HSBC Focused Fund vs Kotak Focused Fund
HSBC Focused Fund and Kotak Focused Fund are both Focused funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.89% vs +16.33%, 5-year CAGR +11.85% vs +12.12%, volatility 16.85% vs 15.17%, maximum drawdown −21.21% vs −36.33%. Their portfolios overlap by 36.7% (10 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Fund house | HSBC Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Focused | Focused |
| NAV | ₹29.5417 | ₹31.0260 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 29 Jul 2020 | 23 Jul 2019 |
| Track record | 6.3 yrs | 7.3 yrs |
| Fund size (AUM) | ₹1,751 Cr | ₹4,273 Cr |
| Securities held | 28 | 29 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Focused | Kotak Focused | |
|---|---|---|
| 1 month | +2.54% | +6.55% |
| 3 months | +0.03% | −0.79% |
| 6 months | +5.11% | +5.58% |
| 1 year | +8.64% | +7.11% |
| 3 years (CAGR) | +14.89% | +16.33% |
| 5 years (CAGR) | +11.85% | +12.12% |
| 7 years (CAGR) | — | +16.36% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +18.88% | +16.77% |
| SIP return (XIRR, 5 years) ⓘ | +13.40% | +13.86% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HSBC Focused | Kotak Focused | |
|---|---|---|
| 2026 (year to date) | +5.50% | +3.79% |
| 2025 | +3.01% | +14.64% |
| 2024 | +24.31% | +17.99% |
| 2023 | +30.90% | +24.48% |
| 2022 | −0.42% | +3.25% |
| 2021 | +31.94% | +36.51% |
Risk
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.85% | 15.17% |
| Downside volatility ⓘ | 12.00% | 10.47% |
| Sharpe ratio ⓘ | 0.50 | 0.65 |
| Sortino ratio ⓘ | 0.70 | 0.94 |
| Maximum drawdown ⓘ | −21.21% | −36.33% |
| Recovery from that fall | 12 months | 8 months |
| Current fall from peak | −2.80% | −0.88% |
| Rolling 1-year return: worst | −7.16% | −4.87% |
| Rolling 1-year return: median | +12.34% | +13.68% |
| Rolling 1-year return: best | +71.37% | +92.85% |
| Share of 1-year periods with a loss | 10.77% | 4.57% |
Against each fund's benchmark
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Beta ⓘ | 1.02 | 0.95 |
| Alpha (Jensen's, annualised) ⓘ | +3.22% | +3.77% |
| R² ⓘ | 86.37 | 96.40 |
| Upside capture | 112.53% | 106.71% |
| Downside capture | 99.62% | 88.17% |
| Tracking error | 6.38% | 2.98% |
| Information ratio | 0.53 | 1.35 |
| Treynor ratio | 6.92 | 8.14 |
Portfolio
Asset mix
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Equity | 96.46% | 95.80% |
| Cash & equivalents | 3.54% | 4.20% |
Market-cap split (share of fund assets)
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Large Cap | 45.70% | 58.56% |
| Mid Cap | 31.55% | 31.51% |
| Small Cap | 10.71% | 5.55% |
| Unclassified | 8.50% | 0.18% |
Concentration
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Top 10 holdings | 46.57% | 45.80% |
| Effective number of stocks ⓘ | 26.6 | 27.6 |
| Securities held | 28 | 29 |
Portfolio overlap: 36.7%
10 companies are held by both funds; by weight, 36.7% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HSBC Focused | Kotak Focused |
|---|---|---|
| ICICI Bank Limited | 7.78% | 6.89% |
| HDFC Bank Limited | 6.48% | 5.73% |
| Shriram Finance Limited | 4.35% | 4.66% |
| Eternal Limited | 3.66% | 5.41% |
| Reliance Industries Limited | 4.07% | 3.51% |
| GE Vernova T&D India Limited | 3.36% | 3.19% |
| KEI Industries Limited | 3.05% | 3.39% |
| Larsen & Toubro Limited | 4.30% | 2.36% |
| Blue Star Limited | 3.47% | 2.29% |
| Krishna Institute Of Medical Sciences Limited | 1.71% | 2.66% |
Top 10 holdings
HSBC Focused
- ICICI Bank Limited7.78%
- HDFC Bank Limited6.48%
- Shriram Finance Limited4.35%
- Larsen & Toubro Limited4.30%
- Multi Commodity Exchange of India Limited4.24%
- Reliance Industries Limited4.07%
- Shadowfax Technologies Limited4.00%
- TVS Motor Company Ltd.3.99%
- Infosys Limited3.69%
- Nippon Life India Asset Management Limited3.67%
Kotak Focused
- ICICI Bank Limited6.89%
- HDFC Bank Limited5.73%
- Eternal Limited5.41%
- State Bank of India4.90%
- Shriram Finance Limited4.66%
- Bharti Airtel Limited4.17%
- Divi's Laboratories Limited3.86%
- Reliance Industries Limited3.51%
- KEI Industries Limited3.39%
- Bharat Electronics Limited3.28%
Sector exposure
| HSBC Focused | Kotak Focused | |
|---|---|---|
| Banks | 16.79% | 17.52% |
| Finance | 6.83% | 10.22% |
| Electrical Equipment | 9.03% | 3.19% |
| Capital Markets | 7.91% | 3.14% |
| Healthcare Services | 7.01% | 5.75% |
| Consumer Durables | 6.63% | 5.21% |
| Automobiles | 6.31% | 5.68% |
| Aerospace & Defense | 0.00% | 6.17% |
| Retailing | 5.80% | 5.41% |
| IT - Software | 3.69% | 4.42% |
| Construction | 4.30% | 2.36% |
| Telecom - Services | 0.00% | 4.17% |
| Petroleum Products | 4.07% | 3.51% |
| Transport Services | 4.00% | 2.88% |
Questions people ask
What is the difference between HSBC Focused and Kotak Focused returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +8.64% vs +7.11%; 3-year CAGR +14.89% vs +16.33%; 5-year CAGR +11.85% vs +12.12%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HSBC Focused and Kotak Focused compare on risk?
Volatility (36 monthly returns, annualised) 16.85% vs 15.17%; Sharpe ratio 0.50 vs 0.65; Sortino ratio 0.70 vs 0.94; maximum drawdown −21.21% vs −36.33%; beta 1.02 vs 0.95.
How much do HSBC Focused and Kotak Focused overlap?
By weight, 36.7% of the two portfolios is invested in the same companies; 10 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Shriram Finance Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Focused and Kotak Focused?
HSBC Focused: large cap 45.7%, mid cap 31.6%, small cap 10.7%. Kotak Focused: large cap 58.6%, mid cap 31.5%, small cap 5.6% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.