Assessing the performance of mutual funds calls for evaluating their returns, among other things, over a period of time. Here we take a look at the returns given by a number of focussed funds in the short and medium terms i.e., in the past one and three years, respectively.
What are focussed funds: A focused fund is a category of equity mutual fund that invests in a small number of stocks. According to SEBI guidelines, focused funds are allowed to invest in a maximum of 30 stocks.
As per the data shared by AMFI (Association of Mutual Fund in India), top-performing focussed mutual funds gave returns in the range of 8-13 percent in past one year.
Nippon India Large Cap Fund gave 12.81 percent return in past one year, ICICI Prudential Bluechip fund gave 11.13 percent, HDFC Top 100 Fund gave 9.81 percent and Aditya Birla Sun Life Frontline Equity Fund gave 8.42 percent.
| MF Scheme | One-year-return |
| Nippon India Large Cap Fund | 12.81 |
| ICICI Prudential Bluechip Fund | 11.13 |
| HDFC Top 100 Fund | 9.81 |
| Aditya Birla Sun Life Frontline Equity Fund | 8.42 |
(Source: AMFI data, direct returns as on May 31, 2022)
Three-year returns
The medium term returns of some of the top-performing funds were in the range of 14-16 percent. Canara Robeco Bluechip Equity Fund gave 16.63 percent, IDBI India Top 100 Equity fund posted 16.38 percent, Kotak Bluechip Fund gave 15.01 percent and Mahindra Manulife Large Cap Pragati Yojana gave 14.88 percent in past three years.
| Fund | Three-year return |
| Canara Robeco Bluechip Equity Fund | 16.63 |
| IDBI India Top 100 Equity | 16.38 |
| Kotak Bluechip Fund | 15.01 |
| Mahindra Manulife Large Cap Pragati Yojana | 14.88 |
(Source: AMFI data, direct returns as on May 31, 2022)
Here, we give a snapshot of some of the top-performing funds in focused fund category:
Canara Robeco Bluechip Equity Fund: This was started in August 2010. In past 11 years and 10 months, the fund scheme's CAGR was 11.62 percent. In other words, if someone invested ₹one lakh at the beginning of the fund, it would have now swelled to ₹3,67,237.
IDBI India Top 100 Equity: This fund scheme was launched on May 15, 2012. Its CAGR since inception was 13.21 percent. In other words, if someone had invested ₹one lakh in the scheme at the time of inception, it would have swelled to ₹3,49,412.
The top portfolio holdings include ICICI Bank, RIL, HDFC Bank, Infosys, TCS, SBI, Axis Bank, Bharti Airtel, L&T and Bajaj Finance.