Top Focused Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 28 Focused mutual funds. Their average 3 year return is 12.3% a year, and −3.1% over the last year. The highest 3 year returns: Invesco India Focused Fund 21.4%, ICICI Prudential Focused Fund 16.4%, ITI Focused Fund 15.8%.
- Total AUM
- ₹1,79,873 Cr
- As on 30-09-2026
- Funds
- 28
- From 28 fund houses
- Expense ratio
- 0.70% to 2.35%
- Direct plans, lowest to highest
- Average 3Y return
- 12.3%
- A year, Direct plans
All Focused Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Focused Fund | 1 | 6,229 | +3.30% | +21.38% | +14.31% | -- | Very High | 0.70% | 1% within 365 days | 16.08% |
| ICICI Prudential Focused Fund | 2 | 17,168 | −4.91% | +16.41% | +13.76% | +14.87% | -- | 1.12% | 1% within 1 year | 13.52% |
| ITI Focused Fund | 3 | 607 | −0.70% | +15.80% | -- | -- | Very High | 0.90% | 0.5% within 3 months | 16.09% |
| HDFC Focused Fund | 4 | 26,553 | −4.98% | +15.40% | +15.90% | +14.35% | Very High | 0.83% | 1% within 1 year | 11.76% |
| SBI Focused Fund | 5 | 50,180 | +3.97% | +15.26% | +10.32% | +14.80% | Very High | 0.82% | Varies | 12.09% |
| Bandhan Focused Fund | 6 | 2,094 | −5.46% | +14.34% | +10.58% | +13.21% | Very High | 1.02% | 1% within 1 year | 15.18% |
| Motilal Oswal Focused Fund | 7 | 1,845 | +19.34% | +14.25% | +10.22% | +12.76% | Very High | 1.61% | 1% within 365 days | 16.83% |
| Kotak Focused Fund | 8 | 4,273 | −2.55% | +14.10% | +10.63% | -- | Very High | 0.73% | 1% within 1 year | 14.22% |
| Quant Focused Fund | 9 | 825 | +1.83% | +13.47% | +12.68% | +14.32% | Very High | 1.90% | 1% within 15 days | 16.66% |
| HSBC Focused Fund | 10 | 1,751 | +0.43% | +13.37% | +10.76% | -- | Very High | 1.09% | 1% within 1 year | 15.80% |
| Aditya Birla Sun Life Focused Fund | 11 | 7,512 | −2.09% | +13.35% | +9.88% | +12.59% | Very High | 1.01% | 1% within 90 days | 13.53% |
| DSP Focused Fund | 12 | 2,503 | −4.40% | +12.91% | +10.04% | +11.47% | Very High | 1.10% | 1% within 1 month | 14.32% |
| Mahindra Manulife Focused Fund | 13 | 1,930 | −7.72% | +12.56% | +12.18% | -- | Very High | 0.91% | 1% within 3 months | 13.71% |
| Canara Robeco Focused Fund | 14 | 2,730 | −8.23% | +12.52% | +10.83% | -- | Very High | 0.83% | 1% within 365 days | 13.59% |
| 360 ONE Focused Fund | 15 | 6,496 | −0.64% | +11.83% | +10.27% | +15.20% | Very High | 1.25% | None | 15.02% |
| Edelweiss Focused Fund | 16 | 959 | −7.60% | +11.78% | -- | -- | Very High | 0.85% | 1% within 90 days | 14.81% |
| Union Focused Fund | 17 | 433 | +2.74% | +11.50% | +8.82% | -- | Very High | 1.55% | 1% within 15 days | 14.98% |
| JM Focused Fund | 18 | 274 | −7.99% | +11.02% | +10.67% | +11.82% | Very High | 1.25% | 1% within 30 days | 16.54% |
| Sundaram Focused Fund | 19 | 1,032 | −2.25% | +10.30% | -- | -- | Very High | 1.36% | 0.25% within 7 days | 13.26% |
| Axis Focused Fund | 20 | 10,476 | −5.25% | +10.14% | +3.36% | +11.36% | Very High | 1.02% | 1% within 12 months | 13.79% |
| UTI Focused Fund (30 stocks) | 21 | 2,310 | −6.03% | +10.02% | +8.89% | -- | Very High | 1.15% | 1% within 1 year | 13.45% |
| Baroda BNP Paribas Focused Fund | 22 | 520 | −8.73% | +8.88% | -- | -- | -- | 1.18% | -- | 15.90% |
| Nippon India Focused Fund | 23 | 8,075 | −7.11% | +8.73% | +8.68% | +11.92% | Very High | 1.42% | 1% within 12 months | 13.45% |
| LIC MF Focused Fund | 24 | 171 | −5.12% | +8.47% | -- | -- | Very High | 2.35% | 1% within 12 months | 15.45% |
| Tata Focused Fund | 25 | 1,625 | −10.26% | +8.45% | +8.50% | -- | Very High | 0.94% | 0.5% within 30 days | 14.49% |
| Mirae Asset Focused Fund | 26 | 6,350 | −6.96% | +8.36% | +5.21% | -- | Very High | 0.99% | 1% within 1 year | 13.36% |
| Franklin India Focused Equity Fund | 27 | 10,410 | −14.35% | +7.49% | +8.20% | +12.30% | -- | 1.17% | 1% within 1 year | 13.17% |
| Old Bridge Focused Fund | -- | 4,542 | +5.27% | -- | -- | -- | Very High | 1.11% | 1% within 365 days | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Focused Funds Bought and Sold in September 2026
What the 5 largest Focused funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| 360 One Wam Ltd.ICICI Prudential Focused, Franklin India Focused Equity | -- | 2 funds |
| AIA Engineering LtdFranklin India Focused Equity | 1 fund | -- |
| RBL Bank LtdFranklin India Focused Equity | 1 fund | -- |
| PB Fintech LimitedHDFC Focused | 1 fund | -- |
| Pine Labs LtdFranklin India Focused Equity | 1 fund | -- |
| Physicswallah LtdFranklin India Focused Equity | 1 fund | -- |
| Lenskart Solutions LtdFranklin India Focused Equity | 1 fund | -- |
| Bajaj Finance Ltd.SBI Focused | -- | 1 fund |
| HDFC Bank Ltd.HDFC Focused | -- | 1 fund |
| Kotak Mahindra Bank LimitedHDFC Focused | -- | 1 fund |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Eternal LimitedHDFC Focused, Axis Focused, Franklin India Focused Equity | -- | 3 funds |
| HDFC Bank Ltd.ICICI Prudential Focused, Franklin India Focused Equity | -- | 2 funds |
| Divi's Laboratories Ltd.SBI Focused, Axis Focused | -- | 2 funds |
| Infosys LtdFranklin India Focused Equity | 1 fund | -- |
| Tata Motors Passenger Vehicles Ltd.ICICI Prudential Focused | 1 fund | -- |
| ESCORTS KUBOTA LIMITEDHDFC Focused | 1 fund | -- |
| Deepak Nitrite LtdFranklin India Focused Equity | 1 fund | -- |
| HDFC Life Insurance Co LtdFranklin India Focused Equity | 1 fund | -- |
| Oil & Natural Gas Corporation LimitedAxis Focused | 1 fund | -- |
| Axis Bank Ltd.HDFC Focused | -- | 1 fund |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: SBI Focused Fund, HDFC Focused Fund, ICICI Prudential Focused Fund, Axis Focused Fund, Franklin India Focused Equity Fund.
Compare Focused Funds
The largest funds of the category, side by side
How Focused Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Focused Fund?
At most 30 stocks, with at least 65% of the fund in stocks. This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other equity categories: Large Cap · Large & Mid Cap · Mid Cap · Small Cap · Multi Cap · Flexi Cap · Value and Contra · Dividend Yield · ELSS
Focused Funds: Frequently Asked Questions
Which are the top Focused mutual funds?
By 3 year return, the top Focused funds are 1. Invesco India Focused Fund (21.4% a year), 2. ICICI Prudential Focused Fund (16.4% a year), 3. ITI Focused Fund (15.8% a year), 4. HDFC Focused Fund (15.4% a year), 5. SBI Focused Fund (15.3% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Focused funds are there?
28 Focused funds are open for investment, from 28 fund houses.
What is a Focused fund?
At most 30 stocks, with at least 65% of the fund in stocks.
What is the average return of Focused funds?
1 year: -3.1%, 3 years: 12.3% a year, 5 years: 10.2% a year. The simple average of every Focused fund's Direct plan.
Which Focused fund has the lowest expense ratio?
Invesco India Focused Fund, at 0.70% a year (Direct plan), as reported to AMFI.
Which is the largest Focused fund?
SBI Focused Fund, with ₹50,180 Cr of investors' money on 30-09-2026.
How are Focused funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.