Invesco India Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 06-09-2024
₹ 148.92
1D
Inception Returns
16.8%
/yr
About the Fund
Invesco India Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dhimant Kothari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Invesco India Financial Services Fund Direct Growth has ₹949 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
Invesco India Financial Services Fund Direct Growth has given a CAGR return of 16.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.42%, 18.22% and 19.93% respectively.
Holdings
Invesco India Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Computer Age Management Services Ltd Ordinary Shares
Taxation
As it is a sector - financial services 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 Financial Services Fund Direct Growth
To generate capital appreciation from a portfolio of Equity and Equity Related Instruments of companies engaged in the business of banking and financial services.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Invesco India Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
591 people have invested ₹ 66.5L in Invesco India Financial Services Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.93% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹949 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 45.78% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
64.5%
Small cap
21.5%
Mid cap
10.3%
Sector Allocation
Financial Services
93.6%
Tech
4.5%
Health
1.9%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 2.58% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.95% in Jul'24
- AUM of the fund stands at 948.6 Cr as of Jul'24
- AUM increased by 40 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Computer Age Management Services Ltd Ordinary Shares's allocation increased from 3.69% to 4.44%
REC Ltd's allocation increased from 3.02% to 3.55%
Karur Vysya Bank Ltd's allocation increased from 2.36% to 2.75%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 20.65 % to 20.03 %
Axis Bank Ltd's allocation decreased from 8.99 % to 7.94 %
State Bank of India's allocation decreased from 7.84 % to 7.71 %
Small Cap allocation has gone down from 22.5% to 20.7%
Cash allocation has gone down from 3.1% to 1.8%
Top 3 Sectors in July were Financial Services, Tech & Health
Jul'24
Financial Services
94%
Tech
5%
Health
2%
Jun'24
Financial Services
94%
Tech
4%
Health
2%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Multi Commodity Exchange of India Ltd | 30.1% |
 Central Depository Services (India) Ltd | 23.6% |
PB Fintech Ltd | 19.9% |
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Dhimant Kothari
Fund Manager of Invesco India Financial Services Fund Direct Growth, since 1 June 2018
Top funds managed
Fund House
Invesco Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹64.87K Cr
as on 31-Jul-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
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 20.21% return, outperforming this fund by 2% per annum.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.93% which is lower than the category average expense ratio of 1.03%.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.1% return, outperforming this fund by 1.17% per annum.
Over the last 6 months, this fund has experienced a 37.1% growth in AUM moving from 691.69 Cr to 948.64 Cr.
In the last 1 year, Quant BFSI Fund Direct Growth has given 49.34% return, outperforming this fund by 7.91%.
Over the last 6 months, this fund has decreased expense ratio by 13.9% moving from 1.08 to 0.93.
Invesco India Financial Services 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 16.85% since inception which is more than its category average return of 16.69%
Fund Allocations
This fund has an allocation of 98.18% in Equity, 0% in Debt and 1.82% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1664 Cr
Expense Ratio 0.93%
This fund has an expense ratio of 0.93% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Invesco India Financial Services Fund Direct Growth is ₹148.92 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Invesco India Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.9% | 6.9% |
6 Month Returns | 15.76% | 15.76% |
1 Year Returns | 41.42% | 41.42% |
3 Years Returns | 65.21% | 18.22% |
5 Years Returns | 148.12% | 19.93% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.93% as on August 2024
₹949 Cr as on August 2024
ICICI Bank Ltd(20.03%), HDFC Bank Ltd(9.96%), Axis Bank Ltd(7.94%), State Bank of India(7.71%), Computer Age Management Services Ltd Ordinary Shares(4.44%) as on August 2024
Financial Services(91.88%), Tech(4.44%), Health(1.87%) as on August 2024
The alpha ratio for the Invesco India Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Invesco India Financial Services Fund Direct Growth | 22.62 | 7.81 | 5.37 |
As on August 2024
The alpha for Invesco India Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX 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 Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Invesco India Financial Services Fund Direct Growth | 0.54 | 0.91 | 0.9 |
As on August 2024
The Beta for Invesco India Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services 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 Financial Services Fund Direct Growth | 2.91 | 0.84 | 0.69 |
As on August 2024
The sharpe ratio for Invesco India Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services 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 Financial Services Fund Direct Growth | 10.31 | 15.01 | 23.13 |
As on August 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 1.48 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.25 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhimant Kothari is the fund manager of Invesco India Financial Services Fund Direct Growth
The Exit load of Invesco India Financial Services Fund Direct Growth is 1%