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HDFC Defence Fund to stop registrations of fresh SIPs/STPs

By Economic Times - 3 months ago
HDFC Defence Fund will cease accepting new SIPs and systematic transfer plans from July 22 but continue existing SIPs. It limited investments to ₹10,000 per PAN, returning 144% in a year. Stiff valuations challenge fund managers. Stocks like Bharat Electronics, Hindustan Aeronautics, and Mazagon Dock soared, outperforming Nifty 50's 26.9% rise since June 2023.

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