IB23-Groww Nifty EV & New Age Automotive ETF

Portfolio Structure & Asset Allocation Analysis

IB23-Groww Nifty EV & New Age Automotive ETF is a ETF scheme managed by Groww MF Mutual Fund. As of disclosures dated Oct 2025, the scheme holds 37 equity positions with an estimated equity AUM of ₹₹276 Cr. The portfolio is anchored by its top conviction bet on Maruti Suzuki India, which commands a weight of 7.97%of the fund's total assets.

From a sector allocation perspective, the fund managers have concentrated their largest bet on Automobiles, representing 33.43% of the equity portfolio. This is followed by Auto Components (29.64%) and Chemicals & Petrochemicals (8.12%). Under SEBI's guidelines and based on its underlying assets, this scheme carries a Very High Risk risk classification.