HDFC Focused Fund
- NAV as on 9 Nov 2026
- ₹242.95+0.45%1 day
- Return since launch
- 15.4%
- 52-week range
- ₹208.55 — ₹242.70
- AUM
- ₹26,553 Cr
HDFC Focused Fund is a Focused equity fund from HDFC Mutual Fund with ₹26,553 Cr under management, launched in 2004. Over three years it has returned 8.9% a year, against 12.5% for its category. The expense ratio is 1.71% and the SEBI riskometer reading is Very High.
Performance
HDFC Focused Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.3% against +2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.0% | +6.2 pts | 3.8% | 9.2% |
| 2Y | 7.3% | +0.4 pts | 6.9% | 6.2% |
| 3Y | 8.9% | −3.6 pts | 12.5% | 6.3% |
| 5Y | 14.7% | +5.3 pts | 9.4% | 10.0% |
| 7Y | 18.5% | +5.5 pts | 13.0% | 12.4% |
| 10Y | 16.1% | +3.2 pts | 12.9% | 12.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.0% | +2.2 pts | 6.9% | 6.9% |
| 3M | 2.7% | +2.7 pts | -0.0% | 0.3% |
| 6M | 9.4% | +2.5 pts | 6.9% | 6.8% |
| 1Y | 2.6% | −1.2 pts | 3.8% | 2.8% |
| 2Y | 5.5% | +1.8 pts | 3.6% | 3.2% |
| 3Y | 15.9% | +3.4 pts | 12.5% | 11.6% |
| 5Y | 15.7% | +6.3 pts | 9.4% | 8.8% |
| 7Y | 17.6% | +3.7 pts | 13.9% | 13.4% |
| 10Y | 14.1% | +1.2 pts | 12.9% | 11.8% |
Since launch (20 Aug 2004): 15.4%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 10.9% | +4.9 pts | 6.0% |
| 2024 | 23.8% | +2.9 pts | 20.9% |
| 2023 | 29.6% | +1.9 pts | 27.7% |
| 2022 | 18.3% | +15.9 pts | 2.4% |
| 2021 | 40.1% | +6.9 pts | 33.2% |
| 2020 | 4.2% | −13.4 pts | 17.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.71%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.36%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.32%
- Exit load
- Exit load of 1% if redeemed within 1 year
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.50 | 5.35 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.81 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.65 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.72 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.27 | 16.13 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC Focused Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.2%
- Debt0.2%
- Other4.6%
Market cap split
- Large77.9%
- Mid14.1%
- Small7.9%
- P/E
- 23.92
- P/B
- 3.35
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.16% | ₹2,432 Cr | +9.17% | +9.33% | +9.17% |
| HDFC Bank Ltd. | Financial | 7.83% | ₹2,078 Cr | +8.34% | +8.63% | +8.28% |
| Kotak Mahindra Bank Ltd. | Financial | 6.91% | ₹1,835 Cr | +5.43% | +5.52% | +4.23% |
| Axis Bank Ltd. | Financial | 6.24% | ₹1,658 Cr | +7.39% | +7.21% | +7.21% |
| State Bank of India | Financial | 5.10% | ₹1,355 Cr | +5.31% | +5.72% | +5.00% |
| Eternal Ltd. | Services | 4.87% | ₹1,294 Cr | +4.19% | +3.29% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.07% | ₹1,080 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 4.00% | ₹1,062 Cr | +4.15% | +2.91% | +1.84% |
| HCL Technologies Ltd. | Technology | 3.54% | ₹941 Cr | +3.34% | +4.47% | +4.24% |
| Maruti Suzuki India Ltd. | Automobile | 3.40% | ₹902 Cr | +3.80% | +3.58% | +4.26% |
| Aster DM Quality Care Ltd. | Healthcare | 3.30% | ₹876 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 3.22% | ₹854 Cr | +3.10% | +3.25% | +2.77% |
| Bharti Airtel Ltd. | Communication | 3.20% | ₹850 Cr | +3.28% | +3.77% | +2.39% |
| SBI Life Insurance Company Ltd. | Insurance | 3.02% | ₹802 Cr | +3.33% | +3.57% | +3.42% |
| Others | Others | 2.73% | ₹726 Cr | +0.18% | -1.66% | -0.58% |
| Bosch Ltd. | Automobile | 2.51% | ₹666 Cr | +2.07% | +1.19% | +1.62% |
| Cipla Ltd. | Healthcare | 2.40% | ₹637 Cr | +3.73% | +3.68% | +3.83% |
| Adani Green Energy Ltd. | Capital Goods | 2.36% | ₹626 Cr | — | — | — |
| Havells India Ltd. | Capital Goods | 2.32% | ₹616 Cr | +2.27% | +2.64% | +1.60% |
| Karur Vysya Bank Ltd. | Financial | 2.32% | ₹616 Cr | +2.06% | +2.25% | +1.67% |
| FSN E-Commerce Ventures Ltd. | Services | 2.23% | ₹592 Cr | +2.11% | +1.94% | +1.97% |
| Hyundai Motor India Ltd. | Automobile | 1.95% | ₹517 Cr | +1.78% | +1.62% | +2.31% |
| JSW Infrastructure Ltd. | Services | 1.93% | ₹513 Cr | +1.70% | — | — |
| Nexus Select Trust | Construction | 1.89% | ₹502 Cr | +1.79% | +1.87% | +2.11% |
| Tata Steel Ltd. | Metals & Mining | 1.78% | ₹474 Cr | +2.20% | +2.54% | +2.65% |
| Chalet Hotels Ltd. | Services | 1.76% | ₹468 Cr | +1.65% | +1.59% | +2.02% |
| Metropolis Healthcare Ltd. | Healthcare | 1.39% | ₹368 Cr | +1.35% | +1.22% | +1.47% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.30% | ₹344 Cr | +1.42% | +1.40% | — |
| PB Fintech Ltd. | Services | 1.17% | ₹310 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.14% | ₹303 Cr | +0.79% | — | — |
| Restaurant Brands Asia Ltd. | Services | 0.77% | ₹204 Cr | +0.65% | +0.53% | +0.73% |
| GOI | Sovereign | 0.19% | ₹50.43 Cr | +0.19% | +0.21% | +0.22% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Escorts Kubota Ltd. | 1.43% | 0.00% | -1.43% |
| Kotak Mahindra Bank Ltd. | 5.74% | 6.91% | +1.17% |
| PB Fintech Ltd. | 0.00% | 1.17% | +1.17% |
| Axis Bank Ltd. | 6.91% | 6.24% | -0.67% |
| HDFC Bank Ltd. | 7.17% | 7.83% | +0.66% |
| HCL Technologies Ltd. | 3.96% | 3.54% | -0.42% |
| Havells India Ltd. | 2.68% | 2.32% | -0.36% |
| ICICI Bank Ltd. | 9.49% | 9.16% | -0.33% |
| Aster DM Quality Care Ltd. | 2.98% | 3.30% | +0.32% |
| Tata Steel Ltd. | 2.09% | 1.78% | -0.31% |
| Adani Green Energy Ltd. | 2.11% | 2.36% | +0.25% |
| State Bank of India | 5.31% | 5.10% | -0.21% |
| JSW Infrastructure Ltd. | 1.74% | 1.93% | +0.19% |
| SBI Life Insurance Company Ltd. | 3.18% | 3.02% | -0.16% |
| Eicher Motors Ltd. | 3.37% | 3.22% | -0.15% |
| Maruti Suzuki India Ltd. | 3.53% | 3.40% | -0.13% |
| Sun Pharmaceutical Industries Ltd. | 4.19% | 4.07% | -0.12% |
| Nexus Select Trust | 1.78% | 1.89% | +0.11% |
| Bharti Airtel Ltd. | 3.11% | 3.20% | +0.09% |
| Amber Enterprises India Ltd. | 1.39% | 1.30% | -0.09% |
| Interglobe Aviation Ltd. | 3.91% | 4.00% | +0.09% |
| Eternal Ltd. | 4.80% | 4.87% | +0.07% |
| FSN E-Commerce Ventures Ltd. | 2.29% | 2.23% | -0.06% |
| Hyundai Motor India Ltd. | 1.99% | 1.95% | -0.04% |
| Others | 0.07% | 0.04% | -0.03% |
| Cipla Ltd. | 2.37% | 2.40% | +0.03% |
| Chalet Hotels Ltd. | 1.78% | 1.76% | -0.02% |
| Karur Vysya Bank Ltd. | 2.34% | 2.32% | -0.02% |
| CG Power and Industrial Solutions Ltd. | 1.15% | 1.14% | -0.01% |
| GOI | 0.18% | 0.19% | +0.01% |
| Metropolis Healthcare Ltd. | 1.40% | 1.39% | -0.01% |
| Restaurant Brands Asia Ltd. | 0.78% | 0.77% | -0.01% |
| Bosch Ltd. | 2.51% | 2.51% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹19,061 Cr | 1.97% | 14.8% | 10.8% | 14.6% |
 SBI Focused Fund | ₹50,423 Cr | 1.55% | 14.7% | 13.3% | 14.3% |
 ICICI Prudential Focused Fund | ₹17,248 Cr | 2.10% | 7.7% | 9.3% | 14.7% |
 Invesco India Focused Fund | ₹6,486 Cr | 1.92% | 28.7% | 12.8% | 17.5% |
 Bandhan Focused Fund | ₹2,087 Cr | 2.29% | 8.1% | 7.5% | 11.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
- Amit GanatraMr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.Prior to joining the HDFC AMC, he has worked with Invesco Asset Management (India) Pvt. Ltd, HDFC Mutual Fund, DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months9.37% absolute | ₹60,000 | ₹65,622 | 9.37% | |
| 1 year2.61% annualised | ₹1,20,000 | ₹1,21,710 | 1.43% | |
| 3 years15.89% annualised | ₹3,60,000 | ₹4,63,491 | 28.75% | |
| 5 years15.68% annualised | ₹6,00,000 | ₹9,14,181 | 52.36% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.