Contents
Returns vs category
3 years: 17.21% a year, 3rd of 27 focused funds
Direct-Growth plan, a year, to 9 November 2026, from AMFI NAVs. Ranks and averages cover the 28 focused funds AMFI lists that are old enough for each period.
Year by year
Ahead of the category average in 6 of the last 10 calendar years
- 2016+3.4%avg +6.7%
- 2017+40.3%avg +39.0%
- 2018−13.7%avg −5.8%
- 2019+4.6%avg +12.7%
- 2020+5.2%avg +17.3%
- 2021+41.8%avg +34.1%
- 2022+19.9%avg +2.5%
- 2023+31.3%avg +28.0%
- 2024+25.4%avg +21.0%
- 2025+12.1%avg +6.0%
- 2026to 9 Nov+2.6%avg +4.2%
Calendar-year returns of the Direct-Growth plan. The average covers today’s focused funds that had a full year then.
3-year returns
3-year returns since 2013 ranged from −11.2% to 41.6% a year
- Lowest
- −11.2%
- to March 2020
- Middle
- +16.9%
- Highest
- +41.6%
- to March 2023
Every 3-year holding period ending on a NAV day from 1 January 2016 to 9 November 2026 (2,675 periods), annualised.
Worst fall
Worst fall: 45.6% (Jan 2018–Mar 2020), back at its high 10 months later
- High
- 8 Jan 2018
- Low
- 23 Mar 2020
- Back at the high
- 2 Feb 2021
- Now
- At its high
Fall from the highest NAV to the lowest that followed, on daily direct plan NAVs since 1 January 2013.
Cost
The regular plan costs 0.88% a year more: about ₹2.20 lakh on ₹10 lakh over 10 years
₹10 lakh invested once and held 10 years, assuming 12% a year before costs (an assumption, not a forecast). Expense ratios as disclosed on 8 November 2026. Try your own numbers in the fee calculator.
Size and facts
₹27,716 crore of assets: the 2nd largest of 28 focused funds
- Average assets, July–September 2026
- ₹27,716 crore
- Fund house
- HDFC Mutual Fund
- Category
- Focused
Genvest AI score
Genvest AI score 48 out of 100, ranked 15 of 28
Ranked 15 of 28 focused funds
Two of the things the score looks at, against other focused funds:
- Holding up in fallsDeeper or longer falls than most focused funds
- How bad the bad days wereBad days about in line with other focused funds
The Genvest AI score is Genvest’s proprietary score that ranks mutual funds within their category using quantitative methods. It is not a recommendation to buy, sell or hold any fund.
Scored on data to 6 November 2026, among the 28 focused funds Genvest scores. How the score works.
Similar funds
Other focused funds of a similar size
- SBI Focused Fund3 years 16.79% a year · expense ratio 0.83%
- ICICI Prudential Focused Fund3 years 18.66% a year · expense ratio 1.09%
- Franklin India Focused Equity Fund3 years 9.37% a year · expense ratio 1.17%
- Axis Focused Fund3 years 11.43% a year · expense ratio 0.99%
Questions people ask
₹278.9400 on 9 November 2026, as published by AMFI, up 0.45% from 6 November 2026. Fund houses publish a NAV for every business day. The regular plan and the IDCW options have NAVs of their own; the regular plan’s grows more slowly because its expense ratio is higher.
To 9 November 2026, the direct plan returned 3.80% over 1 year, 17.21% over 3 years, 17.01% over 5 years (a year, annualised beyond one year). These are AMFI NAV returns of the Direct-Growth plan; the regular plan’s are lower by roughly the difference in expense ratios. Past returns do not guarantee future returns.
Over 1 year it ranked 14th of 28, against a category average of 5.28%. Over 3 years it ranked 3rd of 27, against a category average of 13.95%. Over 5 years it ranked 1st of 25, against a category average of 10.76%. Ranks compare the direct plans of the focused funds AMFI lists today, by return; they are not ratings.
As disclosed on 8 November 2026, the total expense ratio is 0.83% a year for the direct plan and 1.71% for the regular plan. The 0.88% gap is mostly the distributor’s commission. On ₹10 lakh held for 10 years at an assumed 12% a year before costs, the direct plan would end about ₹2.20 lakh ahead.
Its direct plan NAV fell 45.6% from its high on 8 January 2018 to 23 March 2020, and was back at that high on 2 February 2021. On 9 November 2026 it was at its highest NAV.
Its average assets in July–September 2026 were ₹27,716 crore, across all plans, per AMFI: the 2nd largest of 28 focused funds.
48 out of 100 as of 6 November 2026, ranking it 15 of the 28 focused funds Genvest scores. The Genvest AI score is Genvest’s proprietary score that ranks mutual funds within their category using quantitative methods. It is not a recommendation to buy, sell or hold any fund.
That depends on your goals, how long you can stay invested and what else you hold, which this page cannot know. What the data shows: its returns against other focused funds, how far it has fallen, and what it costs. Its rank changes from year to year, so look at several periods rather than one, and at how a fall like its worst would feel for your money. This is education, not a recommendation to buy, sell or hold.
Related
This page is educational research based on AMFI data and Genvest’s own analysis. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not guarantee future returns. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.