HDFC Defence Fund - Direct Plan - IDCW

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Sectoral/Thematic

Fund House : HDFC Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 23.327 1.92%
(as on 19th December, 2025)

Crisil Rating

Not Rated

Rank not available for the fund

Fund Size

: ₹ 7402.96 Cr

(1.38% of Investment in Category)

Expense Ratio

: 0.8%

(0.89% Category average)

Risk-O-Meter

Very High Risk

Sectoral/Thematic :Sectoral/Thematic : The fund has 98.32% investment in domestic equities of which , 32.56% is in Mid Cap stocks, 18.7% in Small Cap stocks.

Suitable For : Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds. At the same time, these investors should also be ready for possibility of moderate to high losses in their investments even though overall market is performing better.

1M
3M
6M
1Y
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ALL

This Scheme

VS

Benchmark
Nifty India Defence TRI

-8.8%

-9.52%

-13.57%

11.88%

36.53%

56.69%

37.76%
NA
-1.2%

-0.41%

5.05%

3.21%

14.7%

19.61%

13.15%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Returns (NAV as on 19th December, 2025)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	12-Dec-25	9956.90	-0.43%	-	-0.27%	152/230
1 Month	19-Nov-25	9190.70	-8.09%	-	-1.20%	231/231
3 Month	19-Sep-25	9067.80	-9.32%	-	-0.41%	225/225
6 Month	19-Jun-25	9087.60	-9.12%	-	5.05%	215/216
YTD	01-Jan-25	10640.40	6.40%	-	4.48%	65/201
1 Year	19-Dec-24	10395.30	3.95%	3.95%	3.21%	82/196
2 Year	19-Dec-23	15417.70	54.18%	24.13%	14.70%	5/146
Since Inception	02-Jun-23	23306.00	133.06%	39.34%	13.15%	1/204

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 19th December, 2025)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	19-Dec-24	12000	12385.95	3.22 %	6 %
2 Year	19-Dec-23	24000	27030.63	12.63 %	11.87 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.

Portfolio (Updated on 30th Nov,2025)

Portfolio Turnover Ratio : 14.67% | Category average turnover ratio is 167.64%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 98.32% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.32%

No of Stocks : 23 (Category Avg - 44.43) | Large Cap Investments : 0%| Mid Cap Investments : 32.56% | Small Cap Investments : 18.7% | Other : 47.06%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Bharat Electronics Ltd.	Aerospace & defense	13929.5	18.82%	0.31%	21.44% (Feb 2025)	18.51% (Oct 2025)	3.38 Cr	10.00 L
Hindustan Aeronautics Ltd.	Aerospace & defense	10222.7	13.81%	-0.13%	20.34% (Apr 2025)	13.81% (Nov 2025)	22.50 L	0.00
Bharat Forge Ltd.	Castings & forgings	9547.7	12.90%	1.50%	12.9% (Nov 2025)	0% (Dec 2024)	66.59 L	1.59 L
Solar Industries India Ltd.	Explosives	8164.4	11.03%	-0.27%	16.18% (Jun 2025)	7.64% (Dec 2024)	6.15 L	0.00
BEML Ltd.	Construction vehicles	5212.7	7.04%	-1.26%	10.49% (Jan 2025)	7.04% (Nov 2025)	28.52 L	14.26 L
Bharat Dynamics Ltd.	Aerospace & defense	4088.1	5.52%	0.36%	5.52% (Nov 2025)	0% (Dec 2024)	27.01 L	1.50 L
Astra Microwave Products Ltd.	Aerospace & defense	3828.6	5.17%	-0.49%	6.34% (Aug 2025)	4.86% (Mar 2025)	41.06 L	0.00
MTAR Technologies Ltd.	Aerospace & defense	2688.6	3.63%	0.05%	3.63% (Nov 2025)	2.27% (Aug 2025)	10.62 L	0.00
Eicher Motors Ltd.	2/3 wheelers	2468.7	3.33%	0.55%	3.33% (Nov 2025)	0% (Dec 2024)	3.50 L	50.00 k
Premier Explosives Ltd.	Explosives	2433.3	3.29%	-0.72%	4.09% (Dec 2024)	2.46% (Jul 2025)	45.88 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	1.89%
Net Receivables	Net Receivables	-0.21%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 01st January, 1970)

No data available. Ratios are only available for the funds which are 3 years old.

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Nippon India Taiwan Equity Fund - Direct Plan - Growth	NA	423.45	5.81	5.38	38.16	44.89	36.72
Aditya Birla Sun Life International Equity Fund - Direct Plan - Growth	NA	273.54	4.23	2.73	14.97	34.32	16.57
Nippon India Japan Equity Fund - Direct Plan - Growth	NA	289.88	4.33	2.24	13.07	22.58	17.31
Franklin Asian Equity Fund - Direct - Growth	NA	297.29	1.51	3.45	16.52	21.63	12.18
Quant BFSI Fund - Direct Plan - Growth	NA	728.97	-0.16	5.97	15.63	21.49	0.00
DSP Banking & Financial Services Fund - Direct Plan - Growth	NA	1582.52	0.19	5.18	7.58	19.91	0.00
HDFC Transportation and Logistics Fund - Direct Plan - Growth	NA	1747.87	-1.28	-2.46	19.04	19.49	0.00
ITI Banking and Financial Services Fund - Direct Plan - Growth	NA	348.01	-0.65	7.55	9.14	19.28	14.88
SBI Automotive Opportunities Fund - Direct Plan - Growth	NA	5379.86	1.69	3.24	19.00	18.89	0.00
UTI Transportation and Logistics Fund - Direct Plan - Growth	NA	4067.49	-0.17	-0.94	15.76	18.59	25.67

Detailed Comparison

More Funds from HDFC Mutual Fund

Out of 87 mutual fund schemes offered by this AMC, 5 is/are ranked 5 * , 6 is/are ranked 4 * , 11 is/are ranked 3 * , 6 is/are ranked 2 * , 1 is/are ranked 1 * , and 58 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HDFC Balanced Advantage Fund - Direct Plan - Growth	4	107971.20	-0.77	1.53	3.93	6.38	18.13
HDFC Flexi Cap Fund - Direct Plan - Growth	5	94068.73	-1.15	0.49	5.89	10.22	21.48
HDFC Mid Cap Fund - Direct Plan - Growth	4	92168.85	-0.60	2.45	7.94	6.29	25.76
HDFC Liquid Fund - Direct Plan - Growth	3	63736.88	0.46	1.44	2.90	6.62	7.02
HDFC Large Cap Fund - Direct Plan - Growth	3	40617.55	-0.17	1.58	5.07	6.70	15.92
HDFC Small Cap Fund - Direct Plan - Growth	4	38020.31	-2.91	-4.99	2.98	-1.95	20.84
HDFC Money Market Fund - Direct Plan - Growth	3	37517.18	0.44	1.48	3.04	7.57	7.62
HDFC Corporate Bond Fund - Direct Plan - Growth	2	36381.68	0.01	1.43	2.33	7.51	7.91
HDFC Large and Mid Cap Fund - Direct Plan - Growth	4	28892.10	-1.18	0.03	4.60	4.76	20.33
HDFC Focused Fund - Direct Plan - Growth	5	26229.60	-1.40	-0.05	5.52	10.23	21.72