Invesco India Focused Fund
The fund maintains a highly concentrated 25-stock portfolio tilted toward cyclicals—banks, transport, autos, and capital markets together represent over 43 percent of holdings. The manager's conviction is evident in the aggressive positioning of quality franchises like ICICI and HDFC Bank alongside higher-growth bets like Ather Energy and InterGlobe Aviation, suggesting confidence in a durable consumption and infrastructure cycle. The recent exit from liquid funds and tripling of repo exposure signal a tactical shift toward liquidity management while keeping dry powder ready.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹28.3100 | — | — | — | — | — | — |
| Regular Growth | ₹26.0400 | +2.00% | +0.00% | -6.16% | -5.55% | +21.11% | +15.88% |
| Direct IDCW | ₹20.8200 | — | — | — | — | — | — |
| Regular IDCW | ₹18.7400 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| The Phoenix Mills Limited | 1.93% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.36% |
| 2 | Larsen & Toubro Limited INE018A01030 | 7.90% |
| 3 | HDFC Bank Limited INE040A01034 | 7.16% |
| 4 | InterGlobe Aviation Limited INE646L01027 | 5.80% |
| 5 | Ather Energy Limited INE0LEZ01016 | 5.17% |
| 6 | Hitachi Energy India Limited INE07Y701011 | 5.04% |
| 7 | Hindustan Aeronautics Limited INE066F01020 | 5.03% |
| 8 | Triparty Repo | 4.70% |
| 9 | Nuvama Wealth Management Ltd INE531F01023 | 4.62% |
| 10 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 4.51% |
| 11 | Coforge Limited INE591G01025 | 4.32% |
| 12 | Delhivery Limited INE148O01028 | 4.22% |
| 13 | Persistent Systems Ltd ‡ INE262H01021 | 4.19% |
| 14 | TVS Motor Company Limited INE494B01023 | 4.11% |
| 15 | Dixon Technologies (India) Limited INE935N01020 | 4.06% |
| 16 | Eternal Limited INE758T01015 | 4.06% |
| 17 | Global Health Limited INE474Q01031 | 3.54% |
| 18 | Multi Commodity Exchange of India Limited INE745G01043 | 3.45% |
| 19 | BEML Limited INE258A01024 | 2.71% |
| 20 | Aditya Birla Real Estate Limited INE055A01016 | 2.05% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.