Focused funds in India
28 live funds in the Focused category, ordered by 5-year return, highest first; HDFC Focused Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the Focused category's funds, each over the same window to its own latest NAV, on their Direct plans.
- −5.13%Middle of 28 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the Focused category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +12.29%Middle of 27 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the Focused category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +9.69%Middle of 25 funds
Focused funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
HDFC Focused FundHDFC Mutual FundNAV₹255.94001Y−6.34%3Y+14.93%5Y+14.85%Size₹27,716 CrCost0.83%
Invesco India Focused FundInvesco Mutual FundNAV₹31.00001Y+1.51%3Y+20.54%5Y+13.38%Size₹6,179 CrCost0.69%
ICICI Prudential Focused FundICICI Prudential Mutual FundNAV₹103.58001Y−6.19%3Y+16.27%5Y+13.08%Size₹17,696 CrCost1.12%
quant Focused Fundquant Mutual FundNAV₹99.67711Y+2.32%3Y+13.53%5Y+11.73%Size₹849 CrCost1.90%
Mahindra Manulife Focused FundMahindra Manulife Mutual FundNAV₹27.39931Y−8.77%3Y+12.29%5Y+11.37%Size₹2,113 CrCost0.91%
Bandhan Focused FundBandhan Mutual FundNAV₹101.69901Y−4.67%3Y+14.67%5Y+10.26%Size₹2,105 CrCost1.02%
Canara Robeco Focused FundCanara Robeco Mutual FundNAV₹20.26001Y−8.78%3Y+12.43%5Y+10.26%Size₹2,845 CrCost0.82%
HSBC Focused FundHSBC Mutual FundNAV₹27.52901Y−0.44%3Y+13.28%5Y+10.03%Size₹1,787 CrCost1.08%
Kotak Focused FundKotak Mahindra Mutual FundNAV₹28.34301Y−3.85%3Y+13.68%5Y+9.96%Size₹4,438 CrCost0.73%
SBI Focused FundSBI Mutual FundNAV₹428.625526 Oct 20261Y+3.44%3Y+14.85%5Y+9.85%Size₹50,167 CrCost0.81%
JM Focused FundJM Financial Mutual FundNAV₹22.10211Y−9.59%3Y+10.63%5Y+9.82%Size₹288 CrCost1.25%
Motilal Oswal Focused FundMotilal Oswal Mutual FundNAV₹61.62051Y+18.65%3Y+14.35%5Y+9.75%Size₹1,757 CrCost1.61%
360 ONE Focused Fund360 One Mutual FundNAV₹53.72401Y−1.74%3Y+11.36%5Y+9.69%Size₹6,689 CrCost1.25%
DSP Focused FundDSP Mutual FundNAV₹59.28501Y−5.07%3Y+12.64%5Y+9.50%Size₹2,625 CrCost1.10%
Aditya Birla Sun Life Focused FundAditya Birla Sun Life Mutual FundNAV₹159.18401Y−4.09%3Y+12.68%5Y+8.88%Size₹7,915 CrCost1.01%
Union Focused FundUnion Mutual FundNAV₹28.29001Y+2.02%3Y+11.34%5Y+8.45%Size₹449 CrCost1.55%
UTI Focused Fund (30 stocks)UTI Mutual FundNAV₹15.67391Y−7.94%3Y+9.46%5Y+8.38%Size₹2,451 CrCost1.15%
Nippon India Focused FundNippon India Mutual FundNAV₹127.39871Y−6.90%3Y+8.78%5Y+8.05%Size₹8,540 CrCost1.42%
Tata Focused FundTata Mutual FundNAV₹23.61301Y−10.19%3Y+8.57%5Y+7.97%Size₹1,750 CrCost0.93%
Sundaram Focused FundSundaram Mutual FundNAV₹175.65491Y−3.16%3Y+10.27%5Y+7.77%Size₹1,069 CrCost1.36%
Franklin India Focused Equity FundFranklin Templeton Mutual FundNAV₹106.97351Y−15.15%3Y+7.33%5Y+7.57%Size₹11,337 CrCost1.17%
Baroda BNP Paribas Focused FundBaroda BNP Paribas Mutual FundNAV₹22.81821Y−9.48%3Y+8.34%5Y+7.33%Size₹621 CrCost1.18%
LIC MF Focused FundLIC Mutual FundNAV₹22.74401Y−5.18%3Y+8.27%5Y+6.02%Size₹173 CrCost2.35%
Mirae Asset Focused FundMirae Asset Mutual FundNAV₹26.76701Y−7.54%3Y+8.33%5Y+4.82%Size₹6,649 CrCost0.99%
Axis Focused FundAxis Mutual FundNAV₹60.77001Y−7.77%3Y+9.42%5Y+2.55%Size₹11,181 CrCost1.02%
Edelweiss Focused FundEdelweiss Mutual FundNAV₹16.30301Y−8.42%3Y+11.50%5Y–Size₹1,029 CrCost0.85%
ITI Focused FundITI Mutual FundNAV₹16.10311Y−1.20%3Y+15.61%5Y–Size₹618 CrCost0.90%
Old Bridge Focused FundOld Bridge Mutual FundNAV₹12.96001Y+5.45%3Y–5Y–Size₹4,185 CrCost1.11%
Tax on focused funds
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About focused funds in India
Focused funds in India are open-ended equity mutual funds that hold at most 30 stocks. With so few stocks, each holding carries a larger share of the fund than in a typical diversified fund. SEBI, the market regulator, also requires at least 80% of a focused fund's assets in equity and equity-related instruments.
What SEBI requires
SEBI's mutual fund categories define a focused fund as a scheme focused on the number of stocks, with a maximum of 30. The minimum investment in equity and equity-related instruments is 80% of total assets. SEBI raised it from 65% in its circular of 26 Feb 2026, and existing schemes had until 26 Aug 2026 to comply.
The fund must state in its scheme document where it intends to focus: multi cap, large cap, mid cap or small cap. The rules set no minimum for any market-cap group.
A fund house can run only one scheme in the focused category.
How a focused fund is run
One stock's rise or fall moves a focused fund's value more than it would in a fund holding 60 or 80 stocks, and the fund's return rests on fewer of the manager's choices.
If market movements push a portfolio outside its stated asset allocation, SEBI allows 30 business days to rebalance. The fund's investment committee can extend this by up to 60 business days, after the reasons are put to it in writing.
Focused versus neighbouring categories
A flexi cap fund invests at least 65% in equity across large, mid and small companies with no cap on the number of stocks. A multi cap fund must keep at least 75% in equity, with at least 25% each in large, mid and small cap companies. A focused fund has no split by company size; its limits are the 30-stock cap and the 80% equity floor.
Value and contra funds also carry an 80% equity floor, but they are defined by an investment style, not by a stock count.
How this page lists the funds
The page lists the live funds in the focused category. Each fund shows its net asset value (NAV, the price of one unit), returns over 1, 3 and 5 years, average money managed over its latest quarter, and yearly expense ratio, the share of assets charged each year to run the scheme.
Funds are sorted by 5-year return, highest first. Returns over 3 and 5 years are annualised, meaning the yearly rate that would compound to the total gain. Funds with less than five years of history come after the ranked funds, sorted by name. Each fund's page leads with the Direct plan where one exists. The page also shows the category's median for each window, the middle value when the funds are ordered.