LIC MF BSE Sensex ETF vs Tata Focused Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF BSE Sensex ETF is an ETF fund and Tata Focused Fund is a Focused fund. In the 3 years to 30-10-2026, LIC MF BSE Sensex ETF returned 6.2% a year and Tata Focused Fund (Direct) returned 8.4% a year. LIC MF BSE Sensex ETF charges 0.12% a year and Tata Focused Fund 0.94%. Their portfolios overlap 45.2%: they hold 11 of the same securities.
Which is better, LIC MF BSE Sensex ETF 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.
- Tata Focused returned more over 5 years: 8.5% a year against 5.8%.
- Tata Focused returned more over 3 years: 8.4% a year against 6.2%.
- LIC MF BSE Sensex ETF costs less: 0.12% a year against 0.94%.
- LIC MF BSE Sensex ETF swung less over 3 years: a standard deviation of 13.3% a year against 14.5%.
- Tata Focused fell less in its worst fall since 06-12-2019: −37.3% against −37.9%.
- LIC MF BSE Sensex ETF holds more in large companies: 99.9% of the fund in large caps against 67.0%.
- Tata Focused is the larger fund: ₹1,625 Cr against ₹676 Cr.
- Their portfolios overlap 45.2%: 11 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 | LIC MF BSE Sensex ETF | Tata Focused Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Tata Mutual Fund |
| Category | ETF | Focused |
| AUM | ₹676 Cr (30-09-2026) | ₹1,625 Cr (30-09-2026) |
| NAV | ₹842.05 | ₹23.66 (Direct) |
| Expense ratio (Direct) | Not available | 0.94% |
| Expense ratio (Regular) | Not available | 2.29% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty 500 TRI |
| Launch date | 30-11-2015 | 05-12-2019 |
| Minimum investment | 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Anand Sharma, Hasmukh Vishariya |
| Exit load | Nil | Exit load of 0.50%, if redeemed within 30 days. |
LIC MF BSE Sensex ETF 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 |
|---|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | +2.76% | −4.31% | −2.45% | −11.01% | +6.18% | +5.79% | +11.51% |
| 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.
LIC MF BSE Sensex ETF vs Tata Focused: Year-wise Returns
| Year | LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | Tata FocusedTata Focused |
|---|---|---|
| 2026to date | −11.89% | −9.90% |
| 2025 | +10.26% | +1.37% |
| 2024 | +9.28% | +19.99% |
| 2023 | +20.18% | +29.82% |
| 2022 | +5.75% | +6.58% |
| 2021 | +22.96% | +35.41% |
LIC MF BSE Sensex ETF vs Tata Focused: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of LIC MF BSE Sensex ETF
Rolling returns
Every 3-year holding period, 962 of them, one for each trading day from 06-12-2022 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.
LIC MF BSE Sensex ETF
Tata Focused Fund (Direct)
BSE SENSEX TRI
to
Mar 2023Nov 2020
to
Nov 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | 0.0 | 2.2 | 14.2 | 45.8 | 23.4 | 9.7 | 4.7 | 14.3% | 13.9% | 3.8% | 32.0% | 1% |
| Tata Focused | 0.0 | 0.0 | 3.6 | 14.0 | 42.2 | 27.0 | 13.2 | 19.1% | 18.7% | 7.4% | 34.3% | 100% |
| BSE SENSEX TRI | 0.0 | 1.9 | 13.9 | 44.1 | 25.7 | 9.6 | 4.9 | 14.5% | 14.0% | 3.9% | 32.1% | -- |
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 BSE SENSEX 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 06-12-2019. Past returns do not promise future returns.
LIC MF BSE Sensex ETF 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 02-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | ₹8,30,000 | ₹10,97,469 | ₹2,67,469 | 8.0% |
| Tata FocusedTata Focused Fund (Direct) | ₹8,30,000 | ₹12,17,641 | ₹3,87,641 | 10.9% |
LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF
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.
LIC MF BSE Sensex ETF vs Tata Focused: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF BSE Sensex ETF | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.01% | −10.26% |
| Standard deviation | 13.98% | 14.03% |
| Sharpe ratio | -1.16 | -1.10 |
| Sortino ratio | -1.55 | -1.47 |
| Maximum drawdown | −16.1% (31-03-2026) | −14.2% (31-03-2026) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.11% | −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 | LIC MF BSE Sensex ETF | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.18% | +8.45% |
| Standard deviation | 13.27% | 14.49% |
| Sharpe ratio | 0.01 | 0.17 |
| Sortino ratio | 0.02 | 0.23 |
| Maximum drawdown | −16.1% (31-03-2026) | −19.6% (13-03-2025) |
| Beta | 1.00 | 0.98 |
| Alpha | −0.14% | −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 | LIC MF BSE Sensex ETF | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.79% | +8.50% |
| Standard deviation | 13.77% | 14.39% |
| Sharpe ratio | -0.00 | 0.19 |
| Sortino ratio | -0.00 | 0.25 |
| Maximum drawdown | −16.1% (31-03-2026) | −19.6% (13-03-2025) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.13% | −0.22% |
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 | LIC MF BSE Sensex ETF | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.30% | +13.31% |
| Standard deviation | 16.03% | 17.55% |
| Sharpe ratio | 0.36 | 0.47 |
| Sortino ratio | 0.50 | 0.62 |
| Maximum drawdown | −37.9% (23-03-2020) | −37.3% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.10% | −0.29% |
From daily NAVs, 01-12-2015 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.
LIC MF BSE Sensex ETF
Tata Focused Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | −37.9% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
| Tata Focused Fund (Direct) | −37.3% | 06-02-2020 | 23-03-2020 | 09-11-2020 | 8 months | −14.6% |
| BSE SENSEX TRI | −37.9% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
From daily values since 06-12-2019, 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.
LIC MF BSE Sensex ETF
Tata Focused Fund (Direct)
BSE SENSEX 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.
LIC MF BSE Sensex ETF
Tata Focused Fund (Direct)
BSE SENSEX 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.
LIC MF BSE Sensex ETF
Tata Focused Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF BSE Sensex ETF | 100% | 100% | 0.06% |
| Tata Focused Fund (Direct) | 104% | 90% | 5.60% |
From month-end values since 06-12-2019. 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.
LIC MF BSE Sensex ETF vs Tata Focused: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF BSE Sensex ETF, September 2026; Tata Focused Fund, September 2026
Holdings in common
- Overlap
- 45.2%
- Held by both
- 11
- Only in LIC MF BSE Sensex ETF
- 19
- Only in Tata Focused
- 17
| Security | % of LIC MF BSE Sensex ETF | % of Tata Focused |
|---|---|---|
| HDFC Bank Ltd. | 12.57% | 8.03% |
| ICICI Bank Ltd. | 10.96% | 7.58% |
| Reliance Industries Ltd. | 9.08% | 4.92% |
| Bharti Airtel Ltd. | 6.32% | 4.42% |
| Axis Bank Ltd. | 4.10% | 6.30% |
| Infosys Ltd. | 4.08% | 4.03% |
| Larsen & Toubro Ltd. | 5.09% | 3.93% |
| Mahindra & Mahindra Ltd. | 3.08% | 3.92% |
| Sun Pharmaceutical Industries Ltd. | 2.29% | 1.79% |
| NTPC Ltd. | 1.78% | 4.44% |
| Ultratech Cement Ltd. | 1.51% | 5.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.2% means 45.2% 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 LIC MF BSE Sensex ETF
| Security | % of fund |
|---|---|
| State Bank of India | 4.60% |
| Kotak Mahindra Bank Ltd. | 3.58% |
| Bajaj Finance Ltd. | 3.01% |
| ITC Ltd. | 2.96% |
| Eternal Ltd. | 2.75% |
Largest holdings only in Tata Focused Fund
| Security | % of fund |
|---|---|
| HEALTHCARE GLOBAL ENTERPRISES LTD | 4.14% |
| SBI LIFE INSURANCE COMPANY LTD | 4.05% |
| HAVELLS INDIA LTD | 3.15% |
| JINDAL STEEL LTD | 2.83% |
| HDFC LIFE INSURANCE CO. LTD | 2.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF BSE Sensex ETF | Tata Focused |
|---|---|---|
| Equity | 99.9% | 93.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 6.3% |
Market cap of stocks
| Market cap | LIC MF BSE Sensex ETF | Tata Focused |
|---|---|---|
| Large Cap | 99.9% | 67.0% |
| Mid Cap | 0.0% | 11.6% |
| Small Cap | 0.0% | 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 | LIC MF BSE Sensex ETF | Tata Focused |
|---|---|---|
| Banks | 35.8% | 21.9% |
| IT - Software | 9.1% | 4.0% |
| Petroleum Products | 9.1% | 4.9% |
| Insurance | 0.0% | 9.0% |
| Telecom - Services | 6.3% | 6.4% |
| Healthcare Services | 0.0% | 5.9% |
| Construction | 5.1% | 5.5% |
| Cement & Cement Products | 1.5% | 5.2% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF BSE Sensex ETF vs Tata Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF BSE Sensex ETF | Tata Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.94% |
| Base expense ratio (Direct) | 0.00% | 0.64% |
| Total expense ratio (Regular) | Not available | 2.29% |
| Base expense ratio (Regular) | 0.09% | 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
LIC MF BSE Sensex ETF vs Tata Focused Fund: Frequently Asked Questions
What is the difference between LIC MF BSE Sensex ETF and Tata Focused Fund?
LIC MF BSE Sensex ETF is an ETF fund, Tata Focused Fund is a Focused fund, run by LIC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 45.2%. LIC MF BSE Sensex ETF charges 0.12% a year and Tata Focused Fund 0.94%.
Which has given higher returns, LIC MF BSE Sensex ETF or Tata Focused Fund?
Over 1 year: LIC MF BSE Sensex ETF −11.01%, Tata Focused Fund −10.26%. Over 3 years: LIC MF BSE Sensex ETF +6.18% a year, Tata Focused Fund +8.45% a year. Over 5 years: LIC MF BSE Sensex ETF +5.79% a year, Tata Focused Fund +8.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF BSE Sensex ETF or Tata Focused Fund?
LIC MF BSE Sensex ETF charges less: 0.12% a year against 0.94%. These are the total expense ratios reported to AMFI.
How much do LIC MF BSE Sensex ETF and Tata Focused Fund overlap?
45.2%. They hold 11 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, LIC MF BSE Sensex ETF or Tata Focused Fund?
On SEBI's riskometer, LIC MF BSE Sensex ETF is rated Very High and Tata Focused Fund Very High. Over 3 years, the standard deviation of daily returns was 13.27% and 14.49% a year.
Which is better for SIP, LIC MF BSE Sensex ETF or Tata Focused Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,77,700 in LIC MF BSE Sensex ETF (XIRR 4.1% a year) and ₹7,16,272 in Tata Focused Fund (XIRR 6.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF BSE Sensex ETF and Tata Focused Fund?
Yes. 45.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF BSE Sensex ETF and Tata Focused Fund?
LIC MF BSE Sensex ETF: Nikhil Kapoor, Sasikant Aravamuthan. 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.