Why consider the Groww Nifty Midcap 150 ETF?
Seeks exposure to India’s diversified mid-cap segment
The Groww Nifty Midcap 150 ETF aims to track the Nifty Midcap 150 Index and provide a convenient option to gain exposure to India’s diverse mid-cap segment.
Aims to capture India’s growing and transforming mid cap segment
About 30 percent of today’s large cap companies were mid caps in the last 5 years indicating the potential for growth over the long-term.
Aims to benefit from improving fundamentals
The constituents within the Nifty Midcap 150 Index have witnessed business expansion and shown improvement in the revenue and profitability – strengthening the segment.
Exposure to market with reasonable valuation
The current Price-to-Earnings (P/E) ratio of the index at around 34.2, is below its 5-year average of 39.5, indicating relatively attractive valuations.
Seeks to provide real-time market access
Units of the ETF can be bought and sold on stock exchanges during trading hours, providing liquidity, transparency, and convenience similar to equity shares.
The Groww Nifty Midcap 150 ETF aims to track the Nifty Midcap 150 Index and provide a convenient option to gain exposure to India’s diverse mid-cap segment.
Aims to capture India’s growing and transforming mid cap segment
About 30 percent of today’s large cap companies were mid caps in the last 5 years indicating the potential for growth over the long-term.
Aims to benefit from improving fundamentals
The constituents within the Nifty Midcap 150 Index have witnessed business expansion and shown improvement in the revenue and profitability – strengthening the segment.
Exposure to market with reasonable valuation
The current Price-to-Earnings (P/E) ratio of the index at around 34.2, is below its 5-year average of 39.5, indicating relatively attractive valuations.
Seeks to provide real-time market access
Units of the ETF can be bought and sold on stock exchanges during trading hours, providing liquidity, transparency, and convenience similar to equity shares.
(source: growwmf.in)
Groww Nifty Midcap 150 Index Fund NFO Scheme Details:
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Midcap 150 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Midcap 150 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
| Mutual Fund | Groww Mutual Fund |
| Scheme Name | Groww Nifty Midcap 150 Index Fund |
| Objective of Scheme | The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Midcap 150 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Midcap 150 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Index Funds |
| New Fund Launch Date | 28 Oct 2025 |
| New Fund Earliest Closure Date | 11 Nov 2025 |
| New Fund Offer Closure Date | 11 Nov 2025 |
| Indicate Load Separately | Nil |
| Minimum Subscription Amount | Rs.500/- and in multiples of Re. 1 thereafter |
| For Further Details Please Visit Website | https://www.growwmf.in |
(source: https://www.amfiindia.com/)
Groww Nifty Midcap 150 Index Fund NFO
Application Form
Scheme Documents
(source: axismf.com)
Groww Nifty Midcap 150 Index Fund NFO Riskometer:
(source: axismf.com)