HDFC Focused Fund
- NAV as on 25 Sep 2026
- ₹228.25+0.32%1 day
- Return since launch
- 15.2%
- 52-week range
- ₹208.55 — ₹242.70
- AUM
- ₹28,201 Cr
HDFC Focused Fund is a Focused equity fund from HDFC Mutual Fund with ₹28,201 Cr under management, launched in 2004. Over three years it has returned 5.9% a year, against 11.3% for its category. The expense ratio is 1.69% 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 -1.6% against +1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -2.6% | −6.0 pts | 3.4% | 1.8% |
| 2Y | 1.2% | −2.1 pts | 3.3% | 2.3% |
| 3Y | 5.9% | −5.4 pts | 11.3% | 4.6% |
| 5Y | 13.2% | +3.9 pts | 9.3% | 9.1% |
| 7Y | 17.5% | +4.9 pts | 12.7% | 12.0% |
| 10Y | 15.3% | +3.0 pts | 12.3% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | −0.1 pts | -3.7% | -3.5% |
| 3M | -0.5% | −1.1 pts | 0.6% | 0.5% |
| 6M | 6.8% | −5.3 pts | 12.2% | 11.1% |
| 1Y | -1.6% | −5.0 pts | 3.4% | 1.7% |
| 2Y | -0.1% | +1.8 pts | -1.9% | -2.4% |
| 3Y | 14.1% | +2.8 pts | 11.3% | 10.2% |
| 5Y | 16.3% | +6.9 pts | 9.3% | 8.6% |
| 7Y | 16.8% | +3.0 pts | 13.8% | 13.3% |
| 10Y | 13.3% | +1.0 pts | 12.3% | 11.2% |
Since launch (20 Aug 2004): 15.2%
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
1.70%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.37%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.31%
- 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 | 4.65 | 5.04 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.79 | 0.96 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.80 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.88 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 12.70 | 15.86 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Focused Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.7%
- Debt0.2%
- Other4.1%
Market cap split
- Large77.7%
- Mid14.2%
- Small8.0%
- P/E
- 24.92
- P/B
- 3.48
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.49% | ₹2,675 Cr | +9.01% | +9.50% | +9.03% |
| HDFC Bank Ltd. | Financial | 7.17% | ₹2,023 Cr | +8.14% | +9.17% | +8.23% |
| Axis Bank Ltd. | Financial | 6.91% | ₹1,950 Cr | +7.40% | +7.65% | +6.80% |
| Kotak Mahindra Bank Ltd. | Financial | 5.74% | ₹1,619 Cr | +5.56% | +5.78% | +4.02% |
| State Bank of India | Financial | 5.31% | ₹1,497 Cr | +5.22% | +6.07% | +4.83% |
| Eternal Ltd. | Services | 4.80% | ₹1,353 Cr | +3.67% | +1.15% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.19% | ₹1,180 Cr | — | — | — |
| HCL Technologies Ltd. | Technology | 3.96% | ₹1,115 Cr | +3.86% | +3.97% | +4.21% |
| Interglobe Aviation Ltd. | Services | 3.91% | ₹1,104 Cr | +3.40% | +2.10% | +1.76% |
| Maruti Suzuki India Ltd. | Automobile | 3.53% | ₹996 Cr | +3.70% | +3.74% | +4.28% |
| Eicher Motors Ltd. | Automobile | 3.37% | ₹950 Cr | +3.29% | +2.75% | +2.53% |
| SBI Life Insurance Company Ltd. | Insurance | 3.18% | ₹897 Cr | +3.62% | +3.53% | +3.62% |
| Bharti Airtel Ltd. | Communication | 3.11% | ₹877 Cr | +3.39% | +3.54% | +2.52% |
| company:15106 | Healthcare | 2.98% | ₹841 Cr | — | — | — |
| Havells India Ltd. | Capital Goods | 2.68% | ₹755 Cr | +2.42% | +2.62% | +1.70% |
| Bosch Ltd. | Automobile | 2.51% | ₹707 Cr | +1.90% | +1.34% | +1.78% |
| Cipla Ltd. | Healthcare | 2.37% | ₹667 Cr | +3.75% | +3.79% | +4.25% |
| Karur Vysya Bank Ltd. | Financial | 2.34% | ₹659 Cr | +2.08% | +2.26% | +1.46% |
| Others | Others | 2.34% | ₹661 Cr | -0.44% | -2.02% | +0.34% |
| FSN E-Commerce Ventures Ltd. | Services | 2.29% | ₹647 Cr | +2.01% | +1.96% | +2.05% |
| Adani Green Energy Ltd. | Capital Goods | 2.11% | ₹595 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 2.09% | ₹590 Cr | +2.55% | +2.50% | +2.68% |
| Hyundai Motor India Ltd. | Automobile | 1.99% | ₹561 Cr | +1.88% | +1.68% | +2.30% |
| Chalet Hotels Ltd. | Services | 1.78% | ₹501 Cr | +1.67% | +1.53% | +2.25% |
| Nexus Select Trust | Construction | 1.78% | ₹503 Cr | +1.79% | +1.79% | +1.98% |
| JSW Infrastructure Ltd. | Services | 1.74% | ₹489 Cr | — | — | — |
| Escorts Kubota Ltd. | Automobile | 1.43% | ₹403 Cr | +1.48% | +1.75% | +1.31% |
| Metropolis Healthcare Ltd. | Healthcare | 1.40% | ₹396 Cr | +1.45% | +1.19% | +1.66% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.39% | ₹393 Cr | +1.51% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.15% | ₹325 Cr | +0.80% | — | — |
| Restaurant Brands Asia Ltd. | Services | 0.78% | ₹219 Cr | +0.59% | +0.52% | +0.79% |
| GOI | Sovereign | 0.18% | ₹50.61 Cr | +0.19% | +0.19% | +0.23% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:15106 | 0.00% | 2.98% | +2.98% |
| Power Grid Corporation Of India Ltd. | 1.56% | 0.00% | -1.56% |
| Sun Pharmaceutical Industries Ltd. | 3.70% | 4.19% | +0.49% |
| HDFC Bank Ltd. | 7.64% | 7.17% | -0.47% |
| Kotak Mahindra Bank Ltd. | 5.28% | 5.74% | +0.46% |
| Bosch Ltd. | 2.08% | 2.51% | +0.43% |
| Cipla Ltd. | 2.69% | 2.37% | -0.32% |
| Axis Bank Ltd. | 6.60% | 6.91% | +0.31% |
| Bharti Airtel Ltd. | 3.42% | 3.11% | -0.31% |
| SBI Life Insurance Company Ltd. | 3.47% | 3.18% | -0.29% |
| Restaurant Brands Asia Ltd. | 0.53% | 0.78% | +0.25% |
| Maruti Suzuki India Ltd. | 3.75% | 3.53% | -0.22% |
| Others | 0.27% | 0.07% | -0.20% |
| Chalet Hotels Ltd. | 1.61% | 1.78% | +0.17% |
| Adani Green Energy Ltd. | 1.96% | 2.11% | +0.15% |
| HCL Technologies Ltd. | 4.10% | 3.96% | -0.14% |
| ICICI Bank Ltd. | 9.36% | 9.49% | +0.13% |
| JSW Infrastructure Ltd. | 1.61% | 1.74% | +0.13% |
| Eternal Ltd. | 4.68% | 4.80% | +0.12% |
| State Bank of India | 5.20% | 5.31% | +0.11% |
| FSN E-Commerce Ventures Ltd. | 2.21% | 2.29% | +0.08% |
| Tata Steel Ltd. | 2.17% | 2.09% | -0.08% |
| Escorts Kubota Ltd. | 1.49% | 1.43% | -0.06% |
| Havells India Ltd. | 2.74% | 2.68% | -0.06% |
| CG Power and Industrial Solutions Ltd. | 1.10% | 1.15% | +0.05% |
| Eicher Motors Ltd. | 3.35% | 3.37% | +0.02% |
| Metropolis Healthcare Ltd. | 1.42% | 1.40% | -0.02% |
| Amber Enterprises India Ltd. | 1.37% | 1.39% | +0.02% |
| Interglobe Aviation Ltd. | 3.90% | 3.91% | +0.01% |
| Nexus Select Trust | 1.79% | 1.78% | -0.01% |
| Karur Vysya Bank Ltd. | 2.33% | 2.34% | +0.01% |
| GOI | 0.18% | 0.18% | 0.00% |
| Hyundai Motor India Ltd. | 1.99% | 1.99% | 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 | ₹15,674 Cr | 2.10% | 6.9% | 9.2% | 13.7% |
 SBI Focused Fund | ₹51,248 Cr | 1.60% | 7.3% | 11.3% | 13.0% |
 ICICI Prudential Focused Fund | ₹17,949 Cr | 2.15% | -2.5% | 6.9% | 13.4% |
 Invesco India Focused Fund | ₹6,454 Cr | 1.94% | 14.6% | 9.7% | 15.4% |
 Bandhan Focused Fund | ₹2,094 Cr | 2.22% | 10.6% | 9.2% | 12.9% |
 ITI Focused Fund | ₹629 Cr | 2.59% | 4.5% | 8.7% | — |
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 months6.83% absolute | ₹60,000 | ₹64,098 | 6.83% | |
| 1 year−1.62% annualised | ₹1,20,000 | ₹1,18,952 | −0.87% | |
| 3 years14.11% annualised | ₹3,60,000 | ₹4,50,216 | 25.06% | |
| 5 years16.29% annualised | ₹6,00,000 | ₹9,30,106 | 55.02% |
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.