The Groww Nifty India Defence ETF, managed by Groww Mutual Fund, aims for long-term capital growth by passively investing in the Nifty India Defence Index, reflecting its performance closely.

This ETF replicates the Nifty India Defence Index using a passive investment strategy, ensuring minimal tracking error of 0.11%, which enhances its efficiency in mirroring the benchmark's returns.

The portfolio is heavily concentrated in the Aerospace & Defense sector, comprising 65.95%, with top holdings in Bharat Electronics Limited and Hindustan Aeronautics Ltd, indicating potential concentration risk.

Over the past year, the ETF delivered an impressive return of +30.8%, showcasing strong performance amidst market conditions, though longer-term CAGR figures are not available at this time.

With an expense ratio of 0.43% and an AUM of ₹208.43 Cr as of Aug 2025, the fund remains accessible, supported by experienced managers with up to 17 years in the industry.