Invesco India Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
About the Fund
Invesco India Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Amit Ganatra, Pranav Gokhale. The fund could potentially beat inflation in the long-run.
Key Parameters
- Invesco India Mid Cap Fund Direct Growth has ₹5216 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Invesco India Mid Cap Fund Direct Growth has given a CAGR return of 22.62% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.50%, 26.12% and 30.57% respectively.
Holdings
Invesco India Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Health, Tech, Real Estate, Basic Materials, Communication, Consumer Defensive. Its top holdings are Trent Ltd, Prestige Estates Projects Ltd, Cholamandalam Investment and Finance Co Ltd, Max Healthcare Institute Ltd Ordinary Shares, The Federal Bank Ltd
Taxation
As it is a mid-cap 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Invesco India Mid Cap Fund Direct Growth
To generate capital appreciation by investing predominantly in Midcap companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Invesco India Mid Cap Fund Direct Growth has no lock in period.
Fund Performance
2460 people have invested ₹ 3.4Cr in Invesco India Mid Cap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
10
/19
48% Performance
34% Risk Management
81% Cost
10 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹5216 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 63.99% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Mid cap
67.5%
Small cap
15.9%
Large cap
14.6%
Sector Allocation
Consumer Cyclical
27.5%
Financial Services
20%
Industrial
15.1%
Health
11.7%
Tech
8.2%
Real Estate
7.9%
Basic Materials
5.4%
Communication
2.4%
Consumer Defensive
1.7%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Kalyan Jewellers India Ltd | 23.9% |
 Max Healthcare Institute Ltd | 4.2% |
Amit Ganatra
Fund Manager of Invesco India Mid Cap Fund Direct Growth, since 1 September 2023
Top funds managed
Pranav Gokhale
Fund Manager of Invesco India Mid Cap Fund Direct Growth, since 29 March 2018
Top funds managed
Mutual Fund Insights
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 69.94% return, outperforming this fund by 14.44%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 40.05% return, outperforming this fund by 13.94% per annum.
Over the last 3 months, this fund has experienced a 5.5% drop in AUM moving from 5.51K Cr to 5.21K Cr.
Over the last 3 months, this fund has increased expense ratio by 5.2% moving from 0.58 to 0.61.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.41% return, outperforming this fund by 8.83% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.14%.
Invesco India Mid Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 22.62% since inception which is more than its category average return of 20.43%
Fund Allocations
This fund has an allocation of 98.08% in Equity, 0% in Debt and 1.92% in Cash related instruments
AUM size ₹5216 Cr
This fund has AUM of ₹5216 Cr which is less than its category average of ₹ 8824 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Invesco India Mid Cap Fund Direct Growth is ₹185.51 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Invesco India Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.04% | 2.04% |
6 Month Returns | 28.29% | 28.29% |
1 Year Returns | 55.5% | 55.5% |
3 Years Returns | 100.59% | 26.12% |
5 Years Returns | 279.57% | 30.57% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.61% as on June 2024
₹5216 Cr as on June 2024
Trent Ltd(4.94%), Prestige Estates Projects Ltd(4.59%), Cholamandalam Investment and Finance Co Ltd(4.1%), Max Healthcare Institute Ltd Ordinary Shares(4.05%), The Federal Bank Ltd(4.02%) as on June 2024
Consumer Cyclical(27.02%), Financial Services(19.65%), Industrial(14.84%) as on June 2024
The alpha ratio for the Invesco India Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Invesco India Mid Cap Fund Direct Growth | 1.44 | 1.61 | 3.1 |
As on June 2024
The alpha for Invesco India Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap TR 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Invesco India Mid Cap Fund Direct Growth | 0.88 | 0.88 | 0.88 |
As on June 2024
The Beta for Invesco India Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Mid Cap 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 Mid Cap Fund Direct Growth | 3.01 | 1.4 | 1.12 |
As on June 2024
The sharpe ratio for Invesco India Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Mid Cap 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 Mid Cap Fund Direct Growth | 13.15 | 14.34 | 19.42 |
As on June 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 2.98 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Amit Ganatra, Pranav Gokhale are the fund managers of Invesco India Mid Cap Fund Direct Growth
The Exit load of Invesco India Mid Cap Fund Direct Growth is 1%