Jaipur Wealth Management：Groww Nifty India Defence ETF – An Opportunity to Invest in India’s Defence Companies
The Groww Nifty India Defence ETF is composed of the country’s leading defence companies based on free float market capitalization and is a basket of these 15 defence stocks. The defence ETF tracks the Nifty India Defence Index.Jaipur Wealth Management
Diverse Exposure: The ETF offers access to a wide range of companies in the defence sector, covering various market capitalizations – large-cap, mid-cap and small-cap stocks.
Long-Term Growth Potential: Rising government spending on defence and potentially strong order books suggest long-term growth potential for the sector, making it a potential option for defence mutual funds as well.
Diverse Sector Focus#: The index also includes sectors related to defence, such as capital goods and chemicals.Chennai Stock
The Nifty India Defence Index captures the performance of India’s defence firms across large-cap, mid-cap, and small-cap segments, with mid and small-cap companies making up 58% of the indexJaipur Stock. The companies within the index also have potentially strong order books, ensuring visibility of future cash flows6Lucknow Investment. By capping stock weights at 20%, the index prevents any single company from dominating the portfolio.
The minimum investment amount for this scheme stands at ₹500 and in multiples of ₹1 thereafter, with no exit load. For more information about the scheme, refer to the Scheme Information Documents (SID).
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