HDFC Defence Fund
Get the latest NAV of HDFC Defence Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹23.09
1D
NAV as on 27 Mar 2026
34.53%/per year
Since Inception
▲▼
25221 people have invested ₹ 7Cr in HDFC Defence Fund in the last three months
HDFC Defence Fund Performance vs. Nifty 500
Fund returns vs Benchmark returns vs Category Average returns as on (27-Mar-26)
The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.
INDmoney Rank
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IND ranking is not available for this fund.
HDFC Defence Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
HDFC Defence Fund Asset Allocation
See fund asset allocation details as on (14-Mar-26)
Fund Distribution
as on (14-Mar-26)
HDFC Defence Fund Sector Allocation
See fund sector allocation details as on (14-Mar-26)
Sector Allocation
Top 3 Sectors in February were Industrial, Consumer Cyclical & Basic Materials
Industrial
53%
Consumer Cyclical
23%
Basic Materials
14%
Industrial
57%
Consumer Cyclical
18%
Basic Materials
14%
HDFC Defence Fund Holdings Details
as on (28-Feb-26)
HDFC Defence Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.82% |
Benchmark | Nifty India Defence TR INR |
| AUM | ₹8097 Cr |
| Inception Date | 2 June, 2023 |
| Min Lumpsum/SIP | --/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 10.29% |
| Risk |   Very High Risk |
About HDFC Defence Fund
HDFC Defence Direct Growth Fund is a thematic mutual fund launched on June 2, 2023, that aims to capture India’s growing defence industry. It majorly invests in equity and equity-related instruments of Defence and allied sector companies. This includes companies that are deriving at least 10% of their revenue from the defence industry and come under:
-AMFI’s classification of stocks in the defence sector
-Stocks included in SIDM (Society of Indian Defence Manufacturers)
-Stocks from any other defence & allied sectors as per the benchmark’s criteria
The fund invests 80% of its assets in companies in the defence sector and the remaining in equity in other sectors, REITs, InvITs, debt, and money market instruments. It is managed by Abhishek Poddar, who brings over 17 years of experience in equity research.
Investment Strategy
HDFC Defence Fund follows a bottom-up approach to picking stocks. This includes focusing on individual stocks to segment companies that show rapid growth, high quality, and reasonable valuation. The fund manager picks stocks across large, small, and mid-cap of the defence industry to ensure the portfolio is a balance of stable and emerging companies.
Taxation on HDFC Defence Fund
Tax on your gains from the HDFC Defence Fund depends on how long you have held the fund for. All equity mutual funds sold within 12 months are considered Short-term Capital Gain (STCG) and investments sold after 12 months are considered Long-term Capital Gain (LTCG). The taxes are as follows:
- Long-term Capital Gain: Exemption of up to ₹1,25,000 and then 12.5%
- Short-term Capital Gain: 20%
Who Invests in HDFC Defence Fund?
Investors who believe in India's growing defence capabilities. As India strengthens its defence strategy in a multipolar world, it stands to gain from its enhanced military power. Additionally, the defence sector is continually advancing in technology. However, it's important to note that defence is a highly regulated sector, and any shifts in government policies can significantly impact company performance. This makes it a high-risk investment, suitable for investors with a high-risk appetite and comfort with market volatility.
Allocation & Historical Returns
Fund Manager
Rahul Baijal
Fund Manager of HDFC Defence Fund, since 18 April 2025
Dhruv Muchhal
Fund Manager of HDFC Defence Fund, since 22 June 2023
Priya Ranjan
Fund Manager of HDFC Defence Fund, since 18 April 2025
- AUM of the fund stands at 8.1K Cr as of Feb'26
- AUM increased by 302.8 Cr between Feb'26 and Jan'26
Frequently Asked Questions for HDFC Defence Fund
How do I invest in HDFC Defence Fund?
- Download the INDmoney app.
- Search for ‘HDFC Defence Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.