Invesco India Business Cycle Fund
Invesco Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹12.9500 | — | — | — | — | — | — |
| Regular Growth | ₹12.7000 | +6.01% | +0.47% | -1.24% | +12.69% | — | — |
| Direct IDCW | ₹12.9600 | — | — | — | — | — | — |
| Regular IDCW | ₹12.7000 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
35
Top 5 Weight
26.17%
Top 10 Weight
46.97%
Active Share
—
Large Cap
28.83%
Gini
0.336
What Changed2026-03-31 → 2026-04-30
Holdings: 37 → 37+0 added−0 removed22 weight shifts ≥ 0.1%
| 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
Banks13.6%
Healthcare Services12.1%
Retailing11.0%
Realty7.3%
Capital Markets7.1%
Finance7.0%
Pharmaceuticals & Biotechnology6.8%
Consumer Durables5.9%
Industrial Manufacturing5.5%
Transport Services4.9%
Top 10 sectors by % to NAV. Excludes derivatives.