Groww Nifty India Railways PSU ETF

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Equity Holding : 99.84% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.84%

No of Stocks : 16 (Category Avg - 54.43) | Large Cap Investments : 28%| Mid Cap Investments : 8.29% | Small Cap Investments : 3.25% | Other : 60.3%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	16	77.02
Top 5 Stock Weight	75.14%	36.98%
Top 10 Stock Weight	95.32%	54.12%
Top 3 Sector Weight	60.36%	34.2%

Category - Index Funds/ETFs

Particulars	This Scheme	Category
Average mcap (Cr)	24412.80	112270.48
Holdings in large cap stocks	28%	50.55%
Holdings in mid cap stocks	8.29%	15.75%
Holdings in small cap stocks	3.25%	8.59%

Category - Index Funds/ETFs

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Indian Railway Finance Corporation Ltd.	Financial institution	178.1	18.68%	0.00%	18.94% (Sep 2025)	0% (Oct 2024)	14.44 L	1.89 L
# Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	175.2	18.38%	0.00%	19.11% (Apr 2025)	0% (Oct 2024)	2.44 L	31.89 k
# Container Corporation Of India Ltd.	Logistics solution provider	151.8	15.93%	0.00%	16.43% (May 2025)	0% (Oct 2024)	2.78 L	36.39 k
# Rail Vikas Nigam Ltd.	Civil construction	150.8	15.82%	0.00%	17.49% (May 2025)	0% (Oct 2024)	4.59 L	59.93 k
# National Thermal Power Corporation Ltd.	Power generation	60.3	6.33%	0.00%	8.09% (Feb 2025)	0% (Oct 2024)	1.79 L	23.44 k
# Bharat Electronics Ltd.	Aerospace & defense	57.6	6.04%	0.00%	6.12% (Aug 2025)	0% (Oct 2024)	1.35 L	17.66 k
# IRCON International Limited	Civil construction	44.7	4.69%	0.00%	4.94% (Jun 2025)	0% (Oct 2024)	2.63 L	34.46 k
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	37.4	3.93%	0.00%	4.79% (Feb 2025)	0% (Oct 2024)	1.47 L	19.16 k
# RITES Ltd.	Civil construction	26.6	2.79%	0.00%	2.87% (Aug 2025)	0% (Oct 2024)	1.08 L	14.13 k
# Railtel Corporation of India Ltd.	Other telecom services	26	2.73%	0.00%	2.8% (Jun 2025)	0% (Oct 2024)	70.60 k	9.20 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
# Indian Railway Finance Corporation Ltd.	Financial institution	18.68	178.1	18.68%	0.00%	18.94% (Sep 2025)	0% (Oct 2024)	14.44 L	1.89 L	Other	60.3
# Indian Railway Catering and Tourism Corporation Ltd.	Tour, travel related services	18.38	175.2	18.38%	0.00%	19.11% (Apr 2025)	0% (Oct 2024)	2.44 L	31.89 k	Other	60.3
# Container Corporation Of India Ltd.	Logistics solution provider	15.93	151.8	15.93%	0.00%	16.43% (May 2025)	0% (Oct 2024)	2.78 L	36.39 k	Large Cap	28
# Rail Vikas Nigam Ltd.	Civil construction	23.3	150.8	15.82%	0.00%	17.49% (May 2025)	0% (Oct 2024)	4.59 L	59.93 k	Other	60.3
# National Thermal Power Corporation Ltd.	Power generation	6.33	60.3	6.33%	0.00%	8.09% (Feb 2025)	0% (Oct 2024)	1.79 L	23.44 k	Large Cap	28
# Bharat Electronics Ltd.	Aerospace & defense	6.04	57.6	6.04%	0.00%	6.12% (Aug 2025)	0% (Oct 2024)	1.35 L	17.66 k	Mid Cap	8.29
# IRCON International Limited	Civil construction	23.3	44.7	4.69%	0.00%	4.94% (Jun 2025)	0% (Oct 2024)	2.63 L	34.46 k	Other	60.3
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	3.93	37.4	3.93%	0.00%	4.79% (Feb 2025)	0% (Oct 2024)	1.47 L	19.16 k	Large Cap	28
# RITES Ltd.	Civil construction	23.3	26.6	2.79%	0.00%	2.87% (Aug 2025)	0% (Oct 2024)	1.08 L	14.13 k	Small Cap	3.25
# Railtel Corporation of India Ltd.	Other telecom services	2.73	26	2.73%	0.00%	2.8% (Jun 2025)	0% (Oct 2024)	70.60 k	9.20 k	Other	60.3
# Hindustan Petroleum Corporation Ltd.	Refineries & marketing	1.93	17.2	1.81%	0.00%	1.72% (Jul 2025)	0% (Oct 2024)	36.22 k	4.71 k	Large Cap	28
# Bharat Heavy Electricals Ltd.	Heavy electrical equipment	1.35	12.9	1.35%	0.00%	1.35% (Jun 2025)	0% (Oct 2024)	48.48 k	6.32 k	Mid Cap	8.29
# Steel Authority Of India Ltd.	Iron & steel products	0.78	7.5	0.78%	0.00%	0.83% (Feb 2025)	0% (Oct 2024)	54.61 k	7.17 k	Mid Cap	8.29
# BEML Ltd.	Construction vehicles	0.34	3.2	0.34%	0.00%	0.34% (Aug 2025)	0% (Oct 2024)	734.00	107.00	Small Cap	3.25
# ITI Ltd.	Telecom - equipment & accessories	0.12	1.2	0.12%	0.00%	0.13% (May 2025)	0% (Oct 2024)	3.58 k	431.00	Small Cap	3.25
# Mangalore Refinery & Petrochemicals Ltd.	Refineries & marketing	1.93	1.1	0.12%	0.00%	0.11% (Mar 2025)	0% (Oct 2024)	6.72 k	858.00	Mid Cap	8.29

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Indian Railway Finance Corporation Ltd.	18.68%	18.94%	18.54%	18.66%	18.94%	18.86%	18.75%	18.77%	18.22%	-	-	-	-
Indian Railway Catering and Tourism Corporation Ltd.	18.38%	18.13%	18.34%	17.82%	17.63%	17.33%	19.11%	18.53%	18.36%	-	-	-	-
Rail Vikas Nigam Ltd.	15.82%	16.54%	15.09%	16.08%	16.88%	17.49%	16.74%	16.86%	17.12%	-	-	-	-
Container Corporation Of India Ltd.	15.93%	15.55%	15.97%	16.21%	15.66%	16.43%	15.65%	16.10%	15.60%	-	-	-	-
National Thermal Power Corporation Ltd.	6.33%	6.47%	7.18%	6.79%	6.25%	6.27%	7.39%	7.47%	8.09%	-	-	-	-
Bharat Electronics Ltd.	6.04%	5.80%	6.12%	5.88%	5.94%	5.45%	4.95%	4.75%	4.83%	-	-	-	-
IRCON International Limited	4.69%	4.78%	4.59%	4.70%	4.94%	4.73%	4.19%	4.31%	4.19%	-	-	-	-
Oil & Natural Gas Corporation Ltd.	3.93%	3.73%	4.20%	4.01%	3.73%	3.68%	4.17%	4.21%	4.79%	-	-	-	-
RITES Ltd.	2.79%	2.83%	2.87%	2.80%	2.81%	2.82%	2.54%	2.53%	2.49%	-	-	-	-
Railtel Corporation of India Ltd.	2.73%	2.79%	2.52%	2.61%	2.80%	2.65%	2.18%	2.23%	2.23%	-	-	-	-
Hindustan Petroleum Corporation Ltd.	1.81%	1.71%	1.67%	1.72%	1.66%	1.56%	1.60%	1.52%	1.54%	-	-	-	-
Bharat Heavy Electricals Ltd.	1.35%	1.23%	1.24%	1.31%	1.35%	1.32%	1.28%	1.22%	1.26%	-	-	-	-
Steel Authority Of India Ltd.	0.78%	0.78%	0.79%	0.77%	0.75%	0.74%	0.72%	0.73%	0.83%	-	-	-	-
BEML Ltd.	0.34%	-	-	-	-	-	-	-	-	-	-	-	-
Bharat Earth Movers Ltd.	-	0.32%	0.34%	0.32%	0.34%	0.32%	0.27%	0.27%	0.26%	-	-	-	-