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 #29 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹30.52 (as of 2026-08-21) |
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| AUM | ₹10,709 Cr |
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| Expense ratio | 1.49% |
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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 | 1.01 |
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| Standard deviation | 31.15% |
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| Max drawdown | -35.01% |
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| Alpha | 20.75 |
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| Beta | 1.6 |
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Over 5 years, captured 196.4% of Nifty 500's upside and 106.0% of its downside.
Market cap allocation
| Large cap | 43.6% |
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| Mid cap | 25.9% |
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| Small cap | 30.5% |
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Concentration
| Top 5 holdings | 60.0% |
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| Top 10 holdings | 79.9% |
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| Total holdings | 24 |
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Top holdings
- Bharat Forge Ltd — 14.8%
- Bharat Electronics Ltd. — 14.7%
- Hindustan Aeronautics Limited — 12.4%
- Solar Industries India Limited — 10.9%
- Astra Microwave Products Ltd. — 7.2%
- BEML Ltd — 4.7%
- Eicher Motors Ltd. — 4.0%
- MTAR Technologies Limited — 4.0%
- Bharat Dynamics Limited — 3.8%
- Mazagon Dock Shipbuilders Limited — 3.3%
Top sectors
- Aerospace & Defence — 46.8%
- Automobile — 23.1%
- Chemicals — 13.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 30.6% | Q1 (Top) | #1 of 167 |
| 2025 | 9.6% | Q1 (Top) | #27 of 132 |
| 2024 | 40.2% | Q1 (Top) | #2 of 86 |