Groww Mutual Fund launches India’s First ETF tracking Nifty India Internet Index

Groww Mutual Fund has announced the launch of the Groww Nifty India Internet ETF, India’s first exchange-traded fund tracking the Nifty India Internet Index – TRI.
The New Fund Offer (NFO) will open on June 13 and will close on June 27. The ETF aims to give investors exposure to companies that are part of India’s growing internet economy.
The scheme seeks to invest in businesses that operate primarily online, including e-commerce, fintech, digital payments, stockbroking, online travel, and internet media.

The underlying benchmark, the Nifty India Internet Index, consists of 21 listed companies as of May 31, 2025. The index follows a free float market capitalization-weighted methodology, with a 20% cap on each constituent. It is rebalanced quarterly and reconstituted semi-annually.

The index includes six main sectors:
E-retail and e-commerce (~36%)
Financial technology (~26%)
Internet-enabled retail (~19%)
Digital travel (~10%)
Stockbroking (~8%)
Online media (~1.5%)
Over 83% of the index portfolio comprises mid and large-cap companies.