HDFC Defence Fund picks up smallcap stock that surged 300% in 3 years
, the only actively managed defence-focused mutual fund, added just one stock to its portfolio in June—a smallcap that has surged nearly 300% over the past three years.
This defence fund added around 3.29 lakh shares of Data Patterns (India) to its portfolio during the period.
BSE data shows that this smallcap stock has soared 302% over the past three years. In the last two years, it gained 42.23%, while rising 53.35% and 34.49% in the past three and six months, respectively.
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The defence fund made a complete exit from only one stock -
Adani Energy Solutions
by selling 2.39 lakh shares from the portfolio in June, worth a market value of Rs 20.77 crore.
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The exposure was increased in only one stock in the mentioned period. Around 2.44 lakh shares of
Astra Microwave Products
were added to the portfolio, taking the number of stock to 39.10 lakh in June against 36.66 lakh in May.
The exposure in seven stocks was trimmed in June, which includes
Bharat Electronics
, Larsen & Toubro,
Bansal Wire Industries
,
Diffusion Engineers
,
Hindustan Aeronautics
,
Rishabh Instruments
, and
JNK India
.
Around 5.77 lakh shares of Bansal Wire Industries were sold out from the portfolio in June, followed by 2 lakh shares of Larsen & Toubro in the same period. The fund sold 1.70 lakh shares of Bharat Electronics and 1.53 lakh shares of Diffusion Engineers.
The defence fund offloaded 67,767 shares of Rishabh Instruments from its portfolio in the same period. Around 60,000 shares of Hindustan Aeronautics were sold out from the portfolio, taking the total number of shares to 22.50 lakh in June against 23.10 lakh in May.
And lastly, 57,596 shares of JNK India were also sold out from the portfolio in the same time period.
Exposure in around 15 stocks remained unchanged in June compared to May, which includes
BEML
,
Bharat Forge
,
Centum Electronics
,
Premier Explosives
,
MTAR Technologies
,
Bharat Dynamics
,
Ideaforge Technology
, and Power Mech Projects.
The total number of stocks in the portfolio remained unchanged at 24 in June compared to the numbers in May.
The fund had an AUM of Rs 7,055 crore as on June 30 up from an AUM of Rs 6,664 crore in May. As on June 30, the average AUM of the fund is Rs 6,031 crore.
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The performance of the fund is benchmarked against NIFTY India Defence Index TRI and is managed by Rahul Baijal and Priya Ranjan. According to the latest monthly release by the fund house, the industry allocation of equity holding of the fund was 50.41% in Aerospace & Defence, 19.10% in Chemicals & Petrochemicals, 10.20% in Agricultural, Commercial Construction Vehicle.
The fund had 3.34% in Construction, 2.85% in Auto Components, 2.64% in Industrial Manufacturing, 2.24% in Transport Services, 2.06% in Electrical Equipment, and 0.44% in Industrial Products.
HDFC Defence Fund 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
In the last three months, the fund gave a 27.90% return, whereas in the last six months, the fund gave a 26.70% return. The performance of the fund in the last year was muted as the fund delivered a 0.49% return only.
In the current calendar year so far, the fund has gained 15.93%. Since its inception, the fund has offered a return of 53.29%.
(
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