HDFC Defence Fund

HDFC Mutual FundThematicPortfolio as of 31 July 2026

HDFC Defence Fund holds 26 instruments (98.28% equity), led by Bharat Forge Limited (14.82%), Bharat Electronics Limited (14.67%) and Hindustan Aeronautics Limited (12.37%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
26
Equity Allocation
98.28%
AMC
HDFC Mutual Fund
Category
Thematic

This page shows the complete disclosed portfolio of HDFC Defence Fund, managed by HDFC Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 26 instruments with an equity allocation of 98.28%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

HDFC Defence Fund's top 10 holdings account for 79.89% of its portfolio, more concentrated than the Thematic category average of 50.4%. Industrials is its largest sector exposure at 61.53% of net assets, spread across 3 sectors in total. Since its 30 June 2026 disclosure, the fund added 2 new positions and exited 0 positions, with Mtar Technologies Limited seeing the largest move (-1.42pp to 4.01%).

Top 10 Equity Holdings

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

2 new entries9 increased9 reduced

Biggest Weight Increases

StockWeightChange
Hindustan Aeronautics Limited11.34% → 12.37%▲ +1.03
Cyient DLM Limited2.41% → 3.23%▲ +0.82
Ideaforge Technology Limited0.25% → 0.99%▲ +0.74
Tata Motors Limited0.44% → 0.86%▲ +0.42
Eicher Motors Limited3.7% → 4.03%▲ +0.33
Mazagon Dock Shipbuilders Limited3.06% → 3.34%▲ +0.28
Astra Microwave Products Limited6.89% → 7.16%▲ +0.27
Bharat Forge Limited14.56% → 14.82%▲ +0.26
Bosch Limited2.84% → 3.06%▲ +0.22

Biggest Weight Reductions

StockWeightChange
Mtar Technologies Limited5.43% → 4.01%▼ -1.42
Aequs Limited0.89% → 0.11%▼ -0.78
Premier Explosives Limited3.57% → 2.89%▼ -0.68
Bharat Dynamics Limited4.22% → 3.8%▼ -0.42
Solar Industries India Limited11.33% → 10.95%▼ -0.38
Centum Electronics Limited2.54% → 2.34%▼ -0.2
Bharat Electronics Limited14.86% → 14.67%▼ -0.19
Data Patterns (India) Limited2.27% → 2.12%▼ -0.15
BEML Limited4.85% → 4.74%▼ -0.11

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

Feb: 15.72%, Mar: 15.27%, Apr: 14.57%, May: 14.39%, Jun: 14.56%, Jul: 14.82%
14.82%
Feb: 18.58%, Mar: 18.7%, Apr: 16.55%, May: 15.48%, Jun: 14.86%, Jul: 14.67%
14.67%
Feb: 12.09%, Mar: 12.18%, Apr: 12.96%, May: 12.06%, Jun: 11.34%, Jul: 12.37%
12.37%
Feb: 10.26%, Mar: 10.54%, Apr: 10.79%, May: 11.97%, Jun: 11.33%, Jul: 10.95%
10.95%
Feb: 4.92%, Mar: 4.82%, Apr: 5.08%, May: 5.93%, Jun: 6.89%, Jul: 7.16%
7.16%

Full Portfolio (26 holdings)

#HoldingSector% to NAV
1Bharat Forge LimitedConsumer Discretionary14.82%
2Bharat Electronics LimitedIndustrials14.67%
3Hindustan Aeronautics LimitedIndustrials12.37%
4Solar Industries India LimitedMaterials10.95%
5Astra Microwave Products LimitedIndustrials7.16%
6BEML LimitedIndustrials4.74%
7Eicher Motors LimitedConsumer Discretionary4.03%
8Mtar Technologies LimitedIndustrials4.01%
9Bharat Dynamics LimitedIndustrials3.8%
10Mazagon Dock Shipbuilders LimitedIndustrials3.34%
11Cyient DLM LimitedIndustrials3.23%
12Bosch LimitedConsumer Discretionary3.06%
13Premier Explosives LimitedMaterials2.89%
14Centum Electronics LimitedIndustrials2.34%
15Data Patterns (India) LimitedIndustrials2.12%
16TREPS - Tri-party Repotreps1.87%
17SEDEMAC Mechatronics LimitedConsumer Discretionary1%
18Ideaforge Technology LimitedIndustrials0.99%
19Tata Motors LimitedIndustrials0.86%
20Power Mech Projects LimitedIndustrials0.72%
21Cochin Shipyard LimitedIndustrials0.4%
22INDO-MIM LTDIndustrials0.24%
23JNK India LimitedIndustrials0.23%
24Diffusion Engineers LimitedIndustrials0.2%
25Aequs LimitedIndustrials0.11%
26Net Current Assetsother-0.15%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, Bharat Forge Limited is 14.82% of HDFC Defence Fund's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, Bharat Electronics Limited is 14.67% of HDFC Defence Fund's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, Hindustan Aeronautics Limited is 12.37% of HDFC Defence Fund's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, Solar Industries India Limited is 10.95% of HDFC Defence Fund's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, Astra Microwave Products Limited is 7.16% of HDFC Defence Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: HDFC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.