NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹79.74
0.56%
NAV as on 10 Feb 26, 12:00 AM
risk
etf units
equity
NAV as on 10 Feb 26, 12:00 AM
risk
etf units
equity
35.47%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
13.25%p.a.
Since Inception
About Groww Nifty India Defence ETF-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Nifty India Defence ETF-Growth scheme from Groww Asset Management Limited. It is a ETF Units mutual fund scheme that predominantly invests in ETF Units stocks of companies. Launched on Oct 2024, Groww Nifty India Defence ETF-Growth is ETF Units fund of its category with 285.21 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category ETF Units funds.
- Groww Nifty India Defence ETF-Growth delivered 35.5% annual returns during the last year. It has delivered 13.3% average annual returns since the fund was launched.
- Groww Nifty India Defence ETF-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The Investment Objective Of The Scheme Is 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. However, There Can Be No Assurance Or Guarantee That The Investment Objective Of The Scheme Will Be Achieved.
Top 10 Holdings
Astra Microwave Products Ltd
2.83%
BEML Ltd
2.33%
Bharat Electronics Ltd
21.44%
Dynamatic Technologies Ltd
1.18%
Hindustan Aeronautics Ltd
19.92%
Solar Industries India Ltd
11.18%
Zen Technologies Ltd
2.22%
Cochin Shipyard Ltd
4.78%
Bharat Dynamics Ltd
4.82%
Mishra Dhatu Nigam Ltd
0.62%
Fund Managers
- Aakash Ashokkumar Chauhan (Apr 2025 - Present)
- Shashi Kumar (May 2025 - Present)
- Nikhil Satam (Feb 2025 - Present)
Key Information
View Scheme Document
Groww Nifty India Defence ETF-Growth SIP Calculator
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NRI Mutual Fund Tax on Groww Nifty India Defence ETF-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Groww Nifty India Defence ETF-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Groww Nifty India Defence ETF-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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