Groww Launches Nifty PSU Bank ETF: Dive into Banking Fun!

Groww Mutual Fund has just dropped a new investment gem: the Groww Nifty PSU Bank ETF! This fun fund lets you dive into the world of public sector banks in India with a minimum investment of just ₹500. It's all about tracking the performance of government-owned banks, making it easier for you to join the banking party!

Quick rundown

1.Groww launches a new ETF tracking the Nifty PSU Bank Index.

2.The ETF offers exposure to India's public sector banks.

3.Top constituents include State Bank of India and Bank of Baroda.

4.The index trades at a PE of 9.75x, lower than historical averages.

5.PSU banks have seen improved asset quality and profitability.

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