HDFC Focused Fund vs LIC MF BSE Sensex ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Focused Fund is a Focused fund and LIC MF BSE Sensex ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC Focused Fund (Direct) returned 15.4% a year and LIC MF BSE Sensex ETF returned 6.2% a year. HDFC Focused Fund charges 0.83% a year and LIC MF BSE Sensex ETF 0.12%. Their portfolios overlap 43.9%: they hold 12 of the same securities.
Which is better, HDFC Focused or LIC MF BSE Sensex ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Focused returned more over 5 years: 15.9% a year against 5.8%.
- HDFC Focused returned more over 3 years: 15.4% a year against 6.2%.
- LIC MF BSE Sensex ETF costs less: 0.12% a year against 0.83%.
- HDFC Focused swung less over 3 years: a standard deviation of 11.8% a year against 13.3%.
- LIC MF BSE Sensex ETF fell less in its worst fall since 01-12-2015: −37.9% against −45.6%.
- LIC MF BSE Sensex ETF holds more in large companies: 99.9% of the fund in large caps against 74.2%.
- HDFC Focused is the larger fund: ₹26,553 Cr against ₹676 Cr.
- Their portfolios overlap 43.9%: 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 | HDFC Focused Fund | LIC MF BSE Sensex ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | LIC Mutual Fund |
| Category | Focused | ETF |
| AUM | ₹26,553 Cr (30-09-2026) | ₹676 Cr (30-09-2026) |
| NAV | ₹259.60 (Direct) | ₹842.05 |
| Expense ratio (Direct) | 0.83% | Not available |
| Expense ratio (Regular) | 1.71% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE SENSEX TRI |
| Launch date | 17-09-2004 | 30-11-2015 |
| Minimum investment | ₹100 | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | None | None |
| Fund managers | Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar | Nikhil Kapoor, Sasikant Aravamuthan |
| Exit load | In respect of each purchase/ switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment. | Nil |
HDFC Focused vs LIC MF BSE Sensex ETF: 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 |
|---|---|---|---|---|---|---|---|
| HDFC Focused Fund (Direct) | +1.31% | −3.40% | +2.13% | −4.98% | +15.40% | +15.90% | +14.35% |
| LIC MF BSE Sensex ETF | +2.76% | −4.31% | −2.45% | −11.01% | +6.18% | +5.79% | +11.51% |
| 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.
HDFC Focused vs LIC MF BSE Sensex ETF: Year-wise Returns
| Year | HDFC FocusedHDFC Focused | LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF |
|---|---|---|
| 2026to date | −4.54% | −11.89% |
| 2025 | +12.05% | +10.26% |
| 2024 | +25.44% | +9.28% |
| 2023 | +31.32% | +20.18% |
| 2022 | +19.93% | +5.75% |
| 2021 | +41.78% | +22.96% |
HDFC Focused vs LIC MF BSE Sensex ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HDFC Focused Fund
Rolling returns
Every 3-year holding period, 1,949 of them, one for each trading day from 03-12-2018 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.
HDFC Focused Fund (Direct)
LIC MF BSE Sensex ETF
Nifty 500 TRI
to
Jul 2019Nov 2017
to
Nov 2020Mar 2019
to
Mar 2022Aug 2020
to
Aug 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Focused | 11.4 | 5.0 | 10.8 | 12.6 | 13.9 | 19.9 | 26.5 | 17.0% | 18.1% | −11.2% | 41.6% | 56% |
| LIC MF BSE Sensex ETF | 0.3 | 4.0 | 12.7 | 40.8 | 33.1 | 6.8 | 2.3 | 14.0% | 14.4% | −2.8% | 32.0% | 35% |
| Nifty 500 TRI | 2.6 | 5.9 | 7.9 | 28.1 | 38.0 | 13.6 | 4.0 | 15.1% | 15.6% | −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 01-12-2015. Past returns do not promise future returns.
HDFC Focused vs LIC MF BSE Sensex ETF: 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 01-12-2015 to 30-10-2026: 131 instalments, ₹13,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC FocusedHDFC Focused Fund (Direct) | ₹13,10,000 | ₹32,68,244 | ₹19,58,244 | 15.9% |
| LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | ₹13,10,000 | ₹23,42,779 | ₹10,32,779 | 10.2% |
HDFC FocusedHDFC Focused Fund (Direct)
LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF
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.
HDFC Focused vs LIC MF BSE Sensex ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Focused Fund (Direct) | LIC MF BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | −4.98% | −11.01% |
| Standard deviation | 13.40% | 13.98% |
| Sharpe ratio | -0.76 | -1.16 |
| Sortino ratio | -1.03 | -1.55 |
| Maximum drawdown | −14.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.89 | 1.00 |
| Alpha | +0.93% | −0.11% |
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 | HDFC Focused Fund (Direct) | LIC MF BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +15.40% | +6.18% |
| Standard deviation | 11.76% | 13.27% |
| Sharpe ratio | 0.80 | 0.01 |
| Sortino ratio | 1.12 | 0.02 |
| Maximum drawdown | −14.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.77 | 1.00 |
| Alpha | +6.13% | −0.14% |
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 | HDFC Focused Fund (Direct) | LIC MF BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +15.90% | +5.79% |
| Standard deviation | 12.24% | 13.77% |
| Sharpe ratio | 0.83 | -0.00 |
| Sortino ratio | 1.15 | -0.00 |
| Maximum drawdown | −14.0% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.81 | 1.00 |
| Alpha | +7.68% | −0.13% |
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 | HDFC Focused Fund (Direct) | LIC MF BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +14.42% | +11.30% |
| Standard deviation | 16.45% | 16.03% |
| Sharpe ratio | 0.51 | 0.36 |
| Sortino ratio | 0.69 | 0.50 |
| Maximum drawdown | −45.6% (23-03-2020) | −37.9% (23-03-2020) |
| Beta | 0.97 | 1.00 |
| Alpha | +1.77% | −0.10% |
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.
HDFC Focused Fund (Direct)
LIC MF BSE Sensex ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Focused Fund (Direct) | −45.6% | 08-01-2018 | 23-03-2020 | 02-02-2021 | 10 months | −6.2% |
| LIC MF BSE Sensex ETF | −37.9% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 01-12-2015, 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.
HDFC Focused Fund (Direct)
LIC MF BSE Sensex ETF
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.
HDFC Focused Fund (Direct)
LIC MF BSE Sensex ETF
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.
HDFC Focused Fund (Direct)
LIC MF BSE Sensex ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Focused Fund (Direct) | 102% | 96% | 6.78% |
| LIC MF BSE Sensex ETF | 91% | 91% | 4.41% |
From month-end values since 01-12-2015. 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.
HDFC Focused vs LIC MF BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Focused Fund, September 2026; LIC MF BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 43.9%
- Held by both
- 12
- Only in HDFC Focused
- 19
- Only in LIC MF BSE Sensex ETF
- 18
| Security | % of HDFC Focused | % of LIC MF BSE Sensex ETF |
|---|---|---|
| ICICI Bank Ltd. | 9.16% | 10.96% |
| HDFC Bank Ltd. | 7.83% | 12.57% |
| State Bank of India | 5.10% | 4.60% |
| Axis Bank Ltd. | 6.24% | 4.10% |
| Kotak Mahindra Bank Limited | 6.91% | 3.58% |
| Bharti Airtel Ltd. | 3.20% | 6.32% |
| Eternal Limited | 4.87% | 2.75% |
| Sun Pharmaceutical Industries Ltd. | 4.07% | 2.29% |
| Maruti Suzuki India Limited | 3.40% | 1.80% |
| Tata Steel Ltd. | 1.78% | 1.78% |
| HCL Technologies Ltd. | 3.54% | 1.51% |
| InterGlobe Aviation Ltd. | 4.00% | 1.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.9% means 43.9% 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 HDFC Focused Fund
| Security | % of fund |
|---|---|
| Aster DM Quality Care Limited | 3.30% |
| Eicher Motors Ltd. | 3.22% |
| SBI Life Insurance Company Ltd. | 3.02% |
| Bosch Limited | 2.51% |
| Cipla Ltd. | 2.40% |
Largest holdings only in LIC MF BSE Sensex ETF
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 9.08% |
| Larsen & Toubro Ltd. | 5.09% |
| Infosys Ltd. | 4.08% |
| Mahindra & Mahindra Ltd. | 3.08% |
| Bajaj Finance Ltd. | 3.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Focused | LIC MF BSE Sensex ETF |
|---|---|---|
| Equity | 95.2% | 99.9% |
| Debt | 0.2% | 0.0% |
| Cash and others | 4.6% | 0.1% |
Market cap of stocks
| Market cap | HDFC Focused | LIC MF BSE Sensex ETF |
|---|---|---|
| Large Cap | 74.2% | 99.9% |
| Mid Cap | 13.5% | 0.0% |
| Small Cap | 7.5% | 0.0% |
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 | HDFC Focused | LIC MF BSE Sensex ETF |
|---|---|---|
| Banks | 37.6% | 35.8% |
| IT - Software | 3.5% | 9.1% |
| Petroleum Products | 0.0% | 9.1% |
| Automobiles | 8.6% | 4.9% |
| Retailing | 7.1% | 3.8% |
| Pharmaceuticals & Biotechnology | 6.5% | 2.3% |
| Telecom - Services | 3.2% | 6.3% |
| Construction | 0.0% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
| Healthcare Services | 4.7% | 0.0% |
| Transport Services | 4.0% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Focused vs LIC MF BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Focused Fund | LIC MF BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | Not available |
| Base expense ratio (Direct) | 0.63% | 0.00% |
| Total expense ratio (Regular) | 1.71% | Not available |
| Base expense ratio (Regular) | 1.37% | 0.09% |
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
HDFC Focused Fund vs LIC MF BSE Sensex ETF: Frequently Asked Questions
What is the difference between HDFC Focused Fund and LIC MF BSE Sensex ETF?
HDFC Focused Fund is a Focused fund, LIC MF BSE Sensex ETF is an ETF fund, run by HDFC Mutual Fund and LIC Mutual Fund. Their portfolios overlap 43.9%. HDFC Focused Fund charges 0.83% a year and LIC MF BSE Sensex ETF 0.12%.
Which has given higher returns, HDFC Focused Fund or LIC MF BSE Sensex ETF?
Over 1 year: HDFC Focused Fund −4.98%, LIC MF BSE Sensex ETF −11.01%. Over 3 years: HDFC Focused Fund +15.40% a year, LIC MF BSE Sensex ETF +6.18% a year. Over 5 years: HDFC Focused Fund +15.90% a year, LIC MF BSE Sensex ETF +5.79% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Focused Fund or LIC MF BSE Sensex ETF?
LIC MF BSE Sensex ETF charges less: 0.12% a year against 0.83%. These are the total expense ratios reported to AMFI.
How much do HDFC Focused Fund and LIC MF BSE Sensex ETF overlap?
43.9%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, HDFC Focused Fund or LIC MF BSE Sensex ETF?
On SEBI's riskometer, HDFC Focused Fund is rated Very High and LIC MF BSE Sensex ETF Very High. Over 3 years, the standard deviation of daily returns was 11.76% and 13.27% a year.
Which is better for SIP, HDFC Focused Fund or LIC MF BSE Sensex ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,60,883 in HDFC Focused Fund (XIRR 13.5% a year) and ₹6,77,700 in LIC MF BSE Sensex ETF (XIRR 4.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Focused Fund and LIC MF BSE Sensex ETF?
Yes. 43.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Focused Fund and LIC MF BSE Sensex ETF?
HDFC Focused Fund: Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar. LIC MF BSE Sensex ETF: Nikhil Kapoor, Sasikant Aravamuthan.
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.