Invesco India Business Cycle Fund
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Growthvine rating: 2/5 — ranked #93 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹14.37 (as of 2026-08-21) |
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| AUM | ₹1,299 Cr |
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| Expense ratio | 1.85% |
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| Riskometer | Very High |
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| Fund manager | Aditya Khemani |
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| Exit load | 0.5% for redemption within 3 months |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -16.56% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 162.9% of Nifty 500's upside and 90.7% of its downside.
Market cap allocation
| Large cap | 41.5% |
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| Mid cap | 28.9% |
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| Small cap | 29.6% |
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Concentration
| Top 5 holdings | 24.7% |
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| Top 10 holdings | 43.9% |
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| Total holdings | 36 |
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Top holdings
- Kotak Mahindra Bank Ltd. — 5.6%
- Triparty Repo — 5.2%
- Larsen & Toubro Limited — 4.9%
- Sai Life Sciences Limited — 4.8%
- Aditya Infotech Limited — 4.7%
- InterGlobe Aviation Limited — 4.6%
- Prestige Estates Projects Limited — 4.2%
- DLF LIMITED — 4.0%
- BSE Ltd. — 3.8%
- Max Healthcare Institute Limited — 3.7%
Top sectors
- Banking & Financial — 26.1%
- Retail — 17.4%
- Healthcare — 9.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 13.3% | Q1 (Top) | #28 of 167 |