Invesco India Financial Services Fund
Invesco Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund is heavily concentrated in financial services with banking alone commanding over half the portfolio, signaling conviction in India's credit cycle and digital banking expansion. The manager's recent trimming of MCX and ICICI Bank while adding L&T Finance suggests a subtle rebalancing toward diversified financials over exchange-linked plays. With 62% in just ten holdings and minimal cash, this is a concentrated bet that works when financial stocks outperform, but leaves little room for defensive positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹168.6300 | -1.40% | — | — | — | — | — |
| Regular Growth | ₹139.6100 | -1.50% | -4.74% | -3.09% | +6.32% | +18.06% | +15.67% |
| Direct IDCW | ₹86.8000 | -1.40% | — | — | — | — | — |
| Regular IDCW | ₹71.2000 | -1.49% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
29
Top 5 Weight
43.06%
Top 10 Weight
62.14%
Active Share
—
Large Cap
53.97%
Gini
0.387
What Changed2026-03-31 → 2026-04-30
Holdings: 30 → 31+1 added−0 removed21 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| L&T Finance Limited | 1.99% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 13.38% |
| 2 | ICICI Bank Limited INE090A01021 | 12.67% |
| 3 | Axis Bank Limited INE238A01034 | 7.62% |
| 4 | ICICI Prudential Asset Management Company Limited INE346A01027 | 4.72% |
| 5 | Karur Vysya Bank Limited INE036D01028 | 4.67% |
| 6 | Multi Commodity Exchange of India Limited INE745G01043 | 4.46% |
| 7 | BSE Limited INE118H01025 | 4.31% |
| 8 | Shriram Finance Limited INE721A01047 | 4.10% |
| 9 | Cholamandalam Investment and Finance Company Limited INE121A01024 | 3.25% |
| 10 | Nuvama Wealth Management Ltd INE531F01023 | 2.96% |
| 11 | Indian Bank INE562A01011 | 2.74% |
| 12 | Bank of Baroda INE028A01039 | 2.63% |
| 13 | Central Depository Services (India) Limited INE736A01011 | 2.63% |
| 14 | Muthoot Finance Limited INE414G01012 | 2.38% |
| 15 | SBI Life Insurance Company Limited INE123W01016 | 2.30% |
| 16 | Can Fin Homes Limited INE477A01020 | 2.28% |
| 17 | PB Fintech Limited INE417T01026 | 2.27% |
| 18 | IndusInd Bank Limited ^^^ INE095A01012 | 2.20% |
| 19 | The Federal Bank Limited INE171A01029 | 2.03% |
| 20 | L&T Finance Limited INE498L01015 | 1.99% |
Sector Allocation
Banks51.0%
Capital Markets20.6%
Finance17.6%
Insurance5.6%
Financial Technology (Fintech)3.6%
Top 10 sectors by % to NAV. Excludes derivatives.