ETF
Data as on 30-10-2026
Groww Nifty India Defence ETF is a mutual fund run by Groww Mutual Fund. On 30-09-2026, it managed ₹360 Cr of investors' money. In the year to 30-10-2026, it returned 8.1%. Its benchmark, Nifty India Defence TRI, returned 8.7% over the same year.
NAV on 30-10-2026: ₹86.92 (down 2.01% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund | −6.22% | −5.25% | −3.09% | +8.14% | -- | -- | -- |
| Nifty India Defence TRI | −6.17% | −5.16% | −2.83% | +8.66% | +40.93% | -- | -- |
| Category average | -- | -- | -- | -- | -- | -- | -- |
| Best in category | -- | -- | -- | -- | -- | -- | -- |
| Worst in category | -- | -- | -- | -- | -- | -- | -- |
| Rank in category | -- | -- | -- | -- | -- | -- | -- |
No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds.
| Year | This fund | Nifty India Defence TRI |
|---|---|---|
| 2026to date | +12.44% | +12.90% |
| 2025 | +19.14% | +19.98% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 259 periods, one for each trading day from 10-10-2025 to 30-10-2026.
Groww Nifty India Defence ETF
Nifty India Defence TRI
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Benchmark median | Beat benchmark |
|---|---|---|---|---|---|---|---|
| 1 year | 259 | 21.0% | −0.1% | 59.2% | 1% | 21.9% | 0% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty India Defence TRI over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | Groww Nifty India Defence ETFThis fund | Nifty India Defence TRI |
|---|---|---|
| Return (CAGR) | +8.14% | +8.66% |
| Standard deviation | 24.85% | 24.74% |
| Sharpe ratio | 0.12 | 0.14 |
| Sortino ratio | 0.16 | 0.19 |
| Maximum drawdown | −15.4% (31-03-2026) | −15.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.53% | 0.00% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
| Measure | Groww Nifty India Defence ETFThis fund | Nifty India Defence TRI |
|---|---|---|
| Return (CAGR) | +13.09% | +13.77% |
| Standard deviation | 27.35% | 27.36% |
| Sharpe ratio | 0.27 | 0.30 |
| Sortino ratio | 0.39 | 0.43 |
| Maximum drawdown | −26.9% (18-02-2025) | −26.8% (18-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.68% | 0.00% |
From daily NAVs, 10-10-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Groww Nifty India Defence ETF
Nifty India Defence TRI
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| Groww Nifty India Defence ETF | −26.9% | 17-12-2024 | 18-02-2025 | 29-04-2025 | 2 months | −12.9% |
| Nifty India Defence TRI | −26.8% | 17-12-2024 | 18-02-2025 | 29-04-2025 | 2 months | −12.9% |
From the fund's daily NAV since 10-10-2024, adjusted for unit splits, and Nifty India Defence TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
What each plan charges a year, in force from 05-10-2026
| Plan | Base expense ratio | Total expense ratio |
|---|---|---|
| Fund | 0.50% | 0.64% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 10-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| This fundGroww Nifty India Defence ETF | ₹2,50,000 | ₹2,85,805 | ₹35,805 | 13.0% |
| Nifty India Defence TRI | ₹2,50,000 | ₹2,87,277 | ₹37,277 | 13.5% |
This fundGroww Nifty India Defence ETF
Nifty India Defence TRI
Amount invested
From each plan's published NAV (Growth option), the benchmark's TRI, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Asset allocation as on 30-09-2026
100.0%Equity
| Asset | Fund |
|---|---|
| Equity | 100.0% |
| Market cap | Fund |
|---|---|
| Large Cap | 51.5% |
| Mid Cap | 22.9% |
| Small Cap | 25.5% |
Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Sector allocation of the fund's stocks as on 30-09-2026
Aerospace & Defense60.3%
Auto Components13.3%
Chemicals & Petrochemicals11.9%
Industrial Manufacturing8.5%
Electrical Equipment4.2%
Agricultural, Commercial & Construction Vehicles1.9%
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Aerospace & Defense | 59.5% | 59.3% | 60.3% | +0.8% |
| Auto Components | 15.2% | 13.9% | 13.3% | −1.9% |
| Chemicals & Petrochemicals | 11.6% | 12.1% | 11.9% | +0.3% |
| Industrial Manufacturing | 8.8% | 9.0% | 8.5% | −0.3% |
| Electrical Equipment | 3.2% | 3.8% | 4.2% | +1.0% |
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
As on 30-09-2026 · 22 holdings · from the fund house's monthly portfolio
| Holdings | Sector | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Bharat Electronics Limited | Aerospace & Defense | 19.95% | +6.9% | |
| Hindustan Aeronautics Limited | Aerospace & Defense | 19.66% | −7.4% | |
| Bharat Forge Limited | Auto Components | 13.27% | +2.1% | |
| Solar Industries India Limited | Chemicals & Petrochemicals | 11.90% | −2.1% | |
| Mtar Technologies Limited | Electrical Equipment | 4.21% | −0.7% | |
| Mazagon Dock Shipbuilders Limited | Industrial Manufacturing | 3.98% | −2.1% | |
| ASTRA MICROWAVE PRODUCTS LIMITED | Aerospace & Defense | 3.43% | −2.1% | |
| Data Patterns (India) Limited | Aerospace & Defense | 3.23% | −1.4% | |
| Cochin Shipyard Limited | Industrial Manufacturing | 3.15% | +11.9% | |
| Bharat Dynamics Limited | Aerospace & Defense | 2.54% | −2.1% | |
| BEML Limited | Agricultural, Commercial & Construction Vehicles | 1.89% | −2.1% | |
| ZEN TECHNOLOGIES LIMITED | Aerospace & Defense | 1.84% | −2.0% | |
| APOLLO MICRO SYSTEMS LIMITED | Aerospace & Defense | 1.64% | −0.8% | |
| GARDEN REACH SHIPBUILDERS & ENGINEER LTD | Aerospace & Defense | 1.58% | −2.1% | |
| Dynamatic Technologies Ltd | Industrial Manufacturing | 1.32% | −2.2% | |
| SIGMA ADVANCED SYSTEMS LIMITED | Aerospace & Defense | 1.27% | New | |
| PARAS DEFENCE AND SPACE TECHNOLOGIES LTD | Aerospace & Defense | 1.15% | −2.1% | |
| Aequs Ltd | Aerospace & Defense | 1.14% | +40.6% | |
| AXISCADES Technologies Limited | Aerospace & Defense | 0.99% | −2.0% | |
| Centum Electronics Ltd. | Aerospace & Defense | 0.92% | New | |
| Mishra Dhatu Nigam Limited | Aerospace & Defense | 0.53% | −2.1% | |
| Unimech Aerospace & Manufacturing ltd | Aerospace & Defense | 0.38% | New |
All changes are between August 2026 and September 2026
| Hindustan Aeronautics Limited | Reduced | −7.4% | 19.66% |
|---|---|---|---|
| Bharat Electronics Limited | Added | +6.9% | 19.95% |
| Bharat Forge Limited | Added | +2.1% | 13.27% |
| Solar Industries India Limited | Reduced | −2.1% | 11.90% |
| Mazagon Dock Shipbuilders Limited | Reduced | −2.1% | 3.98% |
| Mtar Technologies Limited | Reduced | −0.7% | 4.21% |
| ASTRA MICROWAVE PRODUCTS LIMITED | Reduced | −2.1% | 3.43% |
| Data Patterns (India) Limited | Reduced | −1.4% | 3.23% |
| Cochin Shipyard Limited | Added | +11.9% | 3.15% |
| Bharat Dynamics Limited | Reduced | −2.1% | 2.54% |
| ZEN TECHNOLOGIES LIMITED | Reduced | −2.0% | 1.84% |
| BEML Limited | Reduced | −2.1% | 1.89% |
| GARDEN REACH SHIPBUILDERS & ENGINEER LTD | Reduced | −2.1% | 1.58% |
| APOLLO MICRO SYSTEMS LIMITED | Reduced | −0.8% | 1.64% |
| Dynamatic Technologies Ltd | Reduced | −2.2% | 1.32% |
| SIGMA ADVANCED SYSTEMS LIMITED | New | New | 1.27% |
| PARAS DEFENCE AND SPACE TECHNOLOGIES LTD | Reduced | −2.1% | 1.15% |
| Aequs Ltd | Added | +40.6% | 1.14% |
| AXISCADES Technologies Limited | Reduced | −2.0% | 0.99% |
| Centum Electronics Ltd. | New | New | 0.92% |
| Mishra Dhatu Nigam Limited | Reduced | −2.1% | 0.53% |
| Unimech Aerospace & Manufacturing ltd | New | New | 0.38% |
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| Motilal Oswal Nifty India Defence ETFETF · Motilal Oswal | 99.9% | 22 | Compare |
| Motilal Oswal Nifty India Defence Index FundIndex · Motilal Oswal | 99.2% | 22 | Compare |
| Aditya Birla Sun Life Nifty India Defence Index FundIndex · Aditya Birla Sun Life | 98.9% | 22 | Compare |
| Axis Nifty India Defence Index FundIndex · Axis | 98.8% | 22 | Compare |
| Mirae Asset BSE India Defence ETFETF · Mirae Asset | 72.6% | 20 | Compare |
| HDFC Defence FundThematic · HDFC | 69.3% | 13 | Compare |
| CPSE ETFETF · Nippon India | 21.9% | 2 | Compare |
| Invesco India PSU Equity FundThematic · Invesco | 20.1% | 5 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
Groww Nifty India Defence ETF is a mutual fund from Groww Mutual Fund. Its category is ETF. It was launched on 08-10-2024. Its benchmark is Nifty India Defence TRI. At the end of September 2026 it held 22 securities.
Nikhil Satam
Fund manager of Groww Nifty India Defence ETF, since 21-02-2025
Aakash Chauhan
Fund manager of Groww Nifty India Defence ETF, since 14-04-2025
Shashi Kumar
Fund manager of Groww Nifty India Defence ETF, since 16-05-2025
See all funds of Groww Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The NAV is ₹86.9186, as on 30-10-2026.
The fund returned +8.14% in 1 year. These figures are as on 30-10-2026.
The fund charges 0.64% a year. This is the figure the fund house reported to AMFI, in force from 05-10-2026.
Groww Nifty India Defence ETF managed ₹360.29 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were BEL (19.95%), HAL (19.66%), BHARATFORG (13.27%), SOLARINDS (11.90%), MTARTECH-BE (4.21%). The fund held 22 securities in all.
It bought 3 new stocks: Unimech Aerospace & Manufacturing ltd, Centum Electronics Ltd, SIGMA ADVANCED SYSTEMS LIMITED. It added shares in 4. It reduced 15.
Through Groww Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.
Nikhil Satam (since 21-02-2025), Aakash Chauhan (since 14-04-2025), Shashi Kumar (since 16-05-2025).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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