Groww Nifty India Defence ETF FoF Fund Direct Growth

Groww Nifty India Defence ETF FoF Fund Direct Growth is a hybrid fund. This fund was started on 11 October, 2024. The fund is managed by . This fund gives you the benefit of diversification.

1. Groww Nifty India Defence ETF FoF Fund Direct Growth has ₹23 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.2.
   

Groww Nifty India Defence ETF FoF Fund Direct Growth has given a CAGR return of 2.85% since inception.

Groww Nifty India Defence ETF FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Tech, Consumer Cyclical.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty India Defence ETF. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Groww Nifty India Defence ETF FoF Fund Direct Growth has no lock in period.