Groww Nifty India Defence Fund

The Groww Nifty India Defence Fund is a mutual fund focused on tracking the performance of companies in India’s defense sector. Its primary purpose is to offer investors a convenient way to gain exposure to the growth and development of the defense industry within the country. The fund aims to replicate the performance of the Nifty India Defense Index, which includes companies involved in the manufacturing, research, and supply of defense-related products and services. By investing in this fund, participants can partake in opportunities within sectors such as aerospace, defense technology, and supporting industries. As India continues to expand its defense capabilities, influenced by both domestic initiatives and global demand, this fund plays a significant role in capturing the economic activities surrounding defense infrastructure. With a strategic focus on a pivotal sector, the Groww Nifty India Defence Fund allows for a diversified approach to investing in some of the most critical industries shaping the national security landscape.