Source: Nomura Defence sector report. The above graph is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy.
Nifty India Defence Index has outperformed Nifty 50 four times in recent six calendar years
Source/Disclaimer: Nifty Indices. Performance as of close of 31-Dec-19 to 31-May-24 . Performance results have many inherent limitations and no representation is being made that any investor will, or is likely to achieve. Past performance may or may not be sustained in future. The above graph is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy.
5 year index CAGR of over 55%
Pure exposure to defence stocks
Sector is driven by make in india initiative
Here's what Pratik Oswal, Chief of Passive Business, has to say.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty India Defence Total Return Index, subject to tracking error.
However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved.
1%- If redeemed on or before 15 days from the date of allotment.
Nil- If redeemed after 15 days from the date of allotment
The Scheme being an index scheme follows a passive investment technique and shall only invest in Securities comprising one selected index irrespective of its market conditions.