Invesco India Financial Services Fund Direct Plan Growth
Invesco India Financial Services Fund Direct Plan Growth

Invesco India Financial Services Fund Direct Plan Growth

Equity
Direct
Sector - Financial Services

NAV: ₹ 92.9 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
302 people have invested ₹ 5.6L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Tata Banking & Financial Services Fund Direct Growth has given 11.95% return, outperforming this fund by 6.45%

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In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 11.9% return, outperforming this fund by 2.67% per annum

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In the last 5 years, SBI Banking & Financial Services Direct Growth has given 12.51% return, outperforming this fund by 2.02% per annum

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Over the last 6 months, this fund has decreased expense ratio by 12.2% moving from 1.23 to 1.08

INDmoney Rank

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IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
-2.5%
-1.5%
6.2%
5.5%
9.2%
10.5%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
15%
9.6%
Category
-2%
-0.2%
9.5%
9.9%
9.9%
8.4%
About the Fund

Invesco India Financial Services Fund Direct Plan Growth is an equity fund. This fund was started on  1 January, 2013. The fund is managed by Dhimant Kothari, Hiten Jain. The fund could potentially beat inflation in the long-run.

Key parameters

1) Invesco India Financial Services Fund Direct Plan Growth has a NAV of 92.88 as on 08-02-2023.

2) Invesco India Financial Services Fund Direct Plan Growth has 471 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 1.08 %.

Fund Overview

Expense ratio
Expense ratio
1.08%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹471 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
14%

Fund Distribution as on (31-Dec-22)

  • Equity 97.4%
  • Debt & Cash 2.6%
Size breakup
Large cap
76.6%
Small cap
15.4%
Mid cap
5.4%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

100%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings26
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 2.2 Cr in last 1M
Dec'22 return outperformed benchmark

Change in AUM

Dec'22
₹ 494.7 Cr
Nov'22
₹ 496.8 Cr
Oct'22
₹ 479.6 Cr

Fund Returns vs Benchmark

Jan'23
5.74%
5.37%
Dec'22
4.19%
2.63%
Nov'22
5.74%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
27
27
27
Top 5 Company Concentration
59.3%
59.5%
58.4%
Company having highest exposure
ICICI Bank Ltd (19.1%)
ICICI Bank Ltd (20.4%)
ICICI Bank Ltd (20.1%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (97.4%)
Financial Services (97.4%)
Financial Services (98.4%)

Fund Manager

Dhimant Kothari

Dhimant Kothari

Fund Manager of Invesco India Financial Services Fund Direct Plan Growth, since 1 June 2018
Hiten Jain

Hiten Jain

Fund Manager of Invesco India Financial Services Fund Direct Plan Growth, since 19 May 2020

AMC details

Fund House
Invesco Asset Management (India) Private Ltd
Total AUM
₹48.54K Cr
as on 31-Dec-2022
Address
Religare Invesco Asset Management Company Private Limited,3rd Floor, GYS Infinity,,Paranjpe 'B' Scheme, Subhash Road,,Vile Parle (East),
Phone
+912267310000
Email
services@religaremf.com

Fund Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.26% since inception which is less than its category average return of 25.99%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.42% in Equity, 0% in Debt and 2.58% in Cash related instruments
AUM size ₹471 Cr

AUM size ₹471 Cr

This fund has AUM of ₹471 Cr which is less than its category average of ₹ 1391 Cr
Expense Ratio 1.08%

Expense Ratio 1.08%

This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.53%

Frequently Asked Questions

The current NAV of Invesco India Financial Services Fund Direct Plan Growth is 92.42 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Invesco India Financial Services Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.98%
-2.98%
6 Month Returns
6.22%
6.22%
1 Year Returns
5.07%
5.07%
3 Years Returns
29.66%
9.04%
5 Years Returns
65.39%
10.59%
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1.08 as on January 2023
495 Cr as on January 2023
ICICI Bank Ltd(19.11%),HDFC Bank Ltd(16.46%),Axis Bank Ltd(10.33%),State Bank of India(9.24%),Bank of Baroda(4.18%) as on January 2023
The alpha ratio for the Invesco India Financial Services Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Invesco India Financial Services Fund Direct Plan Growth
1.36
0.7
-1.02
As on January 2023
The alpha for Invesco India Financial Services Fund Direct Plan Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Invesco India Financial Services Fund Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Invesco India Financial Services Fund Direct Plan Growth
1.02
0.92
0.93
As on January 2023
The Beta for Invesco India Financial Services Fund Direct Plan Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Invesco India Financial Services Fund Direct Plan Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Invesco India Financial Services Fund Direct Plan Growth
0.01
0.31
0.28
As on January 2023
The sharpe ratio for Invesco India Financial Services Fund Direct Plan Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Invesco India Financial Services Fund Direct Plan Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Invesco India Financial Services Fund Direct Plan Growth
20.63
28.82
24.77
As on January 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.43 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.09 as on January 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Hiten Jain,Dhimant Kothari are the fund managers of Invesco India Financial Services Fund Direct Plan Growth
The Exit load of Invesco India Financial Services Fund Direct Plan Growth is 1%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.