ICICI Prudential Focused Equity Fund Direct-Growth
Description
The scheme seeks to generate long term capital appreciation by investing in concentrated portfolio of equity & equity related instruments of upto 30 companies.
The scheme seeks to generate capital appreciation by investing in a concentrated portfolio of equity and equity related securities of up to 30 companies across market capitalization i.e. focus on multicap.
Fund Manager
Sachin Relekar, Krishnaa Narayan
Vaibhav Dusad, Sharmila DSilva
AMC
Axis Mutual Fund
ICICI Prudential Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
32.3%
Moderate overlap
common holdings
32.3% of the combined portfolio weight is common between Axis Focused Direct Plan-Growth and ICICI Prudential Focused Equity Fund Direct-Growth.
10 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 8.00% of Axis Focused Direct Plan-Growth and 8.38% of ICICI Prudential Focused Equity Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
ICICI Bank Ltd.Axis Bank Ltd.HDFC Bank Ltd.TVS Motor Company Ltd.Eternal Ltd.Cholamandalam Investment and Finance Company Ltd.Hindustan Aeronautics Ltd.Bharti Airtel Ltd.
ICICI Prudential Focused Equity Fund Direct-Growth has delivered the higher 3-year CAGR (18.95% vs 11.35%). Axis Focused Direct Plan-Growth is the cheaper of the two with an expense ratio of 1.08% against 1.17%. ICICI Prudential Focused Equity Fund Direct-Growth manages the larger corpus at ₹17.01k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, ICICI Prudential Focused Equity Fund Direct-Growth returned 7.38% against 4.31% for Axis Focused Direct Plan-Growth; and over 3 years, ICICI Prudential Focused Equity Fund Direct-Growth leads with a 18.95% CAGR versus 11.35%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Axis Focused Direct Plan-Growth has the lower expense ratio at 1.08%, compared with 1.17% for ICICI Prudential Focused Equity Fund Direct-Growth — a difference of 0.09% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Axis Focused Direct Plan-Growth and ICICI Prudential Focused Equity Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 32.3%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Focused funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Axis Focused Direct Plan-Growth has a NAV of ₹66.00 and an AUM of ₹11.08k Cr, and was launched on 31 Dec 2012. ICICI Prudential Focused Equity Fund Direct-Growth has a NAV of ₹112.19 and an AUM of ₹17.01k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
