Best Focused Mutual Funds
Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.
Top focused mutual funds by 3Y returns
20Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 20 Aug 2026, Invesco India Focused Fund (Direct plan, Growth option) leads focused mutual funds on 3-year CAGR at +23.75%, followed by ITI Focused Fund at +20.74% and ICICI Prudential Focused Equity Fund at +19.00%. Across 28 focused mutual funds the category averaged +14.99% over three years, at an average expense ratio of 1.15%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | Invesco India Focused Fund Invesco | ★★★★☆ | +6.0% | +23.8% | +17.3% | 0.70% | ₹5,225Cr |
| 2 | ITI Focused Fund ITI | ★★★★☆ | +11.8% | +20.7% | — | 0.88% | ₹567.11Cr |
| 3 | ICICI Prudential Focused Equity Fund ICICI Prudential | ★★★★☆ | +4.4% | +19.0% | +17.4% | 1.18% | ₹16,230Cr |
| 4 | HDFC Focused Fund HDFC | ★★★★★ | +2.1% | +17.5% | +20.2% | 0.80% | ₹26,336Cr |
| 5 | SBI Focused Fund SBI | ★★★★★ | +15.5% | +17.4% | +14.0% | 0.80% | ₹44,948Cr |
| 6 | Kotak Focused Fund Kotak Mahindra | ★★★★☆ | +10.1% | +17.2% | +14.5% | 0.73% | ₹4,062Cr |
| 7 | HSBC Focused Fund HSBC | ★★★☆☆ | +10.6% | +17.1% | +14.6% | 1.05% | ₹1,677Cr |
| 8 | Bandhan Focused Fund Bandhan | ★★★☆☆ | +2.6% | +16.4% | +13.6% | 1.01% | ₹2,036Cr |
| 9 | Mahindra Manulife Focused Fund Mahindra Manulife | ★★★★★ | +3.1% | +15.9% | +15.6% | 0.82% | ₹2,180Cr |
| 10 | DSP Focused Fund DSP | ★★★☆☆ | +5.7% | +15.7% | +12.0% | 1.10% | ₹2,500Cr |
| 11 | Motilal Oswal Focused Fund Motilal Oswal | ★☆☆☆☆ | +25.4% | +15.5% | +11.7% | 1.73% | ₹1,527Cr |
| 12 | Edelweiss Focused Fund Edelweiss | ★★★☆☆ | +4.9% | +15.5% | — | 0.83% | ₹1,011Cr |
| 13 | JM Focused Fund JM Financial | ★★☆☆☆ | +7.7% | +15.2% | +15.5% | 1.32% | ₹278.27Cr |
| 14 | Aditya Birla Sun Life Focused Fund Aditya Birla Sun Life | ★★★☆☆ | +7.0% | +15.1% | +12.6% | 1.00% | ₹7,731Cr |
| 15 | Canara Robeco Focused Fund Canara Robeco | ★★★★☆ | +0.5% | +15.1% | +13.9% | 0.78% | ₹2,713Cr |
| 16 | Quant Focused Fund quant | ★★☆☆☆ | +11.0% | +15.1% | +15.1% | 1.92% | ₹814.47Cr |
| 17 | 360 ONE Focused Fund 360 One | ★★★☆☆ | +6.7% | +14.0% | +13.1% | 1.21% | ₹6,544Cr |
| 18 | Union Focused Fund Union | ★★☆☆☆ | +9.9% | +13.5% | +11.7% | 1.61% | ₹421.41Cr |
| 19 | UTI Focused Fund UTI | ★★★☆☆ | +2.8% | +12.9% | +11.2% | 1.03% | ₹2,383Cr |
| 20 | Axis Focused Fund Axis | ★★☆☆☆ | +3.5% | +12.9% | +6.7% | 1.08% | ₹10,765Cr |
NAV data as of 20 Aug 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Understand focused mutual funds
Frequently asked questions
What are focused mutual funds?
Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.
Which is the best focused fund right now?
Invesco India Focused Fund by Invesco currently ranks first among focused mutual funds by 3-year CAGR at +23.75%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have focused mutual funds given?
The category has averaged +6.47% over 1 year, +14.99% annualized over 3 years, +13.45% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are focused mutual funds taxed?
Equity taxation: gains within 1 year are short-term and taxed at 20%; beyond 1 year, long-term gains above ₹1.25 lakh a year are taxed at 12.5%.