HDFC Defence Fund
NAV
₹31.63
as of 21 Aug 2026
HDFC Defence Fund is an open-ended Sectoral/ Thematic scheme from HDFC Mutual Fund managing ₹10,709 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹31.63 as of 21 Aug 2026. The expense ratio is 0.86% a year. Managed by Dhruv Muchhal. This page is factual data only — it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.86% / yr
- as of 30 Jun 2026
- Fund size
- ₹10,709 crore
- as of 31 Jul 2026
- Exit load
- 1%
- SIP available
- Yes
- ISIN
- INF179KC1GI5
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from NYVO’s own NAV data.
Rebased to 100data to 20 Aug 2026Benchmark: NIFTY India Defence Index TRI
HDFC Defence Fund
₹130
+30% on ₹100 over 2.1 yrs
Sectoral/ Thematic average
₹134
+34% on ₹100 over 2.1 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 10.98% | – | – |
| 6 months | 25.81% | – | – |
| 1 year | 32.71% | – | – |
| 3 years (CAGR) | 41.26% | – | – |
No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible — read that number first.
1-year holding periods
- Worst
- -1.4%
- Median
- 20.1%
- Best
- 135.8%
27 windows over the last 38 months, stepped monthly; 96% ended positive. Worst window began 1 Aug 2024. Windows overlap — this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 40.1%
- Median
- 41.3%
- Best
- 44.5%
3 windows over the last 38 months, stepped monthly; 100% ended positive. Worst window began 1 Aug 2023. Windows overlap — this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 1.03
- Sortino ratio (3Y)
- 1.99
- Standard deviation (3Y)
- 31.18%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high — how deep and for how long is what a drawdown feels like.
Deepest fall
-30.6%
Right now
-1.5% below peak
Where the money actually is
Equity
98.3%
Cash
1.7%
Whole-portfolio split, as of 31 Jul 2026.
What it owns
26 positions · top 10 = 79.9%
Market-cap mix
Large 42.9%Mid 25.4%Small 29.7%Other 2.0%
as of 31 Jul 2026
Holdings by sector
Industrials(6 in top 10)50.2%
- Bharat Electronics Ltd14.67%
- Hindustan Aeronautics Ltd Ordinary Shares12.37%
- BEML Ltd4.74%
- MTAR Technologies Ltd4.01%
- Bharat Dynamics Ltd Ordinary Shares3.80%
- Mazagon Dock Shipbuilders Ltd3.34%
Consumer Cyclical(2 in top 10)23.8%
- Bharat Forge Ltd14.82%
- Eicher Motors Ltd4.03%
Basic Materials(1 in top 10)13.8%
- Solar Industries India Ltd10.95%
Technology(1 in top 10)10.5%
- Astra Microwave Products Ltd7.16%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 10.3% a year.
The businesses it owns
- P/E (trailing)
- 49.0
- P/B
- 10.2
- Dividend yield
- 0.6%
- Net margin
- 15.5%
- Earnings growth
- 14.7%
- Avg market cap
- ₹73,251 crore
Quick answers
- What is the NAV of HDFC Defence Fund?
- ₹31.63 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of HDFC Defence Fund?
- 0.86% a year for the Direct plan, as of 30 Jun 2026.
- How large is HDFC Defence Fund?
- ₹10,709 crore under management as of 31 Jul 2026, in the Sectoral/ Thematic category.
- How risky is HDFC Defence Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What is the worst 3-year return of HDFC Defence Fund?
- 40.1% a year — the weakest of 3 overlapping 3-year holding periods, beginning 1 Aug 2023. The median was 41.3% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages HDFC Defence Fund?
- Dhruv Muchhal, managing this fund for 3.1 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund — growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,299 crore
- ICICI Prudential Business Cycle Fund₹16,123 crore
- ICICI Prudential Technology Fund₹13,540 crore
- ICICI Prudential Banking & Financial Services Fund₹11,229 crore
- SBI BANKING & FINANCIAL SERVICES FUND₹10,872 crore
- HDFC Manufacturing Fund₹10,590 crore
- Tata Digital India Fund₹10,214 crore
- HDFC Banking & Financial Services Fund₹4,630 crore
Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (NIFTY India Defence Index TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.