Franklin India Focused Equity Fund vs SBI Focused Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Focused Equity Fund and SBI Focused Fund are both Focused funds. In the 3 years to 30-10-2026, Franklin India Focused Equity Fund (Direct) returned 7.5% a year and SBI Focused Fund (Direct) returned 15.3% a year. Franklin India Focused Equity Fund charges 1.17% a year and SBI Focused Fund 0.82% (Direct plans). Their portfolios overlap 12.5%: they hold 3 of the same securities.
Franklin India Focused Equity Fund
Focused
- 3 year return
- 7.5%
- Expense ratio
- 1.17%
- NAV
- ₹107.81
Which is better, Franklin India Focused Equity or SBI Focused? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Focused returned more over 5 years: 10.3% a year against 8.2%.
- SBI Focused returned more over 3 years: 15.3% a year against 7.5%.
- SBI Focused costs less: 0.82% a year against 1.17% (Direct plans).
- SBI Focused swung less over 3 years: a standard deviation of 12.1% a year against 13.2%.
- SBI Focused fell less in its worst fall since 02-01-2013: −32.7% against −37.7%.
- SBI Focused holds 10.5% of the fund in foreign stocks; Franklin India Focused Equity 0.0%.
- SBI Focused is the larger fund: ₹50,180 Cr against ₹10,410 Cr.
- Their portfolios overlap 12.5%: 3 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 | Franklin India Focused Equity Fund | SBI Focused Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | SBI Mutual Fund |
| Category | Focused | Focused |
| AUM | ₹10,410 Cr (30-09-2026) | ₹50,180 Cr (30-09-2026) |
| NAV | ₹107.81 (Direct) | ₹437.31 (Direct) |
| Expense ratio (Direct) | 1.17% | 0.82% |
| Expense ratio (Regular) | 1.94% | 1.58% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 26-07-2007 | 17-09-2004 |
| Minimum investment | 5000/1 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ajay Argal, Venkatesh Sanjeevi, Sandeep Manam | R Srinivasan |
| Exit load | 1% if redeemed/switched-out within 1 year from the date of allotment | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. |
Franklin India Focused Equity vs SBI Focused: 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 |
|---|---|---|---|---|---|---|---|
| Franklin India Focused Equity Fund (Direct) | +0.39% | −6.98% | −5.56% | −14.35% | +7.49% | +8.20% | +12.30% |
| SBI Focused Fund (Direct) | +0.49% | −1.98% | +1.27% | +3.97% | +15.26% | +10.32% | +14.80% |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | +13.15% |
Category average: the average of the 28 Focused funds, same plan type.
Franklin India Focused Equity vs SBI Focused: Year-wise Returns
| Year | Franklin India Focused EquityFranklin India Focused Equity | SBI FocusedSBI Focused |
|---|---|---|
| 2026to date | −13.66% | +1.85% |
| 2025 | +5.92% | +16.62% |
| 2024 | +20.88% | +18.15% |
| 2023 | +24.51% | +23.34% |
| 2022 | +9.74% | −7.56% |
| 2021 | +40.53% | +44.53% |
Franklin India Focused Equity vs SBI Focused: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Franklin India Focused Equity Fund
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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.
Franklin India Focused Equity Fund (Direct)
SBI Focused Fund (Direct)
Nifty 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Focused Equity | 3.1 | 4.3 | 10.2 | 19.4 | 24.5 | 20.8 | 17.6 | 17.3% | 16.9% | −6.4% | 36.7% | 69% |
| SBI Focused | 0.0 | 0.4 | 8.2 | 24.9 | 43.2 | 17.2 | 6.1 | 16.9% | 16.6% | 3.0% | 31.2% | 73% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 37.0 | 34.8 | 11.3 | 2.9 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
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 02-01-2013. Past returns do not promise future returns.
Franklin India Focused Equity vs SBI Focused: 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Focused EquityFranklin India Focused Equity Fund (Direct) | ₹16,60,000 | ₹45,59,692 | ₹28,99,692 | 13.6% |
| SBI FocusedSBI Focused Fund (Direct) | ₹16,60,000 | ₹53,83,410 | ₹37,23,410 | 15.7% |
Franklin India Focused EquityFranklin India Focused Equity Fund (Direct)
SBI FocusedSBI Focused 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.
Franklin India Focused Equity vs SBI Focused: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Focused Equity Fund (Direct) | SBI Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −14.35% | +3.97% |
| Standard deviation | 13.87% | 13.42% |
| Sharpe ratio | -1.41 | -0.09 |
| Sortino ratio | -1.83 | -0.13 |
| Maximum drawdown | −16.2% (23-10-2026) | −12.9% (30-03-2026) |
| Beta | 0.93 | 0.85 |
| Alpha | −7.93% | +9.79% |
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 | Franklin India Focused Equity Fund (Direct) | SBI Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +15.26% |
| Standard deviation | 13.17% | 12.09% |
| Sharpe ratio | 0.11 | 0.76 |
| Sortino ratio | 0.15 | 1.05 |
| Maximum drawdown | −17.9% (07-04-2025) | −12.9% (30-03-2026) |
| Beta | 0.88 | 0.76 |
| Alpha | −2.24% | +6.11% |
From daily NAVs, 30-10-2023 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 | Franklin India Focused Equity Fund (Direct) | SBI Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.20% | +10.32% |
| Standard deviation | 13.32% | 12.10% |
| Sharpe ratio | 0.18 | 0.37 |
| Sortino ratio | 0.24 | 0.51 |
| Maximum drawdown | −17.9% (07-04-2025) | −22.5% (20-06-2022) |
| Beta | 0.89 | 0.76 |
| Alpha | −0.28% | +2.31% |
From daily NAVs, 29-10-2021 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 | Franklin India Focused Equity Fund (Direct) | SBI Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.55% | +15.19% |
| Standard deviation | 15.87% | 13.43% |
| Sharpe ratio | 0.60 | 0.68 |
| Sortino ratio | 0.83 | 0.92 |
| Maximum drawdown | −37.7% (23-03-2020) | −32.7% (23-03-2020) |
| Beta | 0.93 | 0.75 |
| Alpha | +3.19% | +4.04% |
From daily NAVs, 01-01-2013 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.
Franklin India Focused Equity Fund (Direct)
SBI Focused Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Focused Equity Fund (Direct) | −37.7% | 03-06-2019 | 23-03-2020 | 18-11-2020 | 8 months | −16.3% |
| SBI Focused Fund (Direct) | −32.7% | 20-02-2020 | 23-03-2020 | 17-11-2020 | 8 months | −5.7% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 02-01-2013, 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.
Franklin India Focused Equity Fund (Direct)
SBI Focused Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Focused Equity Fund (Direct)
SBI Focused Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Focused Equity Fund (Direct)
SBI Focused Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India Focused Equity Fund (Direct) | 106% | 94% | 6.38% |
| SBI Focused Fund (Direct) | 97% | 81% | 7.54% |
From month-end values since 02-01-2013. 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.
Franklin India Focused Equity vs SBI Focused: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Focused Equity Fund, September 2026; SBI Focused Fund, September 2026
Holdings in common
- Overlap
- 12.5%
- Held by both
- 3
- Only in Franklin India Focused Equity
- 28
- Only in SBI Focused
- 23
| Security | % of Franklin India Focused Equity | % of SBI Focused |
|---|---|---|
| ICICI Bank Ltd | 8.57% | 7.11% |
| Bharti Airtel Ltd | 5.91% | 4.90% |
| Lenskart Solutions Ltd | 0.53% | 2.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.5% means 12.5% 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 Franklin India Focused Equity Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd | 7.66% |
| HDFC Bank Ltd | 7.62% |
| Eternal Ltd | 5.84% |
| Reliance Industries Ltd | 5.70% |
| Sun Pharmaceutical Industries Ltd | 5.15% |
Largest holdings only in SBI Focused Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 8.99% |
| Kotak Mahindra Bank Ltd. | 5.82% |
| State Bank of India | 5.16% |
| Muthoot Finance Ltd. | 4.97% |
| Adani Power Ltd. | 4.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Focused Equity | SBI Focused |
|---|---|---|
| Equity | 94.5% | 91.7% |
| Debt | 0.2% | 1.0% |
| Cash and others | 5.3% | 7.4% |
Market cap of stocks
| Market cap | Franklin India Focused Equity | SBI Focused |
|---|---|---|
| Large Cap | 70.6% | 63.0% |
| Mid Cap | 15.6% | 13.9% |
| Small Cap | 8.3% | 4.3% |
| Foreign stocks | 0.0% | 10.5% |
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 | Franklin India Focused Equity | SBI Focused |
|---|---|---|
| Banks | 25.1% | 18.1% |
| Finance | 2.7% | 14.2% |
| Power | 2.2% | 10.1% |
| IT - Software | 4.4% | 7.2% |
| Retailing | 6.4% | 6.5% |
| Telecom - Services | 5.9% | 4.9% |
| Transport Services | 5.7% | 0.0% |
| Petroleum Products | 5.7% | 0.0% |
| Industrial Products | 5.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Focused Equity vs SBI Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Focused Equity Fund | SBI Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.17% | 0.82% |
| Base expense ratio (Direct) | 0.84% | 0.59% |
| Total expense ratio (Regular) | 1.94% | 1.58% |
| Base expense ratio (Regular) | 1.50% | 1.24% |
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 Franklin India Focused Equity with
Franklin India Focused Equity Fund vs SBI Focused Fund: Frequently Asked Questions
What is the difference between Franklin India Focused Equity Fund and SBI Focused Fund?
Both are Focused funds, run by Franklin Templeton Mutual Fund and SBI Mutual Fund. Their portfolios overlap 12.5%. Franklin India Focused Equity Fund charges 1.17% a year and SBI Focused Fund 0.82%.
Which has given higher returns, Franklin India Focused Equity Fund or SBI Focused Fund?
Over 1 year: Franklin India Focused Equity Fund −14.35%, SBI Focused Fund +3.97%. Over 3 years: Franklin India Focused Equity Fund +7.49% a year, SBI Focused Fund +15.26% a year. Over 5 years: Franklin India Focused Equity Fund +8.20% a year, SBI Focused Fund +10.32% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Focused Equity Fund or SBI Focused Fund?
SBI Focused Fund charges less: 0.82% a year against 1.17%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Focused Equity Fund and SBI Focused Fund overlap?
12.5%. They hold 3 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, LENSKART. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Focused Equity Fund or SBI Focused Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,99,317 in Franklin India Focused Equity Fund (XIRR 5.3% a year) and ₹8,44,251 in SBI Focused Fund (XIRR 12.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Focused Equity Fund and SBI Focused Fund?
Yes. 12.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Focused Equity Fund and SBI Focused Fund?
Franklin India Focused Equity Fund: Ajay Argal, Venkatesh Sanjeevi, Sandeep Manam. SBI Focused Fund: R Srinivasan.
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.