This Defence Mutual Fund Has Given Over 8% in Just One Month: Check the Details

The recent recovery in the Indian stock markets has brought renewed attention to the Defence sector, once a favourite among investors. After a phase of sharp corrections, most Defence stocks have shown a strong bounce back over the past week, regaining their lost glory. Amid this resurgence, the performance of sectoral mutual funds focused on Defence has come under the spotlight, especially the HDFC Defence Fund.

About HDFC Defence Fund

Launched in June 2023 by HDFC Mutual Fund, the HDFC Defence Fund quickly became a popular choice among investors due to its focus on the promising Defence sector. However, like many sector-specific funds, it faced turbulence and underperformed during recent market volatility.

That said, the fund has staged an impressive recovery, delivering 8.20% returns in the past month. Since its inception, the fund has provided 68.34% cumulative returns, making it a notable performer in its category.

Key Details of the Fund

• Net Asset Value (NAV): Rs 21.73 (as of November 27, 2024)
• Average Asset Size: Rs 3,915.05 crore (ICRA Analytics)
• Fund Managers: Abhishek Poddar and Dhruv Muchhal
• Minimum Investment Required: Rs 100
• Exit Load: 1% (if redeemed within one year)

Top 5 Holdings of HDFC Defence Fund

The fund invests in leading Defence companies, which have shown strong fundamentals and market positioning. Its top holdings include:

1. Hindustan Aeronautics Ltd (HAL)
2. Bharat Electronics Ltd (BEL)
3. Cyient DLM Ltd
4. BEML Ltd
5. Solar Industries India Ltd

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.