NFO Alert: Groww Mutual Fund Launches Nifty Metal ETF, How It Will Help Invest In Steel, Aluminium, Copper?

NFO Alert: Groww Mutual Fund has recently launched a new fund offer (NFO) for investors to get exposure into metal and mining companies dealing with the extraction and supply of steel, copper, aluminium and other metals. The ETF will allow investors to indirectly invest in metal and mining companies via exchange traded funds, ie (ETFs).

The Nifty Metal ETF, by Groww, will track Nifty Metal Index-Total Return Index. The scheme, according to the firm give a way to invest in India's metal and mining firms via ETF products. Here are all the details about the NFO.

What is ETF?

An ETF, known as Exchange Traded Funds (ETFs) is a mutual fund scheme that trades like a stock on a stock exchange, unlike mutual funds that can be purchased from platforms. ETF investment holds a collection of assets like stocks, bonds, or commodities and trades on a stock exchange.

Groww Nifty Metal ETF Launch Date

The ETF was launched on 3 December 2025, and will remain open till 17 December. The NFO will accept investments until its closing date. The ETF will mirror the trajectory of Nifty Metal TRI by holding the same stocks in similar weights, while allowing for normal tracking error.

Groww Nifty Metal ETF Sector Exposure and Index Composition

The Nitty Metal ETF tracks Nifty Metal TRI. It includes firms associated in the mining, processing and manufacturing of metals. These cover steel, aluminium, copper, zinc and iron ore. Such materials support India's infrastructure, housing, transport and manufacturing growth, linking the index to core economic activity.

The index includes Tata Steel, Hindalco, JSW Steel, Vedanta, Adani Enterprises etc. As per the NSE data, till December 5, Tata Steel remained as the biggest constituents Nifty Metal TRI.

Key Features Of NFO

Investors can invest in the NFO at a minimum amount of Rs 500 without any exit load. The NFO is managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar for this passive exchange-traded product.

For investors looking at a sector-specific approach, Groww Nifty Metal ETF offers a way to track India's listed metal and mining majors through an index-based strategy. Returns will depend on market conditions in the metals cycle, government policy, and demand from construction, transport and manufacturing.

According to a report by Zerodha Fund House, ETFs' Asset Under Management (AUM) has grown by nearly 5.5 times in five years. Growing popularity of ETF instruments during the period coincided with the introduction of multiple products in the category like silver ETFs, gold ETFs, etc.