HDFC Focused Fund
HDFC Mutual Fund · Focused · Direct plan, growth option
NAV (₹), 1 Oct 2026
254.8840
1-day change
-0.54%
1Y return
-3.8%
3Y CAGR
14.2%
5Y CAGR
16.7%
Max drawdown, 5Y
−14.0%
NAV history month-end NAV, ₹ · 1 Jan 2013 to 1 Oct 2026
Returns vs Focused median (28 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.6% | -5.8% |
| 3 months | -3.7% | -3.4% |
| 6 months | 5.6% | 10.4% |
| Year to date | -6.3% | -3.8% |
| 1 year | -3.8% | -0.2% |
| 3 years (CAGR) | 14.2% | 11.1% |
| 5 years (CAGR) | 16.7% | 10.8% |
| 7 years (CAGR) | 18.1% | 15.3% |
| 10 years (CAGR) | 14.4% | 13.1% |
| Since first NAV (CAGR) | 14.4% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 15.8% | 12.7% |
| 3Y rolling median | 17.1% | 16.7% |
| 3Y rolling worst | -11.2% | 5.5% |
| 3Y periods positive | 92% | 100% |
| 3Y periods ahead of benchmark | 100% | 75% |
| 5Y rolling median | 15.0% | 15.7% |
| 5Y rolling worst | -2.7% | 3.7% |
| 5Y periods ahead of benchmark | 100% | 94% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 13.3% | 15.4% |
| Sharpe ratio | 0.62 | 0.38 |
| Sortino ratio | 0.87 | 0.55 |
| Beta | 0.81 | 0.94 |
| Alpha (ann.) | 5.4% | 2.6% |
| Upside capture | 100.93 | 102.75 |
| Downside capture | 78.35 | 94.28 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −45.6% | −34.1% |
| Maximum drawdown, last 10Y | −45.6% | −36.7% |
| Maximum drawdown, last 5Y | −14.0% | −19.6% |
| Current drawdown | −7.9% | −7.9% |
| Recovery time of worst fall | 316 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.70% a year and the Direct plan's 0.82%, a gap of 0.88%; over the last 3 years the Direct plan returned 1.21 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹20,78,755.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 9 Sep 2026: TER increased from 0.81% to 0.82% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Amar Kalkundrikar | Fund Manager of the scheme | 1 Feb 2026 |
| Gopal Agrawal | Fund Manager for Overseas Investments | 1 Sep 2026 |
| Bhagyesh Kagalkar | Fund Manager for investments in Gold/Silver instruments | 26 Aug 2026 |
Objective: To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity Related Instruments*: 80%- 100%; Money market instruments, Other liquid instruments and Units of Mutual Fund^^: 0%- 20%; Units issued by InvITs: 0%- 10%; Gold and Silver instruments: 0%- 20% *Subject to overall limit of 30 stocks.^^Units of Domestic Mutual Funds shall only include Overnight Funds, Liquid Funds and Money Market Mutual Funds. Further other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from time to time. For detailed asset allocation, refer Scheme Information Document (SID) available on the website.
Benchmark (tier 1): NIFTY 500 (Total Returns Index)
Exit load: In respect of each purchase/ switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment.
Minimum application: Rs.100
Allotment date: 17 Sep 2004
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.82% | 1.06% |
| AUM, whole scheme (₹ crore) | 26,553 | 2,407 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -2.5% | -2.0% TRI |
| Return, 3 years (AMFI) | 14.4% | 9.5% TRI |
| Return, 5 years (AMFI) | 17.2% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 44% | 48% median |
| Month-ends in category top quartile (3Y) | 38% | 21% median |
| 7Y rolling CAGR, median (monthly windows) | 14.3% | 14.3% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Focused Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -6.3% | -7.8% | +1.5% |
| 2025 | 12.0% | 7.7% | +4.4% |
| 2024 | 25.4% | 15.6% | +9.8% |
| 2023 | 31.3% | 26.5% | +4.8% |
| 2022 | 19.9% | 3.8% | +16.1% |
| 2021 | 41.8% | 30.6% | +11.2% |
| 2020 | 5.2% | 17.2% | −12.0% |
| 2019 | 4.6% | n/a | – |
| 2018 | -13.7% | n/a | – |
| 2017 | 40.3% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,15,918 | -6.2% |
| 3 years | ₹3,60,000 | ₹3,89,062 | 5.1% |
| 5 years | ₹6,00,000 | ₹8,35,231 | 13.2% |
| 10 years | ₹12,00,000 | ₹27,75,353 | 16.0% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HDFC Mutual Fund
Category: Focused
Plan / option: Direct · Growth
AMFI scheme code: 118950
ISIN: INF179K01VK7
First NAV in MFIC data: 1 Jan 2013
History: 13.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| HDFC Flexi Cap Fund | Flexi Cap | 0.99 | 14.2% |
| HDFC ELSS - Tax Saver Fund | ELSS | 0.97 | 11.3% |
| Nippon India Large Cap Fund | Large Cap | 0.96 | 9.5% |
| HDFC Large Cap Fund | Large Cap | 0.96 | 7.4% |
| Groww Large Cap Fund | Large Cap | 0.96 | 9.1% |
| Franklin India Flexi Cap Fund | Flexi Cap | 0.96 | 9.4% |
Questions about HDFC Focused Fund
- What is the latest NAV of HDFC Focused Fund?
- The NAV of the Direct plan (growth option) was ₹254.8840 on 1 Oct 2026, as published by AMFI.
- Which category is HDFC Focused Fund in?
- It is classified as Focused in AMFI's daily NAV file; a Focused scheme holds at most 30 stocks. MFIC compares it with 28 Focused schemes (Direct plans).
- What returns has HDFC Focused Fund delivered?
- Over one year the NAV changed by -3.8%. The 3-year CAGR is 14.2% (category median 11.1%) and the 5-year CAGR is 16.7% (category median 10.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 17.1%, the lowest was -11.2%, and 92% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in HDFC Focused Fund's NAV?
- The largest peak-to-trough fall in its available history was 45.6%; within the last five years it was 14.0% (category median 19.6%).
- How volatile is HDFC Focused Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 13.3%, which is below the Focused category median of 15.4%.
- What would a monthly SIP in HDFC Focused Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,35,231 on 1 Oct 2026, an annualised return (XIRR) of 13.2%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HDFC Focused Fund?
- The total expense ratio of the Direct plan is 0.82% a year, as disclosed to AMFI (median of Focused Direct plans: 1.06%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HDFC Focused Fund?
- Assets under management of the whole scheme were ₹26,553 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC Focused Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HDFC Focused Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 14.4% for this plan against 9.5% for the benchmark total return index; over 5 years 17.2% against 9.0%. Past performance does not indicate future results.
- How often has HDFC Focused Fund beaten its category?
- At 44% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Focused schemes (Direct plans); it was in the top quarter at 38% of them. A typical scheme would show about 50%.
- Who manages HDFC Focused Fund?
- According to its Scheme Summary Document, HDFC Focused Fund is managed by Amar Kalkundrikar (since 1 Feb 2026), Gopal Agrawal (since 1 Sep 2026), Bhagyesh Kagalkar (since 26 Aug 2026).
- What is the exit load of HDFC Focused Fund?
- As stated in its scheme documents: In respect of each purchase/ switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HDFC Focused Fund?
- The minimum application amount is Rs.100. SIP details: For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -3.8% and the Regular plan's by -4.8%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.