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Groww MF's Nifty PSU Bank ETF: Invest Like a Boss

Groww MF's Nifty PSU Bank ETF: Invest Like a Boss

Yo, listen up! Groww MF just dropped the Groww Nifty PSU Bank ETF, ready to roll with the Nifty PSU Bank Index. For just ₹500, you can vibe with India’s state-run banks, keepin' it smooth in the credit game. No exit load, just chill while the fund managers do their thing, fo' shizzle!

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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