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Sanjeev Govila |192 Answers |Ask -Follow

Financial Planner - Answered on Jul 23, 2023

Question by sunil on Jun 08, 2023

Money

Please comment on the new HDFC Defense MF

Ans: HDFC Mutual Fund has recently launched the HDFC Defence Fund, which will invest in stocks of defence and allied sector companies. The fund will be benchmarked against the newly-launched Nifty India Defence Index.

The investment objective of the fund is to provide long-term capital appreciation by investing predominantly in stock of Defence & allied sector companies like Hindustan Aeronautics, BEML, Bharat Dynamics. The fund is meant for investors who are willing to take high risk for high returns as defence sector is highly regulated and government being the main buyer, it also has concentration risk.

Moreover, being a sectoral fund, it contains high volatility and investors should consult their financial advisors before making any investment decisions.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Sir, I am a senior citizen aged 70 yrs. Recently I started a SIP of ₹ 5000 in HDFC defence fund which is listed a week ago. Kindly suggest me the future prospects of the fund. I plan to remain in the fund for 24 -36 months.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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