HDFC Mutual Fund increases fresh SIP registration amount in HDFC Defence Fund, caps STP at Rs 25,000

HDFC Mutual Fund has increased the fresh SIP registration amount in HDFC Defence Fund and caps fresh STP registration at Rs 25,000 with effect from May 4.

According to a notice cum addendum by the fund house, in partial modification of the same, it has now been decided to increase the amount of fresh SIP registrations and also allow fresh STP registrations only under the monthly frequency for up to Rs 25,000 per investor at the first holder PAN level.

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The limit of Rs 25,000 applies to SIP and STP both separately, which is in addition to any ongoing SIP / STP by the investor.

The unitholders are further informed that there will be no changes in fresh lumpsum investments, including switch-ins, will remain paused, existing systematic transactions will continue to be processed, and there will be no restrictions on redemptions, switch-outs, or STP-outs.

All other terms and conditions of the aforesaid scheme will remain unchanged. This Addendum shall form an integral part of the SID / KIM of the aforesaid scheme as amended from time to time.

In December 2025, the fund house decided to accept fresh SIP registrations with effect from December 23, 2025, only under a monthly frequency for up to Rs 5,000 per investor aggregated at the first holder PAN level.

HDFC Defence Fund is the only actively managed fund based on the defence sector. It 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.

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

As of March 31, 2026, the fund had 50.38% in large caps, 19.77% in mid caps, 25.14% in small caps, and 4.71% in others and the fund had 22 stocks in its portfolio.

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The fund had an AUM of Rs 7,304 crore as of March 31, 2026. In the last three months, the fund posted a return of 10.19%. In the last one year, the fund rallied 27.10% and since its inception the fund has delivered a return of 39.98%.

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