ITI Focused Fund vs Old Bridge Focused Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Focused Fund and Old Bridge Focused Fund are both Focused funds. In the year to 30-10-2026, ITI Focused Fund (Direct) returned −0.7% and Old Bridge Focused Fund (Direct) returned 5.3%. ITI Focused Fund charges 0.90% a year and Old Bridge Focused Fund 1.11% (Direct plans). Their portfolios overlap 8.0%: they hold 3 of the same securities.
Old Bridge Focused Fund
Focused
- 1 year return
- 5.3%
- Expense ratio
- 1.11%
- NAV
- ₹12.99
Which is better, ITI Focused or Old Bridge Focused? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Old Bridge Focused returned more over 1 year: 5.3% against −0.7%.
- ITI Focused costs less: 0.90% a year against 1.11% (Direct plans).
- ITI Focused fell less in its worst fall since 25-01-2024: −18.4% against −18.9%.
- Old Bridge Focused is the larger fund: ₹4,542 Cr against ₹607 Cr.
- Their portfolios overlap 8.0%: 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 | Old Bridge Focused Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Old Bridge Mutual Fund |
| Category | Focused | Focused |
| AUM | ₹607 Cr (30-09-2026) | ₹4,542 Cr (30-09-2026) |
| NAV | ₹16.24 (Direct) | ₹12.99 (Direct) |
| Expense ratio (Direct) | 0.90% | 1.11% |
| Expense ratio (Regular) | 2.59% | 2.00% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 19-06-2023 | 24-01-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhimant Shah, Alok Ranjan | Kenneth Joseph Andrade, Tarang Agrawal |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 1%, if redeemed within 365 days. |
ITI Focused vs Old Bridge 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% | -- | -- |
| Old Bridge Focused Fund (Direct) | −5.18% | −4.77% | +2.28% | +5.27% | -- | -- | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | -- | -- | -- |
Category average: the average of the 28 Focused funds, same plan type.
ITI Focused vs Old Bridge Focused: Year-wise Returns
| Year | ITIITI Focused | Old BridgeOld Bridge Focused |
|---|---|---|
| 2026to date | −2.51% | +1.25% |
| 2025 | +9.68% | +8.54% |
| 2024 | +26.87% | -- |
ITI Focused vs Old Bridge Focused: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of ITI Focused Fund
Rolling returns
Every 1-year holding period, 433 of them, one for each trading day from 27-01-2025 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)
Old Bridge Focused Fund (Direct)
Nifty 500 TRI
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
to
Sept 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 | 2.3 | 20.3 | 36.3 | 30.7 | 6.9 | 2.8 | 0.7 | 9.1% | 8.6% | −3.2% | 25.5% | 100% |
| Old Bridge Focused | 13.3 | 11.7 | 28.7 | 30.3 | 11.0 | 4.6 | 0.2 | 8.6% | 9.5% | −8.9% | 25.8% | 75% |
| Nifty 500 TRI | 25.2 | 33.3 | 33.3 | 6.9 | 1.4 | 0.0 | 0.0 | 3.6% | 3.5% | −9.0% | 15.9% | -- |
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 25-01-2024. Past returns do not promise future returns.
ITI Focused vs Old Bridge 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 01-01-2024 to 30-10-2026: 34 instalments, ₹3,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI FocusedITI Focused Fund (Direct) | ₹3,40,000 | ₹3,65,543 | ₹25,543 | 5.1% |
| Old Bridge FocusedOld Bridge Focused Fund (Direct) | ₹3,40,000 | ₹3,73,885 | ₹33,885 | 6.7% |
ITI FocusedITI Focused Fund (Direct)
Old Bridge FocusedOld Bridge 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 Old Bridge 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) | Old Bridge Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.70% | +5.27% |
| Standard deviation | 15.77% | 15.92% |
| Sharpe ratio | -0.38 | 0.00 |
| Sortino ratio | -0.51 | 0.00 |
| Maximum drawdown | −13.6% (23-03-2026) | −13.0% (23-03-2026) |
| Beta | 1.02 | 1.02 |
| Alpha | +6.87% | +13.14% |
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) | Old Bridge Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.62% | +9.89% |
| Standard deviation | 15.45% | 16.01% |
| Sharpe ratio | 0.62 | 0.25 |
| Sortino ratio | 0.83 | 0.34 |
| Maximum drawdown | −18.4% (28-02-2025) | −18.9% (28-02-2025) |
| Beta | 1.05 | 0.99 |
| Alpha | +5.07% | +4.66% |
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)
Old Bridge 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% |
| Old Bridge Focused Fund (Direct) | −18.9% | 23-09-2024 | 28-02-2025 | 06-01-2026 | 10 months | −9.7% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 25-01-2024, 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)
Old Bridge Focused Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Focused Fund (Direct) | 120% | 94% | 4.71% |
| Old Bridge Focused Fund (Direct) | 112% | 87% | 6.67% |
From month-end values since 25-01-2024. 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 Old Bridge Focused: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Focused Fund, September 2026; Old Bridge Focused Fund, September 2026
Holdings in common
- Overlap
- 8.0%
- Held by both
- 3
- Only in ITI Focused
- 26
- Only in Old Bridge Focused
- 22
| Security | % of ITI Focused | % of Old Bridge Focused |
|---|---|---|
| Shriram Finance Limited | 3.21% | 7.18% |
| Bharti Airtel Limited | 2.86% | 4.53% |
| Maruti Suzuki India Limited | 1.97% | 4.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 8.0% means 8.0% 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 ITI Focused Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 5.03% |
| KRN Heat Exchanger And Refrigeration Limited | 4.76% |
| Wockhardt Limited | 4.66% |
| Multi Commodity Exchange of India Limited | 4.34% |
| Reliance Industries Limited | 4.20% |
Largest holdings only in Old Bridge Focused Fund
| Security | % of fund |
|---|---|
| Redington Limited | 6.96% |
| Aurobindo Pharma Limited | 5.57% |
| InterGlobe Aviation Limited | 4.97% |
| ITC Limited | 4.86% |
| Ramkrishna Forgings Limited | 4.34% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Focused | Old Bridge Focused |
|---|---|---|
| Equity | 93.0% | 90.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 7.0% | 9.1% |
Market cap of stocks
| Market cap | ITI Focused | Old Bridge Focused |
|---|---|---|
| Large Cap | 51.4% | 43.7% |
| Mid Cap | 18.6% | 13.0% |
| Small Cap | 23.1% | 34.2% |
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 | Old Bridge Focused |
|---|---|---|
| Banks | 14.9% | 2.9% |
| Industrial Products | 14.8% | 0.0% |
| Pharmaceuticals & Biotechnology | 8.0% | 12.7% |
| Automobiles | 2.0% | 7.8% |
| Non - Ferrous Metals | 4.0% | 7.7% |
| Finance | 3.2% | 7.2% |
| Commercial Services & Supplies | 0.0% | 7.0% |
| Transport Services | 0.0% | 7.0% |
| Chemicals & Petrochemicals | 6.5% | 0.0% |
| Capital Markets | 4.3% | 1.9% |
| Petroleum Products | 4.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Focused vs Old Bridge Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Focused Fund | Old Bridge Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 1.11% |
| Base expense ratio (Direct) | 0.59% | 0.79% |
| Total expense ratio (Regular) | 2.59% | 2.00% |
| Base expense ratio (Regular) | 2.07% | 1.55% |
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 Old Bridge Focused Fund: Frequently Asked Questions
What is the difference between ITI Focused Fund and Old Bridge Focused Fund?
Both are Focused funds, run by ITI Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 8.0%. ITI Focused Fund charges 0.90% a year and Old Bridge Focused Fund 1.11%.
Which has given higher returns, ITI Focused Fund or Old Bridge Focused Fund?
Over 1 year: ITI Focused Fund −0.70%, Old Bridge Focused Fund +5.27%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Focused Fund or Old Bridge Focused Fund?
ITI Focused Fund charges less: 0.90% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Focused Fund and Old Bridge Focused Fund overlap?
8.0%. They hold 3 of the same securities, the largest shared ones being SHRIRAMFIN, BHARTIARTL, MARUTI. From each fund's latest monthly portfolio.
Which is riskier, ITI Focused Fund or Old Bridge Focused Fund?
On SEBI's riskometer, ITI Focused Fund is rated Very High and Old Bridge Focused Fund Very High. Over 1 years, the standard deviation of daily returns was 15.77% and 15.92% a year.
Can I invest in both ITI Focused Fund and Old Bridge Focused Fund?
Yes. 8.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages ITI Focused Fund and Old Bridge Focused Fund?
ITI Focused Fund: Dhimant Shah, Alok Ranjan. Old Bridge Focused Fund: Kenneth Joseph Andrade, Tarang Agrawal.
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.