MF Tracker: Is HDFC Defence Fund a good fit for your portfolio?
HDFC Defence Fund, the only active fund based on the defence sector, has gained significant investor attention since its launch in June 2023. The scheme manages assets of Rs 4,647.38 crore as on December 31, 2024.
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This active fund in the defence sector is unrated by ValueResearch and Morningstar. According to ValueResearch, there are different parameters on which the rating is given so if the fund does not qualify these parameters the rating is not given.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-118002058»>Being the only active fund based on the defence sector, the performance of the scheme was compared to its respective benchmark only. On the basis of trailing returns, the scheme has offered 46.87% CAGR since its inception. In the last one year, the scheme has offered an absolute return of 22%. The scheme is benchmarked against Nifty India Defence — TRI which has offered 43.26% in the last one year. Since the last six months, the performance has been on the negative side.
The scheme has failed to outperform its benchmark across horizons except for in the last six months. In the last six months, the fund lost around 13.18% against the loss of 14.14% by its benchmark in the same period. The scheme in the last three months lost 8.27%.
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