About us
Groww Nifty India Defence ETF
ETF
Very High Risk
NFO Opening date
23 Sep 2024
End date
04 Oct 2024
Scheme reopens on
18 Oct 2024
Defence Sector: Backed by India
Increased Production
India's defence production target is projected to triple and reach 3 lakh crores by FY 2029.¹
Expanding Pipeline
The defence sector has an estimated pipeline of $138 billion over FY24 - FY32.²
Rising Exports
Defence export targets to reach ₹5000 crores by FY2029 which is 2.5 times the FY2023-24.³
Increased Budget Allocation
The Interim Budget for FY 2024-25 has allotted an outlay of Rs. 6,21,540.85 crores ($74.8 billion) which is 13.04% of the total budget and 4.72% higher than the Budget for 2023-24.⁴
Supporting Indigenous Production
India’s Defence Production and Export Promotion Policy is driving domestic manufacturing of defence equipment, reducing import dependency, and encouraging local innovation and production⁵
⁶What is Nifty India Defence Index?
The Nifty India Defence Index which aims to track the performance of a portfolio of stocks that broadly represent the Defence theme.
Composition of the Nifty India Defence Index
Industries or those which obtain at least 10% of revenues from the defence industry are eligible to be included in the index. They are chosen based on a 6-month average free-float market capitalization.
Why you may consider Groww Nifty India Defence ETF?⁷
The ETF aims to offer access to India's expanding defence industry by investing in leading defence companies across large, mid, and small caps.
The fund aims to invest in the biggest companies of India's defence by free float market capitalisation and stock weights are capped at 20% each.
Mid & Small cap companies constitute 58% of the index.
The index comprises companies with a strong order book, providing visibility of future cash flows.⁸
ETFs seek to participate in a growing sector and hold more growth potential.⁹
The government supports the sector to promote self-reliance and exports under the AtmaNirbhar Bharat initiative.
Minimum investment amounts
Minimum SIP investment
Not available
Minimum Lumpsum investment
₹500
Expense ratio, exit load and tax
Unit Price
Offer for Sale of Units at 1/100th value of the Nifty India Defence closing Index as on the date of allotment for applications received during the NFO period
Total Expense ratio:
upto 1.00%
Exit load
Nil
Stamp duty on investment: 0.005%
from July 1st 2020
Tax implication:
Returns are taxed at 15%, if you redeem before 1 year. After 1 year, you are required to pay LTCG Tax of 10% on returns of more than ₹1Lakh in a financial year
Fund management
Abhishek JainSep 2024 - PresentView details
Abhishek Jain
Sep 2024
- Present
View details
About
Mr Abhishek Jain has 12 years of experience in Equity Market. Prior to joining GMF he was associated with Edelweiss Tokio Life Insurance as a Senior Dealer. He has also worked in Acko General Insurance and Shriram Asset Management Co Ltd.
Investment objective
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty India Defence in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty India Defence Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Fund benchmark
As per AMFI benchmark, Nifty India Defence Index - Total Return Index
Type of Scheme
An open-ended scheme replicating/tracking Nifty India Defence Index - Total Return Index
Riskometer
This product is suitable for investors who are seeking*
• Long-term capital appreciation
• Investment in equity and equity-related instruments of the Nifty India Defnece Index
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Scheme Riskometer
Investors understand that thier principal will be at Very High Risk
Benchmark Riskometer - Nifty India Defence Index - Total Return Index
The Benchmark is at Very High Risk
*The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Downloads
SID - Groww Nifty India Defence ETF
KIM - Groww Nifty India Defence ETF
Disclaimer
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
#The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Views expressed herein, involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied herein. Stocks/Sectors/Views should not be construed as an investment advice or a research report or a recommendation by Groww Mutual Fund ("the Fund")/Groww Asset Management Limited (AMC) to buy or sell the stock or any other security. The sector(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s).There is no assurance of any returns/capital protection/capital guarantee to the investors in above mentioned Schemes. The investment approach other data mentioned herein are dated and proposed to be followed by the scheme and the same may change in future depending on market conditions and other factors. The AMC/ trustee/ sponsor/group companies shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information.
The "Product" offered by "the issuer" is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of "the Product" or any member of the public regarding the advisability of investing in securities generally or in the "the Product" linked to Groww Nifty India Defence ETF or particularly in the ability of the Nifty India Defence Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty India Defence Index in the Offer Document/Prospectus/Information Statement.
It is to be distinctly understood that the permission given by NSE should not be in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does ot certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the "Disclaimer Clause of NSE".
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
7. Source - Internal research based on NSE and AMFI data, as of July 31, 2024
Min. Lumpsum amount
₹500
