Loading...

Home >> Blog >> Groww Nifty India Defence ETF FOF NFO: Date, Review, NAV

Groww Nifty India Defence ETF FOF NFO: Date, Review, NAV

  


Groww Nifty India Defence ETF FOF: Complete Overview

Groww Mutual Fund launched the Groww Nifty India Defence ETF FOF. AMC Groww Asset Management Limited has set an ETF FOF price of Rs.500 and a multiple of Rs.1 afterward. This new fund offer is available from September 23, 2024, to 04 October 2024. This open-ended scheme aims to invest in the Groww Nifty India Defence ETF. This mutual fund scheme reopens for sale and repurchase on 18 October 2024, and it has a very high risk. 

 

Investment Objective

This Scheme is largely aimed at accumulating Groww Nifty India Defense ETF units to create capital over a long period of time.

95-100% of the securities in the units of Groww Nifty India Defence ETF and 0-5% will be invested in money market instruments or debt securities or units of domestic mutual funds, whether debt or liquid funds.

For more information about this new NFO Mutual Fund continue to read.

 

Suitability of Fund

A product of this nature is designed for investors who wish to invest in the units of Groww Nifty India Defence ETF only for long-term capital gain and investment in defence-related companies.

Scheme Plan: 

Groww Nifty India Defence ETF FOF- Direct Plan

Groww Nifty India Defence ETF FOF- Regular Plan

Groww Mutual Fund Details

  • AUM of Rs.857.24 crore (as of 30 Jun 2024) 

 

Click Here To Stay Updated With The Upcoming NFOs.

Fund Overview

Start Date

23 September 2024

End Date

04 October 2024

Allotment Date/Subscription Date/Re-open Date

The scheme reopens on 18 October 2024, for continuous sale and repurchase.

VRO Rating

-

Expense Ratio

Nil

Exit Load

1% if units are redeemed in less than 30 days.

AUM 

Rs.857.24 crore.

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark(s)

Nifty India Defence ETF- TRI

Min. Investment

Rs.500 and in multiples of Rs.1.

Risk

Very High Risk

Short-Term Capital Gains (STCG)

For less than 1 year, a 20% tax is applicable.

Long-Term Capital Gains (LTCG)

For more than 1 year, a 12.50% Tax is applicable above the gain of Rs.1.25 lac.

 

How to Invest in The Scheme After the Closure of The NFO?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 18 October 2024  when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Groww Nifty India Defence ETF FOF” or directly with the AMC or simply click the ‘Banner’ below.

 

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

 

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Securities in the Groww Nifty India Defence ETF 

95

100

Money market instruments or debt securities or units of domestic mutual funds, whether debt or liquid schemes

0

5

 

Peers of Groww Nifty India Defence ETF FOF

No scheme in this exact category with the same benchmark was available as of 28 September 2024.Since this scheme is new, hence no comparable data on its past performance against its peers is available.

 

Risk Factors In Such Funds

  • The Fund of Funds scheme may result in an uneven charging of charges over time because it will invest in an underlying scheme, and the expenditure charged will rely on the underlying scheme's structure, which may differ.

  • Investors may not be able to acquire precise details of the investments of the underlying schemes because factsheets and portfolio disclosures in the Fund of Funds (FOF) will only provide details of the schemes invested at the FOF level.

  • For a variety of reasons, the fund of funds scheme may perform or yield different returns than the underlying scheme. Total expenditure ratio, cash drag, timing, and pricing discrepancies between subscriptions and redemptions in the Fund of Funds and the underlying scheme, as well as operational and transactional factors, may all affect the Fund of Funds' performance.

  • The market price of the underlying ETF may fluctuate from its Indicative Net Asset Value (INAV) / NAV when the FOF invests in it through a stock exchange. This could have an impact on the scheme's performance.

Past Performance of Nifty India Defence Funds

Scheme

NAV (Rs.)

Annualised Return

Risk

Motilal Oswal Nifty India Defence Index Fund

8.78

-

Very High

Aditya Birla Sun Life Nifty India Defence Index Fund

9.64

-

Very High

 

Groww Nifty India Defence ETF FOF- Fund Managers:

  • Mr. Abhishek Jain

Conclusion

The Groww Nifty India Defence ETF FOF aims at investors who wish to invest for long term capital growth and are keen on investing in companies in the defence sector. It comes with a high degree of risk but offers a possibility of decent returns in the future. The fund allows for additional purchase and redemption from the aforementioned date, with a provision for additional purchase of units available for Rs.500 only. Like every other investment, understand the risks involved and your investment objectives before making any investments in the said fund.



Frequently Asked Questions

+

The 15 defence companies make up the Groww Nifty India Defence ETF, which is a basket of the top defence companies in the Nation based on free-float market capitalization.

+

NAV is Rs.10 during the ongoing NFO period as of 28 September 2024.

+

23 September 2024

 



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


NFO

Related Blogs

Axis Nifty500 Value 50 Index Fund NFO

NFO | 07-10- 2024

Axis Nifty500 Value 50 Index F...

Explore The Axis Nifty500 Value 50 Index Fund NFO. Learn its objectives, benefits & Risk Factors. NFO opens on 04 Oct & ...

Continue Reading
ICICI Prudential Nifty200 Value 30 ETF NFO

NFO | 05-10- 2024

ICICI Prudential Nifty200 Valu...

Explore The ICICI Prudential Nifty200 Value 30 ETF NFO. Learn its objectives, benefits & Risk Factors. NFO opens on 30 S...

Continue Reading
ICICI Prudential Nifty200 Value 30 Index Fund NFO

NFO | 03-10- 2024

ICICI Prudential Nifty200 Valu...

Explore the ICICI Prudential Nifty200 Value 30 Index Fund. Learn its objectives, benefits & Risk Factors. NFO opens on 3...

Continue Reading
Aditya Birla Sun Life Crisil-IBX AAA NBFC-HFC INDEX-Sep 2026 Fund NFO

NFO | 01-10- 2024

Aditya Birla Sun Life Crisil-I...

Explore Aditya Birla Sun Life Crisil-IBX AAA NBFC-HFC INDEX- Fund NFO. Learn benefits, & risks, and invest smartly...

Continue Reading
Baroda BNP Paribas Nifty200 Momentum 30 Index Fund

NFO | 30-09- 2024

Baroda BNP Paribas Nifty200 Mo...

Explore Baroda BNP Paribas Nifty200 Momentum 30 Index Fund NFO. Open 25 Sept, close 09 Oct 2024. Learn benefits, risks, ...

Continue Reading
WhiteOak Capital Digital Bharat Fund

NFO | 27-09- 2024

Whiteoak Capital Digital Bhara...

Explore the Whiteoak Capital Digital Bharat Fund. Learn its investment goals. Open & close (20 Sep to 4oct 2024 ) See ho...

Continue Reading
to Learn Important Strategy worth Rs.15000
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook