What stocks does HDFC Defence Fund hold?

HDFC Defence Fund holds a portfolio of Indian equity stocks disclosed monthly by HDFC Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages HDFC Defence Fund?

HDFC Defence Fund is managed by HDFC Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is HDFC Defence Fund?

HDFC Defence Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is HDFC Defence Fund portfolio data updated?

Portfolio holdings for HDFC Defence Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← HDFC Mutual Fund

HDFC Defence Fund - Growth Option - Direct Plan

Equity Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹9,554.65 Cr

Equity only, excl. debt & cash

Top 5 Weight

60.0%

High concentration

Top 10 Weight

82.4%

High concentration

Changes

142

15 new · 120 exits

Top Sector

Aerospace & Defense

51.8% of portfolio

📋 What Happened This Month HDFC Defence Fund made 15 new additions and exited 120 stocks this month. The biggest new buy was Bharat Forge Limited (Auto Components) at 14.39% weight. HDFC Bank Limited was the biggest exit (Banks), which was held at 5.29%. Among existing holdings, Bharat Electronics Limited saw the biggest increase — now at 15.48% of the portfolio. Tata Motors Ltd was trimmed the most, now at 0.20%. Bharat Electronics Limited remains the top holding with Aerospace & Defense the dominant sector at 51.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · HDFC Defence Fund - Growth Option - Direct Plan

+3.59%

+30.94%

+25.36%

+17.34%

Latest NAV

₹30.24

24 Jun 2026

52W High

₹30.91

-2% from High

52W Low

₹16.50

+83% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+10.8%

2024

+41.9%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

39.5%

+ve in 99% windows

151.1% / -4.1%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-28.8%

Rec: May 2025 (4 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹30.24 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

HDFC Defence Fund - Growth Option - Direct Plan

Chart shows indexed performance (base = 100). Actual NAV: ₹30.24

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	20.7%	20.4%	▼ -0.3%
IT - Software	8.4%	7.6%	▼ -0.7%
Automobiles	6.4%	6.5%	● +0.0%
Pharmaceuticals & Biotechnology	6.1%	5.8%	▼ -0.2%
Finance	4.4%	4.8%	▲ +0.5%
Telecom - Services	3.9%	3.9%	● 0.0%
Construction	3.6%	3.8%	▲ +0.3%
Power	3.9%	3.8%	● -0.1%
Petroleum Products	3.7%	3.7%	● -0.1%
Industrial Products	3.3%	3.6%	▲ +0.2%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Aerospace & Defense	1.6%	51.8%	▲ +50.2%
Auto Components	1.5%	17.6%	▲ +16.1%
Chemicals & Petrochemicals	0.3%	15.3%	▲ +15.0%
Agricultural, Commercial & Construction Vehicles	0.6%	5.3%	▲ +4.6%
Automobiles	6.5%	4.1%	▼ -2.4%
Industrial Manufacturing	0.6%	3.1%	▲ +2.5%
Construction	3.8%	0.8%	▼ -3.0%
Electrical Equipment	2.4%	0.2%	▼ -2.2%
Industrial Products	3.6%	0.2%	▼ -3.4%
Agricultural Food & other Products	0.9%	0.0%	▼ -0.9%

🟢

Biggest New Buy

Bharat Forge Limited

14.39% weight · Auto Components

🔴

Biggest Exit

HDFC Bank Limited

5.29% was held · Banks

↑

Biggest Add

Bharat Electronics Limited

+14.80% · now 15.48%

↓

Biggest Trim

Tata Motors Ltd

-0.30% · now 0.20%

🤝 Other funds also bought this month

Solar Industries India Limited 26 funds

Bharat Forge Limited 17 funds

MTAR Technologies Limited 16 funds

Bharat Dynamics Limited 14 funds

Mazagon Dock Shipbuilders Limited 13 funds

Data Patterns (India) Limited 8 funds

👋 Other funds also exited

State Bank of India 29 funds

Kotak Mahindra Bank Limited 26 funds

Lupin Limited 25 funds

Canara Bank 23 funds

Maruti Suzuki India Limited 23 funds

ITC Limited 22 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 15 New Entries 🔴 120 Exits ↑ 6 Increased ↓ 1 Decreased

#	Stock	Sector	Weight (May 2026)
1	Bharat Forge Limited ₹1,399.46 Cr	Auto Components	14.39%
2	Solar Industries India Limited ₹1,163.85 Cr	Chemicals & Petrochemicals	11.97%
3	MTAR Technologies Limited ₹590.96 Cr	Aerospace & Defense	6.08%
4	Astra Microwave Products Limited ₹576.98 Cr	Aerospace & Defense	5.93%
5	Bharat Dynamics Limited ₹391.60 Cr	Aerospace & Defense	4.03%
6	Premier Explosives Ltd. ₹321.85 Cr	Chemicals & Petrochemicals	3.31%
7	Mazagon Dock Shipbuilders Limited ₹282.64 Cr	Industrial Manufacturing	2.91%
8	Centum Electronics Ltd. ₹246.14 Cr	Aerospace & Defense	2.53%
9	Cyient DLM Ltd ₹231.79 Cr	Aerospace & Defense	2.38%
10	Data Patterns (India) Limited ₹214.26 Cr	Aerospace & Defense	2.20%
11	SEDEMAC MECHATRONICS LTD ₹85.24 Cr	Auto Components	0.88%
12	Aequs Limited ₹76.63 Cr	Aerospace & Defense	0.79%
13	Power Mech Projects Limited ₹76.01 Cr	Construction	0.78%
14	Ideaforge Technology Limited ₹26.90 Cr	Aerospace & Defense	0.28%
15	JNK INDIA LIMITED ₹20.74 Cr	Industrial Manufacturing	0.21%

#	Stock	Sector	Last Weight (Apr 2026)
1	HDFC Bank Limited ₹300.96 Cr	Banks	5.29%
2	ICICI Bank Limited ₹271.00 Cr	Banks	4.77%
3	Axis Bank Limited ₹206.73 Cr	Banks	3.64%
4	Larsen & Toubro Limited ₹152.53 Cr	Construction	2.68%
5	Bharti Airtel Limited ₹148.25 Cr	Telecom - Services	2.61%
6	Reliance Industries Limited ₹143.08 Cr	Petroleum Products	2.52%
7	Maruti Suzuki India Limited ₹129.15 Cr	Automobiles	2.27%
8	Kotak Mahindra Bank Limited ₹121.70 Cr	Banks	2.14%
9	NTPC Limited ₹119.75 Cr	Power	2.11%
10	State Bank of India ₹117.53 Cr	Banks	2.07%
11	Tech Mahindra Limited ₹117.88 Cr	IT - Software	2.07%
12	Sun Pharmaceutical Industries Limited ₹113.92 Cr	Pharmaceuticals & Biotechnology	2.00%
13	SBI Life Insurance Company Limited ₹109.14 Cr	Insurance	1.92%
14	Bajaj Auto Limited ₹104.94 Cr	Automobiles	1.85%
15	Infosys Limited ₹98.09 Cr	IT - Software	1.72%
16	HCL Technologies Limited ₹86.34 Cr	IT - Software	1.52%
17	Tata Steel Limited ₹84.54 Cr	Ferrous Metals	1.49%
18	IndusInd Bank Limited ₹82.44 Cr	Banks	1.45%
19	Coal India Limited ₹81.85 Cr	Consumable Fuels	1.44%
20	Tata Consultancy Services Limited ₹81.78 Cr	IT - Software	1.44%
21	ITC Limited ₹72.43 Cr	Diversified FMCG	1.27%
22	Info Edge (India) Limited ₹70.47 Cr	Retailing	1.24%
23	Sterlite Technologies Limited ₹70.75 Cr	Telecom - Equipment & Accessories	1.24%
24	Oil & Natural Gas Corporation Limited ₹68.90 Cr	Oil	1.21%
25	Aster DM Healthcare Limited ₹66.78 Cr	Healthcare Services	1.17%
26	Hindustan Unilever Limited ₹64.15 Cr	Diversified FMCG	1.13%
27	Ambuja Cements Limited ₹59.08 Cr	Cement & Cement Products	1.04%
28	CESC Limited ₹58.36 Cr	Power	1.03%
29	Cipla Limited ₹57.16 Cr	Pharmaceuticals & Biotechnology	1.01%
30	PVR INOX Limited ₹56.96 Cr	Entertainment	1.00%
31	Hindustan Petroleum Corporation Limited ₹54.31 Cr	Petroleum Products	0.95%
32	Power Finance Corporation Limited ₹53.81 Cr	Finance	0.95%
33	Balrampur Chini Mills Limited ₹52.11 Cr	Agricultural Food & other Products	0.92%
34	Apollo Hospitals Enterprise Limited ₹51.16 Cr	Healthcare Services	0.90%
35	Cummins India Limited ₹49.99 Cr	Industrial Products	0.88%
36	UPL Limited ₹48.48 Cr	Fertilizers & Agrochemicals	0.85%
37	Nestle India Limited ₹46.68 Cr	Food Products	0.82%
38	TD Power Systems Limited ₹46.11 Cr	Electrical Equipment	0.81%
39	Cholamandalam Financial Holdings Limited ₹44.42 Cr	Finance	0.78%
40	RHI Magnesita India Limited ₹38.70 Cr	Industrial Products	0.68%
41	Vardhman Textiles Limited ₹38.82 Cr	Textiles & Apparels	0.68%
42	Fusion Finance Ltd ₹38.09 Cr	Finance	0.67%
43	Siemens Limited ₹38.08 Cr	Electrical Equipment	0.67%
44	Glenmark Pharmaceuticals Limited ₹37.55 Cr	Pharmaceuticals & Biotechnology	0.66%
45	Kaynes Technology India Limited ₹36.40 Cr	Industrial Manufacturing	0.64%
46	Wipro Limited ₹36.35 Cr	IT - Software	0.64%
47	AIA Engineering Limited ₹35.55 Cr	Industrial Products	0.63%
48	Blue Dart Express Limited ₹35.53 Cr	Transport Services	0.62%
49	REC Limited ₹35.43 Cr	Finance	0.62%
50	BEML Land Assets Limited ₹34.47 Cr	Finance	0.61%
51	HDFC Life Insurance Company Limited ₹34.63 Cr	Insurance	0.61%
52	VRL Logistics Limited ₹34.06 Cr	Transport Services	0.60%
53	NHPC Limited ₹33.28 Cr	Power	0.59%
54	PNB Housing Finance Limited ₹33.73 Cr	Finance	0.59%
55	RBL Bank Limited ₹33.66 Cr	Banks	0.59%
56	Siemens Energy India Limited ₹32.79 Cr	Electrical Equipment	0.58%
57	Apollo Tyres Limited ₹32.67 Cr	Auto Components	0.57%
58	GAIL (India) Limited ₹32.65 Cr	Gas	0.57%
59	Godrej Consumer Products Limited ₹32.01 Cr	Personal Products	0.56%
60	Tata Communications Limited ₹31.61 Cr	Telecom - Services	0.56%
61	Bharti Hexacom Limited ₹29.83 Cr	Telecom - Services	0.52%
62	Finolex Cables Limited ₹29.72 Cr	Industrial Products	0.52%
63	Sagility Limited ₹27.13 Cr	IT - Services	0.48%
64	Canara Bank ₹26.93 Cr	Banks	0.47%
65	Indraprastha Gas Limited ₹26.80 Cr	Gas	0.47%
66	Bajaj Finserv Limited ₹26.21 Cr	Finance	0.46%
67	Biocon Limited ₹26.41 Cr	Pharmaceuticals & Biotechnology	0.46%
68	Divi's Laboratories Limited ₹26.01 Cr	Pharmaceuticals & Biotechnology	0.46%
69	UTI Asset Management Company Limited ₹26.36 Cr	Capital Markets	0.46%
70	Whirlpool of India Limited ₹26.20 Cr	Consumer Durables	0.46%
71	Dilip Buildcon Limited ₹23.24 Cr	Construction	0.41%
72	Lupin Limited ₹23.05 Cr	Pharmaceuticals & Biotechnology	0.41%
73	Asian Paints Limited ₹22.98 Cr	Consumer Durables	0.40%
74	Emami Limited ₹22.23 Cr	Personal Products	0.39%
75	EQ - MAHINDRA HOLIDAYS & RESORTS IN ₹22.41 Cr	Leisure Services	0.39%
76	Cyient Limited ₹21.79 Cr	IT - Services	0.38%
77	Mahindra & Mahindra Limited ₹21.68 Cr	Automobiles	0.38%
78	InterGlobe Aviation Limited ₹20.45 Cr	Transport Services	0.36%
79	SKF INDIA INDUSTRIAL LTD ₹20.44 Cr	Industrial Products	0.36%
80	Tata Motors Passenger Vehicles Limited ₹20.49 Cr	Automobiles	0.36%
81	GHCL Limited ₹18.75 Cr	Chemicals & Petrochemicals	0.33%
82	Gland Pharma Limited ₹17.51 Cr	Pharmaceuticals & Biotechnology	0.31%
83	Medi Assist Healthcare Services Ltd ₹17.43 Cr	Insurance	0.31%
84	PNC Infratech Limited ₹17.02 Cr	Construction	0.30%
85	Emcure Pharmaceuticals Limited ₹16.67 Cr	Pharmaceuticals & Biotechnology	0.29%
86	SKF India Limited ₹15.96 Cr	Auto Components	0.28%
87	Star Health And Allied Insurance Company Limited ₹15.18 Cr	Insurance	0.27%
88	STL Networks limited ₹14.00 Cr	Telecom - Services	0.25%
89	Anthem Biosciences Limited ₹13.78 Cr	Pharmaceuticals & Biotechnology	0.24%
90	Voltamp Transformers Limited ₹11.46 Cr	Electrical Equipment	0.20%
91	Castrol India Limited ₹11.09 Cr	Petroleum Products	0.19%
92	Electronics Mart India Limited ₹10.57 Cr	Retailing	0.19%
93	Inox India Limited ₹10.60 Cr	Industrial Products	0.19%
94	Endurance Technologies Limited ₹10.49 Cr	Auto Components	0.18%
95	Epack Durable Ltd ₹9.72 Cr	Consumer Durables	0.17%
96	West Coast Paper Mills Ltd. ₹9.67 Cr	Paper, Forest & Jute Products	0.17%
97	Birlasoft Limited ₹9.18 Cr	IT - Software	0.16%
98	Gujarat Pipavav Port Limited ₹9.36 Cr	Transport Infrastructure	0.16%
99	Sun TV Network Limited ₹9.36 Cr	Entertainment	0.16%
100	Techno Electric & Engineering Company Limited ₹9.30 Cr	Construction	0.16%
101	Afcons Infrastructure Limited ₹8.75 Cr	Construction	0.15%
102	DCX Systems Limited ₹8.60 Cr	Aerospace & Defense	0.15%
103	Chambal Fertilizers & Chemicals Limited ₹7.91 Cr	Fertilizers & Agrochemicals	0.14%
104	Popular Vehicles and Services Limited ₹8.14 Cr	Automobiles	0.14%
105	QUESS CORP LIMITED ₹7.91 Cr	Commercial Services & Supplies	0.14%
106	DAM Capital Advisors Ltd ₹7.30 Cr	Capital Markets	0.13%
107	Jio Financial Services Limited ₹7.39 Cr	Finance	0.13%
108	Go Fashion (India) Limited ₹6.92 Cr	Retailing	0.12%
109	KEC International Limited ₹6.08 Cr	Construction	0.11%
110	Stanley Lifestyles Ltd ₹5.64 Cr	Consumer Durables	0.10%
111	Timken India Limited ₹5.91 Cr	Industrial Products	0.10%
112	Sai Silks (Kalamandir) Ltd. ₹4.57 Cr	Retailing	0.08%
113	DIGITIDE SOLUTIONS LTD. ₹3.90 Cr	IT - Services	0.07%
114	GHCL Textiles Limited ₹3.56 Cr	Textiles & Apparels	0.06%
115	ITC Hotels Limited ₹3.69 Cr	Leisure Services	0.06%
116	BLUSPRING ENTERPRISES LTD. ₹2.58 Cr	Commercial Services & Supplies	0.05%
117	NLC India Limited ₹3.09 Cr	Power	0.05%
118	Sonata Software Limited ₹2.02 Cr	IT - Software	0.04%
119	Latent View Analytics Limited ₹1.46 Cr	IT - Software	0.03%
120	Kwality Walls (India) Limited ₹77.61 L	Food Products	0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Bharat Electronics Limited ₹1,505.71 Cr	Aerospace & Defense	0.68%	15.48%	+14.80%
2	Hindustan Aeronautics Limited ₹1,173.21 Cr	Aerospace & Defense	0.72%	12.06%	+11.34%
3	BEML Limited ₹492.51 Cr	Agricultural, Commercial & Construction Vehicles	0.12%	5.06%	+4.94%
4	Eicher Motors Limited ₹395.32 Cr	Automobiles	1.45%	4.07%	+2.62%
5	Bosch Limited ₹224.81 Cr	Auto Components	0.50%	2.31%	+1.81%
6	Rishabh Instruments Ltd ₹20.47 Cr	Electrical Equipment	0.12%	0.21%	+0.09%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Tata Motors Ltd ₹18.98 Cr	Agricultural, Commercial & Construction Vehicles	0.50%	0.20%	-0.30%

What Stocks Does This Fund Hold?

23 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Bharat Electronics Limited ₹1,505.71 Cr	Aerospace & Defense	15.48%
2	Bharat Forge Limited ₹1,399.46 Cr	Auto Components	14.39%
3	Hindustan Aeronautics Limited ₹1,173.21 Cr	Aerospace & Defense	12.06%
4	Solar Industries India Limited ₹1,163.85 Cr	Chemicals & Petrochemicals	11.97%
5	MTAR Technologies Limited ₹590.96 Cr	Aerospace & Defense	6.08%
6	Astra Microwave Products Limited ₹576.98 Cr	Aerospace & Defense	5.93%
7	BEML Limited ₹492.51 Cr	Agricultural, Commercial & Construction Vehicles	5.06%
8	Eicher Motors Limited ₹395.32 Cr	Automobiles	4.07%
9	Bharat Dynamics Limited ₹391.60 Cr	Aerospace & Defense	4.03%
10	Premier Explosives Ltd. ₹321.85 Cr	Chemicals & Petrochemicals	3.31%
11	Mazagon Dock Shipbuilders Limited ₹282.64 Cr	Industrial Manufacturing	2.91%
12	Centum Electronics Ltd. ₹246.14 Cr	Aerospace & Defense	2.53%
13	Cyient DLM Ltd ₹231.79 Cr	Aerospace & Defense	2.38%
14	Bosch Limited ₹224.81 Cr	Auto Components	2.31%
15	Data Patterns (India) Limited ₹214.26 Cr	Aerospace & Defense	2.20%
16	SEDEMAC MECHATRONICS LTD ₹85.24 Cr	Auto Components	0.88%
17	Aequs Limited ₹76.63 Cr	Aerospace & Defense	0.79%
18	Power Mech Projects Limited ₹76.01 Cr	Construction	0.78%
19	Ideaforge Technology Limited ₹26.90 Cr	Aerospace & Defense	0.28%
20	JNK INDIA LIMITED ₹20.74 Cr	Industrial Manufacturing	0.21%
21	Rishabh Instruments Ltd ₹20.47 Cr	Electrical Equipment	0.21%
22	Tata Motors Ltd ₹18.98 Cr	Agricultural, Commercial & Construction Vehicles	0.20%
23	Diffusion Engineers Limited ₹18.59 Cr	Industrial Products	0.19%