HDFC Defence Fund increase stake in HAL, Eicher Motors and 4 other stocks in March

The defence fund added 50,000 shares of HAL to the portfolio, taking the total shares to 25.50 lakh in March compared to 25 lakh in the previous month. Around 45,000 shares of Eicher Motors were added to the portfolio and the fund had 4.95 lakh shares of Eicher Motors in its portfolio.

Also Read | Mutual fund cash levels drop 12% to Rs 1.86 lakh crore, hit 16-month low in March amid aggressive equity buying

The fund added 10.51 lakh shares of Aequs in its portfolio in March and had nearly 17.68 lakh shares of this stock in its portfolio in March. This was followed by addition of 2.70 lakh shares of Bharat Electronics, around 22,672 shares of Solar Industries and 7,151 shares of Bosch.

Sedemac Mechatronics was added in the portfolio as the new entrant in March. The fund added 3.97 lakh shares of this stock in its portfolio worth Rs 60.15 crore market value.

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A complete exit was made from Avalon Technologies in March by selling 1.33 lakh shares from the portfolio worth market value of Rs 13.64 crore. The fund did not reduce its stake in any stock in the said period.
The exposure in 15 stocks remained unchanged, which include Astra Microwave Products, Diffusion Engineers, Cyient DLM, Bharat Dynamics, Mazagon Dock Shipbuilders, Data Patterns (India), Rishabh Instruments, Ideaforge Technology, Power Mech Projects, JNK India, BEML, Bharat Forge, Centum Electronics, MTAR Technologies, and Premier Explosives.
In March, the fund had 22 stocks in its portfolio, the same as the total stock count in the previous month. The portfolio of this fund is spread across seven sectors – Capital Goods (52.68%), Automobiles and Ancillaries (21.69%), Chemicals (12.94%), Electricals (4.73%), Ship Building (2.53%), Telecom (0.82%) and Infrastructure (0.72%).
Since its inception, the fund has delivered a CAGR of 37.42%. In the last one year, the fund posted a gain of 31.53% and in the last three months, it delivered 4.37% returns.

Based on allocation to NAV, the fund had the highest allocation in Bharat Electronics where the allocation was 18.70%, followed by Bharat Forge where the allocation was 15.27%. In HAL and Solar Industries, the allocation was 12.18% and 10.54% respectively in March.

The fund holds 50.38% in largecaps, 19.77% in midcaps, 25.14% in smallcaps, and 4.71% in others.

Also Read | Small, mid and largecap mutual funds see sharp inflow surge in March. Is investor confidence rising?

Launched on June 2, 2023, the performance is benchmarked against Nifty India Defence – TRI and is managed by Rahul Baijal and Priya Ranjan.

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)

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