ITI Focused Fund vs Nippon India Focused Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Focused Fund and Nippon India Focused Fund are both Focused funds. In the 3 years to 30-10-2026, ITI Focused Fund (Direct) returned 15.8% a year and Nippon India Focused Fund (Direct) returned 8.7% a year. ITI Focused Fund charges 0.90% a year and Nippon India Focused Fund 1.42% (Direct plans). Their portfolios overlap 13.3%: they hold 3 of the same securities.
Nippon India Focused Fund
Focused
- 3 year return
- 8.7%
- Expense ratio
- 1.42%
- NAV
- ₹127.32
Which is better, ITI 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.
- ITI Focused returned more over 3 years: 15.8% a year against 8.7%.
- ITI Focused returned more over 1 year: −0.7% against −7.1%.
- ITI Focused costs less: 0.90% a year against 1.42% (Direct plans).
- Nippon India Focused swung less over 3 years: a standard deviation of 13.4% a year against 16.1%.
- Nippon India Focused fell less in its worst fall since 21-06-2023: −17.6% against −18.4%.
- Nippon India Focused holds more in large companies: 62.5% of the fund in large caps against 51.4%.
- Nippon India Focused is the larger fund: ₹8,075 Cr against ₹607 Cr.
- Their portfolios overlap 13.3%: 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 | ITI Focused Fund | Nippon India Focused Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Nippon India Mutual Fund |
| Category | Focused | Focused |
| AUM | ₹607 Cr (30-09-2026) | ₹8,075 Cr (30-09-2026) |
| NAV | ₹16.24 (Direct) | ₹127.32 (Direct) |
| Expense ratio (Direct) | 0.90% | 1.42% |
| Expense ratio (Regular) | 2.59% | 2.08% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 19-06-2023 | 26-12-2006 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhimant Shah, Alok Ranjan | Vinay Sharma, Rishit Parikh |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. |
ITI 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 |
|---|---|---|---|---|---|---|---|
| ITI Focused Fund (Direct) | −3.18% | −5.95% | −1.75% | −0.70% | +15.80% | -- | -- |
| 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.
ITI Focused vs Nippon India Focused: Year-wise Returns
| Year | ITIITI Focused | Nippon IndiaNippon India Focused |
|---|---|---|
| 2026to date | −2.51% | −7.27% |
| 2025 | +9.68% | +10.08% |
| 2024 | +26.87% | +10.86% |
| 2023 | -- | +27.95% |
| 2022 | -- | +8.44% |
| 2021 | -- | +37.47% |
ITI Focused vs Nippon India Focused: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of ITI Focused Fund
Rolling returns
Every 3-year holding period, 89 of them, one for each trading day from 22-06-2026 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.
ITI Focused Fund (Direct)
Nippon India Focused Fund (Direct)
Nifty 500 TRI
to
Jul 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Focused | 0.0 | 0.0 | 0.0 | 2.2 | 71.9 | 25.8 | 0.0 | 18.7% | 19.2% | 14.4% | 21.1% | 100% |
| Nippon India Focused | 0.0 | 0.0 | 39.3 | 60.7 | 0.0 | 0.0 | 0.0 | 10.8% | 11.3% | 7.8% | 14.2% | 11% |
| Nifty 500 TRI | 0.0 | 0.0 | 21.3 | 78.7 | 0.0 | 0.0 | 0.0 | 11.7% | 12.1% | 8.8% | 14.1% | -- |
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 21-06-2023. Past returns do not promise future returns.
ITI 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 21-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI FocusedITI Focused Fund (Direct) | ₹4,10,000 | ₹4,74,727 | ₹64,727 | 8.6% |
| Nippon India FocusedNippon India Focused Fund (Direct) | ₹4,10,000 | ₹4,31,184 | ₹21,184 | 2.9% |
ITI FocusedITI 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.
ITI 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 | ITI Focused Fund (Direct) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.70% | −7.11% |
| Standard deviation | 15.77% | 14.79% |
| Sharpe ratio | -0.38 | -0.84 |
| Sortino ratio | -0.51 | -1.12 |
| Maximum drawdown | −13.6% (23-03-2026) | −14.9% (31-03-2026) |
| Beta | 1.02 | 1.00 |
| Alpha | +6.87% | +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 | ITI Focused Fund (Direct) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.80% | +8.73% |
| Standard deviation | 16.09% | 13.45% |
| Sharpe ratio | 0.61 | 0.20 |
| Sortino ratio | 0.82 | 0.28 |
| Maximum drawdown | −18.4% (28-02-2025) | −17.6% (03-03-2025) |
| Beta | 1.06 | 0.90 |
| Alpha | +5.33% | −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 | ITI Focused Fund (Direct) | Nippon India Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.62% | +15.46% |
| Standard deviation | 15.45% | 16.16% |
| Sharpe ratio | 0.62 | 0.58 |
| Sortino ratio | 0.83 | 0.78 |
| Maximum drawdown | −18.4% (28-02-2025) | −43.4% (23-03-2020) |
| Beta | 1.05 | 0.95 |
| Alpha | +5.07% | +2.98% |
From daily NAVs, 21-06-2023 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.
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.
ITI 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 |
|---|---|---|---|---|---|---|
| ITI Focused Fund (Direct) | −18.4% | 27-09-2024 | 28-02-2025 | 26-06-2025 | 4 months | −8.6% |
| Nippon India Focused Fund (Direct) | −17.6% | 26-09-2024 | 03-03-2025 | 28-11-2025 | 9 months | −8.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 21-06-2023, 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.
ITI 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.
ITI Focused Fund (Direct)
Nippon India Focused Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Focused Fund (Direct) | 114% | 90% | 4.81% |
| Nippon India Focused Fund (Direct) | 94% | 92% | 4.22% |
From month-end values since 21-06-2023. 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.
ITI Focused vs Nippon India Focused: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Focused Fund, September 2026; Nippon India Focused Fund, September 2026
Holdings in common
- Overlap
- 13.3%
- Held by both
- 3
- Only in ITI Focused
- 26
- Only in Nippon India Focused
- 27
| Security | % of ITI Focused | % of Nippon India Focused |
|---|---|---|
| ICICI Bank Limited | 5.03% | 9.17% |
| Reliance Industries Limited | 4.20% | 4.19% |
| HDFC Bank Limited | 4.09% | 9.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.3% means 13.3% 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 ITI Focused Fund
| Security | % of fund |
|---|---|
| KRN Heat Exchanger And Refrigeration Limited | 4.76% |
| Wockhardt Limited | 4.66% |
| Multi Commodity Exchange of India Limited | 4.34% |
| Graphite India Limited | 4.17% |
| Vedanta Aluminium Metal Limited | 4.05% |
Largest holdings only in Nippon India Focused Fund
| Security | % of fund |
|---|---|
| Axis Bank Limited | 6.60% |
| Infosys Limited | 5.82% |
| Hindustan Aeronautics Limited | 3.97% |
| Eternal Limited | 3.87% |
| Trent Limited | 3.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Focused | Nippon India Focused |
|---|---|---|
| Equity | 93.0% | 98.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 7.0% | 1.6% |
Market cap of stocks
| Market cap | ITI Focused | Nippon India Focused |
|---|---|---|
| Large Cap | 51.4% | 62.5% |
| Mid Cap | 18.6% | 19.3% |
| Small Cap | 23.1% | 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 | ITI Focused | Nippon India Focused |
|---|---|---|
| Banks | 14.9% | 25.1% |
| Industrial Products | 14.8% | 0.0% |
| Retailing | 0.0% | 14.2% |
| Pharmaceuticals & Biotechnology | 8.0% | 1.6% |
| Chemicals & Petrochemicals | 6.5% | 0.0% |
| Electrical Equipment | 3.5% | 5.8% |
| IT - Software | 2.2% | 5.8% |
| Insurance | 0.0% | 5.5% |
| Leisure Services | 0.0% | 5.3% |
| Capital Markets | 4.3% | 0.0% |
| Petroleum Products | 4.2% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Focused vs Nippon India Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Focused Fund | Nippon India Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 1.42% |
| Base expense ratio (Direct) | 0.59% | 0.96% |
| Total expense ratio (Regular) | 2.59% | 2.08% |
| Base expense ratio (Regular) | 2.07% | 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 ITI Focused with
ITI Focused Fund vs Nippon India Focused Fund: Frequently Asked Questions
What is the difference between ITI Focused Fund and Nippon India Focused Fund?
Both are Focused funds, run by ITI Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 13.3%. ITI Focused Fund charges 0.90% a year and Nippon India Focused Fund 1.42%.
Which has given higher returns, ITI Focused Fund or Nippon India Focused Fund?
Over 1 year: ITI Focused Fund −0.70%, Nippon India Focused Fund −7.11%. Over 3 years: ITI Focused Fund +15.80% a year, Nippon India Focused Fund +8.73% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Focused Fund or Nippon India Focused Fund?
ITI Focused Fund charges less: 0.90% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Focused Fund and Nippon India Focused Fund overlap?
13.3%. They hold 3 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, ITI Focused Fund or Nippon India Focused Fund?
On SEBI's riskometer, ITI Focused Fund is rated Very High and Nippon India Focused Fund Very High. Over 3 years, the standard deviation of daily returns was 16.09% and 13.45% a year.
Which is better for SIP, ITI Focused Fund or Nippon India Focused Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,10,762 in ITI Focused Fund (XIRR 6.7% a year) and ₹3,77,851 in Nippon India Focused Fund (XIRR 1.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ITI Focused Fund and Nippon India Focused Fund?
Yes. 13.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Focused Fund and Nippon India Focused Fund?
ITI Focused Fund: Dhimant Shah, Alok Ranjan. 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.