HDFC Defence Fund Portfolio Update: Tata Motors Added, MTAR Technologies Stake Trimmed in May 2026

HDFC Defence Fund included Tata Motors in its portfolio in May 2026, according to ACE Mutual Fund report citing the latest monthly holdings data.  

The fund acquired 5 lakh shares of the company, valued at about ₹18.97 crore. With the addition, the scheme's portfolio expanded to 23 stocks, up from 22 stocks in April. 

The fund also pared its holdings in 2 companies during the month. Its stake in MTAR Technologies declined after the sale of 50,000 shares, reducing the holding to 7.50 lakh shares. It also sold 1.97 lakh shares of Rishabh Instruments. 

Increase in Select Holdings 

Apart from the new entry, the fund increased its exposure to Bharat Electronics, Bharat Forge, Bharat Dynamics, Bosch and Mazagon Dock Shipbuilders.  

The largest purchase was in Bharat Electronics, where around 16.57 lakh shares were added, taking the holding to 3.66 crore shares. 

The fund also bought 2.55 lakh shares of Mazagon Dock Shipbuilders, 2.50 lakh shares of Bharat Dynamics, nearly 86,000 shares of Bharat Forge, and 6,814 shares of Bosch.  

Holdings in several other stocks, including Hindustan Aeronautics, BEML, Solar Industries, Data Patterns (India), Cyient DLM and ideaForge Technology, remained unchanged. 

Allocation Pattern 

The portfolio remained concentrated in the capital goods sector, which accounted for 52.53% of assets at the end of May. Automobile and ancillaries represented 20.96%, while chemicals accounted for 15.28%.  

Bharat Electronics continued to be the fund's largest holding with a 15.48% allocation, followed by Bharat Forge and Hindustan Aeronautics. 

Read More: Mutual Fund Distributors Eyes Tax Relief Amid SEBI's Expense Ratio Changes! 

Conclusion 

As of 31 May 2026, the fund had 49% exposure to large-cap stocks, 18.42% to mid-caps and 29.96% to small-caps, with 98.25% of its assets invested in equities.  

The latest portfolio disclosure shows limited changes, with Tata Motors added as a new holding and selective adjustments made to existing positions. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the related documents carefully before investing.