HDFC Defence Fund
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies.
Growthvine rating: 4/5 — ranked #28 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹29.14 (as of 2026-10-01) |
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| AUM | ₹11,478 Cr |
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| Expense ratio | 1.48% |
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| Riskometer | Very High |
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| Fund manager | Priya Ranjan |
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| Exit load | 1% for redemption within 1 year |
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Performance & risk
| Sharpe ratio | 0.98 |
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| Standard deviation | 31.07% |
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| Max drawdown | −35.01% |
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| Alpha | 20.75 |
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| Beta | 1.61 |
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Over 5 years, captured 201.4% of Nifty 500's upside and 99.0% of its downside.
Market cap allocation
| Large cap | 44.7% |
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| Mid cap | 25.5% |
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| Small cap | 29.8% |
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Concentration
| Top 5 holdings | 58.5% |
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| Top 10 holdings | 79.7% |
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| Total holdings | 24 |
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Top holdings
- Bharat Electronics Ltd. — 15.2%
- Bharat Forge Ltd — 13.4%
- Hindustan Aeronautics Limited — 12.6%
- Solar Industries India Limited — 10.8%
- Astra Microwave Products Ltd. — 6.6%
- BEML Ltd — 4.9%
- MTAR Technologies Limited — 4.6%
- Eicher Motors Ltd. — 4.2%
- Bosch Ltd — 4.0%
- Mazagon Dock Shipbuilders Limited — 3.6%
Top sectors
- Aerospace & Defence — 46.0%
- Automobile — 22.6%
- Chemicals — 13.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 24.7% | Q1 (Top) | #1 of 167 |
| 2025 | 9.6% | Q1 (Top) | #27 of 132 |
| 2024 | 40.2% | Q1 (Top) | #2 of 86 |