Invesco India Smallcap Fund
The fund is positioned for structured growth in healthcare and financial services, reflecting conviction in quality smallcaps with earnings visibility. The concentrated top-10 portfolio and strategic entry into cyclical plays like cement and chemicals signal the manager is rotating toward diversified value while trimming high-flying consumer disruptors like Swiggy. This tactical rebalancing suggests measured confidence in economic resilience and selective sector rotation away from momentum-driven segments.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹47.6000 | — | — | — | — |
| Regular Growth | ₹42.5100 | +3.36% | +6.86% | +23.44% | +21.87% |
| Direct IDCW | ₹35.3600 | — | — | — | — |
| Regular IDCW | ₹30.4000 | — | — | — | — |
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 |
|---|---|
| Paradeep Phosphates Limited | 1.12% |
| JK Cement Limited | 0.29% |
| Grindwell Norton Limited | 0.23% |
| Deepak Nitrite Limited | 0.05% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Amber Enterprises India Limited INE371P01015 | 4.87% |
| 2 | Sai Life Sciences Limited INE570L01029 | 4.79% |
| 3 | Max Healthcare Institute Limited INE027H01010 | 4.12% |
| 4 | InterGlobe Aviation Limited INE646L01027 | 3.88% |
| 5 | Krishna Institute Of Medical Sciences Limited INE967H01025 | 3.84% |
| 6 | Aditya Infotech Limited INE819V01029 | 3.52% |
| 7 | Eternal Limited INE758T01015 | 3.52% |
| 8 | BSE Limited INE118H01025 | 3.00% |
| 9 | RBL Bank Limited INE976G01028 | 2.69% |
| 10 | Karur Vysya Bank Limited INE036D01028 | 2.57% |
| 11 | Prestige Estates Projects Limited INE811K01011 | 2.47% |
| 12 | Trent Limited INE849A01020 | 2.27% |
| 13 | Global Health Limited INE474Q01031 | 2.22% |
| 14 | The Federal Bank Limited INE171A01029 | 2.19% |
| 15 | Corona Remedies Limited INE02ZQ01018 | 2.19% |
| 16 | Ather Energy Limited INE0LEZ01016 | 2.05% |
| 17 | L&T Finance Limited INE498L01015 | 1.89% |
| 18 | JK Lakshmi Cement Limited INE786A01032 | 1.87% |
| 19 | Delhivery Limited INE148O01028 | 1.83% |
| 20 | Dr Agarwals Health Care Limited INE943P01029 | 1.74% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Invesco India Smallcap Fund hold?
Invesco India Smallcap Fund holds 67 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 21.50% of NAV.
What is the largest holding in Invesco India Smallcap Fund?
The largest position in Invesco India Smallcap Fund is Amber Enterprises India Limited, accounting for 4.87% of NAV in the Consumer Durables sector.
Is Invesco India Smallcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.404, Invesco India Smallcap Fund is well-diversified. The HHI concentration index is 23,430 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 21.50% of the portfolio.
What is the market cap allocation of Invesco India Smallcap Fund?
Based on SEBI's AMFI classification, Invesco India Smallcap Fund's equity portfolio is split as: Large Cap: 13.79%, Mid Cap: 19.63%, Small Cap: 63.99%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Invesco India Smallcap Fund invest in most?
Invesco India Smallcap Fund has the highest allocation to Healthcare Services (12.10%), Banks (10.77%), Pharmaceuticals & Biotechnology (8.40%). The fund is invested across 24 sectors in total.
How actively managed is Invesco India Smallcap Fund compared to other Small Cap Fund funds?
Invesco India Smallcap Fund has an Active Share of 83.01%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Invesco India Smallcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Invesco India Smallcap Fund added 4 new stocks (including Paradeep Phosphates Limited). Total holding count increased from 65 to 69 stocks.