This fund was launched in March 2024. It is based on manufacturing theme, in which defense and aerospace sector also has a good share. Currently its AUM is around Rs 1,642 crore and expense ratio is 0.79%. It has invested in sectors like industrials, auto, energy, materials and healthcare. However, in the last one year this fund has given returns of only 2.74%, which is less than the benchmark. Therefore, it is important to keep the risks in mind before investing in this fund.
Note: Defense themed mutual funds may offer good long-term opportunities, but they are high-risk funds. Before investing, understand your financial goals and risk appetite and consult a financial advisor if necessary.