Mutual Fund Update: Money doubled in 9 months, this mutual fund scheme made you rich..
HDFC Defense Fund has doubled the investors' money in just nine months. It has given a return of 102.26% during this period. This scheme of mutual funds focuses only on the defense sector. This mutual fund was launched in June 2023. This fund is performing well due to increasing government investment in the defense sector and emphasis on manufacturing of defense equipment in the country.
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The return of this scheme in the last three months is around 38.87 percent. In the last six months, it has been around 55.16 percent. In one year, this scheme has given a return of 130.44 percent. If an investor had started a monthly SIP of Rs 10,000 from the inception of the fund, his investment would have now become Rs 2.28 lakh. He would have got an XIRR (Extended Internal Rate of Return) of 147.90 percent. At the same time, the total amount invested would have been Rs 1.30 lakh.
If an investor had invested Rs 1 lakh in a lump sum at the beginning of the fund, then now its value would have been Rs 2.45 lakh. This shows a CAGR (Compounded Annual Growth Rate) of 122.95 percent.
The investment objective of this scheme is to achieve capital appreciation in the long term by investing primarily in equity and equity-related securities of defense and related companies.
Which shares in the portfolio?
The portfolio of this scheme is diversified across 20 stocks. The highest allocation in this is about 21.22 percent investment in Hindustan Aeronautics. It is followed by Bharat Electronics. It has an allocation of 19.80 percent. As of June 2024, this fund was managing assets worth Rs 3,665 crore.
This scheme is benchmarked against Nifty India Defense - TRI. The index has given a return of 146.17 percent in the last nine months. The return in the last three and six months is 60.66 percent and 87.04 percent. In the last year, it has achieved a return of 187.42%. This scheme is managed by Abhishek Poddar. The minimum investment amount for a lump sum and SIP investment is Rs 100.
Motilal Oswal MF has also launched a scheme.
Motilal Oswal Mutual Fund has also recently launched its index fund based on the defense sector. Motilal Oswal Nifty India Defense Index Fund is India's first index fund that provides an opportunity to invest in defense stocks listed in India. The objective of this fund is to provide investors an opportunity to participate in the growth potential of the defense sector.
This passive fund is an open-ended fund benchmarked against the Nifty India Defense Index TRI. It is managed by Swapnil Mayekar and Rakesh Shetty. The minimum application amount in this is Rs 500 and after that investment can be made in multiples of Rs 1. The minimum redemption amount is Rs 500 and thereafter withdrawals can be made in multiples of Rs 1 or the account balance, whichever is lower.
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