Groww Nifty India Defence ETF Review – Groww Nifty India Defence ETF Review Direct NFO Open on 23 September 2024 and Close on 04 October 2024. Groww Nifty India Defence ETF Direct NFO Allotment Date is 11 October 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹500. The Minimum SIP Investment Amount is 100.
Type of the Scheme
An open-ended scheme replicating/tracking Nifty India Defence IndexTotal Return Index.
Scheme Benchmark : Nifty India Defence Index – Total Return Index – The Trustees have adopted Nifty India Defence Index as the benchmark index. As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index. Thus, the composition of the aforesaid benchmark index is such that it is most suited for comparing performance of the Scheme.
The Trustees reserves right to change benchmark in future for measuring performance of the Scheme subject to SEBI Mutual Fund Regulations, 1996 and circulars issued by SEBI from time to time
Groww Nifty India Defence ETF Scheme Benchmark
| Company | Weightage |
|---|---|
| Bharat Electronics Ltd. | 20.22 |
| Hindustan Aeronautics Ltd. | 18.23 |
| Solar Industries India Ltd. | 15.79 |
| Cochin Shipyard Ltd. | 8.07 |
| Mazagoan Dock Shipbuilders Ltd. | 7.73 |
| Bharat Dynamics Ltd. | 7.19 |
| Data Patterns (India) Ltd. | 5.11 |
| Astra Microwave Products Ltd. | 4.61 |
| Zen Technologies Ltd. | 3.78 |
| Garden Reach Shipbuilders & Engineers Ltd. | 3.25 |
Groww Nifty India Defence ETF Important Date
| Scheme Offer | Groww Nifty India Defence ETF |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 23 Sep 2024 |
| Close Date | 04 Oct 2024 |
| Allotment Date | 11 Oct 2024 |
| Category | Other Schemes - Exchange Traded Fund (ETF) |
| Min Inv ₹ | 500 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty India Defence Index - Total Return Index |
Investment Objective of the Scheme ?
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.
Groww Nifty India Defence ETF Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | Exit load of 1%, if redeemed within 30 days. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 500 |
| Min. SIP | Rs. 100 |
Groww Nifty India Defence ETF Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Constituents of Nifty India Defence Index | 95% | 100% |
| Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. Abhishek Jain
Qualification : BA, Chartered Accountant
Experience : 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.
Groww Nifty India Defence ETF Sector Representation
| Sector | Weightage |
|---|---|
| Capital Goods | 84.21 |
| Chemicals | 15.79 |
Groww Nifty India Defence ETF Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -4.87 | 65.94 | 115.46 | 58.35 | 35.21 |
| Total Return | -4.75 | 66.80 | 116.91 | 60.46 | 37.15 |
Where Will the Scheme Invest ?
- Equity and Equity related instruments constituting the Nifty India Defence Index in the similar proportion (weightage) as in the Index and endeavour to track the benchmark index including equity derivatives for nonhedging purpose upto 50%.
- Debt securities and Money Market Instruments (including reverse repos, Commercial Deposit, Commercial Paper, Treasury Bills and Tri-Party Repos) permitted by SEBI/RBI or in alternative investment for the call money market as may be provided by RBI to meet the liquidity requirements.
- Derivatives including Index Futures, Stock Futures, Index Options, Stock Options etc. and such other derivative instruments permitted under Regulations.
- Mutual Fund units
- Any other instruments as may be permitted by RBI/SEBI under prevailing laws from time to time.
Also Read: Mirae Asset Nifty Metal ETF Review
Groww Nifty India Defence ETF Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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