Effective May 4, HDFC Mutual Fund has raised the fresh Systematic Investment Plan (SIP) registration amount for the HDFC Defence Fund to ₹25,000 (approximately $300 USD) and set a cap on fresh Systematic Transfer Plan (STP) registrations at the same amount. This adjustment allows investors to register for SIPs and STPs under a monthly frequency, while existing systematic transactions will continue without any restrictions. The HDFC Defence Fund, launched on June 2, 2023, is the only actively managed fund dedicated to the defence sector, aiming for long-term capital appreciation through investments in equity and related securities of defence companies. As of March 31, 2026, the fund had an Assets Under Management (AUM) of ₹7,304 crore (approximately $880 million USD) and has delivered a return of 27.10% over the past year, with a performance benchmarked against the Nifty India Defence - TRI index. The fund is managed by Rahul Baijal and Priya Ranjan.