HDFC Defence Fund
HDFC Mutual Fund · Sectoral/Thematic · Regular plan, growth option
NAV (₹), 2 Oct 2026
29.1360
1-day change
-1.62%
1Y return
21.4%
3Y CAGR
34.7%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 2 Jun 2023 to 1 Oct 2026
Returns vs Sectoral/Thematic median (259 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -3.9% | -5.4% |
| 3 months | -1.5% | -3.1% |
| 6 months | 28.0% | 8.5% |
| Year to date | 24.7% | -2.6% |
| 1 year | 21.4% | 0.0% |
| 3 years (CAGR) | 34.7% | 11.7% |
| 5 years (CAGR) | n/a | 10.6% |
| 7 years (CAGR) | n/a | 15.7% |
| 10 years (CAGR) | n/a | 13.3% |
| Since first NAV (CAGR) | 37.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 21.4% | 9.8% |
| 3Y rolling median | 39.7% | 15.6% |
| 3Y rolling worst | 34.4% | 0.6% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 71% |
| 5Y rolling median | n/a | 14.2% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 70% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 31.2% | 16.7% |
| Sharpe ratio | 0.92 | 0.34 |
| Sortino ratio | 1.75 | 0.51 |
| Beta | 1.58 | 0.96 |
| Alpha (ann.) | 23.2% | 2.3% |
| Upside capture | 242.10 | 103.56 |
| Downside capture | 118.61 | 96.87 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −35.0% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | n/a | −22.8% |
| Current drawdown | −7.3% | −8.8% |
| Recovery time of worst fall | 89 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 26 Aug 2026: fund manager from this date: FM 4 (Scheme Summary Document)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| FM 1 | Fund Manager of the scheme | 18 Apr 2025 |
| FM 2 | 18 Apr 2025 | |
| FM3 | n/a | |
| FM 4 | Fund Manager for investments in Gold/Silver instruments | 26 Aug 2026 |
Objective: To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies.There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity related instruments of Defence & Defence related companies/entities# : 80%- 100% Equity and equity related instruments of companies/entities other than above: 0% - 20% Units of InvITs: 0% - 10% Money market instruments, Other liquid instruments and Units of Mutual Fund^^: 0% - 20%Gold and Silver instruments: 0% - 20% #Stocks forming part of the Defence & Defence related theme include: (i) Stocks forming part of certain eligible ‘basic industries’ based on AMFI Industry classification including Aerospace & Defense, Explosives, Ship Building & Allied Services as amended from time to time; or (ii) Stocks from any other defence & allied sectors as per bench…
Benchmark (tier 1): Nifty India Defence Index TRI (Total Returns Index)
Exit load: In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 1 yearfrom the date of allotment. No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment. In respect of Systematic Transactions such as SIP, Flex SIP,STP, Flex STP, Swing STP, Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Minimum application: Rs.100
Allotment date: 2 Jun 2023
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | n/a | 2.65% |
| AUM, whole scheme (₹ crore) | 11,493 | 1,245 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 25.1% | 18.8% TRI |
| Return, 3 years (AMFI) | 35.4% | 42.3% TRI |
Official benchmark: Nifty India Defence TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 24.7% | -7.8% | +32.5% |
| 2025 | 9.6% | 7.7% | +1.9% |
| 2024 | 40.2% | 15.6% | +24.6% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,36,428 | 26.3% |
| 3 years | ₹3,60,000 | ₹5,11,422 | 24.2% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HDFC Mutual Fund
Category: Sectoral/Thematic
Plan / option: Regular · Growth
AMFI scheme code: 151751
ISIN: INF179KC1GL9
First NAV in MFIC data: 2 Jun 2023
History: 3.3 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| HSBC Infrastructure Fund | Sectoral/Thematic | 0.92 | 13.6% |
| Invesco India Infrastructure Fund | Sectoral/Thematic | 0.91 | 16.4% |
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.91 | n/a |
| LIC MF Manufacturing Fund | Sectoral/Thematic | 0.91 | n/a |
| LIC MF Infrastructure Fund | Sectoral/Thematic | 0.90 | 21.0% |
| Kotak Infrastructure and Economic Reform Fund | Sectoral/Thematic | 0.90 | 13.9% |
Questions about HDFC Defence Fund
- What is the latest NAV of HDFC Defence Fund?
- The NAV of the Regular plan (growth option) was ₹29.1360 on 2 Oct 2026, as published by AMFI.
- Which category is HDFC Defence Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 259 Sectoral/Thematic schemes (Regular plans).
- What returns has HDFC Defence Fund delivered?
- Over one year the NAV changed by 21.4%. The 3-year CAGR is 34.7% (category median 11.7%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 39.7%, the lowest was 34.4%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in HDFC Defence Fund's NAV?
- The largest peak-to-trough fall in its available history was 35.0%.
- How volatile is HDFC Defence Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 31.2%, which is above the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in HDFC Defence Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹5,11,422 on 2 Oct 2026, an annualised return (XIRR) of 24.2%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- How large is HDFC Defence Fund?
- Assets under management of the whole scheme were ₹11,493 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC Defence Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HDFC Defence Fund and how has it compared?
- Its official benchmark is the Nifty India Defence TRI. Over 3 years AMFI reports a return of 35.4% for this plan against 42.3% for the benchmark total return index. Past performance does not indicate future results.
- Who manages HDFC Defence Fund?
- According to its Scheme Summary Document, HDFC Defence Fund is managed by FM 1 (since 18 Apr 2025), FM 2 (since 18 Apr 2025), FM3, FM 4 (since 26 Aug 2026).
- What is the exit load of HDFC Defence Fund?
- As stated in its scheme documents: In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 1 yearfrom the date of allotment. No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment. In respect of Systematic Transactions such as SIP, Flex SIP,STP, Flex STP, Swing STP, Exit Load, if any, prevailing on the date of registration / enrolment shall be levied. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HDFC Defence Fund?
- The minimum application amount is Rs.100. SIP details: For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 22.6% and the Regular plan's by 21.4%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.