The Motilal Oswal Nifty India Defence ETF, managed by Motilal Oswal Asset Management Company Limited, aims to replicate the total returns of the Nifty India Defence TRI, focusing on passive investment.

This ETF tracks the Nifty India Defence Total Return Index, emphasizing a replication strategy to minimize tracking error, though absolute performance is not guaranteed due to market fluctuations.

Top holdings include Bharat Electronics Ltd. at 20.6% and Hindustan Aeronautics Ltd. at 20.5%, with a significant focus on the Aerospace & Defense sector, constituting 60.3% of the portfolio.

Over the past year, the fund has delivered an impressive return of 30.7%, showcasing strong performance relative to its benchmark, although detailed risk metrics like tracking error remain unspecified.

With a fund size of ₹781.1 Cr and an expense ratio of 0.41%, it offers a cost-effective entry to defense sector investments, managed by experienced professionals with decades of industry expertise.