Groww Nifty EV & New Age Automotive ETF FOF
☆ Add to Watchlist
More Options
Business Overview
The Groww Nifty EV & New Age Automotive ETF FOF is designed for investors looking to tap into the rapidly evolving electric vehicle and new age automotive sector in India. This fund offers exposure to a diversified portfolio of companies leading the charge in innovation and sustainability. With the automotive industry shifting towards greener technologies, this ETF positions investors to benefit from long-term growth trends.
- Focuses on electric vehicle and automotive innovation
- Diversified exposure to leading companies
- Ideal for growth-oriented investors
- Aligns with sustainability trends
- Managed by experienced professionals
Investment Thesis
Investing in the Groww Nifty EV & New Age Automotive ETF FOF offers exposure to a rapidly growing sector backed by a credible promoter group. With the digital services landscape expanding, this ETF is well-positioned for growth. Its attractive valuation compared to peers makes it an appealing choice for retail investors seeking long-term gains.
- Strong promoter group with a proven track record in the financial sector.
- Significant growth potential in the digital services and EV market.
- Attractive valuation metrics compared to industry peers.
- Diversified exposure to new-age automotive companies.
- Aligned with India's push towards sustainable and electric mobility.
Opportunity vs Risk
- Growing EV market in India
- Government incentives for electric vehicles
- Rising consumer demand for sustainability
- Diversified exposure to new-age automotive
- Potential for high long-term returns
- Market volatility in tech sector
- Regulatory changes affecting EVs
- High competition in automotive space
- Dependence on global supply chains
- Fluctuating raw material prices
-
10BusinessHighThe sector is future-ready with a clear model focusing on electric vehicles.
-
10GrowthHighConsistent revenue growth observed, but profit growth is variable.
-
8ProfitabilityHighROE and ROCE are decent, but OCF is inconsistent compared to net profit.
-
10ValuationHighValuation metrics like P/E and P/B are in line with peers.
-
7BalanceHighDebt levels are manageable, but liquidity could be improved.
-
6GovernanceGoodPromoter holding is stable, but there are minor concerns regarding disclosures.
-
9DriversHighStrong growth drivers exist, but execution risks are notable.
-
5TechnicalsGoodMarket sentiment is neutral with moderate liquidity.