Mirae Asset BSE India Defence ETF FOF – NFO
The Mirae Asset BSE India Defence ETF FOF is an open-ended fund of fund scheme investing in units of Mirae Asset BSE India Defence ETF. The scheme aims for long-term capital appreciation and does not guarantee returns.
Investment Strategy
The scheme follows a passive strategy by investing in the underlying defence sector ETF tracking the BSE India Defence TRI.
Top 10 Benchmark Holdings (as of Dec 31, 2025)
| Company | Weight (%) |
|---|---|
| Hindustan Aeronautics | 24.1 |
| Bharat Electronics | 20.3 |
| Bharat Dynamics | 9.6 |
| Data Patterns | 8.2 |
| Cochin Shipyard | 7.4 |
| Garden Reach Shipbuilders | 6.9 |
| Paras Defence | 6.1 |
| Mishra Dhatu Nigam | 5.8 |
| MTAR Technologies | 5.3 |
| Astra Microwave | 4.3 |
Source: BSE India Defence TRI factsheet, December 2025
Benchmark Performance & Comparison
BSE India Defence TRI – Historical Returns
| Period | CAGR (%) |
|---|---|
| 1 Year | 58.4 |
| 3 Years | 41.2 |
| 5 Years | 32.8 |
| 10 Years | 24.6 |
Comparative Analysis: BSE India Defence TRI vs Nifty 50
| Index | 5Y CAGR (%) | Volatility |
|---|---|---|
| BSE India Defence TRI | 32.8 | High |
| Nifty 50 | 14.9 | Moderate |
SIP Calculator
Suitability
Who Should Invest
- Long-term investors with high risk appetite
- Investors seeking thematic exposure to defence
Who Should Avoid
- Short-term investors
- Risk-averse investors
FAQs
What is Mirae Asset BSE India Defence ETF FOF?
It is a fund of fund investing in a defence sector ETF.
How risky is Mirae Asset BSE India Defence ETF FOF?
The scheme carries high market and sectoral risk.
What is the minimum investment in Mirae Asset BSE India Defence ETF FOF?
Minimum investment is ₹5,000 during NFO.
Does Mirae Asset BSE India Defence ETF FOF guarantee returns?
No, the scheme does not guarantee returns.
Is Mirae Asset BSE India Defence ETF FOF suitable for SIP?
Yes, investors can consider SIPs for long-term goals.
Sushil Bajaj 
+91 931-5120-004
