Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The ETF aims to replicate the performance of the Nifty India Railways PSU Index – TRI, which includes public sector companies that play a vital role in the railway sector, spanning infrastructure, financial services, logistics, and technology.
Indian Railways is a critical component of India’s transportation and logistics infrastructure, with a vast network that includes over 7,300 stations and handles 6.7 billion passengers annually.
The sector also accounts for 27% of the country’s freight movement. Currently undergoing significant modernisation, Indian Railways benefits from a record ₹2.52 lakh crore in government capital expenditure for FY 2024-25.
Key initiatives include upgrades to rolling stock, station redevelopments, high-speed rail projects, and a shift towards renewable energy solutions such as solar installations.
Varun Gupta, CEO of Groww Mutual Fund,
said that Indian Railways is integral to the nation’s infrastructure and economic growth.
He emphasised that the Groww Nifty India Railways PSU ETF presents investors with a chance to participate in a sector that is fundamental to India’s development and economic expansion.
The ETF tracks the Nifty India Railways PSU Index – TRI, which gives investors exposure to both core and non-core PSUs within the railways sector.
These include companies in construction (26.45%), financial services (17.76%), and consumer services (17.54%). The ETF’s portfolio is heavily weighted towards mid-cap stocks (54.61%), which are believed to offer significant long-term growth potential.
Indian Railways not only supports industries such as steel, cement, and manufacturing but also generates millions of jobs and stimulates economic activity across various sectors. As a key player in India’s $5 trillion economy vision, Indian Railways connects industrial hubs, shortens transit times, and boosts exports through transformative initiatives such as PM Gati Shakti.
Performance data indicates that the Nifty India Railways PSU Index has outperformed the Nifty 500 Index, reflecting the strong growth prospects of the sector.
However, past performance is not an indicator of future returns, and investors should consult their financial advisors before making any investment decisions.
First Published: Jan 10, 2025 5:31 PM IST
