September 24, 2024
mayank
Groww Nifty India Defence ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Groww Nifty India Defence ETF Open Date, Close Date?
NFO opens on September 23, 2024
NFO will close on October 04, 2024
What is the Investment Strategy?
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.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 23 September 2024 |
| Issue Close | 04 October 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 500 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty India Defence TRI |
What is the Benchmark Index of Groww Nifty India Defence ETF?
NSE Indices has developed the Nifty India Defence Index which aims to track the performance of portfolio of stocks that broadly represent the Defence theme. From the Nifty Total Market index, stocks forming part of eligible basic industries or those which obtain at least 10% of revenues from the defence industry are eligible to be included in the index and are chosen based on 6 month average free-float market capitalisation. The weight of the stocks in the index is based on their free-float market capitalization. Stock weights are capped at 20% each.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty India Defence Total Returns Index
Past Performance of Benchmark Index
| Index Returns (%) | 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 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 33.24 | 27.60 | 26.25 |
| Beta (NIFTY 50) | 1.41 | 0.79 | 0.81 |
| Correlation (NIFTY 50) | 0.56 | 0.55 | 0.55 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 56.87 | 16.27 | 0.45 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| 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 |
Performance Review of the Fund Manager of Groww Nifty India Defence ETF?
1) Abhishek Jain
Education: Mr. Jain has done BA, CA
Experience: Prior to joining Groww MF he was associated with Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
Past Performance of his Schemes
| Fund | Groww Nifty Total Market Index Fund | It’s Benchmark | Groww Nifty Non-Cyclical Consumer Index Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-9-2024
Which Company Owns Groww Nifty India Defence ETF?
Groww Asset Management Limited
Address: Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Groww Nifty India Defence Exchange Traded Fund NFO?
Guidance for Groww Nifty India Defence ETF by Paresh Gordhandas, C.A., Research Analyst.
First let us understand how ETFs are different from Mutual Funds. Exchange Traded Funds(ETFs) offer several advantages over regular mutual funds. ETFs mimic the underlying index, which results in fewer transactions than actively managed funds that frequently buy or sell securities from their portfolio to show higher return than their benchmark. ETFs also have lower expense ratio compared to actively managed mutual funds which must employ highly skilled fund managers for generating active returns i.e returns higher than their benchmark index. The main difference between ETFs and other types of index funds is that ETFs don’t try to outperform the corresponding index, but simply replicate the performance of the Index. They don’t try to beat the market, they try to be the market.
The defense sector is a ‘hot’ sector right now in the Indian economy. Performance of this sector over the coming years is expected to be great. And while the stocks operating in this industry have already shown a good uptrend, the coming years are expected to be good too.
Motilal Oswal Nifty India Defence Index Fund and Aditya Birla Sun Life Nifty India Defence Index Fund are the other two recent entrants in this market.
Can invest a small amount in this fund.
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