Nippon India Focused Fund vs UTI - Master Equity Plan Unit Scheme
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Nippon India Focused Fund is a Focused fund and UTI - Master Equity Plan Unit Scheme is an ELSS fund. In the 3 years to 30-10-2026, Nippon India Focused Fund (Direct) returned 8.7% a year and UTI - Master Equity Plan Unit Scheme (Regular) returned 7.2% a year. Nippon India Focused Fund charges 1.42% a year and UTI - Master Equity Plan Unit Scheme 1.36%. Their portfolios overlap 38.3%: they hold 13 of the same securities.
Nippon India Focused Fund
Focused
- 3 year return
- 8.7%
- Expense ratio
- 1.42%
- NAV
- ₹127.32
UTI - Master Equity Plan Unit Scheme
ELSS
- 3 year return
- 7.2%
- Expense ratio
- 1.36%
- NAV
- ₹215.44
Which is better, Nippon India Focused or UTI - Master Equity Plan Unit Scheme? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Focused returned more over 5 years: 8.7% a year against 6.0%.
- Nippon India Focused returned more over 3 years: 8.7% a year against 7.2%.
- UTI - Master Equity Plan Unit Scheme costs less: 1.36% a year against 1.42%.
- UTI - Master Equity Plan Unit Scheme swung less over 3 years: a standard deviation of 12.4% a year against 13.4%.
- UTI - Master Equity Plan Unit Scheme fell less in its worst fall since 02-01-2013: −38.0% against −43.4%.
- UTI - Master Equity Plan Unit Scheme holds more in large companies: 81.4% of the fund in large caps against 62.5%.
- Nippon India Focused is the larger fund: ₹8,075 Cr against ₹2,652 Cr.
- Their portfolios overlap 38.3%: 13 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 | Nippon India Focused Fund | UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Category | Focused | ELSS |
| AUM | ₹8,075 Cr (30-09-2026) | ₹2,652 Cr (30-09-2026) |
| NAV | ₹127.32 (Direct) | ₹215.44 (Regular) |
| Expense ratio (Direct) | 1.42% | Not available |
| Expense ratio (Regular) | 2.08% | 1.36% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 26-12-2006 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Vinay Sharma, Rishit Parikh | Not available |
| Exit load | Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. | Not available |
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Focused Fund (Direct) | −1.18% | −5.72% | −3.28% | −7.11% | +8.73% | +8.68% | +11.92% |
| UTI - Master Equity Plan Unit Scheme (Regular) | +1.76% | −4.05% | −0.82% | −8.63% | +7.20% | +5.98% | +9.29% |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | +13.15% |
| ELSS average | −2.38% | −5.77% | −2.09% | −6.60% | +9.82% | +9.22% | +11.87% |
Category average: the average of the 28 Focused funds and the 50 ELSS funds, same plan type.
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: Year-wise Returns
| Year | Nippon India FocusedNippon India Focused | UTI - Master Equity Plan Unit SchemeUTI - Master Equity Plan Unit Scheme |
|---|---|---|
| 2026to date | −7.27% | −9.21% |
| 2025 | +10.08% | +8.50% |
| 2024 | +10.86% | +11.31% |
| 2023 | +27.95% | +21.08% |
| 2022 | +8.44% | +1.24% |
| 2021 | +37.47% | +29.14% |
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Nippon India 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.
Nippon India Focused Fund (Direct)
UTI - Master Equity Plan Unit Scheme (Regular)
BSE 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| UTI - Master Equity Plan Unit Scheme | 4.1 | 4.4 | 22.6 | 44.3 | 19.2 | 4.9 | 0.5 | 11.8% | 12.0% | −8.0% | 28.9% | 1% |
| BSE 500 TRI | 1.8 | 4.2 | 8.0 | 36.8 | 34.2 | 11.7 | 3.3 | 14.8% | 14.9% | −6.2% | 33.9% | -- |
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 BSE 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.
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India FocusedNippon India Focused Fund (Direct) | ₹16,60,000 | ₹47,61,427 | ₹31,01,427 | 14.1% |
| UTI - Master Equity Plan Unit SchemeUTI - Master Equity Plan Unit Scheme (Regular) | ₹16,60,000 | ₹33,73,147 | ₹17,13,147 | 9.7% |
Nippon India FocusedNippon India Focused Fund (Direct)
UTI - Master Equity Plan Unit SchemeUTI - Master Equity Plan Unit Scheme (Regular)
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.
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Focused Fund (Direct) | UTI - Master Equity Plan Unit Scheme (Regular) |
|---|---|---|
| Return (CAGR) | −7.11% | −8.63% |
| Standard deviation | 14.79% | 13.24% |
| Sharpe ratio | -0.84 | -1.05 |
| Sortino ratio | -1.12 | -1.39 |
| Maximum drawdown | −14.9% (31-03-2026) | −15.5% (31-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | +0.51% | −0.47% |
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 | Nippon India Focused Fund (Direct) | UTI - Master Equity Plan Unit Scheme (Regular) |
|---|---|---|
| Return (CAGR) | +8.73% | +7.20% |
| Standard deviation | 13.45% | 12.36% |
| Sharpe ratio | 0.20 | 0.10 |
| Sortino ratio | 0.28 | 0.13 |
| Maximum drawdown | −17.6% (03-03-2025) | −17.1% (31-03-2026) |
| Beta | 0.90 | 0.90 |
| Alpha | −0.77% | −1.46% |
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 | Nippon India Focused Fund (Direct) | UTI - Master Equity Plan Unit Scheme (Regular) |
|---|---|---|
| Return (CAGR) | +8.68% | +5.98% |
| Standard deviation | 13.97% | 12.88% |
| Sharpe ratio | 0.21 | 0.01 |
| Sortino ratio | 0.28 | 0.02 |
| Maximum drawdown | −17.6% (03-03-2025) | −18.1% (17-06-2022) |
| Beta | 0.93 | 0.91 |
| Alpha | +0.23% | −1.63% |
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 | Nippon India Focused Fund (Direct) | UTI - Master Equity Plan Unit Scheme (Regular) |
|---|---|---|
| Return (CAGR) | +15.46% | +9.28% |
| Standard deviation | 16.16% | 15.40% |
| Sharpe ratio | 0.58 | 0.20 |
| Sortino ratio | 0.78 | 0.27 |
| Maximum drawdown | −43.4% (23-03-2020) | −38.0% (23-03-2020) |
| Beta | 0.95 | 0.94 |
| Alpha | +2.98% | −0.99% |
From daily NAVs, 02-01-2013 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.
Nippon India Focused Fund (Direct)
UTI - Master Equity Plan Unit Scheme (Regular)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Focused Fund (Direct) | −43.4% | 15-01-2018 | 23-03-2020 | 02-12-2020 | 8 months | −8.6% |
| UTI - Master Equity Plan Unit Scheme (Regular) | −38.0% | 28-08-2018 | 23-03-2020 | 17-11-2020 | 8 months | −11.4% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
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.
Nippon India Focused Fund (Direct)
UTI - Master Equity Plan Unit Scheme (Regular)
BSE 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.
Nippon India Focused Fund (Direct)
UTI - Master Equity Plan Unit Scheme (Regular)
BSE 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.
Nippon India Focused Fund (Direct)
UTI - Master Equity Plan Unit Scheme (Regular)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Focused Fund (Direct) | 111% | 100% | 7.14% |
| UTI - Master Equity Plan Unit Scheme (Regular) | 90% | 96% | 3.27% |
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.
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Focused Fund, September 2026; UTI - Master Equity Plan Unit Scheme, September 2026
Holdings in common
- Overlap
- 38.3%
- Held by both
- 13
- Only in Nippon India Focused
- 17
- Only in UTI - Master Equity Plan Unit Scheme
- 54
| Security | % of Nippon India Focused | % of UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| HDFC Bank Limited | 9.37% | 9.10% |
| ICICI Bank Limited | 9.17% | 8.93% |
| Reliance Industries Limited | 4.19% | 5.03% |
| Infosys Limited | 5.82% | 3.18% |
| Axis Bank Limited | 6.60% | 3.14% |
| Eternal Limited | 3.87% | 2.82% |
| Hindustan Aeronautics Limited | 3.97% | 1.40% |
| Trent Limited | 3.81% | 1.32% |
| HDFC Life Insurance Company Limited | 2.97% | 1.23% |
| Oil & Natural Gas Corporation Limited | 3.11% | 0.98% |
| Varun Beverages Limited | 3.75% | 0.97% |
| PB Fintech Limited | 1.47% | 0.51% |
| Info Edge (India) Limited | 2.09% | 0.49% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.3% means 38.3% 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 Nippon India Focused Fund
| Security | % of fund |
|---|---|
| SBI Cards and Payment Services Limited | 3.35% |
| Bharat Heavy Electricals Limited | 3.34% |
| 3M India Limited | 2.95% |
| Swiggy Limited | 2.75% |
| Syngene International Limited | 2.71% |
Largest holdings only in UTI - Master Equity Plan Unit Scheme
| Security | % of fund |
|---|---|
| EQ - KOTAK MAHINDRA BANK LTD. | 5.04% |
| EQ - BHARTI AIRTEL LTD. | 4.07% |
| EQ - LARSEN & TOUBRO LTD. | 4.06% |
| EQ - BAJAJ FINANCE LTD. | 3.21% |
| EQ - ULTRATECH CEMENT LTD. | 1.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Focused | UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| Equity | 98.4% | 94.1% |
| Debt | 0.0% | 0.4% |
| Cash and others | 1.6% | 5.5% |
Market cap of stocks
| Market cap | Nippon India Focused | UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| Large Cap | 62.5% | 81.4% |
| Mid Cap | 19.3% | 10.2% |
| Small Cap | 16.5% | 2.2% |
| Not on AMFI's list | 0.0% | 0.3% |
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 | Nippon India Focused | UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| Banks | 25.1% | 28.4% |
| Retailing | 14.2% | 5.4% |
| IT - Software | 5.8% | 8.1% |
| Electrical Equipment | 5.8% | 0.0% |
| Insurance | 5.5% | 2.4% |
| Automobiles | 0.0% | 5.5% |
| Petroleum Products | 4.2% | 5.4% |
| Leisure Services | 5.3% | 0.9% |
| Telecom - Services | 0.0% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Focused vs UTI - Master Equity Plan Unit Scheme: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Focused Fund | UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| Total expense ratio (Direct) | 1.42% | Not available |
| Base expense ratio (Direct) | 0.96% | 0.00% |
| Total expense ratio (Regular) | 2.08% | 1.36% |
| Base expense ratio (Regular) | 1.53% | 1.00% |
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 Nippon India Focused with
Compare UTI - Master Equity Plan Unit Scheme with
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- UTI - Master Equity Plan Unit Scheme vs Motilal Oswal ELSS Tax Saver
- UTI - Master Equity Plan Unit Scheme vs HSBC ELSS Tax saver
- UTI - Master Equity Plan Unit Scheme vs JM ELSS - Tax Saver
- UTI - Master Equity Plan Unit Scheme vs Bank Of India Mid Cap Tax Fund Series 1
Nippon India Focused Fund vs UTI - Master Equity Plan Unit Scheme: Frequently Asked Questions
What is the difference between Nippon India Focused Fund and UTI - Master Equity Plan Unit Scheme?
Nippon India Focused Fund is a Focused fund, UTI - Master Equity Plan Unit Scheme is an ELSS fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 38.3%. Nippon India Focused Fund charges 1.42% a year and UTI - Master Equity Plan Unit Scheme 1.36%.
Which has given higher returns, Nippon India Focused Fund or UTI - Master Equity Plan Unit Scheme?
Over 1 year: Nippon India Focused Fund −7.11%, UTI - Master Equity Plan Unit Scheme −8.63%. Over 3 years: Nippon India Focused Fund +8.73% a year, UTI - Master Equity Plan Unit Scheme +7.20% a year. Over 5 years: Nippon India Focused Fund +8.68% a year, UTI - Master Equity Plan Unit Scheme +5.98% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Focused Fund or UTI - Master Equity Plan Unit Scheme?
UTI - Master Equity Plan Unit Scheme charges less: 1.36% a year against 1.42%. These are the total expense ratios reported to AMFI.
How much do Nippon India Focused Fund and UTI - Master Equity Plan Unit Scheme overlap?
38.3%. They hold 13 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Focused Fund or UTI - Master Equity Plan Unit Scheme?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,095 in Nippon India Focused Fund (XIRR 7.2% a year) and ₹6,93,417 in UTI - Master Equity Plan Unit Scheme (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Focused Fund and UTI - Master Equity Plan Unit Scheme?
Yes. 38.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.