MOATNOMICS Audit the Asset. Protect the Allocator.
Home › Mutual Funds › HDFC_FOCUSED_DIR
Focused Fund SEBI Risk: Very High AMC: HDFC Mutual Fund

HDFC Focused 30 Fund - Direct Plan - Growth

Benchmark: NIFTY 500 TRI • Manager: Roshi Jain • Portfolio Date: 2026-09-30
Composite Health Score
87.0/100
INSTITUTIONAL_ALPHA
🔒 Deep Dive

Look-Through Forensics & Audit Narrative

The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.

  • Weighted moat score and the top compounder holdings
  • Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
  • Weighted margin of safety: is the portfolio at a DCF discount or premium
  • The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme

01: Dual-Sleeve Constituent Decomposition

Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 50.5% (Score: 82.0) Debt: 0.0% (Score: 0.0) Cash / TREPS: 19.5%
Identifier Security Name Type Weight Sector / Rating Engine Score Diagnostic Notes
TREPS TREPS Reserves CASH_EQUIVALENT 19.5% CASH 100.0 Liquid Cash / Sovereign Collateral
ICICIBANK ↗ ICICI Bank Ltd EQUITY 9.8% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
HDFCBANK ↗ HDFC Bank Ltd EQUITY 9.2% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
AXISBANK ↗ Axis Bank Ltd EQUITY 7.5% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
INFY ↗ Infosys Ltd EQUITY 6.9% IT Services 82.0 Verified 7-Pillar Equity Dossier Available
RELIANCE ↗ Reliance Industries Ltd EQUITY 6.2% Energy & Petrochemicals 82.0 Verified 7-Pillar Equity Dossier Available
BHARTIARTL ↗ Bharti Airtel Ltd EQUITY 5.8% Telecom 82.0 Verified 7-Pillar Equity Dossier Available
LT ↗ Larsen & Toubro Ltd EQUITY 5.1% Infrastructure 82.0 Verified 7-Pillar Equity Dossier Available

02: True Diversification & Active Share

Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
70.5%
TRUE_ACTIVE_ALPHA

High Active Share: Portfolio significantly deviates from the passive benchmark, justified active fee.

Top 10 Holdings Concentration: 70.0%

03 & 04: Risk-Adjusted Alpha & Downside Capture

Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
1.9
Downside Risk Only
Downside Capture
67.0%
Benchmark: ≤ 75%
Capture Spread
+36.0%
UCR (103.0%) - DCR
Hurst Exponent (H)
0.62
Persistent Momentum
3-Year Rolling Return Consistency: 82.0% of windows

05: Intermediary Fee Drag & Wealth Destruction

Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
83.0 bps / yr (1.48% - 0.65%)
Time Horizon Direct Plan Value (Net) Regular Plan Value (Net) Cumulative Wealth Lost Percentage Corpus Destroyed
5 Years ₹1,711,792 ₹1,648,938 -₹62,854 3.7%
10 Years ₹2,930,233 ₹2,718,997 -₹211,236 7.2%
15 Years ₹5,015,951 ₹4,483,458 -₹532,493 10.6%
20 Years ₹8,586,268 ₹7,392,946 -₹1,193,322 13.9%

💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹211,236 over 10 years purely to distributor commissions in the Regular plan.

← Back to Mutual Funds Screener Check Overlap with Another Fund →
Forensic Desk ⌘K