| Launch date | 23 Sep 2024 |
| Allotment date | 11 Oct 2024 |
| End date | 04 Oct 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.21%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Aakash Ashokkumar ChauhanApr 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹1,612.30Cr |
| Date of Incorporation | 10 Apr 2008 |
|---|
Groww Nifty India Defence ETF FoF Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Abhishek Jain is the Current Fund Manager of Groww Nifty India Defence ETF FoF Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,612 Cr and the Latest NAV as of 23 Apr 2025 is ₹10.07. The Groww Nifty India Defence ETF FoF Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. Exit load of 1%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks 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. ;
| Fund benchmark | Nifty India Defence Total Return Index |
|---|
Fund house contact details
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
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