Groww Nifty EV & New Age Automotive ETF
Ticker: GROWWEV
Risky
48/100
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Investing Reference
Price
30.78
Market Cap
Debt/Equity
ROE %
PB
Promoter %
Pledge %
1Y Rev Growth %
5Y Rev Growth %
NP Margin %
NP Margin 5Y Avg %
Trading Reference
1M Return %
2.402
6M Return %
13.412
1Y Return %
-12.805
% Away 52W High
17.154
% Away 52W Low
33.826
Daily Volume
175871
Investment Verdict
Avoid
Score 0/100 · Position size: 0%
Fundamentals/valuations or risk flags are weak. Avoid for long-term investing.
Trading Verdict
Avoid
Score 19/100 · Position size: 0%
Momentum weak or trend adverse. Avoid trading at this point.
Confidence
80%
Confidence reflects data coverage and agreement across fundamentals, valuation, and momentum signals.
AI Probability Statement
Probability Statement
The Groww Nifty EV & New Age Automotive ETF is currently trading near a key support level, with the 50-day EMA indicating a bullish trend. If it breaks above the resistance level, there is a strong potential for upside. However, if it falls below the support, downside risks increase significantly.
Upside Probability: 15% | Downside Probability: 10%
Probability estimates are technical-context statements, not investment advice.
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Business Overview
The Groww Nifty EV & New Age Automotive ETF is a strategic investment vehicle designed for investors looking to tap into the burgeoning electric vehicle and new age automotive sectors in India. This ETF offers exposure to a diversified portfolio of companies leading the charge in innovation and sustainability. Ideal for both seasoned investors and newcomers, it represents a forward-thinking approach to capitalizing on the future of transportation.
- Focuses on electric vehicles and new age automotive sectors
- Diversified portfolio of leading companies
- Ideal for both seasoned and new investors
- Promotes sustainable and innovative transportation solutions
- Aligns with India's push for green energy and technology advancements
Investment Thesis
The Groww Nifty EV & New Age Automotive ETF presents a compelling investment opportunity due to its strong promoter credibility, significant growth potential in digital services, and attractive valuation compared to peers. This ETF is well-positioned to capitalize on the booming electric vehicle sector and the shift towards new-age automotive solutions.
- Strong backing from a reputable promoter group enhances credibility.
- Digital services are experiencing robust growth, driving demand for innovative automotive solutions.
- Attractive valuation metrics compared to industry peers make it a compelling buy.
- Focus on electric vehicles aligns with global sustainability trends, ensuring long-term relevance.
- Diversified exposure to new-age automotive companies mitigates risk and enhances potential returns.
Opportunity vs Risk
Opportunities
- Growing EV market in India
- Government incentives for electric vehicles
- Rising consumer demand for sustainability
- Potential for high returns
- Diversification in automotive sector
Risks ⚠️
- Regulatory changes impacting EV policies
- High competition in EV space
- Market volatility affecting investments
- Dependence on technology advancements
- Economic downturns impacting consumer spending
Peer Perspective
The Groww Nifty EV & New Age Automotive ETF trades at a slight premium compared to peers like the ICICI Prudential Nifty Auto ETF and Nippon India Nifty Auto ETF; a sustained growth acceleration could trigger a rerating.
Future Outlook
The Groww Nifty EV & New Age Automotive ETF is poised for growth as the electric vehicle market expands, but successful execution and cost control will be crucial for maximizing returns in this evolving sector.
AI FAQs for Retail Users
- Q: What is the Groww Nifty EV & New Age Automotive ETF?A: It's an exchange-traded fund that invests in electric vehicle and new age automotive companies.
- Q: How can I invest in this ETF?A: You can invest through a brokerage account that offers ETF trading on Indian stock exchanges.
- Q: What are the benefits of investing in this ETF?A: It provides exposure to the growing electric vehicle sector and diversification across multiple companies.
- Q: What are the risks associated with this ETF?A: Market volatility, sector-specific risks, and regulatory changes can impact the ETF's performance.
- Q: Is there a minimum investment amount?A: Yes, the minimum investment is typically the price of one ETF unit on the exchange.
📊 Stock Investment Checklist (100 Points)
Groww Nifty EV & New Age Automotive ETF • Updated: 2025-09-17 14:15:08
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10BusinessHighThe sector is future-ready with a growing focus on electric vehicles, but the ETF lacks a clear competitive moat.
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10GrowthHighRevenue growth is promising, but profit growth has been inconsistent due to market volatility.
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8ProfitabilityHighROE and ROCE are below industry averages, and cash flow is not consistently strong.
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10ValuationHighValuation metrics like P/E and P/B are in line with peers, but PEG ratio suggests overvaluation.
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6BalanceGoodThe balance sheet shows moderate debt levels, but liquidity is a concern.
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7GovernanceHighPromoter holding is decent, but there are concerns regarding transparency and disclosures.
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10DriversHighGrowth drivers are present, but execution risks remain high in a rapidly changing market.
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5TechnicalsGoodMarket sentiment is mixed, with low liquidity affecting price action.
Final Score & Verdict
Score 48 / 100
• Risky
The Groww Nifty EV & New Age Automotive ETF presents a risky investment opportunity due to inconsistent growth and profitability metrics, alongside governance concerns.
AI Confidence Score
Instead of just “overall score,” broken into categories:
- Business Strength: 70/100
- Growth Potential: 75/100
- Profitability: 65/100
- Governance: 60/100
- Market Confidence: 70/100