Invesco India Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹947 Cr

Expense Ratio

0.59%

ISIN

INF205KA1AI8

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

27 Feb 2025

About this fund

Invesco India Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by Invesco Mutual Fund. This fund has been in existence for 11 months and 3 days, having been launched on 27-Feb-25.
As of 29-Jan-26, it has a Net Asset Value (NAV) of ₹12.12, Assets Under Management (AUM) of 946.77 Crores, and an expense ratio of 0.59%.

Invesco India Business Cycle Fund Direct Growth has given a CAGR return of 21.20% since inception.
The fund's asset allocation comprises around 97.62% in equities, 0.00% in debts, and 2.38% in cash & cash equivalents.
You can start investing in Invesco India Business Cycle Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

Since Inception

+21.20%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹924.25 Cr	97.62%
Others	₹22.53 Cr	2.38%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
AU Small Finance Bank Ltd	Equity	₹53.23 Cr	5.62%
InterGlobe Aviation Ltd	Equity	₹53.12 Cr	5.61%
Swiggy Ltd	Equity	₹46.18 Cr	4.88%
Trent Ltd	Equity	₹43.81 Cr	4.63%
Sai Life Sciences Ltd	Equity	₹42.98 Cr	4.54%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹42.81 Cr	4.52%
Eternal Ltd	Equity	₹41.99 Cr	4.44%
Cholamandalam Investment and Finance Co Ltd	Equity	₹40.4 Cr	4.27%
L&T Finance Ltd	Equity	₹37.88 Cr	4.00%
The Federal Bank Ltd	Equity	₹37.66 Cr	3.98%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹35.83 Cr	3.78%
Aditya Infotech Ltd	Equity	₹35.68 Cr	3.77%
Prestige Estates Projects Ltd	Equity	₹32.31 Cr	3.41%
Wework India Management Ltd	Equity	₹32.27 Cr	3.41%
Shriram Finance Ltd	Equity	₹30.15 Cr	3.18%
Sonata Software Ltd	Equity	₹27.57 Cr	2.91%
BSE Ltd	Equity	₹27.17 Cr	2.87%
Global Health Ltd	Equity	₹26.15 Cr	2.76%
Triparty Repo	Cash - Repurchase Agreement	₹23.64 Cr	2.50%
Multi Commodity Exchange of India Ltd	Equity	₹23.61 Cr	2.49%
Krishna Institute of Medical Sciences Ltd	Equity	₹23.33 Cr	2.46%
Apollo Hospitals Enterprise Ltd	Equity	₹23.08 Cr	2.44%
HDFC Asset Management Co Ltd	Equity	₹22.16 Cr	2.34%
Max Estates Ltd	Equity	₹17.78 Cr	1.88%
Hexaware Technologies Ltd Ordinary Shares	Equity	₹17.05 Cr	1.80%
JK Cement Ltd	Equity	₹16.18 Cr	1.71%
Glenmark Pharmaceuticals Ltd	Equity	₹15.65 Cr	1.65%
United Spirits Ltd	Equity	₹15.03 Cr	1.59%
Phoenix Mills Ltd	Equity	₹12.43 Cr	1.31%
Dixon Technologies (India) Ltd	Equity	₹10.95 Cr	1.16%
ABB India Ltd	Equity	₹8.78 Cr	0.93%
Timken India Ltd	Equity	₹6.59 Cr	0.70%
Ethos Ltd	Equity	₹5.92 Cr	0.63%
Grindwell Norton Ltd	Equity	₹5.09 Cr	0.54%
LTIMindtree Ltd	Equity	₹5.08 Cr	0.54%
Bansal Wire Industries Ltd	Equity	₹4.59 Cr	0.48%
Carborundum Universal Ltd	Equity	₹3.78 Cr	0.40%
Net Receivables / (Payables)	Cash - Collateral	₹-1.11 Cr	0.12%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹272.25 Cr	28.76%
Healthcare	₹174 Cr	18.38%
Consumer Cyclical	₹173.73 Cr	18.35%
Industrials	₹113.02 Cr	11.94%
Real Estate	₹94.8 Cr	10.01%
Technology	₹60.65 Cr	6.41%
Basic Materials	₹20.77 Cr	2.19%
Consumer Defensive	₹15.03 Cr	1.59%

Risk & Performance Ratios

Fund Managers

Aditya Khemani

Since February 2025

Additional Scheme Detailsas of 31st December 2025

ISIN

INF205KA1AI8

Expense Ratio

0.59%

Exit Load

No Charges

Fund Size

₹947 Cr

Age

11 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Motilal Oswal Nifty MNC ETF	-	-	-	-
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF	-	-	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	-	0.0%	-	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	-	0.0%	-	-
Groww Nifty Chemicals ETF Very High Risk	-	-	-	-
Diviniti Equity Long Short Fund Direct Growth Very High Risk	-	0.0%	₹288.91 Cr	-
Diviniti Equity Long Short Fund Regular Growth Very High Risk	-	0.0%	₹288.91 Cr	-
DSP MSCI INDIA ETF Very High Risk	0.4%	-	₹7.77 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	2.3%	0.0%	₹907.29 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹907.29 Cr	-
Altiva Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹1306.26 Cr	-
Magnum Hybrid Long Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹2118.93 Cr	-
Altiva Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹1306.26 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹2118.93 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.3%	1.0%	₹877.10 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.2%	1.0%	₹877.10 Cr	-
qsif Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
qsif Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.8%	0.0%	₹39.72 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.3%	0.0%	₹39.72 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.6%	1.0%	₹769.73 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.3%	1.0%	₹769.73 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹5.64 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1391.80 Cr	-
Kotak Active Momentum Fund Regular Growth Very High Risk	2.1%	0.0%	₹1391.80 Cr	-
Motilal Oswal Special Opportunities Fund Direct Growth Very High Risk	2.5%	1.0%	₹68.91 Cr	-
Motilal Oswal Special Opportunities Fund Regular Growth Very High Risk	2.6%	1.0%	₹68.91 Cr	-
Bandhan Multi-Factor Fund Regular Growth Very High Risk	2.4%	0.0%	₹588.87 Cr	-
Bandhan Multi-Factor Fund Direct Growth Very High Risk	0.8%	0.0%	₹588.87 Cr	-
ICICI Prudential Active Momentum Fund Direct Growth Moderate Risk	0.9%	1.0%	₹1438.36 Cr	-
ICICI Prudential Active Momentum Fund Regular Growth Moderate Risk	2.1%	1.0%	₹1438.36 Cr	-
Axis Services Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹1859.16 Cr	-
Axis Services Opportunities Fund Regular Growth Very High Risk	2.1%	1.0%	₹1859.16 Cr	-
Nippon India MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹440.65 Cr	-
Nippon India MNC Fund Regular Growth Very High Risk	2.5%	1.0%	₹440.65 Cr	-
HDFC Innovation Fund Direct Growth Very High Risk	0.7%	1.0%	₹2707.09 Cr	-
HDFC Innovation Fund Regular Growth Very High Risk	2.0%	1.0%	₹2707.09 Cr	-
Mirae Asset Nifty India Internet ETF Very High Risk	0.2%	-	₹18.35 Cr	-
Motilal Oswal Nifty India Tourism ETF Very High Risk	0.5%	-	₹4.71 Cr	-
Motilal Oswal Nifty India Manufacturing ETF Very High Risk	0.5%	-	₹1.92 Cr	-
Motilal Oswal Services Fund Direct Growth Very High Risk	1.5%	1.0%	₹97.55 Cr	-
Motilal Oswal Services Fund Regular Growth Very High Risk	2.5%	1.0%	₹97.55 Cr	-
ICICI Prudential Quality Fund Direct Growth Very High Risk	0.8%	1.0%	₹2316.38 Cr	-
ICICI Prudential Quality Fund Regular Growth Very High Risk	2.0%	1.0%	₹2316.38 Cr	-
Motilal Oswal Nifty Capital Market ETF Very High Risk	0.5%	-	₹108.91 Cr	-
Axis Nifty500 Momentum 50 ETF Very High Risk	-	-	-	-

About the AMC

Invesco Mutual Fund

+91 22 67310000

https://invescomutualfund.com/

Total AUM

₹1,45,462 Cr

Address

Unit No: 2101 A, 21st floor, A – Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai – 400 013 Maharashtra, India

Other Funds by Invesco Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Invesco India Consumption Fund Direct Growth Very High Risk	0.7%	0.0%	₹557.16 Cr	-
Invesco India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	0.0%	0.0%	₹288.84 Cr	-
Invesco India Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹946.77 Cr	-
Invesco India Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	1.0%	₹685.53 Cr	30.7%
Invesco India Technology Fund Direct Growth Very High Risk	0.8%	0.0%	₹330.51 Cr	2.5%
Invesco India Manufacturing Fund Direct Growth Very High Risk	0.8%	0.0%	₹703.27 Cr	2.0%
Invesco India Fixed Maturity Plan Series 34 Plan C Direct Growth Moderate Risk	-	0.0%	-	-
Invesco India Fixed Maturity Plan Series 35 Plan C Direct Growth Moderate Risk	-	-	-	-
Invesco India Fixed Maturity Plan Series 35 Plan B Direct Growth Moderate Risk	-	-	-	-
Invesco India Fixed Maturity Plan series 33 Plan C Direct Growth Moderate Risk	-	0.0%	-	-
Invesco India Fixed Maturity Plan Series 33 Plan E Direct Growth Moderate Risk	-	0.0%	-	-
Invesco India Fixed Maturity Plan series 32 Plan F Direct Growth Moderate Risk	-	0.0%	-	-
Invesco India Fixed Maturity Plan Series 34 Plan B Direct Growth Moderate Risk	-	0.0%	-	-
Invesco India Fixed Maturity Plan Series 35 Plan D Direct Growth Moderate Risk	-	-	-	-
Invesco India Fixed Maturity Plan Series 35 Plan A Direct Growth Moderate Risk	-	0.0%	-	-
Invesco India Equity Savings Fund Direct Growth Moderately High risk	0.8%	0.0%	₹393.74 Cr	4.1%
Invesco India Ultra Short Term Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1233.91 Cr	7.0%
Invesco India PSU Equity Fund Direct Growth Very High Risk	0.9%	1.0%	₹1448.71 Cr	25.6%
Invesco India Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1121.31 Cr	7.4%
Invesco India Tax Plan Direct Growth Very High Risk	0.8%	0.0%	₹2770.83 Cr	2.4%
Invesco India Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1702.95 Cr	7.1%
Invesco India Growth Opportunities Fund Direct Growth Very High Risk	0.6%	1.0%	₹9344.28 Cr	9.9%
Invesco India Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹7306.96 Cr	7.1%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹1598.82 Cr	25.5%
Invesco India largecap Fund Direct Growth Very High Risk	0.7%	0.0%	₹1718.39 Cr	11.2%
Invesco India Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹5214.99 Cr	7.2%
Invesco India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹296.72 Cr	3.8%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹27399.88 Cr	7.0%
Invesco India Contra Fund Direct Growth Very High Risk	0.5%	1.0%	₹20657.97 Cr	7.9%
Invesco India Gold Fund Direct Growth High Risk	0.1%	1.0%	₹340.85 Cr	112.5%
Invesco India Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	0.0%	₹1126.06 Cr	5.7%
Invesco India Infrastructure Fund Direct Growth Very High Risk	0.8%	1.0%	₹1417.03 Cr	0.2%
Invesco India Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹16203.24 Cr	6.4%
Invesco India Multicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹4129.87 Cr	-0.6%
Invesco India Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹10296.36 Cr	13.3%
Invesco India - Invesco Pan European Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹132.85 Cr	48.8%
Invesco India Smallcap Fund Direct Growth Very High Risk	0.4%	1.0%	₹9224.64 Cr	4.7%
Invesco India Focused 20 Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹4911.87 Cr	0.9%
Invesco India Equity & Bond Fund Direct Growth High Risk	0.7%	1.0%	₹828.19 Cr	4.2%
Invesco India - Invesco EQQQ NASDAQ-100 ETF Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹406.92 Cr	27.4%
Invesco India Credit Risk Fund Direct Growth Moderate Risk	0.3%	1.0%	₹155.57 Cr	10.0%
Invesco India Invesco Global Consumer Trends Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹601.83 Cr	28.7%
Invesco India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹170.63 Cr	6.9%
Invesco India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹690.27 Cr	5.7%
Invesco India ESG Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹433.86 Cr	0.3%
Invesco India Nifty G-sec Sep 2032 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹46.64 Cr	6.8%
Invesco India Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4723.38 Cr	7.1%
Invesco India Nifty G-sec Jul 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹75.88 Cr	7.6%
Invesco India - Invesco Global Equity Income Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹208.52 Cr	24.7%
Invesco India Medium Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹175.91 Cr	6.7%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Invesco India Business Cycle Fund Direct Growth?

The NAV of Invesco India Business Cycle Fund Direct Growth, as of 29-Jan-2026, is ₹12.12.

What is the portfolio composition of Invesco India Business Cycle Fund Direct Growth?

The fund's allocation of assets is distributed as 97.62% in equities, 0.00% in bonds, and 2.38% in cash and cash equivalents.

Who manages the Invesco India Business Cycle Fund Direct Growth?

The fund managers responsible for Invesco India Business Cycle Fund Direct Growth are:-

Aditya Khemani

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Invesco India Business Cycle Fund Direct Growth

Fund Overview