HDFC Focused Fund vs Nippon India Focused Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Focused Fund and Nippon India Focused Fund are both Focused funds. In the 3 years to 30-10-2026, HDFC Focused Fund (Direct) returned 15.4% a year and Nippon India Focused Fund (Direct) returned 8.7% a year. HDFC Focused Fund charges 0.83% a year and Nippon India Focused Fund 1.42% (Direct plans). Their portfolios overlap 29.0%: they hold 6 of the same securities.
Nippon India Focused Fund
Focused
- 3 year return
- 8.7%
- Expense ratio
- 1.42%
- NAV
- ₹127.32
Which is better, HDFC Focused or Nippon India Focused? 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 8.7%.
- HDFC Focused returned more over 3 years: 15.4% a year against 8.7%.
- HDFC Focused costs less: 0.83% a year against 1.42% (Direct plans).
- HDFC Focused swung less over 3 years: a standard deviation of 11.8% a year against 13.4%.
- Nippon India Focused fell less in its worst fall since 02-01-2013: −43.4% against −45.6%.
- HDFC Focused holds more in large companies: 74.2% of the fund in large caps against 62.5%.
- HDFC Focused is the larger fund: ₹26,553 Cr against ₹8,075 Cr.
- Their portfolios overlap 29.0%: 6 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 | Nippon India Focused Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Category | Focused | Focused |
| AUM | ₹26,553 Cr (30-09-2026) | ₹8,075 Cr (30-09-2026) |
| NAV | ₹259.60 (Direct) | ₹127.32 (Direct) |
| Expense ratio (Direct) | 0.83% | 1.42% |
| Expense ratio (Regular) | 1.71% | 2.08% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 17-09-2004 | 26-12-2006 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar | Vinay Sharma, Rishit Parikh |
| 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. | Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. |
HDFC Focused vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| HDFC Focused Fund (Direct) | +1.31% | −3.40% | +2.13% | −4.98% | +15.40% | +15.90% | +14.35% |
| Nippon India Focused Fund (Direct) | −1.18% | −5.72% | −3.28% | −7.11% | +8.73% | +8.68% | +11.92% |
| 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 Nippon India Focused: Year-wise Returns
| Year | HDFCHDFC Focused | Nippon IndiaNippon India Focused |
|---|---|---|
| 2026to date | −4.54% | −7.27% |
| 2025 | +12.05% | +10.08% |
| 2024 | +25.44% | +10.86% |
| 2023 | +31.32% | +27.95% |
| 2022 | +19.93% | +8.44% |
| 2021 | +41.78% | +37.47% |
HDFC Focused vs Nippon India Focused: 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, 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.
HDFC Focused Fund (Direct)
Nippon India 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Focused | 8.3 | 3.6 | 10.7 | 21.9 | 14.1 | 19.8 | 21.6 | 16.7% | 17.0% | −11.2% | 41.6% | 62% |
| Nippon India Focused | 4.4 | 5.2 | 6.8 | 23.1 | 27.6 | 14.2 | 18.8 | 17.3% | 16.4% | −9.0% | 41.6% | 56% |
| 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.
HDFC Focused vs Nippon India 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 |
|---|---|---|---|---|
| HDFC FocusedHDFC Focused Fund (Direct) | ₹16,60,000 | ₹52,73,995 | ₹36,13,995 | 15.4% |
| Nippon India FocusedNippon India Focused Fund (Direct) | ₹16,60,000 | ₹47,61,427 | ₹31,01,427 | 14.1% |
HDFC FocusedHDFC Focused Fund (Direct)
Nippon India FocusedNippon India 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.
HDFC Focused vs Nippon India Focused: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Focused Fund (Direct) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.98% | −7.11% |
| Standard deviation | 13.40% | 14.79% |
| Sharpe ratio | -0.76 | -0.84 |
| Sortino ratio | -1.03 | -1.12 |
| Maximum drawdown | −14.0% (30-03-2026) | −14.9% (31-03-2026) |
| Beta | 0.89 | 1.00 |
| Alpha | +0.93% | +0.51% |
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) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.40% | +8.73% |
| Standard deviation | 11.76% | 13.45% |
| Sharpe ratio | 0.80 | 0.20 |
| Sortino ratio | 1.12 | 0.28 |
| Maximum drawdown | −14.0% (30-03-2026) | −17.6% (03-03-2025) |
| Beta | 0.77 | 0.90 |
| Alpha | +6.13% | −0.77% |
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) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.90% | +8.68% |
| Standard deviation | 12.24% | 13.97% |
| Sharpe ratio | 0.83 | 0.21 |
| Sortino ratio | 1.15 | 0.28 |
| Maximum drawdown | −14.0% (30-03-2026) | −17.6% (03-03-2025) |
| Beta | 0.81 | 0.93 |
| Alpha | +7.68% | +0.23% |
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) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.42% | +15.46% |
| Standard deviation | 16.45% | 16.16% |
| Sharpe ratio | 0.51 | 0.58 |
| Sortino ratio | 0.69 | 0.78 |
| Maximum drawdown | −45.6% (23-03-2020) | −43.4% (23-03-2020) |
| Beta | 0.97 | 0.95 |
| Alpha | +1.77% | +2.98% |
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)
Nippon India 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 |
|---|---|---|---|---|---|---|
| HDFC Focused Fund (Direct) | −45.6% | 08-01-2018 | 23-03-2020 | 02-02-2021 | 10 months | −6.2% |
| Nippon India Focused Fund (Direct) | −43.4% | 15-01-2018 | 23-03-2020 | 02-12-2020 | 8 months | −8.6% |
| 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.
HDFC Focused Fund (Direct)
Nippon India 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.
HDFC Focused Fund (Direct)
Nippon India 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.
HDFC Focused Fund (Direct)
Nippon India Focused Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Focused Fund (Direct) | 105% | 97% | 7.51% |
| Nippon India Focused Fund (Direct) | 111% | 101% | 7.15% |
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.
HDFC Focused vs Nippon India Focused: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Focused Fund, September 2026; Nippon India Focused Fund, September 2026
Holdings in common
- Overlap
- 29.0%
- Held by both
- 6
- Only in HDFC Focused
- 25
- Only in Nippon India Focused
- 24
| Security | % of HDFC Focused | % of Nippon India Focused |
|---|---|---|
| ICICI Bank Ltd. | 9.16% | 9.17% |
| HDFC Bank Ltd. | 7.83% | 9.37% |
| Axis Bank Ltd. | 6.24% | 6.60% |
| Eternal Limited | 4.87% | 3.87% |
| PB Fintech Limited | 1.17% | 1.47% |
| Restaurant Brands Asia Limited | 0.77% | 1.81% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.0% means 29.0% 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 |
|---|---|
| Kotak Mahindra Bank Limited | 6.91% |
| State Bank of India | 5.10% |
| Sun Pharmaceutical Industries Ltd. | 4.07% |
| InterGlobe Aviation Ltd. | 4.00% |
| HCL Technologies Ltd. | 3.54% |
Largest holdings only in Nippon India Focused Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 5.82% |
| Reliance Industries Limited | 4.19% |
| Hindustan Aeronautics Limited | 3.97% |
| Trent Limited | 3.81% |
| Varun Beverages Limited | 3.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Focused | Nippon India Focused |
|---|---|---|
| Equity | 95.2% | 98.4% |
| Debt | 0.2% | 0.0% |
| Cash and others | 4.6% | 1.6% |
Market cap of stocks
| Market cap | HDFC Focused | Nippon India Focused |
|---|---|---|
| Large Cap | 74.2% | 62.5% |
| Mid Cap | 13.5% | 19.3% |
| Small Cap | 7.5% | 16.5% |
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 | HDFC Focused | Nippon India Focused |
|---|---|---|
| Banks | 37.6% | 25.1% |
| Retailing | 7.1% | 14.2% |
| Automobiles | 8.6% | 0.0% |
| Pharmaceuticals & Biotechnology | 6.5% | 1.6% |
| Electrical Equipment | 1.1% | 5.8% |
| IT - Software | 3.5% | 5.8% |
| Insurance | 3.0% | 5.5% |
| Leisure Services | 2.5% | 5.3% |
| Healthcare Services | 4.7% | 2.7% |
| Transport Services | 4.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Focused vs Nippon India Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Focused Fund | Nippon India Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | 1.42% |
| Base expense ratio (Direct) | 0.63% | 0.96% |
| Total expense ratio (Regular) | 1.71% | 2.08% |
| Base expense ratio (Regular) | 1.37% | 1.53% |
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 HDFC Focused with
HDFC Focused Fund vs Nippon India Focused Fund: Frequently Asked Questions
What is the difference between HDFC Focused Fund and Nippon India Focused Fund?
Both are Focused funds, run by HDFC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 29.0%. HDFC Focused Fund charges 0.83% a year and Nippon India Focused Fund 1.42%.
Which has given higher returns, HDFC Focused Fund or Nippon India Focused Fund?
Over 1 year: HDFC Focused Fund −4.98%, Nippon India Focused Fund −7.11%. Over 3 years: HDFC Focused Fund +15.40% a year, Nippon India Focused Fund +8.73% a year. Over 5 years: HDFC Focused Fund +15.90% a year, Nippon India Focused Fund +8.68% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Focused Fund or Nippon India Focused Fund?
HDFC Focused Fund charges less: 0.83% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Focused Fund and Nippon India Focused Fund overlap?
29.0%. They hold 6 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Focused Fund or Nippon India Focused Fund?
On SEBI's riskometer, HDFC Focused Fund is rated Very High and Nippon India Focused Fund Very High. Over 3 years, the standard deviation of daily returns was 11.76% and 13.45% a year.
Which is better for SIP, HDFC Focused Fund or Nippon India Focused Fund?
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 ₹7,33,095 in Nippon India Focused Fund (XIRR 7.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Focused Fund and Nippon India Focused Fund?
Yes. 29.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Focused Fund and Nippon India Focused Fund?
HDFC Focused Fund: Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar. Nippon India Focused Fund: Vinay Sharma, Rishit Parikh.
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.