Groww Nifty India Defence ETF FoF Direct Growth

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 Oct 2024 is ₹9.40. The Groww Nifty India Defence ETF FoF Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. 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. ;