ReviewDirect · GrowthPrefer peers first
Groww Nifty India Railways PSU Index Fund
Groww Mutual FundIndex Funds - Equity Funds1.7 years
The scheme seeks to generate long term capital growth by investing in securities of the Nifty India Railways PSU Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty India Railways PSU Index, subject to tracking errors.
- NAV
- 6.8318
- 29 Oct 2026
- 1Y
- -29.6%
- Trailing CAGR
- AUM
- ₹62.1 Cr
- 30 Sept 2026
- Volatility
- High
- 23.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Aditya Birla Sun Life BSE 500 Quality 50 Index Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
1.7 years - thin for judging consistency.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.72% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -38.9%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Shashi Kumar · 1.5 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 93.5% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 39%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-29.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI-19.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-32.3%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- -19.2%
- Calendar-day CAGR
- Excess 1Y
- -23.2%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -38.9%
- Worst peak-to-trough
- Current
- -37.6%
- Below last peak
- Current spell
- 507 days
- Days below latest peak
- Time below peak
- +98%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 23 days
- 3 recovered episodes
- Longest recovery
- 51 days
- Trough to prior peak
9 Jun 2025 – open
Trough 23 Oct 2026 · not recovered
-38.9%
7 Feb 2025 – 23 Apr 2025
Trough 3 Mar 2025 · recovered in 51 days
-14.0%
23 Apr 2025 – 15 May 2025
Trough 9 May 2025 · recovered in 6 days
-9.5%
19 May 2025 – 4 Jun 2025
Trough 23 May 2025 · recovered in 12 days
-3.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
0
Consistency
0
Risk-adjusted
0
Drawdown
3
Mean
1
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Maximum drawdown exceeded 35%.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 17 holdings · top 10 are 93.5%.
- Top 5
- 74.7%
- Top 10
- 93.5%
- Largest holding
- 20.1%
- Effective holdings
- 7.5
Indian Railway Finance Corporation Ltd
Financial
20.1%
Container Corporation Of India Ltd
Industrials
18.8%
Indian Railway Catering & Tourism Corporation Ltd
Industrials
16.7%
Rail Vikas Nigam Ltd
Industrials
13.9%
NTPC Ltd
Energy & Utilities
5.3%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
25 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
18 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
17 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
15 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -3.9%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.31
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Nifty 50 Equal Weight index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -6.1%
- 3Y
- +11.1%
- Vol
- 13.7%
- Max DD
- -18.0%
- Sharpe
- 0.45
- 3Y win
- +28%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Nifty Midcap 150 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -4.0%
- 3Y
- +13.8%
- Vol
- 16.7%
- Max DD
- -21.2%
- Sharpe
- 0.69
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis BSE Sensex Index Fund
Axis Mutual Fund
- 1Y
- -11.9%
- 3Y
- n/a
- Vol
- 13.5%
- Max DD
- -16.0%
- Sharpe
- -0.23
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Nifty 500 Index Fund
Axis Mutual Fund
- 1Y
- -7.9%
- 3Y
- n/a
- Vol
- 14.0%
- Max DD
- -18.6%
- Sharpe
- -0.47
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns