Economic growth and geo-political developments fuel growth in defence expenditure. India’s defence spends is among top 5 nations globally, and has been ~2.5-3% of GDP. USA and China spend ~10X and ~4X compared to India’s defence expenditure. Recent geopolitical events reinforced the need across nations to keep-up with defence capability of other powers. Strong defence capability acts as a deterrent to war and helps maintain peace
Source: World Bank Data
Source: Budget documents, World Bank data, Ministry of Defence, PIB, Capitaline
*A Defence platform is the base on which capabilities or weapon systems can be built or attached
|HDFC Defence Fund (An open ended equity scheme investing in Defence & allied sector companies) is suitable for investors who are seeking*:|
*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
# The product labeling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made
For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com