Invesco India Growth Opportunities Fund (Growth) is recommended for investment within diversified mutual funds.
Diversified funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Invesco Asset Management (India) Private Ltd manages assets worth 46,890 crores and was set up on 20 May 2005. It's current offering of mutual fund schemes includes 36 equity,111 debt and 14 hybrid funds.
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Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
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Invesco India Growth Opportunities Fund-Growth is an open-ended diversified equity mutual fund scheme. It predominantly invests its corpus in equity and equity-related securities of large-cap and mid-cap companies. The fund aims to offer capital appreciation over the long term. the fund utilizes both top-down & bottom-up approaches while investing in large-cap and mid-cap companies. The fund was previously known as Invesco India Growth Gr. Invesco Asset Management (India) Private Ltd manages the fund with the fund manager being Mr. Pranav Gokhale and Mr. Taher Badshah.
Invesco India Growth Opportunities Fund-Growth Investment Objective
The investment objective of the Scheme is to generate capital appreciation from a diversified portfolio of predominantly Equity and Equity Related Instruments of Large and Midcap companies. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The fund also aims to generate consistent outcomes in all market conditions. The investment strategy is not biased towards any individual sector or style. The fund has an asset allocation of 99.1% in equity holdings and 0.9% in cash and cash equivalents. Its top 3 equity holding are in stocks of ICICI Bank Limited, Infosys Limited, and HDFC Bank Limited. This fund is meant for investors with a minimum investment horizon of 5-7 years
Invesco India Growth Opportunities Fund-Growth Scheme Details
On 9th August 2007, Invesco Mutual Fund had launched the scheme. The fund has been in existence for the past 14 years.
NAV and Returns – As of 1st July 2021, the NAV of the fund is Rs 47.71. The risk-o-meter of the fund is very high risk. With an existence of over 14 years, Invesco India Growth has delivered a return of 11.90% since its inception.
Minimum Investment – The fund requires a minimum SIP investment of Rs 1,000 and a minimum lump sum investment of Rs 5,000
Expense Ratio and Exit Load – The fund charges an expense ratio of 1.94% on the units of the mutual funds. Moreover, this expense ratio is similar to the expense ratio charged by other AMCs for similar funds in the same category.
Exit Load
Condition
NIL
If up to 10% of Units allotted are redeemed or switched out within 1 year from the date of allotment.
1%
For any redemption or switch out in excess of 10% of units allotted within one year from the date of allotment.
NIL
If units are redeemed or switched out after 1 year from the date of allotment.
Fund Manager – The fund is managed by Mr. Pranav Gokhale and Mr. Taher Badshah. Mr. Pranav Gokhale has experience of over 19 years in the Indian Equity Market. He has been managing the fund since 19th May 2020. Mr. Taher Badshah has experience of over 27 years in the Indian Equity Market. Currently, he is the Chief Investment Officer – Equities. He is responsible for the equity investment function at the firm. Mr. Taher Badshah has been managing the fund since 13th January 2017.
Other Details – There is no lock-in period for the scheme, you can redeem your investment anytime. The AUM of Invesco India Growth Opportunities Fund-Growth as of 1st July 2021 is Rs 3,836 cr. The fund benchmarks to S&P BSE 100 India TR INR. This fund is meant for investors with a minimum investment horizon of 10-15 years.
1 Year Return
51.50%
3 Years Return
13.70%
5 Years Return
15%
10 Years Return
13.80%
Returns Updated as of 1st July 2021
Invesco India Growth Opportunities Fund-Growth Top Stock Holdings
The Invesco India Growth Opportunities Fund-Growth has invested its assets majorly in the stocks of the following companies:
Company
Percentage of Holding (As of 1st July 2021)
ICICI Bank Limited
6.70%
Infosys Limited
6.20%
HDFC Bank Limited
6.10%
Reliance Industries Limited SHS Dematerialised
6%
Mphasis Limited
3.50%
Axis Bank Limited
3.30%
Vinati Organics Limited
3.20%
Voltas Limited SHS Dematerialised
3%
Asset Allocation of Invesco India Growth Opportunities Fund-Growth
The Invesco India Growth Opportunities Fund-Growth has invested in the following sectors:
Sector
Percentage of Holding (As of 1st July 2021)
Financial Services
28.60%
Consumer Cyclical
15.90%
Technology
13.40%
Industrial
11.90%
Basic Materials
11.10%
Healthcare
8.40%
Energy
6%
Consumer Defensive
2.70%
Utilities
1.10%
Invesco India Growth Opportunities Fund-Growth Review
Scripbox recommends Invesco India Growth Opportunities Fund-Growth for investment within the diversified equity mutual fund category. Diversified mutual funds invest in large-cap, mid-cap, and small-cap stocks. By investing in diversified funds, investors would still be affected by the volatility of equities in changing market conditions. These funds provide inflation-beating growth and capital appreciation over the long term. These funds are suitable for an investment duration of 10-15 years or longer (minimum 5 years).
The fund has a sufficient history of 14 years for analysis. Track record is excellent.
With an AUM or relative size of Rs 3,836 cr, the fund is large in size with its category.
The scheme has performed well consistently over a period of time and the returns earned are similar to other funds in the same category of mutual funds.
How Scripbox Algorithmically Selects Mutual Funds?
Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.
Once we select an asset class, our algorithm goes to work to select the best financial products.
The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:
Track record of the product – how long has it been around?
Assets under management – how big is it – for example, the size of a mutual fund
Liquidity – how easy is it to move in or out of the product?
Consistency of performance – how much have the returns fluctuated?
The risk associated with the product – what risks impact the product?
Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds
With such a scientific and detailed approach Scripbox ensures:
