Focused Mutual Funds: Only 4 Schemes Delivered 15%+ 5-Year SIP Returns

Focused Mutual Funds: Only 4 Schemes Delivered 15%+ 5-Year SIP Returns

Only four focused mutual fund schemes delivered more than 15% five-year SIP returns, according to data from Value Research as of August 19, 2026.

Invesco India Focused Fund topped the five-year SIP return chart with 18.33%, followed by ICICI Prudential Focused Equity Fund at 16.73%.

HDFC Focused Fund and SBI Focused Fund were the other two schemes to cross the 15% mark.

The five-year SIP returns across the focused fund category ranged from 7.92% to 18.33%, highlighting a significant difference in historical performance.

What Are Focused Mutual Funds?

Focused funds are equity mutual fund schemes that invest in a concentrated portfolio of up to 30 stocks.

Unlike diversified equity funds, which generally spread investments across a larger number of companies, focused funds allow fund managers to hold higher-conviction positions in a limited number of stocks.

Because of this concentrated approach, the performance of individual holdings can have a larger impact on the overall portfolio.

Only Four Focused Funds Crossed 15%

Invesco India Focused Fund recorded the highest five-year SIP return at 18.33%.

The four schemes that crossed the 15% mark were

Invesco India Focused Fund — 18.33%

ICICI Prudential Focused Equity Fund — 16.73%

HDFC Focused Fund — 16.18%

SBI Focused Fund — 15.27%

Source: Value Research. Data as of August 19, 2026.

HSBC Focused Fund came close to the 15% level with a five-year SIP return of 14.97%.

Kotak Focused Fund recorded 14.89%, while Motilal Oswal Focused Fund delivered 14.82%.

Other Focused Funds

Quant Focused Fund recorded a five-year SIP return of 13.98%, while Mahindra Manulife Focused Fund delivered 13.65%.

DSP Focused Fund and Bandhan Focused Fund recorded returns of 13.21% and 13.17%, respectively.

Aditya Birla Sun Life Focused Fund delivered 12.66%, while Nippon India Focused Fund recorded 11.14%.

At the lower end of the five-year return range, Mirae Asset Focused Fund delivered 7.92%.

Franklin India Focused Equity Fund recorded 9.01%, while Axis Focused Fund delivered 9.15%.

The difference between the highest and lowest five-year SIP returns was therefore 10.41 percentage points.

India's Largest Focused Fund Isn't the Top Performer

SBI Focused Fund is the largest scheme in the category by net assets, with approximately ₹50,041 crore.

However, its five-year SIP return of 15.27% placed it fourth among the schemes that crossed the 15% threshold.

HDFC Focused Fund was the second-largest scheme, with net assets of approximately ₹27,925 crore, and delivered a five-year SIP return of 16.18%.

ICICI Prudential Focused Equity Fund had approximately ₹17,764 crore in assets and delivered 16.73%.

Invesco India Focused Fund had net assets of around ₹6,065 crore, but recorded the highest five-year SIP return at 18.33%.

This data shows that a larger asset base does not automatically translate into higher historical SIP returns.

Focused Funds: Assets vs 5-Year SIP Returns

For easy reading, the key data is listed below

SBI Focused Fund

Net assets: ₹50,041 crore

5-year SIP return: 15.27%

HDFC Focused Fund

Net assets: ₹27,925 crore

5-year SIP return: 16.18%

ICICI Prudential Focused Equity Fund

Net assets: ₹17,764 crore

5-year SIP return: 16.73%

Invesco India Focused Fund

Net assets: ₹6,065 crore

5-year SIP return: 18.33%

Source: Value Research. Data as of August 19, 2026.

Large Funds With Lower Historical Returns

The difference between fund size and historical SIP performance is also visible among several other schemes.

Franklin India Focused Equity Fund had approximately ₹11,510 crore in net assets but recorded a five-year SIP return of 9.01%.

Axis Focused Fund had around ₹11,315 crore in assets and delivered 9.15%.

Aditya Birla Sun Life Focused Fund had approximately ₹8,017 crore in assets and recorded 12.66%.

Nippon India Focused Fund had around ₹8,530 crore in assets and delivered 11.14%.

The figures indicate that fund size alone may not be sufficient to assess historical SIP performance.

Three-Year and Five-Year Returns Tell Different Stories

The three-year SIP return ranking was different from the five-year ranking.

Motilal Oswal Focused Fund recorded the highest three-year SIP return among the funds listed, at 16.53%.

However, its five-year SIP return stood at 14.82%, keeping it below the 15% five-year group.

SBI Focused Fund delivered 14.92% over three years compared with 15.27% over five years.

Invesco India Focused Fund recorded 14.08% over three years but led the five-year period at 18.33%.

ICICI Prudential Focused Equity Fund delivered 11.96% over three years and 16.73% over five years.

HDFC Focused Fund recorded 9.82% over three years and 16.18% over five years.

Three-Year vs Five-Year SIP Returns

Motilal Oswal Focused Fund

3-year: 16.53%

5-year: 14.82%

SBI Focused Fund

3-year: 14.92%

5-year: 15.27%

Invesco India Focused Fund

3-year: 14.08%

5-year: 18.33%

ICICI Prudential Focused Equity Fund

3-year: 11.96%

5-year: 16.73%

HDFC Focused Fund

3-year: 9.82%

5-year: 16.18%

Source: Value Research. Data as of August 19, 2026.

ITI Focused Fund delivered a three-year SIP return of 14.52%, but it did not have a five-year return in the reported data because it does not yet have a complete five-year track record.

What the Data Shows

The performance data highlights the importance of considering different investment periods when evaluating equity mutual funds.

A fund that has performed strongly over three years may not necessarily rank at the top over five years.

Similarly, a fund with a large asset base does not automatically have the highest historical SIP return.

For focused funds in particular, the concentrated portfolio structure can make individual stock selection and portfolio management important contributors to performance.

Key Takeaways

Only four focused mutual funds recorded five-year SIP returns above 15%.

Invesco India Focused Fund topped the five-year chart at 18.33%.

ICICI Prudential Focused Equity Fund followed at 16.73%.

HDFC Focused Fund delivered 16.18%, while SBI Focused Fund recorded 15.27%.

The overall five-year SIP return range was 7.92% to 18.33%.

SBI Focused Fund was the largest scheme by assets, but Invesco India Focused Fund recorded the highest five-year SIP return.

Historical SIP returns should be evaluated across multiple time periods rather than relying on a single performance figure.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The information presented is based on publicly available information and data attributed to Value Research as mentioned in the source.

Historical returns do not guarantee future performance.

Nothing in this article should be interpreted as a buy, sell, hold, entry, exit, target or stop-loss recommendation from TrendRipperX.

Readers should conduct their own independent research and consult a SEBI-registered financial professional before making any investment decision.