Name	Sector	Instruments	Assets
Bharat Electronics Ltd.	Capital Goods	Equity	18.29%
Hindustan Aeronautics Ltd.	Capital Goods	Equity	13.66%
Bharat Forge Ltd.	Automobile	Equity	13.25%
Solar Industries India Ltd.	Chemicals	Equity	10.20%
BEML Ltd.	Capital Goods	Equity	7.18%
Bharat Dynamics Ltd.	Capital Goods	Equity	5.84%
Astra Microwave Products Ltd.	Communication	Equity	5.46%
MTAR Technologies Ltd.	Capital Goods	Equity	3.47%
Eicher Motors Ltd.	Automobile	Equity	3.46%
Premier Explosives Ltd.	Chemicals	Equity	3.26%
Cyient DLM Ltd.	Capital Goods	Equity	3.10%
Mazagon Dock Shipbuilders Ltd.	Capital Goods	Equity	2.07%
Centum Electronics Ltd.	Capital Goods	Equity	1.92%
Data Patterns (India) Ltd.	Capital Goods	Equity	1.88%
Avalon Technologies Ltd.	Capital Goods	Equity	1.19%
Power Mech Projects Ltd.	Construction	Equity	0.94%
Bosch Ltd.	Automobile	Equity	0.87%
Cummins India Ltd.	Capital Goods	Equity	0.83%
The Anup Engineering Ltd.	Capital Goods	Equity	0.77%
Rishabh Instruments Ltd.	Capital Goods	Equity	0.52%
Diffusion Engineers Ltd.	Capital Goods	Equity	0.26%
ideaForge Technology Ltd.	Capital Goods	Equity	0.20%
JNK India Ltd.	Capital Goods	Equity	0.20%
Aequs Ltd.	Technology	Equity	0.13%

See All

Minimum investments

Min. for 1st investment

Not Supported

Min. for 2nd investment

Not Supported

Min. for SIP

Not Supported

Returns and rankings

Annualised returns

Absolute returns

Name	3M	6M	1Y	All
Fund returns	-2.1%	-8.1%	+8.5%	+134.9%
Category average (Equity Thematic)	--	--	+1.7%	--
Rank (Equity Thematic)	62	49	12	--

Exit load, stamp duty and tax

Exit load

Exit load of 1%, if redeemed within 1 year.

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Check past data

Fund management

RB
Rahul Baijal
Apr 2025 - Present
View details

Education

Mr. Baijal has done PGDM(MBA) from IIM Calcutta and is an engineering graduate of Delhi college of Engineering

Experience

Prior to joining HDFC Mutual Fund, he has worked with Sundaram Mutual Fund, Bharti AXA Life Insurance, TVF Capital, HSBC Securities, Credit Suisse Securities & Standard Chartered Bank.

Also manages these schemes

HDFC Large Cap Fund Growth

HDFC Business Cycle Fund Growth

HDFC MNC Fund Growth

HDFC Defence Fund Growth

PR
Priya Ranjan
Apr 2025 - Present
View details

Education

Mr. Ranjan is B.E(Computer Science) and PGDBM (Finance).

Experience

He has over 14 years of experience in equity research.

Also manages these schemes

HDFC Gilt Fund Growth

HDFC Transportation and Logistics Fund Growth

HDFC Dividend Yield Fund Growth

HDFC Defence Fund Growth

DM
Dhruv Muchhal
Jun 2023 - Present
View details

Education

Mr. Dhruv has done B.Com, CA and CFA

Experience

Prior to joining HDFC MF,he has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics and Deloitte Haskins & Sells

Also manages these schemes

HDFC Focused Fund Growth

HDFC Non Cyclical Consumer Fund Growth

HDFC Children's Fund Plan

HDFC Flexi Cap Fund Growth

HDFC Value Fund Growth

HDFC Arbitrage Fund Wholesale Growth

HDFC Infrastructure Fund Growth

HDFC Arbitrage Fund Retail Growth

HDFC Ultra Short Term Fund Growth

HDFC Corporate Bond Fund Growth

HDFC Equity Savings Fund Growth

HDFC Diversified Equity All Cap Active FoF Growth

HDFC Low Duration Fund Growth

HDFC Business Cycle Fund Growth

HDFC MNC Fund Growth

HDFC Balanced Advantage Fund Growth

HDFC Transportation and Logistics Fund Growth

HDFC Retirement Savings Fund Equity Plan Growth

HDFC Banking & Financial Services Fund Growth

HDFC Income Fund Growth

HDFC Large Cap Fund Growth

HDFC Floating Rate Debt Fund Growth

HDFC Technology Fund Growth

HDFC Banking and PSU Debt Fund Growth

HDFC Liquid Fund Growth

HDFC Mid Cap Fund Growth

HDFC Pharma And Healthcare Fund Growth

HDFC Credit Risk Debt Fund Growth

HDFC Innovation Fund Growth

HDFC Multi Cap Fund Growth

HDFC Small Cap Fund Growth

HDFC Long Duration Debt Fund Growth

HDFC Multi Asset Allocation Fund Growth

HDFC Medium Term Debt Fund Growth

HDFC Retirement Savings Fund Hybrid Equity Plan Growth

HDFC Housing Opportunities Fund Growth

HDFC Retirement Savings Fund Hybrid Debt Plan Growth

HDFC Short Term Debt Fund Growth

HDFC Money Market Fund Growth

HDFC Dynamic Debt Fund Growth

HDFC Overnight Fund Growth

HDFC Large and Mid Cap Fund Growth

HDFC ELSS Tax Saver Fund Growth

HDFC Hybrid Equity Fund Growth

HDFC Manufacturing Fund Growth

HDFC Hybrid Debt Fund Growth

HDFC Defence Fund Growth

About HDFC Defence Fund Growth

HDFC Defence Fund Growth is a Equity Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999. Rahul Baijal is the Current Fund Manager of HDFC Defence Fund Growth fund. The fund currently has an Asset Under Management(AUM) of ₹9,39,182 Cr and the Latest NAV as of 09 Jan 2026 is ₹23.77. The HDFC Defence Fund Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Exit load of 1%, if redeemed within 1 year. ;

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.

Fund benchmarkNifty India Defence Total Return Index

Scheme Information Document(SID)