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 #79 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹13.67 (as of 2026-10-01) |
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| AUM | ₹1,383 Cr |
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| Expense ratio | 1.83% |
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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 88.8% of its downside.
Market cap allocation
| Large cap | 44.0% |
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| Mid cap | 27.4% |
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| Small cap | 28.7% |
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Concentration
| Top 5 holdings | 24.6% |
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| Top 10 holdings | 44.0% |
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| Total holdings | 36 |
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Top holdings
- Kotak Mahindra Bank Ltd. — 5.7%
- Triparty Repo — 5.4%
- Sai Life Sciences Limited — 5.0%
- Larsen & Toubro Limited — 4.7%
- Aditya Infotech Limited — 4.6%
- DLF LIMITED — 4.5%
- InterGlobe Aviation Limited — 4.4%
- Prestige Estates Projects Limited — 3.9%
- Apollo Hospitals Enterprises Ltd. — 3.9%
- Eternal Limited — 3.6%
Top sectors
- Banking & Financial — 25.4%
- Retail — 17.6%
- Healthcare — 11.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 7.8% | Q1 (Top) | #30 of 167 |