The HDFC Focused 30 Fund is an open-ended equity mutual fund that invests in a concentrated portfolio of up to 30 companies across various market capitalizations. Its primary objective is to generate long-term capital appreciation by investing in equity and equity-related instruments.
Fund Overview
- Fund Type: Open-ended equity scheme
- Launch Date: September 17, 2004
- Fund Manager: Roshi Jain (since July 2022)
- Benchmark: Nifty 500 Total Return Index
- Risk Level: Very High
- Investment Objective: To generate long-term capital appreciation by investing in a maximum of 30 companies across large-cap, mid-cap, and small-cap segments .
- Exit Load: 1% if redeemed within 1 year
- Lock-in Period: None
Investment Details
Minimum Investment:
- Lump Sum: ₹100
Expense Ratio:
- Regular Plan: 1.69%
Who is the Fund Managers of HDFC Focused 30 Fund?
As of April 2025, the HDFC Focused 30 Fund is managed by two experienced fund managers:
Roshi Jain
- Tenure: Managing the fund since January 13, 2022
- Qualifications: Chartered Financial Analyst (CFA), Associate Chartered Accountant (ACA), and Post Graduate Diploma in Management (PGDM)
- Professional Background: Prior to joining HDFC Asset Management Company, Roshi Jain worked with Franklin Templeton Investments, Goldman Sachs (London and Singapore), Wipro Ltd., and S. R. Batliboi & Co.
Dhruv Muchhal
- Tenure: Serving as the dedicated fund manager for overseas investments since June 22, 2023
- Qualifications: Bachelor of Commerce (B.Com), Chartered Accountant (CA), and Chartered Financial Analyst (CFA)
- Professional Background: Before joining HDFC Mutual Fund, Dhruv Muchhal held positions at Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics, and Deloitte Haskins & Sells
HDFC Focused 30 Fund Share Price
As of April 12, 2025, the Net Asset Value (NAV) of the HDFC Focused 30 Fund is as follows:
- Regular Plan (Growth Option): ₹206.49 (as of April 9, 2025)
Investment Strategy
The fund focuses on investing in companies with strong growth drivers, competitive positioning, and robust management. It emphasizes corporate governance, ESG considerations, and valuations that offer a reasonable margin of safety. The stock selection is strategic and long-term in nature .
Conclusion
The HDFC Focused 30 Fund stands out for its consistent performance and focused investment approach. However, potential investors should be mindful of the inherent concentration and sector risks. It’s best suited for those willing to accept higher volatility in pursuit of superior long-term returns.
HDFC Focused 30 fund Portfolio
As of February 28, 2025, the HDFC Focused 30 Fund maintains a concentrated portfolio comprising 29 stocks, with a significant emphasis on large-cap companies. Here’s a detailed breakdown of its holdings:
Top 10 Holdings
| Company Name | Sector | Allocation (%) |
| HDFC Bank Ltd. | Financial Services | 9.69% |
| ICICI Bank Ltd. | Financial Services | 8.92% |
| Axis Bank Ltd. | Financial Services | 8.90% |
| Maruti Suzuki India Ltd. | Automobile | 4.81% |
| Kotak Mahindra Bank Ltd. | Financial Services | 4.29% |
| SBI Life Insurance Co. Ltd. | Insurance | 4.15% |
| Cipla Ltd. | Healthcare | 3.81% |
| HCL Technologies Ltd. | Technology | 3.76% |
| Bharti Airtel Ltd. | Communication | 3.54% |
| Tata Steel Ltd. | Metals & Mining | 2.92% |
Sector Allocation
| Sector | Allocation (%) |
| Financial Services | 39.51% |
| Consumer Cyclical | 20.93% |
| Healthcare | 9.82% |
| Technology | 3.76% |
| Communication | 3.54% |
| Metals & Mining | 2.92% |
Asset Allocation
- Equity: 85.04%
- Debt: 0.33%
- Cash & Others: 14.63%
Investment Strategy
The fund adopts a focused investment approach, limiting its holdings to a maximum of 30 companies. It emphasizes investing in businesses with strong growth drivers, competitive advantages, and robust management teams.
The strategy involves a mix of well-established large-cap companies (core holdings) and select mid- and small-cap companies (satellite holdings) that offer higher return potential. The fund also considers factors like corporate governance, ESG sensitivity, and valuation metrics to ensure a reasonable margin of safety.
HDFC Focused 30 Fund Returns
| Investment Period | Fund Return | Category Average | Fund Rank in Category |
| 1 Month | 1.29% | 0.67% | 29 |
| 3 Months | -1.45% | -8.07% | 1 |
| 6 Months | -6.24% | -13.49% | 2 |
| 1 Year | 16.66% | 8.96% | 5 |
| 3 Years | 22.31% | 13.31% | 1 |
| 5 Years | 31.40% | 22.65% | 1 |
Key Highlights
- Consistent Outperformance: The fund has consistently outperformed its category averages, especially over the 3- and 5-year periods, securing top ranks within its category.
- Strong Long-Term Growth: With a 5-year CAGR of 31.40%, the fund has delivered substantial long-term growth, making it an attractive option for investors seeking capital appreciation.
- Recent Volatility: While the fund experienced some short-term volatility, as indicated by the negative returns over the 3- and 6-month periods, it still managed to outperform the category averages during these times.
HDFC Focused 30 Fund Dividend History
The HDFC Focused 30 Fund offers an Income Distribution cum Capital Withdrawal (IDCW) option, previously known as the Dividend Option. This plan provides periodic payouts to investors, typically on an annual basis.
Dividend History
| Declaration Date | Dividend per Unit (₹) |
| February 13, 2025 | 2.25 |
| February 15, 2024 | 2.25 |
| February 17, 2022 | 2.00 |
| February 18, 2021 | 1.75 |
| February 20, 2020 | 1.75 |
| February 21, 2019 | 1.75 |
| February 22, 2018 | 2.25 |
| March 1, 2017 | 2.00 |
| February 25, 2016 | 2.00 |
| February 20, 2015 | 2.00 |
| February 19, 2015 | 2.00 |
| February 20, 2014 | 1.50 |
| February 15, 2013 | 2.00 |
| February 14, 2013 | 2.00 |
Key Considerations
- Payout Frequency: Historically, the fund has followed an annual dividend payout schedule, usually in February.
- Dividend Amounts: The per-unit dividend has varied over the years, reflecting the fund’s earnings and distributable surplus.
- Tax Implications: Dividends received are added to the investor’s income and taxed as per the applicable income tax slab.
HDFC Focused 30 fund – Regular Growth
As of April 12, 2025, the HDFC Focused 30 Fund – Regular Growth Plan presents the following key details:
Performance Snapshot
| Investment Period | Fund Return | Category Average | Fund Rank in Category |
| 1 Month | 0.60% | -0.71% | 5 / 28 |
| 3 Months | -3.00% | -8.40% | 1 / 28 |
| 6 Months | -6.33% | -13.96% | 1 / 28 |
| 1 Year | 9.14% | -0.30% | 1 / 28 |
| 3 Years | 19.58% | 10.86% | 1 / 25 |
| 5 Years | 29.84% | 21.13% | 1 / 20 |
| Since Inception | 15.86% | 13.45% | 4 / 27 |
Portfolio Allocation (as of February 28, 2025)
- Equity: 85.04%
- Debt: 0.33%
- Cash & Others: 14.63%
Strengths of HDFC Focused 30 Fund
1) Strong Long-Term Performance
- Delivered a 5-year CAGR of ~29.84% (Regular Growth plan), outperforming category and benchmark returns consistently.
- Especially solid during volatile market phases.
2) Focused Strategy with High Conviction Bets
- Holds a concentrated portfolio (max 30 stocks), allowing deeper research and conviction-based investing in high-quality businesses.
3) Financial Sector Dominance
- Significant allocation to top-performing financial institutions like HDFC Bank, ICICI Bank, Axis Bank, which have strong fundamentals.
4) Experienced Fund Management
- Managed by Roshi Jain and Dhruv Muchhal, seasoned professionals with backgrounds at Goldman Sachs, Franklin Templeton, and Deloitte.
5) Consistent Dividends (IDCW)
- Regular annual dividend payouts for income-seeking investors (though NAVs get adjusted accordingly).
6) Disciplined Stock Selection
- Strong focus on quality stocks with favorable valuation, ESG metrics, and long-term growth potential.
Risks of HDFC Focused 30 Fund
1) Concentration Risk
- Due to its limited number of holdings, the fund carries higher risk from underperformance of a few key stocks.
2) Low International Diversification
- Primarily focused on Indian equities, making it vulnerable to domestic economic or political disruptions.
3) Expense Ratio (Regular Plan)
- Slightly higher expense ratio (~1.68%), which can eat into returns over the long term compared to direct plans.
4) Short-Term Volatility
- Performance can be more volatile in the short term due to its focused strategy (e.g., recent 6-month return: -6.33%).
5) Requires Patience
- Best suited for investors with a high-risk appetite and long-term investment horizon (ideally 5+ years).
6) Exit Load
- 1% exit load if redeemed within 1 year, which may affect short-term liquidity.
Ideal for You If:
- You’re a long-term investor (5+ years).
- You’re comfortable with short-term volatility.
- You want exposure to high-quality Indian companies with a focused, research-driven strategy.
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