Groww Mutual Fund files draft document for Nifty India Defence ETF

Managed by Abhishek Jain, the scheme targets long-term growth with investments of 95-100% in Nifty India Defence Index securities and 0-5% in money market instruments, featuring a 1% Total Expense Ratio and a Rs 500 minimum. Returns: Groww Nifty Defence ETF, HDFC Defence Fund (128.52%), Motilal Oswal Fund (4.89%). Passive management and regular rebalancing reduce tracking errors.