COMPARE
ICICI Prudential Focused Fund - Direct Plan - Growth vs JM Focused Fund (Direct) - Growth Option
ICICI Prudential Focused Fund and JM Focused Fund (Direct) are both in the Focused Fund category, from ICICI Prudential Asset Management Company Limited and JM Financial Asset Management Limited respectively. JM Focused Fund (Direct) has posted a higher 3-year rolling CAGR. ICICI Prudential Focused Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Focused Fund has the lower direct-plan expense ratio, by 0.08 percentage points.
| ICICI Prudential Focused Fund - Direct Plan - Growth | JM Focused Fund (Direct) - Growth Option | |
|---|---|---|
| Category | Focused Fund | Focused Fund |
| AMC | ICICI Prudential Asset Management Company Limited | JM Financial Asset Management Limited |
| Benchmark | BSE 500 TRI | BSE 500 TRI |
| NAV | ₹104.03 (2026-10-28) | ₹22.232 (2026-10-28) |
| AUM | ₹17,108.898 Cr | ₹262.694 Cr |
| Expense Ratio (Direct) | 1.17% | 1.25% |
| Inception | 2009-04-15 | 2008-01-14 |
Returns
JM Focused Fund (Direct) leads on 3-year rolling CAGR (16.8% vs ICICI Prudential Focused Fund's 16.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
JM Focused Fund (Direct) has been the more volatile of the two by standard deviation.
| ICICI Prudential Focused Fund - Direct Plan - Growth | JM Focused Fund (Direct) - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.52 | 0.08 |
| 3Y Alpha | 6.4381% | 0.3282% |
| 3Y Std Deviation | 13.9896% | 16.2252% |
| 3Y Calmar Ratio | 0.85 | 0.43 |
Portfolio Analytics
JM Focused Fund (Direct) carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ICICI Prudential Focused Fund - Direct Plan - Growth | JM Focused Fund (Direct) - Growth Option | |
|---|---|---|
| P/E Ratio | 28.9046 | 34.6017 |
| P/B Ratio | - | - |
| Dividend Yield | 0.952% | 0.4715% |
| Active Share | 76.81% | 86.4% |
| Portfolio Turnover | - | 84.3% |
| YTM | 5.28% | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ICICI Prudential Focused Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Focused Fund or JM Focused Fund (Direct)?
JM Focused Fund (Direct)'s 3-year rolling CAGR of 16.8% is higher than ICICI Prudential Focused Fund's 16.6%. JM Focused Fund (Direct) sits in the 56th percentile of its category on this metric, versus the 44th percentile for ICICI Prudential Focused Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ICICI Prudential Focused Fund or JM Focused Fund (Direct)?
ICICI Prudential Focused Fund's direct-plan expense ratio is 0.08 percentage points lower than JM Focused Fund (Direct)'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ICICI Prudential Focused Fund or JM Focused Fund (Direct)?
By standard deviation (a measure of how much a fund's returns swing around its own average), JM Focused Fund (Direct) has been more volatile than ICICI Prudential Focused Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.52 for ICICI Prudential Focused Fund vs 0.08 for JM Focused Fund (Direct)) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ICICI Prudential Focused Fund or JM Focused Fund (Direct)?
ICICI Prudential Focused Fund has ₹17,109 Cr in assets under management, versus ₹263 Cr for JM Focused Fund (Direct). A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ICICI Prudential Focused Fund or JM Focused Fund (Direct)?
JM Focused Fund (Direct) launched on 2008-01-14, making it older than ICICI Prudential Focused Fund (launched 2009-04-15). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.