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HDFC Defence Fund - Growth Option - Direct Plan is an equity scheme managed by HDFC Mutual Fund. The total expense ratio is 0.83% on assets of ₹9,124Cr. The fund is currently managed by Mr. Rahul Baijal, appointed within the last year.
Lower is better.
This scheme classifies as Large-Growth on the 3x3 equity style box, with 96% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| BHARAT ELECTRONICS LIMITED | Industrials | 16.55% |
| BHARAT FORGE LIMITED | Consumer Cyclical | 14.57% |
| Hindustan Aeronautics Ltd | Industrials | 12.96% |
| SOLAR INDUSTRIES INDIA LIMITED | Basic Materials | 10.79% |
| MTAR TECHNOLOGIES LIMITED | Industrials | 5.66% |
| ASTRA MICROWAVE PRODUCTS LIMITED | Technology | 5.08% |
| Bharat Dynamics Limited | Industrials | 4.49% |
| EICHER MOTORS LIMITED | Consumer Cyclical | 4.29% |
| Premier Explosives Ltd. | Basic Materials | 2.87% |
| Mazagon Dock Shipbuilders Limited | Industrials | 2.68% |
| CYIENT DLM PRIVATE LIMITED | Technology | 2.37% |
| DATA PATTERNS (INDIA) LIMITED | Industrials | 2.37% |
| CENTUM ELECTRONICS LIMITED | Basic Materials | 2.21% |
| BOSCH LIMITED | Consumer Cyclical | 2.15% |
| POWER MECH PROJECTS LIMITED | Industrials | 0.83% |
| AEQUS PRIVATE LIMITED | Industrials | 0.82% |
| RISHABH INSTRUMENTS LTD | Technology | 0.30% |
| JNK India Limited | Industrials | 0.22% |
| IDEAFORGE TECHNOLOGY LIMITED | Technology | 0.21% |
| DIFFUSION ENGINEERS LIMITED | Industrials | 0.19% |
| Sector | Holdings | Weight |
|---|---|---|
| Capital Goods | — | 61.77% |
| Automobile and Auto Components | — | 21.81% |
| Chemicals | — | 13.66% |
| Construction | — | 0.83% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -1.45% | 12.11% | 21.62% | 56.98% | 146.27% | 98.6% |
Top-10 weight 79.9% means the manager bets the fund's outcome on a small basket. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.