Invesco India Mutual Fund is a prominent player in the Indian Mutual Fund industry, managing assets worth Rs 1.5 trillion.
The fund house follows a disciplined, long-term investment approach, rather than chasing short-term market trends. Their focus is on identifying quality businesses that exhibit strong fundamentals, consistent growth, and sustainable earnings.
For the stock selection process, the fund house adopts a blend of bottom-up approach with a top-down overlay. It also integrates environmental, social, and governance (ESG) criteria into its investment process.
The fund house broadly classifies stocks as growth, value, and event-driven based on pre-defined internal criteria to identify the worthiest opportunities from the investment universe.
It also emphasises risk management to minimise downside risk while optimising returns.
In this editorial, we will look at the top 3 equity schemes from Invesco India Mutual Fund.
We have shortlisted these schemes based on a combined quantitative score which includes 6-month, 1-year, 3-year, and 5-year rolling returns along with risk-reward ratios such as standard deviation, sharpe, sortino, and up/down capture ratio.
#1 Invesco India Small Cap Fund
Launched in October 2018, Invesco India Small Cap Fund aims to identify high growth potential stocks of small cap companies that are available at attractive valuations.
Its focus is on companies that have distinct competitive advantages and the potential to evolve into large companies over time.
The fund seeks stocks with high quality businesses, characterised by high return on capital, ability to generate free cash flows, significant growth potential, and capable management.
In the last 5 years, Invesco India Small Cap Fund grew at a CAGR of 32.7% on a rolling return basis compared to 30.5% in the NIFTY Smallcap 250 – TRI index.
Performance Snapshot – Invesco India Small Cap Fund
| Scheme Name | 1 Yr (%) | 3 Yr (%) | 5 Yr (%) | Std Dev | Sharpe | Sortino |
| Invesco India Smallcap Fund | 11.07 | 26.69 | 32.73 | 16.91 | 0.34 | 0.63 |
| Nifty Smallcap 250 – TRI | 1.42 | 22.21 | 30.53 | 19.03 | 0.23 | 0.45 |
Source: ACE MF
As of 30 November 2025, the fund invested 59.5% of its assets in smallcaps, 24.8% in midcaps, and 8.1% in largecaps.
The fund’s top stocks are Sai Lifesciences (4.9%), Krishna Institute of Medical Sciences (4.8%), and Swiggy (4.3%).
Its top sectors are finance (18%), pharma & healthcare (17%), and retailing (9.8%).
Invesco India Small Cap Fund’s prudent strategies have helped it maintain a notable lead over the benchmark and many of its peers.
#2 Invesco Focused Fund
Launched in September 2020, Invesco India Focused Fund aims to build a concentrated portfolio of stocks that score high on quality and earnings growth.
The fund limits the number of stocks in its portfolio to 20, highlighting a high level of conviction in every stock position.
It invests across market caps and looks for opportunities across growth and value stocks.
In the last 5 years, Invesco India Focused Fund grew at a CAGR of 23.2% on a rolling return basis compared to 21.2% in the NIFTY 500 – TRI index.
Performance Snapshot – Invesco India Focused Fund
| Scheme Name | 1 Yr (%) | 3 Yr (%) | 5 Yr (%) | Std Dev | Sharpe | Sortino |
| Invesco India Focused Fund | 11.48 | 24.22 | 23.23 | 15.17 | 0.31 | 0.63 |
| NIFTY 500 – TRI | 4.73 | 16.21 | 21.16 | 12.49 | 0.23 | 0.47 |
Source: ACE MF
As of 30 November 2025, the fund invested 54.1% of its assets in largecaps, 20.6% in midcaps, and 16.9% in smallcaps.
The fund’s top stocks are ICICI Bank (8.7%), HDFC Bank (8.6%), and L&T (8%).
Its top sectors are banks (17.3%), capital goods (12.6%), and finance (8.1%).
Invesco India Focused Fund has displayed its ability to generate significant alpha over the benchmark and peers, particularly during market rallies.
#3 Invesco Mid Cap Fund
Launched in April 2007, Invesco India Midcap Fund that has managed to limit the downside risk for its investors and has also done well during market recoveries.
Invesco India Midcap Fund aims to identify companies with stable business models that are likely to do well over the long run.
The fund is benchmark agnostic and maintains a reasonably concentrated portfolio across diverse stocks/sectors.
In the last 5 years, Invesco India Midcap Fund grew at a CAGR of 29.6% on a rolling return basis compared to 28.9% in the NIFTY Midcap 150 – TRI index.
Performance Snapshot – Invesco India Mid Cap Fund
| Scheme Name | 1 Yr (%) | 3 Yr (%) | 5 Yr (%) | Std Dev | Sharpe | Sortino |
| Invesco India Midcap Fund | 18.11 | 27.60 | 29.63 | 16.27 | 0.39 | 0.76 |
| Nifty Midcap 150 – TRI | 5.78 | 23.39 | 28.93 | 15.35 | 0.32 | 0.65 |
Source: ACE MF
As of 30 November 2025, the fund invested 63.9% of its assets in midcaps, 17.7% in smallcaps, and 13% in smallcaps.
The fund’s top stocks are The Federal Bank (5.7%), AU Small Finance Bank (5.7%), and L&T Finance (5.3%).
Its top sectors are finance (21.4%), pharma & healthcare (17.1%), and retailing (16.1%).
The fund’s focus on fundamentally sound quality names in the mid-cap domain and cautious stock picking has helped it reward its investors over the long run.
Conclusion
Various equity funds of Invesco India Mutual Fund have done well across various market phases and have rewarded investors with meaningful gains over the long run.
The equity schemes of Invesco Mutual Fund focus on long-term growth potential of quality stocks, which helps them generate reasonable risk-adjusted returns.
However, it’s important to note that past performance is not an indicator for future returns.
In addition, it’s crucial that you ensure the suitability of scheme/s to your risk profile and investment objectives before you consider adding them to your portfolio.
Be a thoughtful investor.
Happy investing.
Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here…
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