Invesco India Arbitrage Fund
Invesco Mutual Fund·Arbitrage Fund·vs Nifty 50 Arbitrage TRI
Invesco India Arbitrage Fund maintains its defensive positioning through elevated cash and liquid holdings, anchored by a substantial net receivables position that reflects near-term arbitrage opportunities. The manager is actively reshuffling the portfolio across financials and select quality names, evidenced by 22 new entries including Adani Power and PB Fintech, signaling tactical conviction in capturing mispricings while managing liquidity prudently for modest but stable returns.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹36.4643 | +0.37% | — | — | — | — | — |
| Regular Growth | ₹33.5262 | +0.31% | +1.29% | +2.92% | +5.95% | +6.95% | +6.17% |
| Direct IDCW | ₹19.8007 | +0.37% | — | — | — | — | — |
| Regular IDCW | ₹17.8924 | +0.31% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
183
Top 5 Weight
23.72%
Top 10 Weight
35.70%
Active Share
—
Large Cap
41.49%
Gini
0.658
What Changed2026-03-31 → 2026-04-30
Holdings: 179 → 185+22 added−16 removed78 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Adani Power Limited | 0.69% |
| 360 One WAM Limited | 0.26% |
| SRF Limited | 0.12% |
| Supreme Industries Limited | 0.12% |
| PB Fintech Limited | 0.07% |
| Muthoot Finance Limited | 0.06% |
| Infosys Limited | 0.05% |
| Oberoi Realty Limited | 0.04% |
| Dixon Technologies (India) Limited | 0.03% |
| Vishal Mega Mart Limited | 0.03% |
| Avenue Supermarts Limited | 0.02% |
| Tube Investments Of India Limited | 0.02% |
| Indian Bank | 0.02% |
| Polycab India Limited | 0.01% |
| Union Bank of India | 0.01% |
| Cochin Shipyard Limited | 0.01% |
| Bharat Forge Limited | 0.01% |
| Trent Limited | 0.01% |
| ABB India Limited | 0.01% |
| Canara Bank 2027 ** # | 0.35% |
| Canara Bank 2027 # | 0.17% |
| Union Bank of India 2027 # | 0.09% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) | 64.03% |
| 2 | Invesco India Liquid Fund - Direct Plan - Growth INF205K01MF9 | 8.55% |
| 3 | Invesco India Money Market Fund-Direct Plan-Growth INF205K01RY9 | 5.36% |
| 4 | Triparty Repo | 5.23% |
| 5 | State Bank of India INE062A01020 | 3.68% |
| 6 | ICICI Bank Limited INE090A01021 | 3.40% |
| 7 | HDFC Bank Limited INE040A01034 | 2.73% |
| 8 | Varun Beverages Ltd INE200M01039 | 2.63% |
| 9 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 2.55% |
| 10 | Adani Enterprises Limited INE423A01024 | 2.53% |
| 11 | Bharat Heavy Electricals Limited INE257A01026 | 2.27% |
| 12 | Reliance Industries Limited INE002A01018 | 2.00% |
| 13 | Vodafone Idea Limited INE669E01016 | 1.86% |
| 14 | HDFC Bank Limited 2026 ** # INE040A16HN4 | 1.79% |
| 15 | Punjab National Bank 2026 # INE160A16UT0 | 1.78% |
| 16 | Small Industries Dev Bank of India 2027 ** # INE556F16CC2 | 1.73% |
| 17 | Multi Commodity Exchange of India Limited INE745G01043 | 1.52% |
| 18 | Bharat Electronics Limited INE263A01024 | 1.42% |
| 19 | Kotak Mahindra Bank Limited 2027 ** # INE237AD6141 | 1.39% |
| 20 | Punjab National Bank 2027 # INE160A16UE2 | 1.39% |
Sector Allocation
Banks15.8%
CRISIL A1+9.8%
Finance6.0%
CARE A1+4.2%
Pharmaceuticals & Biotechnology3.6%
Ferrous Metals3.3%
Telecom - Services3.1%
Electrical Equipment3.1%
Petroleum Products2.8%
Beverages2.7%
Top 10 sectors by % to NAV. Excludes derivatives.