Groww Mutual Fund has introduced a new passive scheme, the Groww Nifty Metal ETF, offering investors exposure to India’s metals and mining sector. The new fund offering (NFO) will remain open till December 17.

The ETF is designed to replicate the Nifty Metal Index – Total Return Index (TRI) by investing in its constituent stocks in similar proportions, subject to tracking error.

The index comprises companies engaged in mining, processing, and manufacturing metals such as steel, aluminium, copper, zinc and iron ore, which are central to India’s industrial and infrastructure activity.

According to NSE data as of December 2, 2025, the index’s top constituents by weight include Tata Steel (18.82%), Hindalco Industries (15.85%), JSW Steel (14.76%), Vedanta (12.39%) and Adani Enterprises (7.9

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