Compare the best focused funds in India — HDFC Focused 30, ICICI Prudential Focused Equity, SBI Focused, Axis Focused and Franklin India Focused Equity. Max 30 stocks each. Live NAV, 5Y returns, AAUM and risk from RightAdvise database.
Sorted by 5-year CAGR. Click any fund for full analysis — rolling returns, drawdown chart, NAV history and risk ratios.
If you had invested ₹1 lakh 5 years ago in each fund, here is how much it would be worth today. Calculated from 5 years of daily NAV in the RightAdvise database.
💡 What is AAUM? AAUM stands for Average Assets Under Management — the average value of all investor money a fund managed during a specific quarter. Reported to SEBI every quarter via AMFI. More reliable than a single-day AUM snapshot.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | 10Y CAGR | Max Drawdown | Sharpe (3Y) |
|---|---|---|---|---|---|---|---|---|
| HDFC Focused 30 Fund | ₹251.41 2026-06-04 | ₹26.2K Cr Jan–Mar 2026 | -1.8% | +17.5 % p.a. | +19.3 % p.a. | +15.2 % p.a. | -45.6% | 1.06 |
| SBI Focused Equity Fund | ₹429.21 2026-06-04 | ₹42.1K Cr Jan–Mar 2026 | +11.9% | +17.6 % p.a. | +14.4 % p.a. | +15.9 % p.a. | -32.7% | 1.03 |
| Franklin India Focused Equity Fund | ₹110.79 2026-06-04 | ₹11.7K Cr Jan–Mar 2026 | -5.8% | +11.4 % p.a. | +11.9 % p.a. | +14.0 % p.a. | -37.7% | 0.52 |
| Axis Focused Fund | ₹59.16 2026-06-04 | ₹11.2K Cr Jan–Mar 2026 | -6.1% | +8.5 % p.a. | +5.5 % p.a. | +12.0 % p.a. | -33.7% | 0.22 |
| ICICI Prudential Focused Equity Fund | — | ₹14.9K Cr Jan–Mar 2026 | — | — | — | — | — | — |
As per SEBI, Focused Funds can invest in a maximum of 30 stocks. As per the revised SEBI circular of February 2026, focused funds must invest at least 80% of their assets in equity (increased from 65% previously). There is no restriction on market cap — the manager can choose any stock from large, mid, or small cap.
A Focused Fund is built on a simple but powerful idea: instead of spreading money across 60 to 100 stocks like most diversified equity funds, the manager picks only the 20 to 30 companies they believe in most strongly. Each stock chosen must be backed by deep research and high conviction. Because every holding carries a meaningful portfolio weight (often 4 to 8%), a stock that doubles genuinely moves the needle for investors. The best focused funds in India are essentially a pure expression of a fund manager's highest-conviction ideas.
Looking for the top 5 focused equity funds in India? The comparison table on this page shows HDFC Focused 30 Fund, ICICI Prudential Focused Equity, SBI Focused Equity, Axis Focused Fund and Franklin India Focused Equity — all side by side by 5-year CAGR, max drawdown and Sharpe ratio. Among the best focused mutual funds, note that each has a distinct style: HDFC Focused 30 runs exactly 30 stocks; ICICI Pru Focused has a large-cap bias; Franklin India Focused Equity takes a value-oriented approach with a long track record.
A Flexi Cap Fund typically holds 50 to 80 stocks across market caps, giving broad diversification. A Focused Fund holds a maximum of 30 stocks — significantly more concentrated. The Focused Fund has higher potential for outperformance when the manager is right, but also higher downside risk when holdings disappoint. As per SEBI's February 2026 circular, focused funds now require a minimum 80% equity allocation (up from 65%).
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