Defence has been the best-performing sector in India over the past year. At the same time, it is the worst-performing category over a one-month timeframe. This raises the question: can it continue to deliver?
Among those betting on this fledgling sector are three passive funds that have come up in the recent past. All three — the Motilal Oswal Nifty India Defence ETF, Motilal Oswal Nifty India Defence Index Fund, and Aditya Birla Sun Life Nifty India Defence Index Fund — were launched in August 2024. HDFC Defence Fund is the only active fund in this category.
