Invesco India Business Cycle Fund
The fund remains positioned for cyclical recovery, with concentrated bets on financials, healthcare, and consumer discretionary—sectors expected to benefit from economic expansion. The sharp increase in cash-equivalent exposure (Triparty Repo) alongside reduced healthcare weighting suggests the manager is taking tactical profits on stretched valuations while preserving dry powder, signaling cautious optimism rather than aggressive conviction. With 49% in top 10 holdings, the portfolio trades diversification for concentrated upside in recovery plays.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹13.1200 | — | — | — | — |
| Regular Growth | ₹12.8600 | +3.63% | +12.31% | — | — |
| Direct IDCW | ₹13.1300 | — | — | — | — |
| Regular IDCW | ₹12.8600 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Max Healthcare Institute Limited INE027H01010 | 5.90% |
| 2 | Triparty Repo | 5.70% |
| 3 | Aditya Infotech Limited INE819V01029 | 5.48% |
| 4 | Sai Life Sciences Limited INE570L01029 | 4.98% |
| 5 | InterGlobe Aviation Limited INE646L01027 | 4.92% |
| 6 | BSE Limited INE118H01025 | 4.89% |
| 7 | Prestige Estates Projects Limited INE811K01011 | 4.63% |
| 8 | Amber Enterprises India Limited INE371P01015 | 4.43% |
| 9 | Trent Limited INE849A01020 | 4.18% |
| 10 | AU Small Finance Bank Limited INE949L01017 | 3.89% |
| 11 | Eternal Limited INE758T01015 | 3.67% |
| 12 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 3.65% |
| 13 | IndusInd Bank Limited ^^^ INE095A01012 | 3.60% |
| 14 | The Federal Bank Limited INE171A01029 | 3.54% |
| 15 | L&T Finance Limited INE498L01015 | 3.30% |
| 16 | Swiggy Limited INE00H001014 | 3.18% |
| 17 | Wework India Management Limited INE085001019 | 2.87% |
| 18 | RBL Bank Limited INE976G01028 | 2.56% |
| 19 | Krishna Institute Of Medical Sciences Limited INE967H01025 | 2.52% |
| 20 | JK Cement Limited INE823G01014 | 2.51% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Invesco India Business Cycle Fund hold?
Invesco India Business Cycle Fund holds 35 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.17% of NAV.
What is the largest holding in Invesco India Business Cycle Fund?
The largest position in Invesco India Business Cycle Fund is Max Healthcare Institute Limited, accounting for 5.90% of NAV in the Healthcare Services sector.
Is Invesco India Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.336, Invesco India Business Cycle Fund is well-diversified. The HHI concentration index is 34,324 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.17% of the portfolio.
What is the market cap allocation of Invesco India Business Cycle Fund?
Based on SEBI's AMFI classification, Invesco India Business Cycle Fund's equity portfolio is split as: Large Cap: 28.83%, Mid Cap: 36.92%, Small Cap: 28.83%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Invesco India Business Cycle Fund invest in most?
Invesco India Business Cycle Fund has the highest allocation to Banks (13.59%), Healthcare Services (12.14%), Retailing (11.03%). The fund is invested across 16 sectors in total.
How actively managed is Invesco India Business Cycle Fund compared to other Sectoral / Thematic funds?
Invesco India Business Cycle Fund has an Active Share of 87.64%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.