HDFC Defence Fund Direct Growth

HDFC Defence Fund Direct Growth

Get the latest NAV of HDFC Defence Fund Direct Growth. 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.

₹23.55

-1.5%1D

NAV as on 04 Sep 2025

46.02%/per year

Since Inception

Absolute Gain%

28641 people have invested ₹ 8.1Cr in HDFC Defence Fund Direct Growth in the last three months

HDFC Defence Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (04-Sep-25)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-0.75%
-8.99%
37.67%
2.92%
--
--
Nifty 500
-0.18%
0.05%
14.57%
-3.91%
14.5%
19.46%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
9.82%
18.6%
47.4%
22.68%
31.1%
32.31%
Worst in Equity - Other
-1.84%
-12.72%
0.93%
-20.26%
8.07%
12.98%

INDmoney Rank

Powered by IND quant engine

IND ranking is not available for this fund.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
HDFC Defence Fund
-
6,498Cr
0.75%
2.92%
-
--
--
--
--
--
ICICI Prudential India Opportunities Fund Direct Growth
1/40
29,718Cr
0.63%
0.47%
23.83%
8.54
0.82
1.30
2.52
1.81
ICICI Prudential Business Cycle Fund Direct Growth
2/40
13,479Cr
0.72%
5.16%
23.42%
7.79
0.86
1.21
2.32
1.75
Nippon India Quant Fund Direct Growth
3/40
101Cr
0.47%
-1.43%
20.38%
6.22
1.00
0.90
1.58
2.08
Positive: Among most bought funds within the category
Among most bought funds within the category
Negative: No bad points found for this fund.
No bad points found for this fund.

HDFC Defence Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit


Total Corpus

0

Absolute Return

HDFC Defence Fund Asset Allocation

See fund asset allocation details as on (14-Aug-25)

Fund Distribution

as on (14-Aug-25)

Large cap
52%

Small cap
34.5%

Mid cap
8.1%

Large Cap allocation has gone up from 37.7% to 52%
Large Cap allocation has gone up from 37.7% to 52%
Small Cap allocation has gone down from 34.8% to 34.5%
Small Cap allocation has gone down from 34.8% to 34.5%
Mid Cap allocation has gone down from 20.8% to 8.1%
Mid Cap allocation has gone down from 20.8% to 8.1%
Cash allocation has gone down from 6.7% to 5.4%
Cash allocation has gone down from 6.7% to 5.4%

HDFC Defence Fund Sector Allocation

See fund sector allocation details as on (14-Aug-25)

Sector Allocation

Industrial
69.4%
Tech
15.1%
Basic Materials
14.7%
Utilities
0.8%

Top 3 Sectors in July were Industrial, Basic Materials & Tech

Jul'25

Industrial

65%

Basic Materials

18%

Tech

14%

Jun'25

Industrial

63%

Basic Materials

21%

Tech

14%

HDFC Defence Fund Holdings Details

as on (31-Aug-25)

Top Stocks bought last month
Bharat Dynamics Ltd Ordinary Shares's allocation increased from 1.74% to 4.26%
Bharat Dynamics Ltd Ordinary Shares's allocation increased from 1.74% to 4.26%
Data Patterns (India) Ltd's allocation increased from 1.35% to 2%
Data Patterns (India) Ltd's allocation increased from 1.35% to 2%
Astra Microwave Products Ltd's allocation increased from 5.75% to 5.97%
Astra Microwave Products Ltd's allocation increased from 5.75% to 5.97%
Top Stocks sold last month
Bharat Electronics Ltd's allocation decreased from 19.61 % to 19.36 %
Bharat Electronics Ltd's allocation decreased from 19.61 % to 19.36 %
Solar Industries India Ltd's allocation decreased from 16.18 % to 14.2 %
Solar Industries India Ltd's allocation decreased from 16.18 % to 14.2 %
BEML Ltd's allocation decreased from 10.2 % to 9.51 %
BEML Ltd's allocation decreased from 10.2 % to 9.51 %

HDFC Defence Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.75%
Benchmark
Nifty India Defence TR INR
AUM₹6498 Cr
Inception Date2 June, 2023
Min Lumpsum/SIP--/--
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
10.29%
Risk
Risk meter
pointer
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

Currently, the fund's portfolio comprises 34.5% small-cap stocks, 52.01% large-cap stocks, and 8.08% mid-cap stocks.

With an AUM of ₹6498.0 crores, HDFC Defence Fund Direct Growth generated a return of 2.9% in 1 year. while its benchmark index (Nifty 500) generated -3.9% in 1 year, 14.5% in 3 years, and 19.5% in 5 years.

Fund Manager

Rahul Baijal

Fund Manager of HDFC Defence Fund Direct Growth, since 18 April 2025

Dhruv Muchhal

Fund Manager of HDFC Defence Fund Direct Growth, since 22 June 2023

Priya Ranjan

Fund Manager of HDFC Defence Fund Direct Growth, since 18 April 2025

Learn more about HDFC Mutual Fund
Parameters
Jul'25
Jun'25
May'25
AUM
₹ 6.5K Cr
₹ 7.1K Cr
₹ 6.7K Cr
  • AUM of the fund stands at 6.5K Cr as of Jul'25
  • AUM decreased by 557.5 Cr between Jul'25 and Jun'25

Frequently Asked Questions for HDFC Defence Fund Direct Growth

How do I invest in HDFC Defence Fund?

INDmoney makes it simple to invest in the HDFC Defence Fund. To do so, follow the steps below:
  • 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.

What is the current NAV of HDFC Defence Fund?

The NAV of the fund today is ₹23.55. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

HDFC Defence Fund fund has generated a return of 2.92% in 1 year

Who is the fund manager of HDFC Defence Fund?

The fund managers are Rahul Baijal, Dhruv Muchhal, Priya Ranjan.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Years. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.75%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹6498 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of HDFC Defence Fund?

The top 3 holdings of the fund are Bharat Electronics Ltd(19.36%), Hindustan Aeronautics Ltd Ordinary Shares(15.7%), Solar Industries India Ltd(14.2%)