In response to Ace Equities information analysed by ETMarkets, HDFC Defence Fund purchased 4.8 lakh shares or 1.76% in Backyard Attain Shipbuilders. In multibagger Mazagon Dock Shipbuilders and smallcap JNK India, this fund bought 1,55,901 (1.36%) and 4,96,367 (1.28%) shares, respectively. The market worth of those shares on the finish of April 30, 2024, stood at Rs 47.47 crore, 36.62 crore and 34.47 crore, respectively.
Shares during which HDFC Defence Fund elevated stake in April included Avalon Applied sciences, Bharat Electronics, Cyient DLM, Ideaforge Know-how, MTAR Applied sciences, Premier Explosives and Rishabh Devices.
There have been three shares during which HDFC Defence Fund pared its shares partially — BEML, Bharat Dynamics and Information Patterns (India).
In the meantime, there have been 9 shares which didn’t see any change in holding within the month passed by over February. These are Astra Microwave Merchandise, DCX Techniques, Hindustan Aeronautics (HAL), Interglobe Aviation, Energy Mech Initiatives, Photo voltaic Industries India, TD Energy Techniques, Techno Electrical & Engineering Firm and The Anup Engineering.
HDFC Defence Fund is an open-ended fairness scheme investing in defence and allied sector firms. It has publicity in 21 shares, of which two are largecaps, one is midcap and remaining 18 are smallcaps. In these 21 counters, 8 are PSU shares whereas 13 are non-public sector firms.
The scheme was launched in June 2023 with belongings underneath administration (AUM) at Rs 2,696.26 crore. Its highest holding is in HAL and is adopted by Photo voltaic Industries, BEML and Premier Explosives.
HDFC Defence Fund has given returns of over 15% within the final three months whereas its 6-month returns stand at Rs 46%. It’s benchmarked in opposition to Nifty India Defence Index TRI.
(Inputs from Surbhi Khanna)
(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
