Axis Focused Fund vs ICICI Prudential Active Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Focused Fund is a Focused fund and ICICI Prudential Active Momentum Fund is a Thematic fund. In the year to 30-10-2026, Axis Focused Fund (Direct) returned −5.3% and ICICI Prudential Active Momentum Fund (Direct) returned −2.8%. Axis Focused Fund charges 1.02% a year and ICICI Prudential Active Momentum Fund 1.82% (Direct plans). Their portfolios overlap 28.3%: they hold 12 of the same securities.
ICICI Prudential Active Momentum Fund
Thematic
- 1 year return
- −2.8%
- Expense ratio
- 1.82%
- NAV
- ₹10.11
Which is better, Axis Focused or ICICI Prudential Active Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Active Momentum returned more over 1 year: −2.8% against −5.3%.
- Axis Focused costs less: 1.02% a year against 1.82% (Direct plans).
- ICICI Prudential Active Momentum fell less in its worst fall since 28-07-2025: −11.7% against −17.3%.
- Axis Focused holds more in large companies: 78.8% of the fund in large caps against 44.2%.
- Axis Focused is the larger fund: ₹10,476 Cr against ₹2,097 Cr.
- Their portfolios overlap 28.3%: 12 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Focused Fund | ICICI Prudential Active Momentum Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Focused | Thematic |
| AUM | ₹10,476 Cr (30-09-2026) | ₹2,097 Cr (30-09-2026) |
| NAV | ₹62.10 (Direct) | ₹10.11 (Direct) |
| Expense ratio (Direct) | 1.02% | 1.82% |
| Expense ratio (Regular) | 1.92% | 2.87% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 28-06-2012 | 25-07-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Sachin Relekar, Krishnaa N | Manasvi Shah, Sharmila D'silva |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Exit load of 1% if redeemed within 1 month. |
Axis Focused vs ICICI Prudential Active Momentum: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Focused Fund (Direct) | +0.27% | −3.23% | +4.19% | −5.25% | +10.14% | +3.36% | +11.36% |
| ICICI Prudential Active Momentum Fund (Direct) | −5.78% | −6.48% | −4.89% | −2.79% | -- | -- | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | +13.15% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 28 Focused funds and the 235 Thematic funds, same plan type.
Axis Focused vs ICICI Prudential Active Momentum: Year-wise Returns
| Year | Axis FocusedAxis Focused | ICICI Prudential Active MomentumICICI Prudential Active Momentum | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −1.51% | −5.51% | −7.51% |
| 2025 | +3.43% | -- | +7.76% |
| 2024 | +15.87% | -- | +16.24% |
| 2023 | +18.36% | -- | +26.91% |
| 2022 | −13.56% | -- | +4.25% |
| 2021 | +25.35% | -- | +31.60% |
Axis Focused vs ICICI Prudential Active Momentum: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 64 of them, one for each trading day from 28-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Focused Fund (Direct)
ICICI Prudential Active Momentum Fund (Direct)
Nifty 500 TRI
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Focused | 39.1 | 42.2 | 18.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8% | 1.2% | −8.6% | 7.5% | 77% |
| ICICI Prudential Active Momentum | 9.4 | 9.4 | 43.8 | 37.5 | 0.0 | 0.0 | 0.0 | 7.8% | 8.8% | −4.2% | 13.6% | 100% |
| Nifty 500 TRI | 48.4 | 35.9 | 15.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0% | 0.7% | −9.0% | 6.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-07-2025. Past returns do not promise future returns.
Axis Focused vs ICICI Prudential Active Momentum: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis FocusedAxis Focused Fund (Direct) | ₹1,60,000 | ₹1,59,708 | −₹292 | −0.3% |
| ICICI Prudential Active MomentumICICI Prudential Active Momentum Fund (Direct) | ₹1,60,000 | ₹1,54,526 | −₹5,474 | −4.9% |
Axis FocusedAxis Focused Fund (Direct)
ICICI Prudential Active MomentumICICI Prudential Active Momentum Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Focused vs ICICI Prudential Active Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Focused Fund (Direct) | ICICI Prudential Active Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.25% | −2.79% |
| Standard deviation | 14.57% | 14.02% |
| Sharpe ratio | -0.72 | -0.57 |
| Sortino ratio | -0.95 | -0.74 |
| Maximum drawdown | −16.8% (30-03-2026) | −11.7% (23-10-2026) |
| Beta | 0.95 | 0.90 |
| Alpha | +1.51% | +3.26% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Focused Fund (Direct) | ICICI Prudential Active Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.81% | +0.95% |
| Standard deviation | 15.60% | 12.85% |
| Sharpe ratio | 0.43 | -0.34 |
| Sortino ratio | 0.59 | -0.44 |
| Maximum drawdown | −33.7% (23-03-2020) | −11.7% (23-10-2026) |
| Beta | 0.92 | 0.87 |
| Alpha | +0.53% | +2.42% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Focused Fund (Direct)
ICICI Prudential Active Momentum Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Focused Fund (Direct) | −17.3% | 27-10-2025 | 30-03-2026 | 03-08-2026 | 4 months | −7.3% |
| ICICI Prudential Active Momentum Fund (Direct) | −11.7% | 25-08-2026 | 23-10-2026 | Not yet | -- | −9.9% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 28-07-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Focused Fund (Direct)
ICICI Prudential Active Momentum Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Focused Fund (Direct) | 121% | 113% | 5.69% |
| ICICI Prudential Active Momentum Fund (Direct) | 103% | 85% | 7.07% |
From month-end values since 28-07-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Focused vs ICICI Prudential Active Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Focused Fund, September 2026; ICICI Prudential Active Momentum Fund, September 2026
Holdings in common
- Overlap
- 28.3%
- Held by both
- 12
- Only in Axis Focused
- 16
- Only in ICICI Prudential Active Momentum
- 34
| Security | % of Axis Focused | % of ICICI Prudential Active Momentum |
|---|---|---|
| Axis Bank Limited | 3.24% | 3.00% |
| Mahindra & Mahindra Limited | 3.43% | 2.99% |
| Eternal Limited | 7.85% | 2.62% |
| Apollo Hospitals Enterprise Limited | 5.06% | 2.53% |
| Bajaj Finance Limited | 5.34% | 2.51% |
| Apar Industries Limited | 4.90% | 2.39% |
| Cummins India Limited | 2.69% | 2.33% |
| Titan Company Limited | 2.32% | 2.92% |
| Hyundai Motor India Ltd | 2.08% | 2.41% |
| CG Power and Industrial Solutions Limited | 2.15% | 2.00% |
| TVS Motor Company Limited | 4.53% | 1.98% |
| TD Power Systems Limited | 2.32% | 1.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.3% means 28.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Focused Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 8.13% |
| Divi's Laboratories Limited | 6.50% |
| Cholamandalam Investment and Finance Company Ltd | 5.14% |
| State Bank of India | 4.22% |
| InterGlobe Aviation Limited | 3.56% |
Largest holdings only in ICICI Prudential Active Momentum Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Ltd. | 3.76% |
| SPR Auto Technologies Ltd. | 2.85% |
| Coal India Ltd. | 2.83% |
| Nippon Life India Asset Management Ltd | 2.55% |
| Radico Khaitan Ltd. | 2.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Focused | ICICI Prudential Active Momentum |
|---|---|---|
| Equity | 93.8% | 93.7% |
| Debt | 2.8% | 0.0% |
| Cash and others | 3.4% | 6.3% |
Market cap of stocks
| Market cap | Axis Focused | ICICI Prudential Active Momentum |
|---|---|---|
| Large Cap | 78.8% | 44.2% |
| Mid Cap | 11.7% | 23.9% |
| Small Cap | 1.0% | 22.1% |
| Not on AMFI's list | 2.3% | 3.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Focused | ICICI Prudential Active Momentum |
|---|---|---|
| Banks | 18.8% | 4.7% |
| Industrial Products | 2.7% | 10.6% |
| Finance | 10.5% | 6.6% |
| Automobiles | 10.0% | 7.4% |
| Auto Components | 0.0% | 9.4% |
| Electrical Equipment | 9.4% | 8.8% |
| Retailing | 7.8% | 7.9% |
| Pharmaceuticals & Biotechnology | 6.5% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Focused vs ICICI Prudential Active Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Focused Fund | ICICI Prudential Active Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 1.82% |
| Base expense ratio (Direct) | 0.75% | 0.83% |
| Total expense ratio (Regular) | 1.92% | 2.87% |
| Base expense ratio (Regular) | 1.50% | 1.76% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Focused with
Compare ICICI Prudential Active Momentum with
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- ICICI Prudential Active Momentum vs HDFC Defence
- ICICI Prudential Active Momentum vs HDFC Pharma and Healthcare
- ICICI Prudential Active Momentum vs SBI Healthcare Opportunities
- ICICI Prudential Active Momentum vs Aditya Birla Sun Life International Equity
Axis Focused Fund vs ICICI Prudential Active Momentum Fund: Frequently Asked Questions
What is the difference between Axis Focused Fund and ICICI Prudential Active Momentum Fund?
Axis Focused Fund is a Focused fund, ICICI Prudential Active Momentum Fund is a Thematic fund, run by Axis Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 28.3%. Axis Focused Fund charges 1.02% a year and ICICI Prudential Active Momentum Fund 1.82%.
Which has given higher returns, Axis Focused Fund or ICICI Prudential Active Momentum Fund?
Over 1 year: Axis Focused Fund −5.25%, ICICI Prudential Active Momentum Fund −2.79%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Focused Fund or ICICI Prudential Active Momentum Fund?
Axis Focused Fund charges less: 1.02% a year against 1.82%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Focused Fund and ICICI Prudential Active Momentum Fund overlap?
28.3%. They hold 12 of the same securities, the largest shared ones being AXISBANK, M&M, ETERNAL. From each fund's latest monthly portfolio.
Can I invest in both Axis Focused Fund and ICICI Prudential Active Momentum Fund?
Yes. 28.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Focused Fund and ICICI Prudential Active Momentum Fund?
Axis Focused Fund: Sachin Relekar, Krishnaa N. ICICI Prudential Active Momentum Fund: Manasvi Shah, Sharmila D'silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.