Focused Funds Compared
Every focused mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 500, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 27 focused funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 11.0% a year, against 8.7% for the Nifty 500 index; 19 of 22 beat it. The highest 5-year return was HDFC Focused Fund at 17.2% a year.
All focused funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) | Beat index (rolling 3y) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Focused Fund | -2.5% | 14.4% | 17.2% | 14.5% | 15.8% | 13.5% | 0.82% | 50/50 |
| 2 | Invesco India Focused Fund | 4.5% | 20.0% | 14.6% | — | 13.0% | 15.9% | 0.70% | 36/37 |
| 3 | ICICI Prudential Focused Fund | -0.5% | 15.8% | 14.3% | 15.0% | 12.9% | 13.7% | 1.14% | 50/50 |
| 4 | Quant Focused Fund | 8.6% | 12.9% | 13.1% | 14.9% | 11.2% | 12.1% | 1.98% | 45/50 |
| 5 | Mahindra Manulife Focused Fund | -2.2% | 11.6% | 12.5% | — | 10.5% | 10.6% | 0.88% | 36/36 |
| 6 | Bandhan Focused Fund | 4.4% | 15.5% | 12.2% | 13.8% | 10.8% | 12.9% | 0.98% | 27/50 |
| 7 | JM Focused Fund | 0.0% | 11.2% | 12.0% | 12.2% | 10.6% | 11.1% | 1.25% | 38/50 |
| 8 | HSBC Focused Fund | 8.2% | 13.9% | 11.9% | — | 10.4% | 12.8% | 1.08% | 40/40 |
| 9 | Kotak Focused Fund | 3.8% | 13.7% | 11.3% | — | 9.8% | 11.6% | 0.74% | 41/50 |
| 10 | Canara Robeco Focused Fund | -4.2% | 11.6% | 11.2% | — | 9.5% | 9.9% | 0.82% | 30/30 |
| 11 | SBI Focused Fund | 10.4% | 14.8% | 11.2% | 15.1% | 10.2% | 13.3% | 0.84% | 20/50 |
| 12 | 360 ONE Focused Fund | 3.2% | 10.4% | 10.7% | 15.3% | 9.6% | 10.2% | 1.23% | 46/50 |
| 13 | Motilal Oswal Focused Fund | 28.4% | 14.8% | 10.6% | 13.3% | 9.3% | 14.4% | 1.66% | 4/50 |
| 14 | DSP Focused Fund | -0.5% | 11.9% | 10.1% | 11.6% | 8.9% | 10.4% | 1.11% | 26/50 |
| 15 | Aditya Birla Sun Life Focused Fund | 2.1% | 11.7% | 9.6% | 12.5% | 8.6% | 9.7% | 1.01% | 22/50 |
| 16 | Nippon India Focused Fund | -1.8% | 8.0% | 9.3% | 12.5% | 8.6% | 8.0% | 1.39% | 27/50 |
| 17 | Union Focused Fund | 5.8% | 10.5% | 9.1% | — | 8.0% | 9.9% | 1.57% | 14/50 |
| 18 | UTI Focused Fund (30 stocks) | -3.4% | 8.9% | 9.1% | — | 7.5% | 8.0% | 1.13% | 17/27 |
| 19 | Tata Focused Fund | -5.6% | 8.1% | 9.0% | — | 7.3% | 7.0% | 0.93% | 43/47 |
| 20 | Franklin India Focused Equity Fund | -11.1% | 6.3% | 8.6% | 12.5% | 7.7% | 5.4% | 1.15% | 40/50 |
| 21 | Mirae Asset Focused Fund | -2.8% | 7.0% | 5.8% | — | 4.6% | 6.1% | 0.98% | 10/50 |
| 22 | Axis Focused Fund | -1.1% | 9.0% | 3.3% | 11.6% | 2.3% | 6.1% | 1.05% | 1/50 |
| — | Baroda BNP Paribas Focused Fund | -3.7% | 7.3% | — | — | — | — | 1.21% | 7/20 |
| — | Edelweiss Focused Fund | -1.2% | 11.4% | — | — | — | — | 0.84% | 15/15 |
| — | ITI Focused Fund | 6.9% | 16.6% | — | — | — | — | 0.91% | — |
| — | LIC MF Focused Fund | 4.2% | 9.3% | — | — | — | — | 2.51% | — |
| — | Sundaram Focused Fund (Formerly Known as Principal Focused Multicap Fund) | 2.7% | 9.7% | — | — | — | — | 1.34% | 5/22 |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
How many focused funds beat the Nifty 500?
19 of the 22 funds with 5 years of history beat the Nifty 500 index (through a low-cost index fund) over 5 years. Compare any one fund with its index over every 3-year stretch on the mutual fund vs index fund page.
Key takeaways
Frequently asked questions
Which focused fund has given the highest returns?
Over the 5 years to 30 Sep 2026, HDFC Focused Fund (direct plan) at 17.2% a year. Past returns do not predict future ones.
What is the average return of focused funds?
The median direct plan returned 11.0% a year over 5 years to 30 Sep 2026.
Do focused funds beat the index?
19 of 22 did over 5 years, before tax; an index fund is the low-cost alternative.