This defence MF gave over 100% return in a year. Worth a look ahead of Budget?
HDFC Defence Fund, the only active fund based on the defence sector, has offered more than 100% return in the last one year. The scheme gave 128.52% return in the said period.
The scheme has offered around 60.16% return in 2024 so far and around 55.25% return in the last six months.
What is helping defence sector based mutual funds deliver this stellar performance?
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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-111825442»>“Global military importance has been on the rise in recent years driven by geopolitical tensions such as Russia — Ukraine War, Israel’s Gaza offensive, and Middle East Tension.The world shifting from Unipolar to Multipolar— the rise of economies in Asia Pacific challenging military dominance of Western countries. The trend of protectionism in defense seen in various countries is spreading globally. India’s defense has challenges like ongoing terrorism issues, border issues with neighboring countries, large land and coastlines to safeguard,” said Vishal Dhawan, CEO, Plan Ahead Wealth Advisors, a wealth management firm in Mumbai.
He further added that, “According to a report by Jefferies, with an estimated domestic defence opportunity ranging between USD 100-120 billion over the next 5-6 years, the sector anticipates a 13% industry compound annual growth rate (CAGR) from FY23 to FY30. India recorded the highest-ever annual domestic defense production in 2023-24, reaching Rs 1.3 lakh crore in terms of value, which represents a 16.7% growth over the
