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FocusedVery High RiskHDFC Mutual Fund

HDFC Focused Fund

Portfolio as on Sep 2026 · 29 equity positions

Equity positions
29
Equity value
₹25,275 Cr
Top holding
9.16%
ICICI Bank Ltd
NAV per unit
₹256.52
Sep 2026
Avg AUM
₹27,716 Cr
Expense ratio
0.80% p.a.
Fund managers
Amit Ganatra, Dhruv Muchhal

In our research

Own another fund too? See how much they overlap →

The portfolio at a glance

HDFC Focused Fund is a Focused scheme from HDFC MF. Its Sep 2026 portfolio holds 29 stocks, and its average assets under management are ₹27,716 Cr.

Its largest position is ICICI Bank at 9.16% of the portfolio, and the ten largest together make up 55.12%.

By sector, Banks is the largest at 39.46% of the equity portfolio, followed by Automobiles (8.99%) and Retailing (7.46%).

Hold other funds too? The fund overlap tool shows how many of these stocks they share. A scheme's official riskometer is in its factsheet on the fund house's website.

NAV history

₹259 per unit -5.1% vs Oct '25

Last 365 days · daily NAV from AMFI · HDFC Focused Fund

₹241₹259₹277Oct '25Jan '26Apr '26Jun '26Sep '26

Performance & risk

Annualized return
-5.7%
Volatility
13%
Sharpe ratio
-0.94
Beta
0.96
explains 91% of moves
Alpha
+3.8%
vs. benchmark, annualized

Based on ~11 months of weekly NAV history from AMFI. Volatility is the annualized standard deviation of NAV returns. Sharpe ratio and alpha assume a 6.5% risk-free rate. Beta measures how much the fund moves with its benchmark (1.0 = in step); alpha is the return above what that beta would predict. Measured against the NAV of Kotak Nifty 50 Index Fund, standing in for the NIFTY 50 itself. A tracker's NAV is the index minus its running costs, so this compares funds against an investable benchmark rather than a costless one. Past performance does not guarantee future returns — not investment advice.

Sector allocation

Banks: 39% · ₹9,973 Cr · 6 fundsAutomobiles: 9% · ₹2,273 Cr · 3 fundsRetailing: 7% · ₹1,886 Cr · 2 fundsPharmaceuticals & Biotechnology: 7% · ₹1,717 Cr · 2 fundsHealthcare Services: 5% · ₹1,244 Cr · 2 fundsTransport Services: 4% · ₹1,062 Cr · 1 fundsConsumer Durables: 4% · ₹960 Cr · 2 fundsOther: 24% · ₹6,158 Cr · 11 funds
29stocks
  • Banks39%
  • Automobiles9%
  • Retailing7%
  • Pharmaceuticals & Biotechnology7%
  • Healthcare Services5%
  • Transport Services4%
  • Consumer Durables4%
  • Other24%

Top holdings

Top 10 holdings make up 55.1% of the portfolio · top 5 = 35.2%.

29 stocks
#
1ICICI BankBanks₹2,432 Cr
9.16%
2HDFC BankBanks₹2,078 Cr
7.83%
3Kotak Mahindra BankBanks₹1,835 Cr
6.91%
4Axis BankBanks₹1,658 Cr
6.24%
5State Bank of IndiaBanks₹1,355 Cr
5.10%
6EternalRetailing₹1,294 Cr
4.87%
7Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology₹1,080 Cr
4.07%
8Interglobe AviationTransport Services₹1,062 Cr
4.00%
9HCL TechnologiesIT - Software₹940.60 Cr
3.54%
10Maruti Suzuki IndiaAutomobiles₹901.66 Cr
3.40%
11Aster DM Quality CareHealthcare Services₹875.99 Cr
3.30%
12Eicher MotorsAutomobiles₹854.40 Cr
3.22%
13Bharti AirtelTelecom - Services₹850.38 Cr
3.20%
14SBI Life Insurance CompanyInsurance₹802.11 Cr
3.02%
15BoschAuto Components₹665.57 Cr
2.51%
16CiplaPharmaceuticals & Biotechnology₹637.09 Cr
2.40%
17Adani Green EnergyPower₹625.78 Cr
2.36%
18Havells IndiaConsumer Durables₹616.28 Cr
2.32%
19Karur Vysya BankBanks₹616.02 Cr
2.32%
20FSN E-Commerce VenturesRetailing₹592.00 Cr
2.23%
21Hyundai Motor IndiaAutomobiles₹516.99 Cr
1.95%
22JSW InfrastructureTransport Infrastructure₹513.38 Cr
1.93%
23Tata SteelFerrous Metals₹473.93 Cr
1.78%
24Chalet HotelsLeisure Services₹468.44 Cr
1.76%
25Metropolis HealthcareHealthcare Services₹368.36 Cr
1.39%
26Amber Enterprises IndiaConsumer Durables₹344.22 Cr
1.30%
27PB FintechFinancial Technology (Fintech)₹310.00 Cr
1.17%
28CG Power and Industrial SolutionsElectrical Equipment₹303.23 Cr
1.14%
29Restaurant Brands AsiaLeisure Services₹204.22 Cr
0.77%

HDFC Focused Fund — FAQ

What are the top holdings of HDFC Focused Fund?
HDFC Focused Fund holds 29 equity positions; the largest is ICICI Bank Ltd at 9.16% of the portfolio, as on Sep 2026. Information only, not investment advice.
How concentrated is HDFC Focused Fund?
Its single largest equity position is ICICI Bank Ltd, at 9.16% of the fund's disclosed portfolio.
As of when is this HDFC Focused Fund portfolio?
Portfolio as on Sep 2026, taken from HDFC Mutual Fund's public monthly portfolio disclosure.
What is the NAV of HDFC Focused Fund?
The latest NAV (Net Asset Value) of HDFC Focused Fund is ₹256.52 per unit, as on Sep 2026, sourced from AMFI's public scheme data. NAV changes daily with market movements. Information only, not investment advice.
What is the AUM of HDFC Focused Fund?
HDFC Focused Fund has a Monthly Average AUM (Assets Under Management) of ₹27,716 Cr, as per AMFI's latest published data. AUM reflects the total market value of all assets managed across all plans of this scheme. Information only, not investment advice.
Who manages HDFC Focused Fund?
HDFC Focused Fund is managed by Amit Ganatra; Dhruv Muchhal, as per AMFI's public disclosure. Fund manager details sourced from Kuvera/AMFI data. Information only, not investment advice.
What is the expense ratio of HDFC Focused Fund?
HDFC Focused Fund has a Total Expense Ratio (TER) of 0.80% p.a., as disclosed to AMFI. The TER is the annual cost of running the fund, deducted daily from the NAV. A lower TER means more of the fund's return flows to investors. Information only, not investment advice.
What is the 1-year NAV return of HDFC Focused Fund?
HDFC Focused Fund's NAV moved from ₹273.10 (Oct 2025) to ₹259.14 (Sep 2026), a change of -5.1% over approximately one year. NAV data sourced from AMFI. Past performance is not indicative of future returns. Information only, not investment advice.
What is the Sharpe ratio of HDFC Focused Fund?
Based on roughly 11 months of NAV history, HDFC Focused Fund has an annualized return of about -5.7% with 13% annualized volatility, giving a Sharpe ratio of -0.94 (assuming a 6.5% risk-free rate). A higher Sharpe ratio means more return per unit of risk taken. Past performance is not indicative of future returns.
What are the beta and alpha of HDFC Focused Fund?
HDFC Focused Fund has a beta of 0.96 and an annualized alpha of +3.8%. Beta measures how much the fund moves with its benchmark — 1.0 means it moves in step, above 1.0 amplifies it. Alpha is the return above what that beta would predict. Measured against the NAV of Kotak Nifty 50 Index Fund, standing in for the NIFTY 50 itself. A tracker's NAV is the index minus its running costs, so this compares funds against an investable benchmark rather than a costless one. Alpha assumes a 6.5% risk-free rate. The benchmark explains 91% of this fund's movement. Past performance is not indicative of future returns. Information only, not investment advice.

Similar funds

How much does HDFC Focused overlap with SBI Focused? →

Equity holdings only, ISIN-verified, from HDFC Mutual Fund's public monthly portfolio disclosure (Sep 2026). Not investment advice.
Weight = the position as a % of this fund's portfolio. Values in ₹: L = Lakh (1,00,000), Cr = Crore (1,00,00,000).