Description

NSE notifies listing of 657,471 units of Groww Nifty PSU Bank ETF (symbol: GROWWPSUBK) issued by Groww Asset Management Limited, effective March 27, 2026.

Summary

NSE has notified the listing of units issued by Groww Asset Management Limited under the Groww Nifty PSU Bank ETF scheme. The units will be admitted to dealings on the NSE Capital Market segment effective March 27, 2026, under the symbol GROWWPSUBK. A total of 657,471 units with face value of Rs. 10/- each have been allotted.

Key Points

  • Symbol: GROWWPSUBK
  • ISIN: INF666M01OG2
  • Scheme: Groww Nifty PSU Bank ETF (Groww Mutual Fund)
  • Units listed: 657,471 units of Rs. 10/- each
  • Issue price: Rs. 83.66 per unit
  • Face value / Paid-up value: Rs. 10/- per unit
  • Market lot: 1 unit
  • Date of allotment: March 24, 2026
  • Market makers: East India Securities (TM: 08134), Kanjalochana Finserve Pvt Ltd (TM: 90246), Irage Broking Services LLP (TM: 90068), Parwati Capital Market Pvt Ltd (TM: 11890)

Regulatory Changes

No regulatory changes. This is a standard listing notification under Regulation 3.1.1 and Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A, governing admission of securities and lot sizes respectively.

Compliance Requirements

  • Trading members must use the designated security code GROWWPSUBK for all trades in this ETF.
  • Trading must be conducted in the specified lot size of 1 unit.
  • Market makers listed in the annexure are responsible for providing liquidity.

Important Dates

  • Date of allotment: March 24, 2026
  • Effective listing date: March 27, 2026
  • Circular date: March 25, 2026

Impact Assessment

This is a routine new ETF unit listing with limited market-wide impact. The Groww Nifty PSU Bank ETF tracks PSU bank stocks and provides investors an additional instrument for exposure to the public sector banking segment. With four market makers designated, liquidity support is in place. The relatively modest unit count (657,471) and low market lot size (1 unit) suggest this is accessible to retail investors. Impact is confined to participants interested in PSU bank sector ETF products.

Impact Justification

Routine ETF unit listing notification with no systemic market impact; affects only participants trading in this specific Groww Nifty PSU Bank ETF.