Mutual Fund Return: Mutual funds are considered a great investment tool for long term investment. In mutual funds, investors get attractive returns from the stock market as well as huge profits from compounding. The longer you invest money in mutual funds, the bigger your profits and corpus will become. But there are many schemes which have made investors rich by giving huge returns in just one year. Today we are going to tell you about one such mutual fund scheme, which has given a tremendous return of 79.73 percent to its investors in just one year. However, this way the risk increases significantly in a short period of time.
HDFC Defense Fund
HDFC Defense Fund’s Direct Plan has given huge returns of 79.73 percent to investors in the last one year. In this way, the lump sum investment of Rs 10 lakh made a year ago in this scheme has become Rs 17.97 lakh today. The current NAV of HDFC Defense Fund is Rs 21.33 and its current fund size is Rs 3996.82 crore. Let us tell you that this fund invests in different companies of defense sector.
Fund’s money is invested in 21 defense sector companies
The money invested in HDFC Defense Fund is currently being invested in the stocks of a total of 21 companies in the defense sector. These include a total of 21 companies like Bharat Electronics Limited, Hindustan Aeronautics Limited, Solar Industries India, Saint DLM, BEML, Tarsan & Toubro, InterGlobe Aviation. Currently, the maximum amount of 19.50 percent of this fund is invested in Bharat Electronics Limited.
What are the tax rules?
If you invest money in HDFC Defense Fund and withdraw it within 1 year, you will have to pay an exit load of 1 percent. Apart from this, if you exit after earning profit within 1 year, you will have to pay capital gains tax of 20 percent. If you are withdrawing money after one year and your return is more than Rs 1.25 lakh, then you will have to pay tax at the rate of 12.5 percent.
