HDFC Defence Fund

Q: What are the returns of this mutual fund scheme?

The HDFC Defence Fund is a 2 yrs 5 m old fund and has delivered average annual returns of 45.93% since inception. HDFC Defence Fund Returns 1-Year Since Inception 23.43% 45.93%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Defence Fund has an expense ratio of 1.81% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹24.755+0.08% 1 day change	45.93% p.a.	App exclusive #NA View Ranked Funds	₹7,024 Cr

Historical NAV & returns

NAV: ₹24.755 as on Oct 20, 2025

This fund Category average

HDFC Defence Fund overview

AUM (Fund size)	₹7,024 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 1 year.!
Lock-in Period	Nil
Age	2 yrs 5 m since May 19, 2023
Benchmark	Nifty India Defence TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.81% as on Sep 30, 2025
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

HDFC Defence Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 17, 2025

Period	This fund	Category average
1 Month	1.56%	1.43%
3 Months	5.43%	4.29%
6 Months	22.38%	13.8%
1 Year	23.43%	6.42%
2 Years	47.06%	21.92%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 49%

Mid Cap 15.78%

Small Cap 33.75%

Other Cap 0%

Top holdings

Bharat Electronics Ltd.18.88%

Hindustan Aeronautics Ltd.15.21%

Solar Industries India Ltd.11.67%

Bharat Forge Ltd.9.58%

Top sectors

Capital Goods 65.18%

Chemicals 15.36%

Automobile 10.83%

Communication 5.74%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Net Current Assets 1.12%

Repo 0.35%

Other Holdings

Others 1.12%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Defence Fund	1.56%	22.38%	23.43%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	0.59%	14.44%	7.1%	26.37%	29.79%	13.64%
ICICI Prudential Exports and Services Fund	2.69%	8.01%	6.63%	20.43%	24.09%	13.34%
Sundaram Services Fund	3.41%	10.44%	11.27%	18.83%	24.91%	13.72%
ICICI Prudential Commodities Fund	-0.09%	12.73%	12.0%	20.23%	31.64%	15.83%
UTI Transportation and Logistics Fund	0.6%	24.26%	15.81%	24.93%	27.35%	12.73%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Defence Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.94	1.07	1.17	1.62
ICICI Prudential Exports and Services Fund	11.21	0.82	1.13	2.32
Sundaram Services Fund	12.43	0.87	0.89	1.47
ICICI Prudential Commodities Fund	14.96	0.98	0.9	1.42
UTI Transportation and Logistics Fund	15.96	0.88	1.06	1.42

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Defence Fund	N.A.	7,024 Cr	2 yrs 5 m	1.81%
ICICI Prudential Manufacturing Fund	N.A.	6,608 Cr	7 yrs 1 m	1.82%
ICICI Prudential Exports and Services Fund	N.A.	1,374 Cr	20 yrs	2.27%
Sundaram Services Fund	N.A.	4,426 Cr	7 yrs 1 m	1.86%
ICICI Prudential Commodities Fund	N.A.	3,059 Cr	6 yrs 1 m	1.98%
UTI Transportation and Logistics Fund	N.A.	3,968 Cr	20 yrs 2 m	1.9%

View all Thematic funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare HDFC Defence Fund in detail with

About this fund

About HDFC Defence Fund

HDFC Defence Fund is a Thematic mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 2 yrs 5 m, having been launched on 19/05/2023. HDFC Defence Fund has ₹7,024 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Defence Fund as of 20/10/2025 is ₹24.75. The fund has an expense ratio of 1.81%, which is higher than what most other Thematic funds charge.

HDFC Defence Fund returns of last 1-year are 13.40%. Since launch, it has delivered 46.21% average annual returns. The fund has doubled the money invested in it every 2 yrs.
The fund has the majority of its money invested in Capital Goods, Chemicals, Automobile, Communication, Construction sectors. It has taken less exposure in Capital Goods, Chemicals sectors compared to other funds in the category.
The fund's top 5 holdings are in Bharat Electronics Ltd., Hindustan Aeronautics Ltd., Solar Industries India Ltd., Bharat Forge Ltd., BEML Ltd..

...

Fund AUM	7,024 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Abhishek Poddar

Mr. Poddar has done B.Com, CA, ACMA and MBA Prior to joining HDFC Mutual Fund, he has worked with Kotak Sec., Tata Capital, Anand Rathi Sec., Vedanta Resources Plc and EY

Investment objective

The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Infrastructure Fund	N.A.	2,522 Cr	4.74%	34.78%
HDFC Small Cap Fund	N.A.	36,828 Cr	6.78%	30.13%
HDFC Mid Cap Fund	N.A.	84,855 Cr	9.09%	29.92%
HDFC Focused Fund	N.A.	23,533 Cr	10.83%	29.28%
HDFC Flexi Cap Fund	N.A.	85,560 Cr	10.8%	29.18%
HDFC Large and Mid Cap Fund	N.A.	26,949 Cr	6.65%	26.59%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Defence Fund?

The current Net Asset Value (NAV) of the HDFC Defence Fund plan is approximately ₹24.755 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Defence Fund is a 2 yrs 5 m old fund and has delivered average annual returns of 45.93% since inception.

HDFC Defence Fund Returns

1-Year	Since Inception
23.43%	45.93%

How much does this mutual fund charge as expense ratio?

The HDFC Defence Fund has an expense ratio of 1.81%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HDFC Defence Fund currently has assets under management (AUM) or fund size valued at approximately 7,024 Cr as on Sep 30, 2025.

What are the top stock holdings of HDFC Defence Fund?

The HDFC Defence Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Bharat Electronics Ltd.	18.88%
Hindustan Aeronautics Ltd.	15.21%
Solar Industries India Ltd.	11.67%
Bharat Forge Ltd.	9.58%
BEML Ltd.	8.83%
Astra Microwave Products Ltd.	5.74%
Bharat Dynamics Ltd.	5.42%
Premier Explosives Ltd.	3.69%
Cyient DLM Ltd.	3.31%
MTAR Technologies Ltd.	2.8%

What are the top sectors HDFC Defence Fund has invested in?

The HDFC Defence Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Capital Goods	65.18%
Chemicals	15.36%
Automobile	10.83%
Communication	5.74%
Construction	1.17%
Services	0.25%

What is risk level of HDFC Defence Fund?

This is a Thematic fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in HDFC Defence Fund?

Redeeming your investments in the HDFC Defence Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 1 year.