Invesco India Financial Services Fund Direct Growth

Invesco India Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

NAV as on 05-12-2024

₹ 157.47

1%

1D

Inception Returns

17%

/yr

About Invesco India Financial Services Fund Direct Growth

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

Key Parameters

  1. Invesco India Financial Services Fund Direct Growth has ₹1072 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Invesco India Financial Services Fund Direct Growth has given a CAGR return of 17.02% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.72%, 21.75% and 17.85% respectively.

Holdings

Invesco India Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, HDFC Asset Management Co Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Invesco India Financial Services Fund Direct Growth

To generate capital appreciation from a portfolio of Equity and Equity Related Instruments of companies engaged in the business of banking and financial services.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Invesco India Financial Services Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
764 people have invested ₹ 80.7L in Invesco India Financial Services Fund Direct Growth in the last three months

INDmoney Rank for Invesco India Financial Services Fund Direct Growth

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

Invesco India Financial Services Fund Direct Growth Overview

Expense ratio0.93%
Benchmark
S&P BSE BANKEX INR
AUM₹1072 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
45.78%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Dec-24)

Period
Invesco India Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
3.5%
2.6%
2.4%
3M
4%
-2%
2.5%
6M
19%
10.6%
10.2%
1Y
28.7%
25.2%
15.6%
3Y
21.7%
16.1%
17.4%
5Y
17.9%
19%
13.7%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.5%

  • Debt & Cash 1.5%

Large cap
55.8%

Small cap
24.1%

Mid cap
17.7%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
95.5%
Tech
2.8%
Health
1.7%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-0.95%
2.46%
1.85%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -0.95% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 5.57% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.1K Cr
₹ 1K Cr
₹ 978.3 Cr
  • AUM of the fund stands at 1.1K Cr as of Oct'24
  • AUM increased by 28.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 10.24% to 12.08%
HDFC Bank Ltd's allocation increased from 10.24% to 12.08%
ICICI Bank Ltd's allocation increased from 19.08% to 19.88%
ICICI Bank Ltd's allocation increased from 19.08% to 19.88%
Prudent Corporate Advisory Services Ltd's allocation increased from 2.17% to 2.85%
Prudent Corporate Advisory Services Ltd's allocation increased from 2.17% to 2.85%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 7.63 % to 6.99 %
Axis Bank Ltd's allocation decreased from 7.63 % to 6.99 %
SBI Life Insurance Co Ltd's allocation decreased from 3.27 % to 2.8 %
SBI Life Insurance Co Ltd's allocation decreased from 3.27 % to 2.8 %
Computer Age Management Services Ltd Ordinary Shares's allocation decreased from 2.78 % to 2.73 %
Computer Age Management Services Ltd Ordinary Shares's allocation decreased from 2.78 % to 2.73 %
Cash allocation has gone down from 2.4% to 1.5%
Cash allocation has gone down from 2.4% to 1.5%

Top 3 Sectors in October were Financial Services, Tech & Health

Oct'24
Financial Services
96%
Tech
3%
Health
2%
Sep'24
Financial Services
95%
Tech
3%
Health
2%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
33
33
32
Top 5 Company Concentration
49.8%
47.2%
48.5%
Company having highest exposure
ICICI Bank Ltd (19.9%)
ICICI Bank Ltd (19.1%)
ICICI Bank Ltd (19.7%)
No of Sectors
3
3
3
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (95.5%)
Financial Services (95.2%)
Financial Services (95.3%)
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Dhimant Kothari
Dhimant Kothari
Fund Manager of Invesco India Financial Services Fund Direct Growth, since 1 June 2018
Fund House
Invesco Asset Management (India) Private Ltd
Total AUM
₹1.04L Cr
as on 31-Oct-2024
Address
Religare Invesco Asset Management Company Private Limited,3rd Floor, GYS Infinity,,Paranjpe 'B' Scheme, Subhash Road,,Vile Parle (East),
Phone
+912267310000
Website
services@religaremf.com

Mutual Fund Insights

Insights icon
In the last 1 year, SBI Banking & Financial Services Direct Growth has given 29.74% return, outperforming this fund by 1.03%.
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Over the last 6 months, this fund has experienced a 32.0% growth in AUM moving from 811.68 Cr to 1.07K Cr.
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In the last 5 years, this fund has outperformed all funds in its category.
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Over the last 1 year, this fund has decreased expense ratio by 17.0% moving from 1.12 to 0.93.
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In the last 3 years, this fund has outperformed all funds in its category.
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This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.93% which is lower than the category average expense ratio of 1.04%.

Invesco India Financial Services Fund Direct Growth 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 17.02% since inception which is more than its category average return of 16.67%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.54% in Equity, 0% in Debt and 1.46% in Cash related instruments
AUM size ₹1072 Cr

AUM size ₹1072 Cr

This fund has AUM of ₹1072 Cr which is less than its category average of ₹ 1744 Cr
Expense Ratio 0.93%

Expense Ratio 0.93%

This fund has an expense ratio of 0.93% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions for Invesco India Financial Services Fund Direct Growth

The current NAV of Invesco India Financial Services Fund Direct Growth is ₹157.47 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Invesco India Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.49%
3.49%
6 Month Returns
19%
19%
1 Year Returns
28.72%
28.72%
3 Years Returns
80.46%
21.75%
5 Years Returns
127.36%
17.85%
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0.93% as on November 2024
₹1072 Cr as on November 2024
ICICI Bank Ltd(19.88%), HDFC Bank Ltd(12.08%), Axis Bank Ltd(6.99%), State Bank of India(6.42%), HDFC Asset Management Co Ltd(4.4%) as on November 2024
Financial Services(94.11%), Tech(2.73%), Health(1.7%) as on November 2024
The alpha ratio for the Invesco India Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Invesco India Financial Services Fund Direct Growth
12.49
8.34
5.12
As on November 2024
The alpha for Invesco India Financial Services Fund Direct 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Invesco India Financial Services Fund Direct Growth
0.56
0.89
0.89
As on November 2024
The Beta for Invesco India Financial Services Fund Direct 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 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 Growth
1.98
0.99
0.58
As on November 2024
The sharpe ratio for Invesco India Financial Services Fund Direct 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 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 Growth
9.99
14.34
23.05
As on November 2024
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 1.85 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.32 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhimant Kothari is the fund manager of Invesco India Financial Services Fund Direct Growth
The Exit load of Invesco India Financial Services Fund Direct Growth is 1%