Invesco India Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 18-12-2024
₹ 211.14
1D
Inception Returns
23.1%
/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 Aditya Khemani, Amit Ganatra. The fund could potentially beat inflation in the long-run.
Key Parameters
- Invesco India Mid Cap Fund Direct Growth has ₹5863 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Invesco India Mid Cap Fund Direct Growth has given a CAGR return of 23.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 50.49%, 28.31% and 30.91% respectively.
Holdings
Invesco India Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Health, Industrial, Tech, Real Estate, Basic Materials, Communication. Its top holdings are The Federal Bank Ltd, Dixon Technologies (India) Ltd, Trent Ltd, Max Healthcare Institute Ltd Ordinary Shares, 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 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 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
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3740 people have invested ₹ 5.5Cr 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
3
/19
72% Performance
50% Risk Management
83% Cost
3 out of 19 among mid-cap
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
No bad points found for this fund.
Invesco India Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.58% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹5863 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 86.73% |
| STCG | Selling mutual fund 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 (18-Dec-24)
Fund Distribution
as on (30-Nov-24)
Mid cap
63%
Small cap
18%
Large cap
12.6%
Sector Allocation
Consumer Cyclical
26.3%
Financial Services
18.6%
Health
14.6%
Industrial
13.8%
Tech
11.4%
Real Estate
7.9%
Basic Materials
6.1%
Communication
1.3%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 2.89% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 3.43% in Nov'24
- AUM of the fund stands at 5.9K Cr as of Nov'24
- AUM decreased by 69.2K Cr between Nov'24 and Oct'24
Top Stocks bought last month
Innova Captab Ltd's allocation increased from 1.21% to 1.52%
Coforge Ltd's allocation increased from 3.18% to 3.48%
Indian Hotels Co Ltd's allocation increased from 2.14% to 2.41%
Top Stocks sold last month
The Federal Bank Ltd's allocation decreased from 4.53 % to 4.5 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 4.19 %
Trent Ltd's allocation decreased from 3.96 % to 3.88 %
Mid Cap allocation has gone down from 64.3% to 63%
Large Cap allocation has gone down from 12.9% to 12.6%
Small Cap allocation has gone down from 19.2% to 18%
Cash allocation has gone down from 1.2% to 1%
Top 3 Sectors in November were Consumer Cyclical, Financial Services & Industrial
Nov'24
Consumer Cyclical
26%
Financial Services
19%
Health
15%
Oct'24
Consumer Cyclical
28%
Financial Services
19%
Industrial
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 21.2% |
 Coforge Ltd | 16.2% |
 Innova Captab Ltd | 8.3% |
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Aditya Khemani
Fund Manager of Invesco India Mid Cap Fund Direct Growth, since 9 November 2023
Top funds managed
Amit Ganatra
Fund Manager of Invesco India Mid Cap Fund Direct Growth, since 1 September 2023
Top funds managed
Fund House
Invesco Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.08L Cr
as on 29-Nov-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 5 years, Motilal Oswal Midcap Direct Growth has given 35.62% return, outperforming this fund by 4.71% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 61.93% return, outperforming this fund by 11.44%.
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 1.13%.
Over the last 15 months, this fund has decreased expense ratio by 6.5% moving from 0.62 to 0.58.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.77% return, outperforming this fund by 10.45% per annum.
Over the last 3 months, this fund has experienced a 4.7% drop in AUM moving from 6.14K Cr to 5.86K Cr.
Invesco India Mid Cap 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 23.05% since inception which is more than its category average return of 19.84%
Fund Allocations
This fund has an allocation of 99.01% in Equity, 0% in Debt and 0.99% in Cash related instruments
AUM size ₹5863 Cr
This fund has AUM of ₹5863 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Invesco India Mid Cap Fund Direct Growth
The current NAV of Invesco India Mid Cap Fund Direct Growth is ₹211.14 as on 18-Dec-2024.
Existing (Absolute + CAGR) as on 18-Dec-2024.
Invesco India Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 10.96% | 10.96% |
6 Month Returns | 17.13% | 17.13% |
1 Year Returns | 50.49% | 50.49% |
3 Years Returns | 111.27% | 28.31% |
5 Years Returns | 284.49% | 30.91% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.58% as on November 2024
₹5863 Cr as on November 2024
The Federal Bank Ltd(4.5%), Dixon Technologies (India) Ltd(4.19%), Trent Ltd(3.88%), Max Healthcare Institute Ltd Ordinary Shares(3.75%), Prestige Estates Projects Ltd(3.68%) as on November 2024
Consumer Cyclical(26.03%), Financial Services(18.44%), Health(14.42%) 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
Aditya Khemani, Amit Ganatra 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%