Mutual fund · Focused
HDFC Focused Fund
₹26,553 cr across 29 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −3% over 1 year against the median Focused fund's 0%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Focused Fund | −3% | −3% | +13% | +16% |
| Median Focused fund | −2% | 0% | +10% | +10% |
+30%Q3 FY24+41%Q4 FY24+44%Q1 FY25+46%Q2 FY25+24%Q3 FY25+16%Q4 FY25+11%Q1 FY26+3%Q2 FY26+11%Q3 FY26−3%Q4 FY26−1%Q1 FY27−3%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Eternal Limited | +1.3 pp | −0.1 pp |
| Fsn Ecommerce Ventures Limited (Nykaa) | +1.2 pp | −0.2 pp |
| Axis Bank Ltd. | +1.1 pp | −0.4 pp |
| Bosch Limited | +1.1 pp | −0.1 pp |
| State Bank of India | +0.9 pp | −0.5 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Ltd. | −2.3 pp | −0.0 pp |
| HCL Technologies Ltd. | −1.1 pp | −0.2 pp |
| Havells India Ltd. | −0.8 pp | −0.5 pp |
| Piramal Pharma Limited | −0.6 pp | 0.0 pp |
| Crompton Greaves Consumer Elec. Ltd. | −0.6 pp | 0.0 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| ICICI Bank | Financial Services | 9.16% | ₹2,432 cr | 46 mo | +16% |
| HDFC Bank | Financial Services | 7.83% | ₹2,078 cr | 46 mo | -17% |
| Kotak Mahindra Bank Limited | Financial Services | 6.91% | ₹1,835 cr | 35 mo | +7% |
| Axis Bank | Financial Services | 6.24% | ₹1,658 cr | 46 mo | +11% |
| State Bank of India | Financial Services | 5.10% | ₹1,355 cr | 46 mo | +20% |
| Eternal Ltd | Consumer Services | 4.87% | ₹1,294 cr | 8 mo | +34% |
| Sun Pharmaceutical Industries Limited | Healthcare | 4.07% | ₹1,080 cr | 3 mo | -9% |
| InterGlobe Aviation Limited | Services | 4.00% | ₹1,062 cr | 23 mo | +12% |
| HCL Technologies Limited | Information Technology | 3.54% | ₹941 cr | 46 mo | -13% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 3.40% | ₹902 cr | 33 mo | +1% |
| Aster DM Healthcare Limited | Healthcare | 3.30% | ₹876 cr | 2 mo | -7% |
| Eicher Motors Limited | Automobile and Auto Components | 3.22% | ₹854 cr | 28 mo | +25% |
| Bharti Airtel Limited | Telecommunication | 3.20% | ₹850 cr | 46 mo | +30% |
| SBI Life Insurance Company Limited | Financial Services | 3.02% | ₹802 cr | 46 mo | +18% |
| Bosch | Automobile and Auto Components | 2.51% | ₹666 cr | 46 mo | +82% |
How this fund actually behaves
Computed from every filed monthly portfolio (46 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 13 mo (8–23) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (25 exits) | 68% · payoff 3.8× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 53× · 52% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices (P/E covers 95% of equity) | 72.9× P/E · 7.7× P/B · 5% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 29 positions | 10 in · 9 out |
| Concentration | Top 10 holdings' share; effective number of positions | 55% · ~21 effective |