Mutual funds are considered a great investment tool for long-term investment. In mutual funds, investors get attractive returns of the stock market as well as compounding profits. The longer you invest in mutual funds, the bigger your profits and corpus will become. But there are many schemes that have made investors rich by giving huge returns in just 1 year. Today we are going to tell you about one such mutual fund scheme, which has given tremendous returns of 79.73 percent to its investors in just one year. However, in this way, the risk increases significantly in the short term.
HDFC Defence Fund’s Direct Plan has given investors a huge return of 79.73 percent in the last one year. In this way, this scheme has made a one-time investment of Rs 10 lakh a year ago to Rs 17.97 lakh today. HDFC Defence Fund has a current NAV of Rs 21.33 and its current fund size is Rs 3996.82 crore.
HDFC Defense Fund
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 21 companies like Bharat Electronics Limited, Hindustan Aeronautics Limited, Solar Industries India, Cyient DLM, BEML, Tarsen & Toubro, InterGlobe Aviation. At present, the highest 19.50 percent of this fund is invested in Bharat Electronics Limited.
Tax of 20 percent if you exit after making profits within 1 year
If you invest in HDFC Defense Fund and withdraw it within 1 year, then you will have to pay an exit payment of 1 percent. Apart from this, you will have to pay a capital gains tax of 20 percent if you exit after making profits within 1 year. If you are withdrawing money after one year and your returns are more than Rs 1.25 lakh, then you have to pay tax at the rate of 12.5 percent.