ITI Focused Fund vs Tata Focused Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Focused Fund and Tata Focused Fund are both Focused funds. In the 3 years to 30-10-2026, ITI Focused Fund (Direct) returned 15.8% a year and Tata Focused Fund (Direct) returned 8.4% a year. ITI Focused Fund charges 0.90% a year and Tata Focused Fund 0.94% (Direct plans). Their portfolios overlap 25.8%: they hold 8 of the same securities.
Which is better, ITI Focused or Tata 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 8.4%.
- ITI Focused returned more over 1 year: −0.7% against −10.3%.
- ITI Focused costs less: 0.90% a year against 0.94% (Direct plans).
- Tata Focused swung less over 3 years: a standard deviation of 14.5% a year against 16.1%.
- ITI Focused fell less in its worst fall since 21-06-2023: −18.4% against −19.6%.
- Tata Focused holds more in large companies: 67.0% of the fund in large caps against 51.4%.
- Tata Focused is the larger fund: ₹1,625 Cr against ₹607 Cr.
- Their portfolios overlap 25.8%: 8 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 | Tata Focused Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Tata Mutual Fund |
| Category | Focused | Focused |
| AUM | ₹607 Cr (30-09-2026) | ₹1,625 Cr (30-09-2026) |
| NAV | ₹16.24 (Direct) | ₹23.66 (Direct) |
| Expense ratio (Direct) | 0.90% | 0.94% |
| Expense ratio (Regular) | 2.59% | 2.29% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 19-06-2023 | 05-12-2019 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhimant Shah, Alok Ranjan | Anand Sharma, Hasmukh Vishariya |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 0.50%, if redeemed within 30 days. |
ITI Focused vs Tata 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% | -- | -- |
| Tata Focused Fund (Direct) | −1.22% | −8.77% | −5.05% | −10.26% | +8.45% | +8.50% | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | -- |
Category average: the average of the 28 Focused funds, same plan type.
ITI Focused vs Tata Focused: Year-wise Returns
| Year | ITIITI Focused | TataTata Focused | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −2.51% | −9.90% | −7.51% |
| 2025 | +9.68% | +1.37% | +7.76% |
| 2024 | +26.87% | +19.99% | +16.24% |
| 2023 | -- | +29.82% | +26.91% |
| 2022 | -- | +6.58% | +4.25% |
| 2021 | -- | +35.41% | +31.60% |
ITI Focused vs Tata Focused: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
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)
Tata 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% |
| Tata Focused | 0.0 | 0.0 | 39.3 | 60.7 | 0.0 | 0.0 | 0.0 | 10.9% | 11.8% | 7.4% | 14.1% | 17% |
| 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 Tata 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% |
| Tata FocusedTata Focused Fund (Direct) | ₹4,10,000 | ₹4,15,515 | ₹5,515 | 0.8% |
ITI FocusedITI Focused Fund (Direct)
Tata FocusedTata 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 Tata 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) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.70% | −10.26% |
| Standard deviation | 15.77% | 14.03% |
| Sharpe ratio | -0.38 | -1.10 |
| Sortino ratio | -0.51 | -1.47 |
| Maximum drawdown | −13.6% (23-03-2026) | −14.2% (31-03-2026) |
| Beta | 1.02 | 0.94 |
| Alpha | +6.87% | −3.62% |
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) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.80% | +8.45% |
| Standard deviation | 16.09% | 14.49% |
| Sharpe ratio | 0.61 | 0.17 |
| Sortino ratio | 0.82 | 0.23 |
| Maximum drawdown | −18.4% (28-02-2025) | −19.6% (13-03-2025) |
| Beta | 1.06 | 0.98 |
| Alpha | +5.33% | −1.67% |
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) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.62% | +13.31% |
| Standard deviation | 15.45% | 17.55% |
| Sharpe ratio | 0.62 | 0.47 |
| Sortino ratio | 0.83 | 0.62 |
| Maximum drawdown | −18.4% (28-02-2025) | −37.3% (23-03-2020) |
| Beta | 1.05 | 0.99 |
| Alpha | +5.07% | −0.29% |
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)
Tata 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% |
| Tata Focused Fund (Direct) | −19.6% | 26-09-2024 | 13-03-2025 | Not yet | -- | −14.6% |
| 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)
Tata 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)
Tata 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% |
| Tata Focused Fund (Direct) | 90% | 89% | 4.20% |
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 Tata Focused: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Focused Fund, September 2026; Tata Focused Fund, September 2026
Holdings in common
- Overlap
- 25.8%
- Held by both
- 8
- Only in ITI Focused
- 21
- Only in Tata Focused
- 20
| Security | % of ITI Focused | % of Tata Focused |
|---|---|---|
| ICICI Bank Limited | 5.03% | 7.58% |
| Reliance Industries Limited | 4.20% | 4.92% |
| HDFC Bank Limited | 4.09% | 8.03% |
| Bharti Airtel Limited | 2.86% | 4.42% |
| Larsen & Toubro Limited | 2.83% | 3.93% |
| UltraTech Cement Limited | 2.81% | 5.21% |
| Graphite India Limited | 4.17% | 2.23% |
| Sun Pharmaceutical Industries Limited | 3.29% | 1.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.8% means 25.8% 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% |
| Vedanta Aluminium Metal Limited | 4.05% |
| Solar Industries India Limited | 4.00% |
Largest holdings only in Tata Focused Fund
| Security | % of fund |
|---|---|
| AXIS BANK LTD | 6.30% |
| NTPC LTD | 4.44% |
| HEALTHCARE GLOBAL ENTERPRISES LTD | 4.14% |
| SBI LIFE INSURANCE COMPANY LTD | 4.05% |
| INFOSYS LTD | 4.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Focused | Tata Focused |
|---|---|---|
| Equity | 93.0% | 93.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 7.0% | 6.3% |
Market cap of stocks
| Market cap | ITI Focused | Tata Focused |
|---|---|---|
| Large Cap | 51.4% | 67.0% |
| Mid Cap | 18.6% | 11.6% |
| Small Cap | 23.1% | 12.8% |
| Not on AMFI's list | 0.0% | 2.4% |
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 | Tata Focused |
|---|---|---|
| Banks | 14.9% | 21.9% |
| Industrial Products | 14.8% | 2.2% |
| Insurance | 0.0% | 9.0% |
| Pharmaceuticals & Biotechnology | 8.0% | 1.8% |
| Chemicals & Petrochemicals | 6.5% | 0.5% |
| Telecom - Services | 2.9% | 6.4% |
| Healthcare Services | 2.7% | 5.9% |
| Construction | 2.8% | 5.5% |
| Cement & Cement Products | 2.8% | 5.2% |
| Petroleum Products | 4.2% | 4.9% |
| Capital Markets | 4.3% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Focused vs Tata Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Focused Fund | Tata Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.90% | 0.94% |
| Base expense ratio (Direct) | 0.59% | 0.64% |
| Total expense ratio (Regular) | 2.59% | 2.29% |
| Base expense ratio (Regular) | 2.07% | 1.80% |
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 Tata Focused Fund: Frequently Asked Questions
What is the difference between ITI Focused Fund and Tata Focused Fund?
Both are Focused funds, run by ITI Mutual Fund and Tata Mutual Fund. Their portfolios overlap 25.8%. ITI Focused Fund charges 0.90% a year and Tata Focused Fund 0.94%.
Which has given higher returns, ITI Focused Fund or Tata Focused Fund?
Over 1 year: ITI Focused Fund −0.70%, Tata Focused Fund −10.26%. Over 3 years: ITI Focused Fund +15.80% a year, Tata Focused Fund +8.45% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Focused Fund or Tata Focused Fund?
ITI Focused Fund charges less: 0.90% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Focused Fund and Tata Focused Fund overlap?
25.8%. They hold 8 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 Tata Focused Fund?
On SEBI's riskometer, ITI Focused Fund is rated Very High and Tata Focused Fund Very High. Over 3 years, the standard deviation of daily returns was 16.09% and 14.49% a year.
Which is better for SIP, ITI Focused Fund or Tata 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 ₹3,62,692 in Tata 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 Tata Focused Fund?
Yes. 25.8% 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 Tata Focused Fund?
ITI Focused Fund: Dhimant Shah, Alok Ranjan. Tata Focused Fund: Anand Sharma, Hasmukh Vishariya.
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.