Invesco India Arbitrage Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹36.4795 | +0.36% | — | — | — |
| Regular Growth | ₹33.5396 | +0.31% | +6.00% | +6.93% | +6.17% |
| Direct IDCW | ₹19.8089 | +0.36% | — | — | — |
| Regular IDCW | ₹17.8995 | +0.31% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Invesco India Arbitrage Fund hold?
Invesco India Arbitrage Fund holds 183 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.72% of NAV.
What is the largest holding in Invesco India Arbitrage Fund?
The largest position in Invesco India Arbitrage Fund is Net Receivables / (Payables), accounting for 64.03% of NAV.
Is Invesco India Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.658, Invesco India Arbitrage Fund is highly concentrated. The HHI concentration index is 21,397 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.72% of the portfolio.
What is the market cap allocation of Invesco India Arbitrage Fund?
Based on SEBI's AMFI classification, Invesco India Arbitrage Fund's equity portfolio is split as: Large Cap: 41.49%, Mid Cap: 18.74%, Small Cap: 2.32%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Invesco India Arbitrage Fund invest in most?
Invesco India Arbitrage Fund has the highest allocation to Banks (15.85%), CRISIL A1+ (9.80%), Finance (6.02%). The fund is invested across 46 sectors in total.
How actively managed is Invesco India Arbitrage Fund compared to other Arbitrage Fund funds?
Invesco India Arbitrage Fund has an Active Share of 56.15%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Invesco India Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Invesco India Arbitrage Fund added 22 new stocks (including Adani Power Limited) and exited 16 stocks (including Sanghi Industries Limited). Total holding count increased from 179 to 185 stocks.