Last updated 1 July 2026 · vs April 2026 · How the score is calculated
A focused fund holds a maximum of 30 stocks, by SEBI mandate. The category is for investors who believe concentrated portfolios beat diversified ones over long horizons, and who can stomach the higher volatility that comes with that. The Warren Buffett / Charlie Munger framing: if you would not put 5% of your net worth in each of your top 20 ideas, you do not really believe in your own research. Most focused funds in India, however, are not built on original bottom-up research. They are concentrated diversified funds, holding the manager's highest-conviction names from a broader universe. The category has historically trailed the broader flexi-cap category over full cycles, because concentration adds volatility without reliably adding return. How to read this table. Treat the 5-year return column as the only one that matters. Focused funds have higher year-to-year variance than flexi-cap, so 1-year numbers are especially misleading. A 5-year return meaningfully above the BSE 500 (the broadest Indian index) is a real signal; one that just matches it is not.
Each Focused Fund fund in the table is scored on a blend of five factors: 1-year, 3-year, and 5-year returns, the 3-year Sharpe ratio, and the 3-year maximum drawdown. The 5-year return carries the heaviest weight; the 1-year return carries the lightest, because a single year is mostly noise. Funds with less than three years of history are kept out of the 3Y / 5Y windows but are still listed if they have a 1-year track record.
The underlying NAV data is sourced nightly from the AMFI daily NAV file and the AMC factsheets. The score is re-run every month after the latest upload. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; pick from the top 3-5 names in the list, not just the top 1. The full formula, weights, and edge cases are in the rankings methodology post.
| Rank | Scheme | Score |
|---|---|---|
1 | Invesco India Focused Fund - Growth Invesco Mutual Fund · Regular | 67.4 |
2 | quant Focused Fund - Growth Option - Regular Plan quant Mutual Fund · Regular | 60.7 |
3 | Motilal Oswal Focused 25 Fund (MOF25)- Regular Plan Growth Option Motilal Oswal Mutual Fund · Regular | 59.7 |
4↓3 | ICICI Prudential Focused Equity Fund - Growth ICICI Prudential Mutual Fund · Regular | 58.8 |
5↓3 | SBI FOCUSED FUND - REGULAR PLAN -GROWTH SBI Mutual Fund · Regular | 57.8 |
Rankings based on data up to 1 July 2026. Direct plans and regular plans are scored separately; this table shows the regular plan of each fund. For educational purposes only, not investment advice. Mutual fund investments are subject to market risks. Read the full disclaimer.
Some focused funds (SBI, Axis) keep 25-30 stocks; others (Kotak, Franklin) run 15-20 stock portfolios that behave more like closed-end concentrated plays. The number of holdings is the cleanest signal: 30 stocks is a flexi-cap fund with extra steps; 15 is a real concentrated bet.
FinvestR Research Desk
Research team, FinvestR
The FinvestR research desk produces the monthly fund rankings and the underlying scoring engine. The team includes AMFI-registered distributors (ARN-142502) and NISM-Series-V-A certified research analysts. Plain English, no product pitches, full methodology on every page.
AMFI-registered Mutual Fund Distributor · ARN-142502 · NISM-Series-V-A: Mutual Fund Distributors
Last updated 1 July 2026. The full ranking methodology and the data sources are published in the July 2026 rankings post. Past performance does not indicate future results.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. FinvestR Capital is registered with AMFI as a Mutual Fund Distributor (ARN-142502). The rankings on this page are research output and not personalised investment advice. Consult a SEBI- registered investment advisor for advice tailored to your situation.