Every Focused Fund Rose in a Month: The Category Gained 5.02% on Average
Key Highlights
Focused funds: average 1-month 5.02%, 1-year 3.20%, 3-year 13.94% a year across 28 Direct Growth plans, to 5 November 2026.
Returns as of: 5 November 2026
- Category average return: 1 month 5.02%, 1 year 3.20%, 3 years 13.94% a year
- Every fund rose over the past month
- Most funds had a positive return over one year
- 9% of 1-year rolling windows ended below zero
- Average expense ratio of Direct plans: 1.15%
- Largest fund by assets: SBI Focused Fund
Focused funds performance: the category averaged a 5.02% return over the month. Every fund rose over the month. The 1-year average was 3.20%, with most funds positive over the year.
Focused funds: returns across the category
| Period | Average | Median | Funds with a positive return | Funds counted |
|---|---|---|---|---|
| 1 week | 5.49% | 5.78% | 28 of 28 | 28 |
| 1 month | 5.02% | 5.10% | 28 of 28 | 28 |
| 3 months | −0.81% | −0.99% | 8 of 28 | 28 |
| 6 months | 6.68% | 6.61% | 26 of 28 | 28 |
| 1 year | 3.20% | 1.88% | 20 of 28 | 28 |
| 3 years (a year) | 13.94% | 14.38% | 27 of 27 | 27 |
| 5 years (a year) | 10.81% | 11.02% | 25 of 25 | 25 |
The 1-year average return of 3.20% is lower than the 3-year average of 13.94%. All funds delivered a positive return over the 3-year period. The category average for the 3-year period was 13.94%.
Highest and lowest returns over the past month
| Fund | 1 month | 1 week |
|---|---|---|
| Invesco India Focused Fund | 8.04% | 6.57% |
| UTI Focused Fund | 7.50% | 6.39% |
| Canara Rob Focused Fund | 7.32% | 6.85% |
| Fund | 1 month | 1 week |
|---|---|---|
| ITI Focused Fund | 0.07% | 1.91% |
| LIC MF Focused Fund | 0.82% | 5.30% |
| Old Bridge Focused Fund | 2.21% | 6.03% |
Highest 3-year returns
| Fund | 1 year | 3 years (a year) | Expense ratio |
|---|---|---|---|
| Invesco India Focused Fund | 11.11% | 23.02% | 0.69% |
| ICICI Pru Focused Fund | 2.14% | 18.52% | 1.12% |
| HDFC Focused Fund | 1.03% | 17.01% | 0.83% |
| SBI Focused Fund | 10.92% | 16.72% | 0.82% |
| Bandhan Focused Fund | 2.01% | 16.65% | 1.02% |
Rolling returns
| Measure | Category average 1-year return |
|---|---|
| Lowest window | −5.6% (ending 26 September 2025) |
| Median | 9.1% |
| Highest window | 45.5% (ending 26 September 2024) |
| Share of windows below zero | 9% |
| Latest window (ending 5 November 2026) | 2.9% |
Rolling 1-year returns show a lowest window of −5.6% and a highest window of 45.5%. The median window was 9.1%. The latest rolling window of 2.9% is lower than the median rolling window.
Largest funds and costs
| Fund | Assets (₹ crore) | 1 year | 3 years (a year) |
|---|---|---|---|
| SBI Focused Fund | 50,180 | 10.92% | 16.72% |
| HDFC Focused Fund | 26,553 | 1.03% | 17.01% |
| ICICI Pru Focused Fund | 17,168 | 2.14% | 18.52% |
| Axis Focused Fund | 10,476 | 0.03% | 11.40% |
| Franklin India Focused Equity Fund | 10,410 | −7.79% | 9.36% |
| Expense ratio | Funds counted | |
|---|---|---|
| Average | 1.15% | 28 |
| Lowest: Invesco India Focused Fund | 0.69% | |
| Highest: LIC MF Focused Fund | 2.35% |
Focused funds: FAQs
How have Focused funds performed over the past year?
The average 1-year return of 28 Direct Growth Focused funds was 3.20% to 5 November 2026; most funds had a positive return. The average 3-year return was 13.94% a year across 27 funds.
What is the average expense ratio of Focused funds?
The average expense ratio of 28 Direct plans in the Focused category is 1.15%. It ranges from 0.69% (Invesco India Focused Fund) to 2.35% (LIC MF Focused Fund).
Which Focused fund is the largest?
SBI Focused Fund has the largest assets among Focused funds, ₹50,180 crore at 30 September 2026, across all its plans.
What are rolling returns?
Rolling returns measure the return over every window of a fixed length, not just the one ending today. Here, each 1-year window ending between 6 November 2023 and 5 November 2026 is averaged across 26 funds, so the result does not depend on one start date.
Why are Direct plans compared?
Direct plans have no distributor commission in their cost, so they are the cleanest way to compare the funds themselves. Regular plans of the same funds charge a higher expense ratio, which reduces their returns.
, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.