Best EV ETF in India
The EV sector has recently gained potential growth because of the government’s efforts and visions for a sustainable future. So EV sector-related investments have gained the investors’ eyes in the last few years because of the positive performance of EV companies in India. So today we will see the best EV ETF in India (2024). However, choosing the best EV mutual fund depends on considering various factors like risk tolerance, time horizon, etc.
Investors planning long-term wealth creation through index funds can also explore SIP planning strategies and estimate future returns using a SIP Calculator before investing in NFOs or mutual funds.
Best electric vehicle Mutual Funds India
1. Groww Nifty Ev & New Age Automotive ETF
|
Fund House Name |
Groww Mutual Fund |
|
Launch Date |
Aug 2024 |
|
Expense Ratio |
0.47 |
|
Exit Load |
1% if redeemed within 30 days from the allotment date. |
|
AUM |
Rs.857.24 Cr (as of 30 Jun 2024) |
|
Benchmark |
Nifty EV and New Age Automotive Index-TRI |
|
Minimum Investment |
Rs.500. |
|
Risk |
Very High |
|
1 Year Returns |
-11.44% |
Asset Allocation
|
Equity |
101.1% |
|
Cash |
-1.1% |
2. Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Direct-Growth
Return/Risk: The fund's performance falls short of that in its category.
|
Fund House Name |
Mirae Asset Mutual Fund |
|
Launch Date |
Aug 2022 |
|
Expense Ratio |
0.23 |
|
Exit Load |
1% if redeemed within 365 days. |
|
AUM |
Rs.65 Cr |
|
Benchmark |
Solactive Autonomous & Electric Vehicles TRI |
|
Minimum Investment |
Temporarily unbuyable |
|
Risk |
Very High |
|
1 yr Returns |
13.32% |
Asset Allocation
|
Equity |
99.39% |
|
Other |
0.61% |
Conclusion
Summing this up, Groww Nifty EV & New Age Automotive ETF and Mirae Asset Global Electric & Autonomous Vehicles ETF FoF are top EV-focused funds in India with variable returns and risks. Both the funds pose relatively high risks but the late performance of the fund, Mirae Asset has gone better. Compare your level of risk and your financial goals with these funds before investing in either.
Disclaimer
This blog is NOT any buy or sell recommendation. No investment advice is given. This blog is solely intended for educational and informational reasons. The information provided in this blog is current as of October 29, 2024, and may change over time. Before making any financial investments, investors should conduct research and speak with their financial experts.
