MonitorDirect · GrowthWatch before adding
Groww Nifty India Defence ETF FOF
Groww Mutual FundFund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic)2 years
The scheme seeks 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.
- NAV
- 13.0064
- 29 Oct 2026
- 1Y
- +9.9%
- Trailing CAGR
- AUM
- ₹157.44 Cr
- 30 Sept 2026
- Volatility
- High
- 27.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 83% of rolling 1-year windows.
Prefer peers if · Prefer Baroda BNP Paribas Gold ETF Fund of Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
2.0 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.14% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -27.0%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Shashi Kumar · 1.5 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 100.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+9.9%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+13.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+7.0%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +13.5%
- Calendar-day CAGR
- Excess 1Y
- +5.4%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -27.0%
- Worst peak-to-trough
- Current
- -11.7%
- Below last peak
- Current spell
- 51 days
- Days below latest peak
- Time below peak
- +93%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 13 recovered episodes
- Longest recovery
- 70 days
- Trough to prior peak
17 Dec 2024 – 29 Apr 2025
Trough 18 Feb 2025 · recovered in 70 days
-27.0%
23 Jun 2025 – 6 May 2026
Trough 31 Mar 2026 · recovered in 36 days
-20.9%
8 Sept 2026 – open
Trough 23 Oct 2026 · not recovered
-15.4%
15 Oct 2024 – 4 Dec 2024
Trough 13 Nov 2024 · recovered in 21 days
-11.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
44
Vs category
84
Consistency
83
Risk-adjusted
45
Drawdown
33
Mean
58
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- The fund beat the category median in 83% of rolling 1-year windows.
Portfolio
30 Sept 2026 · 1 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- 100.0%
- Effective holdings
- 1.0
Groww Nifty India Defence ETF-Growth
Unspecified
100.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas Gold ETF Fund of Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +16.3%
- 3Y
- n/a
- Vol
- 33.1%
- Max DD
- -26.0%
- Sharpe
- 0.86
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Aditya Birla Sun Life Silver ETF FOF
Aditya Birla Sun Life Mutual Fund
- 1Y
- +27.0%
- 3Y
- +36.2%
- Vol
- 34.3%
- Max DD
- -49.0%
- Sharpe
- 0.68
- 3Y win
- +85%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis Multi Factor Passive FoF
Axis Mutual Fund
- 1Y
- -7.3%
- 3Y
- +8.0%
- Vol
- 12.4%
- Max DD
- -22.0%
- Sharpe
- 0.25
- 3Y win
- +0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Axis Silver Fund of Fund
Axis Mutual Fund
- 1Y
- +27.9%
- 3Y
- +36.6%
- Vol
- 35.1%
- Max DD
- -49.4%
- Sharpe
- 0.87
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Mirae Asset BSE Select IPO ETF Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- -9.6%
- 3Y
- n/a
- Vol
- 19.5%
- Max DD
- -24.3%
- Sharpe
- 0.02
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns