Groww Nifty Next 50 Index Fund Direct-Growth
Equity: Large Cap - Growth (Open ended) Factsheet
NAV: ₹10.68-0.60%
07 Jul 2026
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Tracking error of the Index fund (0.13%) is low
This is a measure of how well an Index fund/ETF has been able to replicate the performance of the benchmark its tracking. As a passive investor, lower tracking error is always better
What is Tracking Error?
Expense ratio of the Index fund (0.49%) is higher than average expense ratio of other Index funds/ETFs (0.43%) tracking NIFTY Next 50 Total Return Index
This measures the relative expense of the index fund/ETF with respect to average expense ratio all index funds/ETFs tracking the same benchmark. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis
Tracking error of the Index fund is lower than average tracking error of other Index funds/ETFs (0.21%) tracking NIFTY Next 50 Total Return Index
This measures the relative tracking error of the Index fund/ETF with respect to average tracking error all index funds/ETFs tracking the same benchmark.
What is Tracking Error?
The Scheme seeks to generate long-term capital growth by investing in securities of the Nifty Next 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Next 50 Index, subject to tracking errors.