Groww Nifty India Defence ETF FOF - Direct Growth

Groww Nifty India Defence ETF FOF - Direct Growth holds up reasonably well within the FoF Domestic category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 78/100.

Cost: At 0.16%, the expense ratio is meaningfully cheaper — about 16% below the FoF Domestic category average of 0.19% (based on 195 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.42 — returns have only marginally compensated for the risk taken. Separately, with 25.28% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Other fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.