| Launch date | NA |
| Allotment date | 11 Oct 2024 |
| End date | NA |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
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 as per your Income Tax slab.
Minimum investment amounts
| Min. for 1st investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
Fund management
Abhishek JainSep 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹857.24Cr |
| 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 ₹857 Cr and the Latest NAV as of 22 Sep 2024 is ₹10.00. The Groww Nifty India Defence ETF FoF Direct Growth is rated NA risk. Minimum SIP Investment is set to ₹100. 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 |
|---|