Groww Nifty India Defence ETF FoF Fund Analyst Review: NAV, Returns and Key Insights 2026
- June 4, 2026
- Posted by: Kashish Aggarwal
- Category: News
With a 1-year return of 7.65%, the Groww Nifty India Defence ETF FoF Fund has delivered modest gains for investors navigating the current market environment. Managing Rs 125.58 crore in assets at a NAV of Rs 13.56, the fund offers focused exposure to its target category. This review examines key data points and what investors should know before allocating capital in 2025.
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What Is the Groww Nifty India Defence ETF FoF Fund?
The Groww Nifty India Defence ETF FoF Fund is a domestic Fund-of-Fund scheme that invests in units of other Indian mutual fund schemes, providing diversified multi-fund exposure within a single investment vehicle. Classified under FoFs Domestic with a Very High risk rating, it is designed for investors who prefer a professionally curated multi-fund approach without managing multiple individual schemes.
Groww Nifty India Defence ETF FoF Fund NAV and AUM
The current NAV of the Groww Nifty India Defence ETF FoF Fund Direct Growth plan is Rs 13.56. NAV is updated each trading day and reflects the closing market prices of the fund’s underlying securities. Always verify the most recent NAV on the AMC website or a registered mutual fund platform before placing any transaction.
With an AUM of Rs 125.58 crore, the fund is relatively nimble. This can be advantageous for portfolio agility and the ability to take positions without significant market impact. Investors should track AUM trends alongside performance metrics when evaluating this fund.
Groww Nifty India Defence ETF FoF Fund Returns: Performance Snapshot
| Period | Returns |
|---|---|
| 1 Month | 4.35% |
| 3 Months | 12.88% |
| 1 Year | 7.65% |
| 3 Years (Annualised) | Not Available |
| 5 Years (Annualised) | Not Available |
Return generation has been subdued for the Groww Nifty India Defence ETF FoF Fund with a 1-year return of 7.65% and a 3-month figure of 12.88%. Investors already holding this fund should assess whether the underlying investment thesis remains intact. Those considering a new entry should evaluate the fundamental outlook and wait for a clearer performance trend before making a commitment.
Expense Ratio and Cost Efficiency
At just 0.15% per annum, the expense ratio of the Groww Nifty India Defence ETF FoF Fund Direct Growth plan is among the lowest in its peer group. This cost advantage compounds significantly over time, allowing a greater share of market returns to remain in the investor’s portfolio. The direct plan additionally removes intermediary commissions, making this one of the most cost-efficient options available in its category.
Who Should Invest in Groww Nifty India Defence ETF FoF Fund?
The Groww Nifty India Defence ETF FoF Fund suits investors seeking diversified domestic mutual fund exposure through a single investment. The fund carries a Very High risk rating and requires a minimum 5-year horizon. The minimum SIP is Rs 500 and the minimum lumpsum is Rs 500. Conservative investors should avoid this fund. It is best used as part of a broader portfolio strategy rather than as a standalone holding.
Key Risks to Consider
Manager Selection Risk: Returns depend on the quality of the underlying fund selections. A poor-performing set of underlying schemes can undermine overall portfolio outcomes even if broader markets do well.
Over-Diversification Risk: Investing across too many underlying funds can lead to over-diversification, where the portfolio’s returns trend toward the market average without the benefit of concentrated outperformance.
Tax Treatment: Domestic FoFs may attract different tax treatment compared to direct equity investments, depending on the asset allocation of the underlying schemes held.
Valuation Risk: Elevated valuations in the underlying investment universe can reduce future return potential even if the fundamental business performance of portfolio companies remains strong.
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Conclusion
The Groww Nifty India Defence ETF FoF Fund has delivered modest returns in a challenging environment, but its expense ratio of 0.15% and AUM of Rs 125.58 crore reflect a cost-efficient and investor-supported structure. Those already holding this fund should review the underlying investment thesis. New investors should ensure they have a sufficient horizon before committing capital. Consult a SEBI-registered investment advisor before any allocation change.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Frequently Asked Questions
What is the current NAV of Groww Nifty India Defence ETF FoF Fund?
Ans. The current NAV of the Groww Nifty India Defence ETF FoF Fund Direct Growth plan is Rs 13.56. NAV is updated each trading day and reflects the closing market value of the fund’s underlying holdings. Always verify the most recent NAV on the AMC website or a SEBI-registered mutual fund platform before transacting.
What are the returns of Groww Nifty India Defence ETF FoF Fund?
Ans. The fund has delivered a 1-year return of 7.65% and a 3-month return of 12.88%. The 3-year annualised return is Not Available and the 5-year annualised return is Not Available. Past performance does not guarantee future results and should be evaluated alongside the fund’s risk profile and benchmark comparison.
What is the expense ratio of Groww Nifty India Defence ETF FoF Fund Direct Growth?
Ans. The expense ratio of the Groww Nifty India Defence ETF FoF Fund Direct Growth plan is 0.15% per annum. The direct plan eliminates distributor commissions and is more cost-efficient than the regular plan. Investors should always opt for the direct plan to maximise long-term net returns through the compounding advantage of lower costs.
Is this fund suitable for conservative investors?
Ans. No. This fund carries a Very High risk rating due to concentrated exposure to a specific market segment or investment theme. It is not suitable for conservative investors or those with short investment timelines. A minimum 5 to 7-year horizon and a high risk tolerance are required prerequisites. Consult a SEBI-registered investment advisor before investing.
What is the minimum SIP amount for this fund?
Ans. The minimum monthly SIP is Rs 500 and the minimum lumpsum investment is Rs 500. The low entry thresholds make the fund accessible across income levels. A regular SIP approach is recommended to average out entry costs over time, particularly given the high-volatility nature of this fund’s category.
What category and sub-category does this fund belong to?
Ans. This fund is a domestic Fund-of-Fund investing in other Indian mutual fund schemes. It falls under the FoFs Domestic sub-category and is available as a direct growth plan, which eliminates distributor commissions and typically offers superior net returns compared to the regular plan.
