Invesco India Mid Cap Fund Direct Growth

Invesco India Mid Cap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 05-12-2024

₹ 206.93

1%

1D

Inception Returns

22.8%

/yr

About Invesco India Mid Cap Fund Direct Growth

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, Aditya Khemani. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Invesco India Mid Cap Fund Direct Growth has ₹5625 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Invesco India Mid Cap Fund Direct Growth has given a CAGR return of 22.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 49.17%, 26.86% and 30.13% 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. Its top holdings are The Federal Bank Ltd, Max Healthcare Institute Ltd Ordinary Shares, Trent Ltd, Dixon Technologies (India) Ltd, Prestige Estates Projects 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 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 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
3530 people have invested ₹ 5.2Cr in Invesco India Mid Cap Fund Direct Growth in the last three months

INDmoney Rank for Invesco India Mid Cap Fund Direct Growth

Powered by IND quant engine
5
/19
72% Performance
49% Risk Management
83% Cost
5 out of 19 among mid-cap
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Invesco India Mid Cap Fund Direct Growth Overview

Expense ratio0.58%
Benchmark
S&P BSE Midcap TR INR
AUM₹5625 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
86.73%
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 Mid Cap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
6.6%
3.4%
3.5%
3M
4.4%
-1.8%
-1.2%
6M
29.4%
12.4%
18.7%
1Y
49.2%
31.9%
35.2%
3Y
26.9%
23.6%
23%
5Y
30.1%
28.1%
27%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Mid cap
64.5%

Small cap
17.2%

Large cap
14%

Sector Allocation

Oct'24

Sep'24

Aug'24

Consumer Cyclical
27.6%
Financial Services
19%
Industrial
14%
Health
13.5%
Tech
10.5%
Real Estate
7.9%
Basic Materials
6%
Communication
1.4%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.58%
5.07%
2.34%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • This fund’s returns stands at -5.58% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
  • This fund outperformed Nifty Midcap 150 by 1.14% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 75K Cr
₹ 5.9K Cr
₹ 6.1K Cr
  • AUM of the fund stands at 75K Cr as of Oct'24
  • AUM increased by 69.1K Cr between Oct'24 and Sep'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 1.9% to 2.8%
Zomato Ltd's allocation increased from 1.9% to 2.8%
Global Health Ltd's allocation increased from 1.91% to 2.71%
Global Health Ltd's allocation increased from 1.91% to 2.71%
BSE Ltd's allocation increased from 2.72% to 3.47%
BSE Ltd's allocation increased from 2.72% to 3.47%
Top Stocks sold last month
Trent Ltd's allocation decreased from 4.01 % to 3.96 %
Trent Ltd's allocation decreased from 4.01 % to 3.96 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 3.88 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 3.88 %
Prestige Estates Projects Ltd's allocation decreased from 4.08 % to 3.8 %
Prestige Estates Projects Ltd's allocation decreased from 4.08 % to 3.8 %
Cash allocation has gone up from 0.4% to 1.2%
Cash allocation has gone up from 0.4% to 1.2%

Top 3 Sectors in October were Consumer Cyclical, Financial Services & Industrial

Oct'24
Consumer Cyclical
28%
Financial Services
19%
Industrial
14%
Sep'24
Consumer Cyclical
28%
Financial Services
19%
Industrial
14%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
54
55
Top 5 Company Concentration
20.2%
20.4%
19.5%
Company having highest exposure
The Federal Bank Ltd (4.5%)
The Federal Bank Ltd (4.2%)
Dixon Technologies (India) Ltd (4.1%)
No of Sectors
8
9
9
Top 5 Sectors Concentration
84.7%
82.5%
82.6%
Sector having highest exposure
Consumer Cyclical (27.6%)
Consumer Cyclical (28%)
Consumer Cyclical (29.1%)
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Amit Ganatra
Amit Ganatra
Fund Manager of Invesco India Mid Cap Fund Direct Growth, since 1 September 2023
Aditya Khemani
Aditya Khemani
Fund Manager of Invesco India Mid Cap Fund Direct Growth, since 9 November 2023
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, Motilal Oswal Midcap Direct Growth has given 62.96% return, outperforming this fund by 13.79%.
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Over the last 1 month, this fund has experienced a 4.7% drop in AUM moving from 5.90K Cr to 5.62K Cr.
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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.58% which is lower than the category average expense ratio of 1.14%.
Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 34.65% return, outperforming this fund by 4.52% per annum.
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Over the last 15 months, this fund has decreased expense ratio by 17.1% moving from 0.70 to 0.58.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 36.95% return, outperforming this fund by 10.09% per annum.

Invesco India Mid Cap 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 22.85% since inception which is more than its category average return of 19.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.84% in Equity, 0% in Debt and 1.16% in Cash related instruments
AUM size ₹5625 Cr

AUM size ₹5625 Cr

This fund has AUM of ₹5625 Cr which is less than its category average of ₹ 9417 Cr
Expense Ratio 0.58%

Expense Ratio 0.58%

This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Invesco India Mid Cap Fund Direct Growth

The current NAV of Invesco India Mid Cap Fund Direct Growth is ₹206.93 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Invesco India Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.62%
6.62%
6 Month Returns
29.43%
29.43%
1 Year Returns
49.17%
49.17%
3 Years Returns
104.15%
26.86%
5 Years Returns
273.12%
30.13%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.58% as on November 2024
₹5625 Cr as on November 2024
The Federal Bank Ltd(4.53%), Max Healthcare Institute Ltd Ordinary Shares(4.06%), Trent Ltd(3.96%), Dixon Technologies (India) Ltd(3.88%), Prestige Estates Projects Ltd(3.8%) as on November 2024
Consumer Cyclical(27.32%), Financial Services(18.83%), Industrial(13.88%) as on November 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
13.28
3.51
4.76
As on November 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
0.82
0.87
0.86
As on November 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
2.44
1.27
1.19
As on November 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
13.89
14.7
19.16
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 2.47 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.3 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Amit Ganatra, Aditya Khemani 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%