Focused Mutual Funds
All 28 focused funds, Direct Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.
Category average
+11.9%
3 years, a year
Category average
+10.3%
5 years, a year
Category average
15.7%
Volatility, 3 years
Category average
1.15%
Expense ratio
Against the NIFTY 500 Index: 17 of 25 funds with at least 5 calendar years of history returned more than the index in at least half of the years from 2017 to 2026. The 2026 figure is year to date.
Focused funds compared
| Fund | 1Y | 3Y a year | 5Y a year | Volatility 3Y | Worst fall 5Y | Years ahead of index | Expense | Fund size |
|---|---|---|---|---|---|---|---|---|
| -3.4% | +14.8% | +16.7% | 13.2% | -14.0% | 6 of 10 | 0.80% | ₹28,201 Cr | |
| +4.3% | +20.3% | +14.8% | 18.0% | -22.0% | 4 of 6 | 0.70% | ₹6,454 Cr | |
| -1.9% | +16.1% | +14.0% | 15.3% | -16.8% | 7 of 10 | 1.17% | ₹17,949 Cr | |
| +8.8% | +13.9% | +13.1% | 19.0% | -24.0% | 5 of 10 | 1.92% | ₹850 Cr | |
| -3.8% | +12.0% | +12.5% | 14.6% | -16.5% | 5 of 6 | 0.82% | ₹2,109 Cr | |
| -1.3% | +11.5% | +12.0% | 17.2% | -19.6% | 6 of 10 | 1.32% | ₹293 Cr | |
| +2.4% | +15.0% | +12.0% | 16.4% | -20.2% | 5 of 10 | 1.01% | ₹2,094 Cr | |
| +5.9% | +14.0% | +11.5% | 16.9% | -21.2% | 4 of 6 | 1.04% | ₹1,843 Cr | |
| +1.6% | +14.1% | +11.3% | 15.0% | -18.4% | 4 of 7 | 0.73% | ₹4,549 Cr | |
| -5.4% | +11.6% | +11.0% | 15.0% | -18.1% | 1 of 5 | 0.78% | ₹2,920 Cr | |
| +25.7% | +14.9% | +10.8% | 19.4% | -31.3% | 3 of 10 | 1.72% | ₹1,827 Cr | |
| +8.8% | +14.7% | +10.8% | 14.1% | -22.5% | 6 of 10 | 0.83% | ₹51,248 Cr | |
| +3.3% | +11.2% | +10.7% | 14.6% | -21.3% | 5 of 10 | 1.21% | ₹6,800 Cr | |
| -1.2% | +12.0% | +10.3% | 15.7% | -20.7% | 4 of 10 | 1.09% | ₹2,671 Cr | |
| +0.2% | +11.7% | +9.4% | 14.4% | -17.2% | 3 of 10 | 0.98% | ₹7,971 Cr | |
| +4.5% | +11.0% | +9.3% | 14.6% | -18.4% | 4 of 7 | 1.61% | ₹462 Cr | |
| -2.3% | +8.5% | +9.2% | 15.2% | -17.6% | 5 of 10 | 1.36% | ₹8,651 Cr | |
| +0.8% | +9.6% | +8.9% | 13.3% | -20.1% | 6 of 10 | 1.30% | ₹1,097 Cr | |
| -6.8% | +8.4% | +8.9% | 15.0% | -19.6% | 4 of 7 | 0.90% | ₹1,755 Cr | |
| -4.8% | +8.9% | +8.7% | 15.2% | -19.3% | 2 of 5 | 1.02% | ₹2,487 Cr | |
| -12.4% | +6.6% | +8.3% | 14.5% | -17.8% | 5 of 10 | 1.17% | ₹11,506 Cr | |
| +0.6% | +9.1% | +7.7% | 15.5% | -21.1% | 2 of 9 | 2.68% | ₹175 Cr | |
| -6.5% | +7.5% | +7.7% | 17.6% | -22.5% | 3 of 9 | 1.26% | ₹660 Cr | |
| -4.0% | +7.4% | +5.5% | 15.7% | -21.0% | 3 of 7 | 0.98% | ₹6,752 Cr | |
| -1.7% | +8.9% | +3.3% | 15.6% | -28.3% | 5 of 10 | 1.06% | ₹11,424 Cr | |
| +5.1% | +16.8% | N/A | 16.5% | N/A | 3 of 3 | 0.88% | ₹629 Cr | |
| -3.0% | +11.4% | N/A | 16.1% | N/A | 2 of 4 | 0.83% | ₹1,051 Cr | |
| +14.0% | N/A | N/A | N/A | N/A | 2 of 2 | 1.08% | ₹4,354 Cr |
Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return.Years ahead of index counts the calendar years from 2017 to 2026 in which the fund returned more than the NIFTY 500 Index. Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.
What a focused fund is
Focused funds hold at most 30 stocks, with at least 65% of assets in shares.
Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.
Investing from the UAE
NRIs living in the UAE can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada, or accept them only offline. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.
Questions
How are these focused funds ordered?
By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.
Can NRIs living in the UAE invest in focused funds?
Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.
How are gains taxed for NRIs?
For equity funds, India taxes gains on units held for 12 months or less at 20%, and gains on units held longer at 12.5% on the amount above ₹1.25 lakh in a financial year, plus cess and any surcharge. For NRIs the fund house deducts this tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.
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