# Focused funds

A concentrated portfolio of at most 30 shares.

Full page: https://discovermf.com/categories/focused
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

28 funds managing ₹1.82 lakh cr. Category averages: -1.7% over one year, +11.4% a year over three years; typical expense ratio 2.20%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Invesco India Focused Fund](https://discovermf.com/funds/invesco-india-focused-fund-148483.md) | +6.4% | +20.3% | +12.8% | 16.9% | 1.92% | ₹6,595 cr |
| [ICICI Prudential Focused Fund](https://discovermf.com/funds/icici-prudential-focused-fund-111957.md) | -3.0% | +15.8% | +12.7% | 15.3% | 2.13% | ₹17,402 cr |
| [HDFC Focused Fund](https://discovermf.com/funds/hdfc-focused-fund-102760.md) | -3.6% | +14.5% | +14.8% | 13.5% | 1.71% | ₹27,083 cr |
| [SBI Focused Fund](https://discovermf.com/funds/sbi-focused-fund-102756.md) | +4.7% | +14.1% | +9.1% | 13.5% | 1.56% | ₹51,028 cr |
| [Bandhan Focused Fund](https://discovermf.com/funds/bandhan-focused-fund-108592.md) | -3.3% | +14.1% | +9.6% | 16.2% | 2.30% | ₹2,040 cr |
| [ITI Focused Fund](https://discovermf.com/funds/iti-focused-fund-151778.md) | -1.4% | +13.7% | — | 15.9% | 2.62% | ₹601 cr |
| [Motilal Oswal Focused Fund](https://discovermf.com/funds/motilal-oswal-focused-fund-122387.md) | +19.8% | +13.5% | +9.2% | 16.2% | 2.66% | ₹1,859 cr |
| [Kotak Focused Fund](https://discovermf.com/funds/kotak-focused-fund-147477.md) | -0.4% | +13.5% | +9.6% | 15.4% | 2.04% | ₹4,238 cr |
| [Aditya Birla Sun Life Focused Fund](https://discovermf.com/funds/aditya-birla-sun-life-focused-fund-103309.md) | -0.6% | +12.8% | +9.0% | 14.5% | 1.91% | ₹7,777 cr |
| [HSBC Focused Fund](https://discovermf.com/funds/hsbc-focused-fund-148409.md) | +1.6% | +12.4% | +9.6% | 16.4% | 2.25% | ₹1,709 cr |
| [DSP Focused Fund](https://discovermf.com/funds/dsp-focused-fund-112901.md) | -2.6% | +12.1% | +9.2% | 14.2% | 2.11% | ₹2,511 cr |
| [Quant Focused Fund](https://discovermf.com/funds/quant-focused-fund-109275.md) | +3.1% | +12.1% | +11.0% | 18.9% | 3.16% | ₹812 cr |
| [Canara Robeco Focused Fund](https://discovermf.com/funds/canara-robeco-focused-fund-148884.md) | -6.3% | +11.9% | +9.6% | 14.7% | 2.16% | ₹2,775 cr |
| [Mahindra Manulife Focused Fund](https://discovermf.com/funds/mahindra-manulife-focused-fund-148571.md) | -6.2% | +11.3% | +10.5% | 13.3% | 2.32% | ₹1,928 cr |
| [360 ONE Focused Fund](https://discovermf.com/funds/360-one-focused-fund-131578.md) | +0.8% | +11.3% | +9.5% | 15.9% | 2.12% | ₹6,550 cr |
| [Edelweiss Focused Fund](https://discovermf.com/funds/edelweiss-focused-fund-150382.md) | -5.5% | +10.9% | — | 15.4% | 2.34% | ₹952 cr |
| [Union Focused Fund](https://discovermf.com/funds/union-focused-fund-147490.md) | +3.1% | +10.7% | +7.8% | 15.9% | 2.55% | ₹437 cr |
| [JM Focused Fund](https://discovermf.com/funds/jm-focused-fund-107410.md) | -6.1% | +9.8% | +9.5% | 17.7% | 2.85% | ₹264 cr |
| [Sundaram Focused Fund](https://discovermf.com/funds/sundaram-focused-fund-149532.md) | -1.6% | +9.5% | — | 13.4% | 2.33% | ₹1,019 cr |
| [Axis Focused Fund](https://discovermf.com/funds/axis-focused-fund-117560.md) | -3.9% | +9.4% | +2.6% | 14.5% | 1.90% | ₹10,446 cr |
| [UTI Focused Fund (30 stocks)](https://discovermf.com/funds/uti-focused-fund-30-stocks-149090.md) | -4.4% | +9.2% | +7.7% | 15.1% | 2.24% | ₹2,358 cr |
| [Nippon India Focused Fund](https://discovermf.com/funds/nippon-india-focused-fund-104637.md) | -5.6% | +8.1% | +7.9% | 14.9% | 2.08% | ₹8,042 cr |
| [Mirae Asset Focused Fund](https://discovermf.com/funds/mirae-asset-focused-fund-147203.md) | -5.6% | +7.9% | +4.2% | 14.3% | 2.15% | ₹6,377 cr |
| [LIC MF Focused Fund](https://discovermf.com/funds/lic-mf-focused-fund-152009.md) | -4.6% | +7.9% | — | 15.6% | 3.38% | ₹166 cr |
| [Tata Focused Fund](https://discovermf.com/funds/tata-focused-fund-147760.md) | -8.3% | +7.6% | +7.2% | 14.3% | 2.28% | ₹1,625 cr |
| [Franklin India Focused Equity Fund](https://discovermf.com/funds/franklin-india-focused-equity-fund-105817.md) | -12.1% | +7.3% | +7.3% | 14.1% | 1.94% | ₹10,527 cr |
| [Baroda BNP Paribas Focused Fund](https://discovermf.com/funds/baroda-bnp-paribas-focused-fund-150263.md) | -9.1% | +7.2% | — | 14.3% | 2.92% | ₹522 cr |
| [Old Bridge Focused Fund](https://discovermf.com/funds/old-bridge-focused-fund-152361.md) | +6.7% | — | — | 16.2% | 2.02% | ₹4,596 cr |

## Questions

### How many Focused funds are there?

28 funds, managing ₹1.82 lakh cr between them as of 3 Nov 2026. The largest is SBI Focused Fund, at ₹51,028 cr.

### What return have Focused funds given?

The average Focused fund returned -1.7% over the last year, +11.4% a year over three years, +9.1% a year over five years. Over the last year the funds ranged from -12.1% to +19.8%. Past returns do not tell you future returns.

### Which Focused fund has the lowest expense ratio?

SBI Focused Fund, at 1.56% a year, against 2.20% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Focused fund has the highest three-year return?

Invesco India Focused Fund, at +20.3% a year over the last three years, against +11.4% for the average fund. Past returns do not tell you future returns.

### How risky are Focused funds?

Their volatility over the last year averaged 15.2%: the higher it is, the more the price swings from day to day. All of them carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.