HDFC Asset Management Company has announced an addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the HDFC Defence Fund, revising limits on systematic investment routes. According to reports from Upstox, the fund house will now allow higher fresh registrations under Systematic Investment Plans (SIPs) and introduce fresh Systematic Transfer Plan (STP) registrations, both capped at ₹25,000 per investor at the first holder PAN level. The revised limits will come into effect from May 4, 2026.
As reported by Upstox, the ₹25,000 cap applies separately to SIP and STP investments and is over and above any existing systematic investments already held by investors. Fresh lump sum investments, including switch-ins, will continue to remain suspended under the new framework. However, existing SIPs and STPs will be processed without any change. Additionally, investors will continue to have full flexibility on exits, as there are no restrictions on redemptions, switch-outs, or STP-out transactions from the scheme.
According to Upstox, the HDFC Defence Fund, which invests in companies aligned with the defence and allied sectors, has seen strong investor interest, prompting the fund house to manage inflows through calibrated limits. The AMC clarified that all other provisions of the scheme remain unchanged, and the addendum will form an integral part of the SID and KIM, as updated from time to time. The fund house had previously addressed the resumption of SIP registrations in the scheme through an earlier addendum dated December 19, 2025.
