Tata Focused Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Tata Focused Fund Direct Growth Plan currently has a NAV of ₹24.4069 as of 15 September 2026 and an AUM of ₹1,755 Cr. Its 1-year, 3-year and 5-year returns are -3.64%, 8.84% and 9.79% respectively. The fund sits in the High Risk category, so our view is that it fits investors who can tolerate sharp swings and want a focused equity portfolio rather than a broad, smoother market-style exposure.

Recent performance has been weak, but the longer track record is more balanced. The portfolio is concentrated, with banks, IT, telecom, healthcare, power and consumer-facing names all playing a visible role, so the fund may move differently from the benchmark over time.

Quick facts

Particular	Details
NAV	₹24.4069 as of 15 Sep 2026
AUM	₹1,755 Cr
Expense Ratio	0.64%
Launch Date	05 Dec 2019
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 30D, Nil after 30D
Fund Managers	Anand Sharma, Hasmukh Vishariya

The fund is managed by Anand Sharma and Hasmukh Vishariya.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.56%	-4.81%
3M	-3.99%	-3.63%
1Y	-3.64%	-8.27%
3Y	8.84%	5.59%
5Y	9.79%	5.58%

Recent numbers show a softer run. The fund has been negative over 1 month, 3 months and 1 year, which tells us that the recent stretch has been difficult even though the 1-year figure is still better than the benchmark’s deeper decline.

At the same time, the 3-year and 5-year figures remain ahead of the benchmark. That gap matters because it suggests the strategy has created value over a longer period even after a weaker near-term phase.

The pattern in the return path is not smooth. There was a clear build-up over the middle part of the 3-year and 5-year windows, followed by a more uneven phase later on, so investors have had to accept meaningful volatility alongside periods of strong compounding.

Compared with the Nifty 50, the fund has shown a very different short-term profile but a better medium- to long-term result. Our reading is that this is a fund where the longer holding period has mattered more than the latest quarter or year.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Tata Focused?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Tata Focused Fund Direct Growth Plan	-3.64%	8.84%	9.79%
Motilal Oswal Focused Fund Direct Growth Plan	22.84%	13.21%	10.13%
Old Bridge Focused Fund Direct Growth Plan	14.09%	Data not available	Data not available
SBI Focused Fund Direct Growth Plan	12.8%	15.38%	12.15%
Quant Focused Fund Direct Growth Plan	11.1%	12.62%	13.61%
ITI Focused Fund Direct Growth Plan	7.42%	16.93%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the 1-year measure, the fund trails the stronger peer outcomes and is one of the weaker recent performers in this set. The 3-year and 5-year numbers are more respectable, but the available peer figures still show that several peers have been stronger over those horizons as well. That means the short-term story is clearly different from the longer-term story, and the fund’s appeal rests more on its longer record than on its latest year.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd	Bank	7.72%
HDFC Bank Ltd	Bank	7.02%
Axis Bank Ltd	Bank	6.18%
Ultratech Cement Ltd	Construction Materials	5.04%
Reliance Industries Ltd	Crude Oil	4.9%
Infosys Ltd	IT	4.25%
Bharti Airtel Ltd	Telecom	4.22%
Healthcare Global Enterprises Ltd	Healthcare	4.22%
NTPC Ltd	Power	4.17%
Mahindra & Mahindra Ltd	Automobile & Ancillaries	4.04%

The top 10 holdings account for approximately 51.76% of the portfolio.

To see all holdings, visit the Tata Focused Fund Direct Growth Plan page

The largest holding, ICICI Bank Ltd, stands at 7.72%, which is a meaningful single-stock position but not an extreme one on its own. The gap from the first holding to the tenth holding is moderate rather than abrupt, because the list remains populated by several holdings in the 4% to 7% range.

That pattern suggests the portfolio may be concentrated in a handful of influential positions while still keeping room for a broader set of contributors. With 30 total disclosed holdings and the top 10 accounting for 51.76%, the fund could experience noticeable stock-specific influence without being driven by just one or two names.

The sector spread in the top holdings also points to a mix of financials, infrastructure-linked businesses, technology, telecom, healthcare, power and autos. That spread may help balance the portfolio, but the fund still looks focused enough that individual positions can matter materially.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are comfortable with a focused equity style. The 1-year decline alongside stronger 3-year and 5-year returns suggests that patience has mattered more than short-term timing.

It may appeal to investors with a medium- to long-term horizon who are willing to accept uneven performance in exchange for the possibility of stronger compounding than the benchmark over time. The main trade-off is clear: the portfolio can outperform over longer stretches, but it may also go through weak periods that test discipline.

Because the holdings are concentrated and the portfolio leans heavily on a few large positions, this is better suited to investors who are already comfortable with equity volatility rather than those seeking steadier market-like movement.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 0.50% if units are sold within 30 days; no exit load after 30 days.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Tata Focused Fund Direct Growth Plan?
The current NAV is ₹24.4069 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are -3.64% over 1 year, 8.84% over 3 years and 9.79% over 5 years.

How does the fund compare with the benchmark?
It is ahead of the Nifty 50 over 3 years and 5 years, while its 1-year return is less negative than the benchmark’s 1-year decline.

How does it compare with peer funds on recent returns?
Its 1-year return is weaker than several peers in the comparison set, while its 3-year and 5-year figures are also behind some of the stronger peer outcomes where those data are available.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.

What risk profile and exit load should investors note?
The fund is classified as High Risk. The exit load is 0.50% if units are sold within 30 days, and there is no exit load after 30 days.

Bottom line

Tata Focused Fund Direct Growth Plan has a mixed recent record but a better longer-term showing. The 1-year figure is weak, yet the 3-year and 5-year returns still hold above the benchmark, which means the fund’s longer holding-period case is stronger than its latest year. Peer data tell a similar story: the fund does not stand out on recent performance, and several peers have been stronger where figures are available. The concentrated portfolio and High Risk label make it suitable only for investors who can live with volatility and stay invested long enough for the longer-term pattern to matter.

Published on 16 September 2026 at 2:03 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.