Invesco India Financial Services Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹170.9300 | -1.43% | — | — | — |
| Regular Growth | ₹141.5000 | -1.53% | +6.40% | +18.38% | +15.98% |
| Direct IDCW | ₹87.9700 | -1.43% | — | — | — |
| Regular IDCW | ₹72.1600 | -1.53% | — | — | — |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Invesco India Financial Services Fund hold?
Invesco India Financial Services Fund holds 29 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 43.06% of NAV.
What is the largest holding in Invesco India Financial Services Fund?
The largest position in Invesco India Financial Services Fund is HDFC Bank Limited, accounting for 13.38% of NAV in the Banks sector.
Is Invesco India Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.387, Invesco India Financial Services Fund is well-diversified. The HHI concentration index is 59,086 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 43.06% of the portfolio.
What is the market cap allocation of Invesco India Financial Services Fund?
Based on SEBI's AMFI classification, Invesco India Financial Services Fund's equity portfolio is split as: Large Cap: 53.97%, Mid Cap: 20.21%, Small Cap: 19.80%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Invesco India Financial Services Fund invest in most?
Invesco India Financial Services Fund has the highest allocation to Banks (50.98%), Capital Markets (20.64%), Finance (17.58%). The fund is invested across 5 sectors in total.
How actively managed is Invesco India Financial Services Fund compared to other Sectoral / Thematic funds?
Invesco India Financial Services Fund has an Active Share of 85.85%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Invesco India Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Invesco India Financial Services Fund added 1 new stock (including L&T Finance Limited). Total holding count increased from 30 to 31 stocks.