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: 3/5 — ranked #81 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.24 (as of 2026-11-12) |
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| AUM | ₹1,373 Cr |
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| Expense ratio | 1.84% |
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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 167.7% of Nifty 500's upside and 84.1% of its downside.
Market cap allocation
| Large cap | 48.2% |
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| Mid cap | 25.7% |
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| Small cap | 26.1% |
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Concentration
| Top 5 holdings | 28.9% |
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| Top 10 holdings | 49.9% |
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| Total holdings | 35 |
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Top holdings
- Triparty Repo — 6.2%
- Kotak Mahindra Bank Ltd. — 6.0%
- AXIS Bank Ltd. — 6.0%
- Apollo Hospitals Enterprises Ltd. — 6.0%
- DLF LIMITED — 5.6%
- Sai Life Sciences Limited — 5.3%
- Aditya Infotech Limited — 5.0%
- Larsen & Toubro Limited — 4.7%
- InterGlobe Aviation Limited — 4.2%
- Prestige Estates Projects Limited — 3.6%
Top sectors
- Banking & Financial — 24.9%
- Retail — 18.3%
- Healthcare — 13.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 20.2% | Q1 (Top) | #9 of 167 |