HDFC Defence Fund, the only active mutual fund focused on the defense sector, has doubled investors' money in just nine months, delivering a return of 102.26% during this period.
The scheme yielded approximately a 38.87% return in the last three months and about 55.16% in the last six months. Over the past year, the scheme has delivered a return of 130.44%.
If an investor had started a monthly SIP of Rs 10,000 since the inception of the fund, the investment would now be valued at Rs 2.28 lakh, achieving an XIRR (Extended Internal Rate of Return) of 147.90%. The total amount invested would have been Rs 1.30 lakh. (Source: ACE MF)
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An initial lumpsum investment of Rs 1 lakh made by the investor in the fund since its inception would now be valued at Rs 2.45 lakh, reflecting a CAGR (Compound Annual Growth Rate) of 122.95%. (Source: ACE MF)
The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of defence and allied sector companies.
The portfolio of the scheme is diversified across 20 stocks with the highest allocation in Hindustan Aeronautics at around 21.22%, followed by Bharat Electronics with a 19.80% allocation. The fund manages assets of Rs 3,665 crore as of June 2024. (Source: ACE MF)
The scheme is benchmarked against Nifty India Defence — TRI, which provided a return of 146.17% in the last nine months. Over