Best Defence Mutual Funds for November 2026 Based on 1-Year Returns: HDFC Defence Fund and More

In November 2026, several defence mutual funds have shown impressive 1-year returns.
Top performers include HDFC Defence Fund , Aditya Birla Sun Life Nifty India Defence Index Fund and Motilal Oswal Nifty India Defence Index Fund . These funds have attracted attention due to their substantial growth and investment potential.
Top Defence Mutual Funds for November 2026
| Name | NAV | AUM (in ₹ Crore) | 1 Month Returns | 3 Month Returns | 1 Year Returns | Exp Ratio |
| HDFC Defence Fund | 28.59 | 11,493.4 | -8.02% | -5.34% | 12.01% | 0.89% |
| Aditya Birla Sun Life Nifty India Defence Index Fund | 12.4 | 1,409.38 | -7.90% | -7.37% | 5.95% | 0.45% |
| Motilal Oswal Nifty India Defence Index Fund | 11.34 | 5,434.15 | -8.02% | -7.49% | 5.76% | 0.50% |
| Groww Nifty India Defence ETF FoF | 12.76 | 157.44 | -7.71% | -7.34% | 5.56% | 0.14% |
Note: The above NAV is as of October 28, 2026, at 11:50 AM, and AUM as of September 30, 2026.
HDFC Defence Fund
HDFC Defence Fund has an AUM of ₹11,493.4 crore and an expense ratio of 0.01%. The NAV is ₹28.59. The fund has delivered a 1-month return of -8.02%, a 3-month return of -5.34% and a 1-year return of 12.01%. It falls under the Sectoral Fund sub-category. The minimum monthly SIP is ₹100, and the minimum lump sum investment is ₹100.
Aditya Birla Sun Life Nifty India Defence Index Fund
Aditya Birla Sun Life Nifty India Defence Index Fund has an AUM of ₹1,409.38 crore and an expense ratio of 0%. The NAV is ₹12.4. The fund has delivered a 1-month return of -7.90%, a 3-month return of -7.37% and a 1-year return of 5.95%. It falls under the Index Fund sub-category. The minimum monthly SIP is ₹500, and the minimum lump sum investment is ₹500.
Motilal Oswal Nifty India Defence Index Fund
Motilal Oswal Nifty India Defence Index Fund has an AUM of ₹5,434.15 crore and an expense ratio of 0.01%. The NAV is ₹11.34. The fund has delivered a 1-month return of -8.02%, a 3-month return of -7.49% and a 1-year return of 5.76%. It falls under the Index Fund sub-category. The minimum monthly SIP is ₹500, and the minimum lump sum investment is ₹500.
Groww Nifty India Defence ETF FoF
Groww Nifty India Defence ETF FoF has an AUM of ₹157.44 crore and an expense ratio of 0%. The NAV is ₹12.76. The fund has delivered a 1-month return of -7.71%, a 3-month return of -7.34% and a 1-year return of 5.56%. It falls under the FoFs Domestic sub-category. The minimum monthly SIP is ₹500, and the minimum lump sum investment is ₹500.
Conclusion
HDFC Defence Fund leads with a 1-year return of 12.01%, followed by Aditya Birla Sun Life Nifty India Defence Index Fund at 5.95%, Motilal Oswal Nifty India Defence Index Fund at 5.76% and Groww Nifty India Defence ETF FoF at 5.56%.
Read More: Best Gold Mutual Funds for November 2026 Based on 5-Year CAGR: SBI Gold, Quantum Gold and Others!
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Published on: Oct 28, 2026, 1:20 PM IST

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