From Nippon India to Mirae Asset, focus funds shine in market rebound

Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks

The sharp surge in the equity markets in the past year has propelled returns for most equity funds, barring large-cap schemes. Within equity schemes, focused funds have given even better returns.

Several focused equity funds — that invest in a smaller basket of stocks —have given one-year returns in the range of 75-100 per cent. In comparison, the Sensex is up 63 per cent.

The data from Value Research shows that Nippon India Focused Equity Fund and Mirae Asset Focused Fund have given returns of 101.60 per cent and 88 per cent, respectively, in the past year.

According to Securities and Exchange Board