HDFC Defence Fund increase stake in HAL, Bharat Electronics & 6 other stocks in April
HDFC Defence Fund, the only actively managed fund based on the defence sector, increased its stake in Hindustan Aeronautics ( HAL), Bharat Electronics and six other stocks in April, according to the monthly portfolio data by ACE MF.
According to the data, the fund added 1.75 lakh shares of HAL to its portfolio and had total shares of around 27.25 lakh in the April portfolio compared to 25.50 lakh shares in March. Around nine lakh shares of Bharat Electronics were added to the portfolio and the fund had a total 3.50 crore shares in its portfolio in April compared to 3.41 crore in March.
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Among the other six stocks, the fund added the maximum number of shares of Aequs. The fund added 22.32 lakh shares of Aequs to its portfolio and had 40 lakh shares in its portfolio in April compared to 17.68 lakh shares in March.
The other five stocks where the fund increased its stake in April were BEML, Bharat Forge, Bosch, Eicher Motors, and Premier Explosives.
The defence sector based fund reduced its stake in only one stock which was Rishabh Instruments. The fund offloaded 82,361 shares of this stock and had 5.84 lakh shares in its portfolio in April compared to 6.66 lakh in March.
The fund did not made complete exit from any stock nor added any new stock to its portfolio in April.
The exposure in 13 stocks remained unchanged which includes Centum Electronics, Astra Microwave Products, Solar Industries, Diffusion Engineers, MTAR Technologies, Cyient DLM, Bharat Dynamics, Mazagon Dock Shipbuilders, Data Patterns (India), Sedemac Mechatronics, Ideaforge Technology, Power Mech Projects and JNK India.
In April, the fund had 22 stocks in its portfolio, the same as the one in the March portfolio. The portfolio of the fund is spread across 22 sectors. It had an AUM of Rs 9,123 crore as of April 2026.
The fund holds 49.43% in large caps, 19.05% in mid caps, 28.79% in small caps and 2.73% in others. Based on the percentage to NAV, the fund had the highest allocation in Bharat Electronics of around 16.55%, followed by Bharat Forge where the fund had 14.57% in April.
Launched on June 2, 2023, the performance is benchmarked against Nifty India Defence - TRI and is managed by Rahul Baijal and Priya Ranjan.
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HDFC Defence Fund is an open-ended equity scheme investing in Defence & allied sector companies. The investment objective of the fund is to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies.
The fund is suitable for investors who are seeking to generate long-term capital appreciation/income and want investment predominantly in equity and equity related instruments of defence and allied sector companies.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.
According to the data, the fund added 1.75 lakh shares of HAL to its portfolio and had total shares of around 27.25 lakh in the April portfolio compared to 25.50 lakh shares in March. Around nine lakh shares of Bharat Electronics were added to the portfolio and the fund had a total 3.50 crore shares in its portfolio in April compared to 3.41 crore in March.
Also Read | Sectoral & thematic mutual funds see decline of 28% in monthly inflows in April. Are investors turning cautious?
Among the other six stocks, the fund added the maximum number of shares of Aequs. The fund added 22.32 lakh shares of Aequs to its portfolio and had 40 lakh shares in its portfolio in April compared to 17.68 lakh shares in March.
The other five stocks where the fund increased its stake in April were BEML, Bharat Forge, Bosch, Eicher Motors, and Premier Explosives.
The defence sector based fund reduced its stake in only one stock which was Rishabh Instruments. The fund offloaded 82,361 shares of this stock and had 5.84 lakh shares in its portfolio in April compared to 6.66 lakh in March.
The fund did not made complete exit from any stock nor added any new stock to its portfolio in April.
The exposure in 13 stocks remained unchanged which includes Centum Electronics, Astra Microwave Products, Solar Industries, Diffusion Engineers, MTAR Technologies, Cyient DLM, Bharat Dynamics, Mazagon Dock Shipbuilders, Data Patterns (India), Sedemac Mechatronics, Ideaforge Technology, Power Mech Projects and JNK India.
In April, the fund had 22 stocks in its portfolio, the same as the one in the March portfolio. The portfolio of the fund is spread across 22 sectors. It had an AUM of Rs 9,123 crore as of April 2026.
The fund holds 49.43% in large caps, 19.05% in mid caps, 28.79% in small caps and 2.73% in others. Based on the percentage to NAV, the fund had the highest allocation in Bharat Electronics of around 16.55%, followed by Bharat Forge where the fund had 14.57% in April.
Launched on June 2, 2023, the performance is benchmarked against Nifty India Defence - TRI and is managed by Rahul Baijal and Priya Ranjan.
Also Read | Gold ETF inflows jump 34% to Rs 3,040 crore in April; silver ETFs log third straight outflow
HDFC Defence Fund is an open-ended equity scheme investing in Defence & allied sector companies. The investment objective of the fund is to provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies.
The fund is suitable for investors who are seeking to generate long-term capital appreciation/income and want investment predominantly in equity and equity related instruments of defence and allied sector companies.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.
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