Invesco India Manufacturing Fund
The fund maintains a distinctly domestic manufacturing tilt with nearly 16% committed to auto components and heavy representation across industrials, pharma, and automobiles—reflecting conviction in India's production-linked growth story. The concentrated top-10 holding of 34% signals selective stock-picking within the manufacturing ecosystem rather than broad diversification. The modest exit and marginal rebalancing toward Eicher Motors suggest the manager is fine-tuning exposure to capital-intensive auto plays while staying committed to the core manufacturing thesis, with negligible cash positioning indicating full deployment in conviction names.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹10.6200 | — | — | — | — | — | — |
| Regular Growth | ₹10.3400 | +5.19% | +3.40% | +1.97% | +5.30% | — | — |
| Direct IDCW | ₹10.6200 | — | — | — | — | — | — |
| Regular IDCW | ₹10.3500 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Mahindra & Mahindra Limited INE101A01026 | 6.17% |
| 2 | Bharat Electronics Limited INE263A01024 | 3.80% |
| 3 | Divi's Laboratories Limited INE361B01024 | 3.47% |
| 4 | Tenneco Clean Air India Limited INE19RI01016 | 3.29% |
| 5 | Amber Enterprises India Limited INE371P01015 | 3.27% |
| 6 | Polycab India Limited INE455K01017 | 3.21% |
| 7 | TVS Motor Company Limited INE494B01023 | 2.97% |
| 8 | Cipla Limited INE059A01026 | 2.77% |
| 9 | JK Cement Limited INE823G01014 | 2.68% |
| 10 | Sedemac Mechatronics Limited INE00XB01019 | 2.66% |
| 11 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.63% |
| 12 | Hindustan Aeronautics Limited INE066F01020 | 2.51% |
| 13 | Eicher Motors Limited INE066A01021 | 2.39% |
| 14 | Craftsman Automation Limited INE00LO01017 | 2.36% |
| 15 | Grasim Industries Limited INE047A01021 | 2.35% |
| 16 | Sai Life Sciences Limited INE570L01029 | 2.28% |
| 17 | Bansal Wire Industries Limited INE0B9K01025 | 2.26% |
| 18 | ABB India Limited INE117A01022 | 2.24% |
| 19 | Tata Motors Ltd INE1TAE01010 | 2.23% |
| 20 | Hindalco Industries Limited INE038A01020 | 2.14% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.