Focused funds in India
56 plans (28 Regular, 28 Direct), rated on their track record against the Nifty 500 total-return index and their peers. Data as of 5 Nov 2026.
At most 30 stocks: high conviction, so results depend heavily on the manager's picks, for better and worse. SEBI requires focused funds to hold at most 30 stocks, with at least 65% in equities.
The difference, on ₹10 lakh invested three years ago, between the strongest focused fund (21.5% a year) and the weakest (8.3% a year). Same category, same SEBI rules, same market. 16 of 27 funds beat the Nifty 500 total-return index over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (28)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Invesco India Focused FundInvesco Mutual Fund · 6.1 yrs | A+ | 21.5% | +9.5% | 1.92% | ₹6,179 cr |
| HDFC Focused FundHDFC Mutual Fund · 20.6 yrs | A+ | 15.8% | +3.8% | 1.71% | ₹27,716 cr |
| ICICI Prudential Focused FundICICI Prudential Mutual Fund · 17.4 yrs | A+ | 17.2% | +5.2% | 2.11% | ₹17,696 cr |
| Bandhan Focused FundBandhan Mutual Fund · 18.4 yrs | A | 15.2% | +3.2% | 2.30% | ₹2,105 cr |
| Mahindra Manulife Focused FundMahindra Manulife Mutual Fund · 6.0 yrs | A | 12.6% | +0.6% | 2.31% | ₹2,113 cr |
| SBI Focused FundSBI Mutual Fund · 20.6 yrs | A | 15.8% | +3.8% | 1.56% | ₹50,167 cr |
| Kotak Focused FundKotak Mahindra Mutual Fund · 7.3 yrs | A | 15.0% | +3.0% | 2.03% | ₹4,438 cr |
| Aditya Birla Sun Life Focused FundAditya Birla Sun Life Mutual Fund · 20.6 yrs | A | 13.9% | +1.9% | 1.92% | ₹7,915 cr |
| DSP Focused FundDSP Mutual Fund · 16.4 yrs | A | 13.4% | +1.3% | 2.11% | ₹2,625 cr |
| HSBC Focused FundHSBC Mutual Fund · 6.3 yrs | B | 13.7% | +1.7% | 2.24% | ₹1,787 cr |
| ITI Focused FundITI Mutual Fund · 3.4 yrs | B | 14.0% | +2.0% | 2.61% | ₹618 cr |
| Canara Robeco Focused FundCanara Robeco Mutual Fund · 5.5 yrs | B | 13.2% | +1.1% | 2.15% | ₹2,845 cr |
| 360 ONE Focused Fund360 ONE Mutual Fund · 12.0 yrs | B | 12.2% | +0.2% | 2.12% | ₹6,689 cr |
| Quant Focused Fundquant Mutual Fund · 18.2 yrs | B | 13.3% | +1.2% | 3.15% | ₹849 cr |
| JM Focused FundJM Financial Mutual Fund · 18.7 yrs | B | 11.5% | -0.5% | 2.85% | ₹288 cr |
| Edelweiss Focused FundEdelweiss Mutual Fund · 4.3 yrs | B | 12.1% | +0.1% | 2.34% | ₹1,029 cr |
| Motilal Oswal Focused FundMotilal Oswal Mutual Fund · 13.5 yrs | B | 14.3% | +2.3% | 2.66% | ₹1,757 cr |
| Franklin India Focused Equity FundFranklin Templeton Mutual Fund · 19.3 yrs | B | 8.5% | -3.5% | 1.94% | ₹11,337 cr |
| Nippon India Focused FundNippon India Mutual Fund · 19.9 yrs | B | 9.4% | -2.6% | 2.08% | ₹8,540 cr |
| Union Focused FundUnion Mutual Fund · 7.2 yrs | C | 11.5% | -0.5% | 2.55% | ₹449 cr |
| Sundaram Focused Fund (Formerly Known as Principal Focused Multicap Fund)Sundaram Mutual Fund · 4.8 yrs | C | 10.4% | -1.6% | 2.33% | ₹1,069 cr |
| Axis Focused FundAxis Mutual Fund · 14.3 yrs | C | 10.4% | -1.6% | 1.89% | ₹11,181 cr |
| UTI Focused Fund (30 stocks)UTI Mutual Fund · 5.2 yrs | C | 10.4% | -1.6% | 2.24% | ₹2,451 cr |
| Tata Focused FundTata Mutual Fund · 6.9 yrs | C | 8.5% | -3.5% | 2.27% | ₹1,750 cr |
| Mirae Asset Focused FundMirae Asset Mutual Fund · 7.5 yrs | C | 9.1% | -2.9% | 2.14% | ₹6,649 cr |
| LIC MF Focused FundLIC Mutual Fund · 3.3 yrs | C | 9.0% | -3.0% | 3.38% | ₹173 cr |
| Baroda BNP Paribas Focused FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | C | 8.3% | -3.6% | 2.96% | ₹621 cr |
| Old Bridge Focused FundOld Bridge Mutual Fund · 2.8 yrs | – | – | – | 2.02% | ₹4,185 cr |
Direct plans (28)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Invesco India Focused FundInvesco Mutual Fund · 6.1 yrs | A+ | 23.1% | +11.1% | 0.67% | ₹6,179 cr |
| HDFC Focused FundHDFC Mutual Fund · 13.8 yrs | A+ | 17.1% | +5.1% | 0.83% | ₹27,716 cr |
| ICICI Prudential Focused FundICICI Prudential Mutual Fund · 13.8 yrs | A+ | 18.6% | +6.6% | 1.10% | ₹17,696 cr |
| Mahindra Manulife Focused FundMahindra Manulife Mutual Fund · 6.0 yrs | A | 14.4% | +2.4% | 0.91% | ₹2,113 cr |
| ITI Focused FundITI Mutual Fund · 3.4 yrs | A | 16.1% | +4.1% | 0.94% | ₹618 cr |
| Bandhan Focused FundBandhan Mutual Fund · 13.8 yrs | A | 16.7% | +4.7% | 1.06% | ₹2,105 cr |
| Kotak Focused FundKotak Mahindra Mutual Fund · 7.3 yrs | A | 16.6% | +4.6% | 0.72% | ₹4,438 cr |
| Canara Robeco Focused FundCanara Robeco Mutual Fund · 5.5 yrs | A | 14.8% | +2.8% | 0.79% | ₹2,845 cr |
| HSBC Focused FundHSBC Mutual Fund · 6.3 yrs | A | 15.0% | +3.0% | 1.06% | ₹1,787 cr |
| SBI Focused FundSBI Mutual Fund · 13.8 yrs | B | 16.8% | +4.8% | 0.80% | ₹50,167 cr |
| Edelweiss Focused FundEdelweiss Mutual Fund · 4.3 yrs | B | 13.9% | +1.9% | 0.86% | ₹1,029 cr |
| Aditya Birla Sun Life Focused FundAditya Birla Sun Life Mutual Fund · 13.8 yrs | B | 15.0% | +3.0% | 1.02% | ₹7,915 cr |
| JM Focused FundJM Financial Mutual Fund · 13.8 yrs | B | 13.2% | +1.2% | 1.25% | ₹288 cr |
| DSP Focused FundDSP Mutual Fund · 13.8 yrs | B | 14.5% | +2.5% | 1.11% | ₹2,625 cr |
| 360 ONE Focused Fund360 ONE Mutual Fund · 12.0 yrs | B | 13.3% | +1.3% | 1.20% | ₹6,689 cr |
| Quant Focused Fundquant Mutual Fund · 13.8 yrs | B | 15.0% | +3.0% | 1.86% | ₹849 cr |
| Tata Focused FundTata Mutual Fund · 6.9 yrs | B | 10.1% | -1.9% | 0.93% | ₹1,750 cr |
| Motilal Oswal Focused FundMotilal Oswal Mutual Fund · 13.5 yrs | B | 15.7% | +3.6% | 1.56% | ₹1,757 cr |
| Franklin India Focused Equity FundFranklin Templeton Mutual Fund · 13.8 yrs | B | 9.4% | -2.6% | 1.17% | ₹11,337 cr |
| UTI Focused Fund (30 stocks)UTI Mutual Fund · 5.2 yrs | C | 11.8% | -0.2% | 1.12% | ₹2,451 cr |
| Union Focused FundUnion Mutual Fund · 7.2 yrs | C | 12.6% | +0.6% | 1.55% | ₹449 cr |
| Nippon India Focused FundNippon India Mutual Fund · 13.8 yrs | C | 10.2% | -1.8% | 1.42% | ₹8,540 cr |
| Axis Focused FundAxis Mutual Fund · 13.8 yrs | C | 11.4% | -0.6% | 0.99% | ₹11,181 cr |
| Sundaram Focused Fund (Formerly Known as Principal Focused Multicap Fund)Sundaram Mutual Fund · 4.8 yrs | C | 11.5% | -0.5% | 1.32% | ₹1,069 cr |
| Baroda BNP Paribas Focused FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | C | 10.3% | -1.7% | 1.21% | ₹621 cr |
| Mirae Asset Focused FundMirae Asset Mutual Fund · 7.5 yrs | C | 10.4% | -1.6% | 0.98% | ₹6,649 cr |
| LIC MF Focused FundLIC Mutual Fund · 3.3 yrs | C | 10.1% | -1.9% | 2.24% | ₹173 cr |
| Old Bridge Focused FundOld Bridge Mutual Fund · 2.8 yrs | – | – | – | 1.19% | ₹4,185 cr |
Common questions
What does a focused fund invest in?
SEBI requires focused funds to hold at most 30 stocks, with at least 65% in equities.
How many focused funds beat their index over 3 years?
16 of 27 focused funds (Regular plans with 3 years of history) beat the Nifty 500 total-return index over the 3 years to 5 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.