Nippon India Focused Fund
Direct · GrowthAI Summary
Nippon India Focused Fund has delivered strong SIP returns across horizons, with a 3Y XIRR of 16.64% and 5Y XIRR of 15.78%, beating the category averages of 16.40% and 15.29% respectively. Against the NIFTY 50, the fund has generated consistent positive alpha, including 4.39% over 3Y and 5.87% over 7Y, while its lump-sum CAGR of 12.04% (3Y) comfortably exceeds the benchmark's 7.75%. Long-term performance remains solid, with a 12Y XIRR of 15.77% versus the category's 15.27%.
The fund exhibits a beta below 1 across all periods (0.89-1.01), with downside capture consistently under 95%, indicating it falls less than the NIFTY 50 in declining markets. It has experienced 9 drawdown events exceeding 10%, with the maximum drawdown lasting 798 days and taking 254 days to recover, which highlights meaningful downside episodes despite favorable capture ratios. Risk-adjusted returns are respectable, with Calmar ratios of 0.40 (3Y) and 0.38 (5Y) reflecting a reasonable return-to-drawdown trade-off.
The portfolio is concentrated with only 26 holdings, and the top three positions are all banks — ICICI Bank (8.93%), HDFC Bank (8.14%), and Axis Bank (6.58%) — giving Banks a dominant 27.7% sector weight. Retailing (11.7%) and Finance (7.7%) round out the top exposures, with meaningful positions in Infosys, Eternal, and Trent. This focused, financials-heavy structure amplifies both the potential upside and the sector-specific risk.
The fund outperforms the category average SIP XIRR across every displayed horizon, from 22.65% vs 17.03% over 1Y to 15.77% vs 15.27% over 12Y, demonstrating consistent relative strength. Its persistent alpha over the NIFTY 50 across 1Y to 15Y windows further supports a favorable peer positioning. Calendar year returns show strong up-year performance (81.45% in 2014, 42.85% in 2017, 36.46% in 2021) but also a sharp -11.83% in 2018, reflecting typical focused-fund volatility.
This fund suits investors with a high risk tolerance seeking concentrated, high-conviction equity exposure, ideally with a horizon of 5-7 years or more to ride out drawdowns like the 798-day maximum drawdown period. It is appropriate for those comfortable with heavy banking sector concentration (27.7%) and the higher volatility inherent in a 26-stock focused portfolio. Investors wanting broad diversification or low drawdowns should consider multi-cap or index alternatives instead.
- Consistent outperformance versus category average SIP XIRR across all horizons from 1Y to 12Y
- Persistent positive alpha over NIFTY 50 across every measured period, including 5.87% over 7Y
- Favorable downside capture (below 95% in all periods) with beta under 1, cushioning market declines
- Heavy sector concentration in Banks at 27.7% of the portfolio, with the top three holdings all banks
- Nine drawdown events exceeding 10%, with the maximum drawdown lasting 798 days, indicating prolonged recovery periods
Generated on 04-09-2026, 2:49 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.81 L | 22.7% | -62.0% | 142.9% |
| 3 Years | ₹36.00 L | ₹46.08 L | 16.6% | -26.5% | 39.9% |
| 5 Years | ₹60.00 L | ₹91.46 L | 15.8% | -11.6% | 29.9% |
| 7 Years | ₹84.00 L | ₹1.50 Cr | 15.8% | -0.7% | 22.5% |
| 10 Years | ₹1.20 Cr | ₹2.79 Cr | 16.2% | 12.5% | 19.1% |
| 12 Years | ₹1.44 Cr | ₹3.99 Cr | 15.8% | 12.8% | 18.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 22.7% | 14.4% | 17.0% | +8.3% |
| 3 Years | 16.6% | 11.1% | 16.4% | +5.6% |
| 5 Years | 15.8% | 10.4% | 15.3% | +5.4% |
| 7 Years | 15.8% | 10.6% | 15.2% | +5.2% |
| 10 Years | 16.2% | 11.5% | 15.8% | +4.8% |
| 12 Years | 15.8% | 11.4% | 15.3% | +4.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.3% | 12.6% | -36.4% | 121.8% | 0.54 | 2.15 | 87% | — | — |
| 3 Years | 17.4% | 16.6% | -9.0% | 41.6% | 1.19 | 4.71 | 96% | — | — |
| 5 Years | 16.6% | 16.1% | -1.2% | 31.1% | 1.59 | 12.79 | 100% | — | — |
| 10 Years | 16.9% | 16.4% | 12.6% | 21.9% | 3.99 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.05 | 1.01 | 103.4% | 94.1% | 4.0% | -2.9% |
| 3 Years | +4.38 | 0.92 | 95.9% | 89.8% | 12.0% | 7.8% |
| 5 Years | +4.54 | 0.94 | 95.2% | 89.3% | 12.3% | 7.8% |
| 7 Years | +5.87 | 0.93 | 96.3% | 90.3% | 17.3% | 11.8% |
| 10 Years | +3.10 | 0.94 | 95.8% | 91.9% | 13.6% | 10.8% |
| 12 Years | +5.02 | 0.93 | 94.8% | 88.7% | 14.6% | 9.8% |
| 15 Years | +5.36 | 0.89 | 93.1% | 86.1% | 14.7% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 8.92% |
| 2 | HDFC Bank Limited | 7.77% |
| 3 | Axis Bank Limited | 7.59% |
| 4 | Infosys Limited | 6.19% |
| 5 | Reliance Industries Limited | 4.21% |
| 6 | Eternal Limited | 4.08% |
| 7 | Trent Limited | 3.90% |
| 8 | Hindustan Aeronautics Limited | 3.81% |
| 9 | Bajaj Finserv Limited | 3.50% |
| 10 | SBI Cards and Payment Services Limited | 3.49% |