RATIONALE:

• At $73 billion, India has the third largest defence budget in the World. (Source: Stockholm International Peace Research Institute).
• The DPEPP 2020 plans to raise the domestic production from INR 80,000 crores to INR 175,000 crores and exports of INR 35,000 crores by 2025.
• This curated portfolio provides exposure to defence companies with strong technology moats such as torpedoes and missiles, aircraft carrier, fighter jets, submarines, electronic systems, etc.

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NOTE:

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