HDFC Defence Fund Increases Stakes in Mazagon Dock and Other Stocks, Exits Rishabh Instruments in June 2026

HDFC Defence Fund expanded its portfolio in June 2026 by acquiring shares in Mazagon Dock, Tata Motors, Bharat Electronics, BEML, and Bosch.  

The fund exited Rishabh Instruments, previously holding 3.86 lakh shares valued at ₹20.47 crore, as per The ACE MF report. 

Increased Holdings in Targeted Companies 

In June 2026, HDFC Defence Fund boosted its stake in Mazagon Dock Shipbuilders by adding 1.39 lakh shares, bringing the total to 12.89 lakh shares.  

Investment in Tata Motors also rose with the addition of nearly 6 lakh shares, raising the total to 11 lakh shares. 

Bharat Electronics saw a substantial addition, with the fund securing 13.42 lakh shares, leading to a total of 3.80 crore shares compared to 3.66 crore in May 2026.  

Similarly, 42,226 shares of BEML and 13,619 shares of Bosch were added to the portfolio. 

Portfolio Changes and Exits 

HDFC Defence Fund stepped away from Rishabh Instruments, selling its entire stake for a market value of ₹20.47 crore.  

The overall portfolio remained at 22 stocks compared to 23 in the prior month, with exposures in 17 stocks remaining unchanged. Existing stocks included Bharat Forge, Hindustan Aeronautics (HAL), and Eicher Motors, among others. 

Sector Allocation 

The fund’s investments were spread across sectors such as capital goods, automobiles, and chemicals. The capital goods sector held the largest allocation at 51.50%, followed by the automobile sector at 21.54%, and chemicals at 14.89%.  

Bharat Electronics comprised 14.86% of the portfolio's net asset value (NAV), with Bharat Forge and HAL also having significant allocations. 

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Management 

Since launching on June 2, 2023, HDFC Defence Fund has focused on equity and securities in the defence sector, managed by Rahul Baijal and Priya Ranjan.  

As of June 30, 2026, the fund had assets under management (AUM) of ₹10,529 crore.  

Conclusion 

In June 2026, HDFC Defence Fund expanded its stakes in prominent companies like Mazagon Dock and Tata Motors, raising its portfolio to 22 stocks. The fund showed strong short-term performance, returning 19.04% over 3 months compared to a benchmark return of 13.90%, managing assets valued at ₹10,529 crore. 

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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.