The Groww Nifty India Defence ETF, managed by Groww Mutual Fund, aims to generate long-term capital growth by mirroring the Nifty India Defence Index with a passive investment approach.

To achieve its objective, the ETF employs a replication strategy that closely tracks the Nifty India Defence Index - TRI, ensuring alignment with its benchmark performance.

The portfolio is concentrated in the Aerospace & Defense sector, comprising 65.95% of assets, with top holdings like Bharat Electronics Limited and Hindustan Aeronautics Ltd leading at 21.3% and 21.17%, respectively.

Over the past year, the ETF has delivered a robust performance of +16.1%, with a low tracking error of 0.11%, indicating effective management and alignment with its benchmark.

With an AUM of ₹208.43 Cr and a competitive expense ratio of 0.43%, the ETF offers efficient access to the defense sector, managed by experienced professionals with over six years of experience.