Thanks for posting your query.
Axis Focused 25 fund has done well in last three years but the returns has come with slightly higher volatility. The fund has generated less alpha as compared to similar funds in the category. The fund performance has seen some improvement since the change in fund manager , we do not know how the fund will behave when the market is falling. we need to keep a track of it. Two years back it was not performing well.
We should keep a track of the fund.