Mirae Asset MF Launches Defence-Themed ETF and FOF for India's Defence Sector
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CNBC TV18•29-01-2026, 14:55
Mirae Asset MF Launches Defence-Themed ETF and FOF for India's Defence Sector
- •Mirae Asset Mutual Fund introduces two new schemes: Mirae Asset BSE India Defence ETF and Mirae Asset BSE India Defence ETF Fund of Fund (FOF).
- •These schemes offer investors exposure to India's domestic defence manufacturing ecosystem, tracking the BSE India Defence Total Return Index.
- •The NFOs open on February 2; the ETF NFO closes on February 10, and the FOF NFO closes on February 16.
- •The BSE India Defence Index includes public and private sector companies involved in defence manufacturing, covering platforms, electronics, and systems integration.
- •The schemes aim to capitalize on India's increasing defence spending, indigenization efforts, and policy measures like DAP 2020 and DPM 2025.
Why It Matters: Mirae Asset MF launches new defence-focused ETF and FOF to tap into India's growing defence manufacturing sector.
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