Start SIP in defence funds, growth looking solid for next 5-10 years, says Gurmeet Chadha. Here’s why

Despite a broader market downturn (Sensex/Nifty plunging), the defence sector appears to be a long-term growth story, potentially offering a defensive play with high growth potential. Increased government focus and geopolitical factors are strong tailwinds.

• •Gurmeet Chadha recommends SIPs in defence funds.
• •Strong 5-10 year growth prospects are anticipated for the defence sector.
• •Growth drivers include rising global tensions, increased defence spending, and stronger India-US ties.
• •Brokerages project up to 52% upside in select defence stocks.
• •The sector benefits from a robust order pipeline and higher government capital expenditure allocation.