Adani Enterp.
2363.6 12.70
Adani Ports
1388.9 41.80
Apollo Hospitals
7308 -43.50
Asian Paints
2449.8 18.80
Axis Bank
1068.6 6.20
Bajaj Auto
8187.5 143.00
Bajaj Finance
885.3 9.70
Bajaj Finserv
1933.6 17.30
Bharat Electron
389.55 12.35
Bharti Airtel
1914.6 30.20
Cipla
1515.1 12.30
Coal India
374.7 2.20
Dr Reddy's Labs
1225 4.40
Eicher Motors
5621 93.00
Eternal Ltd
305.25 0.50
Grasim Inds
2787.8 65.60
HCL Technologies
1474.4 22.30
HDFC Bank
1992 -20.20
HDFC Life Insur.
739.8 -1.90
Hero Motocorp
4535.9 224.30
Hind. Unilever
2543.7 -10.00
Hindalco Inds.
687.7 15.25
ICICI Bank
1463.2 -8.40
IndusInd Bank
804.05 20.35
Infosys
1480.5 10.90
ITC
416.85 0.40
JSW Steel
1055.9 28.10
Kotak Mah. Bank
1997 4.60
Larsen & Toubro
3631.1 43.80
M & M
3200.2 40.90
Maruti Suzuki
12365 63.00
Nestle India
2277.4 0.90
NTPC
332 1.10
O N G C
234.83 -1.96
Power Grid Corpn
287.95 -3.30
Reliance Industr
1411.5 17.80
SBI Life Insuran
1831.5 35.30
Shriram Finance
624.9 10.70
St Bk of India
795.7 1.70
Sun Pharma.Inds.
1641.6 11.90
Tata Consumer
1072.6 2.20
Tata Motors
653.6 4.75
Tata Steel
159.56 6.55
TCS
3074.4 71.40
Tech Mahindra
1475 36.20
Titan Company
3356.3 40.30
Trent
5249 69.00
UltraTech Cem.
12257 144.00
Wipro
246.05 3.30
This fund offers investors a chance to capitalize on the projected growth of the Indian defence sector, estimated to reach $100-$120 billion over the next six years. The Nifty India Defence Index, which the fund tracks, comprises 15 leading companies in defence manufacturing and services. The index has delivered strong returns, with a 1-year and 5-year CAGR of 177.67% and 55.52% respectively, as of 31 May 2024.
The Nifty India Defence Index picks companies from the broader Nifty Total Market that are either classified in defense-related industries or derive at least 10% of their revenue from defense. These selections are based on a company's average market value (free-float market capitalization) over the past 6 months, with each company's influence within the index capped at 20%.
The Indian government's focus on self-reliance (Atmanirbhar Bharat) in defence is driving this sector's growth. Initiatives like import curbs on defence equipment and a push for exports are creating opportunities for domestic companies. This is further supported by increasing foreign direct investments (FDI) in the sector.
This fund is poised to benefit from India''s robust advancements in defence technology and infrastructure, said Prateek Agrawal, MD & CEO of Motilal Oswal AMC. As the fourth largest defence spender globally, India's focus onself-reliance and modernisation offers substantial opportunities for domestic defence companies.
The fund comes with a minimum investment of Rs 500 and offers investors a chance to participate in the potential long-term growth of the Indian defence sector.
Powered by Capital Market - Live News