NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
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0.00%
NAV as on Datlid , 12:NaN AM
very high risk
sectoral banking
equity
NAV as on Datlid , 12:NaN AM
very high risk
sectoral banking
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
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Last 5Y
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Since Inception
About Groww Nifty PSU Bank ETF-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Nifty PSU Bank ETF-Growth scheme from Groww Asset Management Limited. It is a Sectoral-Banking mutual fund scheme that predominantly invests in Sectoral-Banking stocks of companies. Launched on Apr 2026, Groww Nifty PSU Bank ETF-Growth is Sectoral-Banking fund of its category with 0 fund under management as on Jan 1970. The expense ratio of this fund is less than that of most other Fund category Sectoral-Banking funds.
- Groww Nifty PSU Bank ETF-Growth delivered 0.0% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- Groww Nifty PSU Bank ETF-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The scheme seeks to generate long-term capital growth by investing in securities of the Nifty PSU Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty PSU Bank Index, subject to tracking errors.
Top 0 Holdings
Fund Managers
- Nikhil Satam (Mar 2026 - Present)
- Aakash Ashokkumar Chauhan (Mar 2026 - Present)
- Shashi Kumar (Mar 2026 - Present)
Key Information
View Scheme Document
Groww Nifty PSU Bank ETF-Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Groww Nifty PSU Bank ETF-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Groww Nifty PSU Bank ETF-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Groww Nifty PSU Bank ETF-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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