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Why Groww Mutual Fund is launching EV ETF & FOF? Varun Gupta explains
Groww Mutual Fund launched its first ETF and FOF focusing on the EV sector, aiming to capitalize on India's goal to boost EV penetration from 5% to 30% by 2030. CEO Varun Gupta highlighted government policies and rising consumer demand as key growth drivers, alongside potential job creation. ETF offers broader investment opportunities in the EV supply chain.