asset Management Ltd., he was associated with Trust Mutual Fund, Mirae Asset Capital Markets (India) Pvt Ltd. & BP Wealth Pvt Ltd. The above mentioned details include name of this Scheme
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Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Index funds & ETFs
Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.
Frequently asked questions
What is the NAV of Groww Nifty India Railways PSU Index Fund?
As of 01 Oct 2026, the NAV of Groww Nifty India Railways PSU Index Fund is ₹7.02 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Groww Nifty India Railways PSU Index Fund delivered?
Groww Nifty India Railways PSU Index Fund has returned -26.46% over 1 year and -18.66% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Groww Nifty India Railways PSU Index Fund?
Groww Nifty India Railways PSU Index Fund charges an expense ratio of 1.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Groww Nifty India Railways PSU Index Fund?
Groww Nifty India Railways PSU Index Fund's largest holdings are Container Corporation of India Limited (20.1%), Indian Railway Finance Corporation Ltd (18.9%), Indian Railway Catering & Tourism Corp (16.5%), Rail Vikas Nigam Limited (13.5%) and NTPC Limited (5.3%). Holdings are disclosed monthly and change over time.
How risky is Groww Nifty India Railways PSU Index Fund?
Groww Nifty India Railways PSU Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.3% and its worst peak-to-trough fall in our sample was -35.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Groww Nifty India Railways PSU Index Fund?
Groww Nifty India Railways PSU Index Fund is benchmarked against the Nifty India Railways PSU Index - TRI. Its alpha and beta on this page are measured against that index.
Who manages Groww Nifty India Railways PSU Index Fund?
Groww Nifty India Railways PSU Index Fund is managed by Nikhil Satam, Shashi Kumar and Aakash Chauhan at Groww.
How is Groww Nifty India Railways PSU Index Fund taxed?
Groww Nifty India Railways PSU Index Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.