Mutual Funds - Over 100% Return in Just 9 Months: Abhishek Poddar's Achievement

Abhishek Poddar, the fund manager of HDFC Defence Fund, has achieved remarkable success. His management has garnered over 100% returns in just 9 months, leading to widespread recognition across the country.

HDFC Defence Fund - 130.44% Return in One Year

This mutual fund scheme, focusing exclusively on the defense sector, was launched in June 2023. Over the past three months, it has delivered a return of approximately 38.87%, and over the past six months, it has achieved around 55.16%. In one year, the scheme has provided a return of 130.44%. 

For an investor who started a monthly SIP (Systematic Investment Plan) of ₹10,000 from the beginning, their investment would now be worth ₹2.28 lakh, reflecting an XIRR (Extended Internal Rate of Return) of 147.90%. The total invested amount would have been ₹1.30 lakh.

If an investor had made a lump sum investment of ₹1 lakh at the start, its value would now be ₹2.45 lakh, indicating a CAGR (Compounded Annual Growth Rate) of 122.95%. The primary investment objective of this scheme is long-term capital appreciation by investing in equity and equity-related securities of defense and associated companies.

HDFC Defence Fund Portfolio

The scheme's portfolio is diversified across 20 stocks. The highest allocation is to Hindustan Aeronautics at approximately 21.22%, followed by Bharat Electronics at 19.80%. As of June 2024, the fund managed assets worth ₹3,665 crore.

This scheme benchmarks against the Nifty India Defence - TRI. The index has delivered a return of 146.17% over the past nine months, with returns of 60.66% over three months and 87.04% over six months. Over the past year, the index achieved a return of 187.42%. The minimum investment amount for both lump sum and SIP investments is ₹100.