Opportunity to earn money by investing in India’s defense sector, Motilal Oswal launches Nifty India Defense Index Fund

Motilal Oswal Nifty India Defence Index Fund :Motilal Oswal Asset Management Company has announced the launch of Motilal Oswal Nifty India Defence Index Fund. It is India’s first index fund to offer exposure to defense stocks listed in India. The fund aims to provide investors an opportunity to benefit from the growth potential of the defense sector. Motilal Oswal Nifty India Defense Index Fund is an open-ended fund tracking the total return of the Nifty India Defense Index. This NFO (New Fund Offer) is opening for subscription on June 13, 2024 and will close on June 24, 2024.

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High Returns of Nifty India Defense Index

The Nifty India Defence Index is designed to reflect the performance of defence companies engaged in the manufacturing and services sector of defence projects. The index comprises 15 companies, which are also a part of the Nifty total market. The 1-year and 3-year CAGR of the Nifty India Defence Index has been 177% and 89.5% as of end-May 31, 2024. Defence exhibits strong performance potential, hence it may also witness higher volatility. One can invest in Motilal Oswal Nifty India Defence Index Fund with a minimum of Rs 500 and any amount in multiples of Rs 1 thereafter.

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Why should you invest in the defense sector?

According to Nomura Research, India’s defense sector has strong growth potential. The pipeline is estimated at $138 billion in FY24-FY32F. As India continues to prioritize national security and technological advancement, investors have a unique opportunity to participate in this strategic growth. The recent strong performance of this sector can be attributed to the changes in government policies and the priority given to the defense sector. The Government of India has imposed an import ban on 4600+ defense products till December 2027 to reduce imports and increase defense manufacturing in India, moving towards ‘Atmanirbhar Bharat’.

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The government is actively aiming to increase the export of defense products and services, which is expected to double in the coming 3-4 years according to Nomura Research. According to market experts, due to the continuous increase in exports and the increase in product expenditure by the government, the companies of this sector have also improved their balance sheets and profits. Due to this, the defense sector looks very attractive for investment.

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Ready to benefit from expansion of defense sector

Prateek Aggarwal, MD and CEO, Motilal Oswal Asset Management Company Limited, said that India’s progress towards self-reliance in defense has opened the way for significant growth and innovation. With Motilal Oswal Nifty India Defense Index Fund, we aim to capitalize on the estimated $100 billion to $120 billion expansion in the defense sector over the next 6 years. As the fourth largest defense spender globally, India’s focus on self-reliance and modernization provides ample opportunities for domestic defense companies. This fund is poised to benefit from India’s strong progress in defense technology and infrastructure.

(Here we have given information about the NFO, not advice to invest in it. There is no guarantee that any past performance will continue in the future. There are risks in the mutual fund market, so consult a financial advisor before investing.)