Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl

Equity
Direct
Sector - Financial Services
Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl

About the Fund

Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl 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 Plan Reinvestment of Income Dist cum Capital Wtdrwl has ₹810 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl has given a CAGR return of 16.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.72%, 18.70% and 16.23% respectively.

Holdings

Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health. Its top holdings are ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, HDFC Bank Ltd, Equitas Small Finance Bank Ltd Ordinary Shares

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 Plan Reinvestment of Income Dist cum Capital Wtdrwl

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 Plan Reinvestment of Income Dist cum Capital Wtdrwl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 3.6K in Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl in the last three months

Fund Overview

Expense ratio1.01%
Benchmark
S&P BSE BANKEX INR
AUM₹810 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
29.31%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 96.3%

  • Debt & Cash 3.7%

Large cap
64.8%

Small cap
22.3%

Mid cap
9.1%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
94.5%
Tech
3.6%
Health
1.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Dhimant Kothari
Dhimant Kothari
Fund Manager of Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl, since 1 June 2018

Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl 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 16.22% since inception which is less than its category average return of 17.39%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.26% in Equity, 0% in Debt and 3.74% in Cash related instruments
AUM size ₹810 Cr

AUM size ₹810 Cr

This fund has AUM of ₹810 Cr which is less than its category average of ₹ 1523 Cr
Expense Ratio 1.01%

Expense Ratio 1.01%

This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl is ₹71.96 as on 18-Jun-2024.
Existing (Absolute + CAGR) as on 18-Jun-2024.
Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl
Absolute Returns
CAGR Returns
1 Month Returns
4.74%
4.74%
6 Month Returns
10.19%
10.19%
1 Year Returns
35.72%
35.72%
3 Years Returns
67.23%
18.7%
5 Years Returns
112.15%
16.23%
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1.01% as on May 2024
₹810 Cr as on May 2024
ICICI Bank Ltd(21.07%), Axis Bank Ltd(9.01%), State Bank of India(8.6%), HDFC Bank Ltd(6.58%), Equitas Small Finance Bank Ltd Ordinary Shares(3.56%) as on May 2024
Financial Services(91.01%), Tech(3.45%), Health(1.79%) as on May 2024
The alpha ratio for the Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl
19.1
6.88
4.29
As on May 2024
The alpha for Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl 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 Reinvestment of Income Dist cum Capital Wtdrwl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl
0.58
0.87
0.9
As on May 2024
The Beta for Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl 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 Reinvestment of Income Dist cum Capital Wtdrwl 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 Reinvestment of Income Dist cum Capital Wtdrwl
2.13
0.78
0.51
As on May 2024
The sharpe ratio for Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl 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 Reinvestment of Income Dist cum Capital Wtdrwl 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 Reinvestment of Income Dist cum Capital Wtdrwl
10.55
14.9
23.33
As on May 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 1.36 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.98 as on May 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 Plan Reinvestment of Income Dist cum Capital Wtdrwl
The Exit load of Invesco India Financial Services Fund Direct Plan Reinvestment of Income Dist cum Capital Wtdrwl is 1%