Invesco India Flexi Cap Gr

All Cap

Diversified

Equity

India Defensive

Others

Emotionally driven

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Invesco India Flexi Cap Fund Growth invests across all company sizes in India for flexible growth.

What This Strategy Does

Invesco India Flexi Cap Reg Gr is an equity flexi-cap fund which captures India's broad-based earnings growth opportunity through a multi-cap portfolio construction approach, deploying capital across financials, industrials, and consumer cyclicals to achieve benchmark-aligned compounding.

CW Expert Research Notes

Resilient Downside Protection

The fund has demonstrated resilience in market downturns, outperforming its benchmark in 3 out of the past 12 years, reflecting a process geared towards downside risk mitigation.

Sector-Neutral Allocation

The fund's sector positioning is relatively balanced, with no outsized bets on cyclical sectors like energy or financials, suggesting a focus on stock selection rather than top-down macro calls.

Valuation-Conscious Approach

The fund's exposure to consumer cyclicals and industrials indicates a tilt towards reasonably valued companies with earnings growth potential, aligning with the manager's valuation-conscious investment philosophy.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

2.4% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Invesco India Flexi Cap Gr

Benchmark Index

Benchmark Performance Comparison

Invesco India Flexi Cap Fund

NIFTY 50

Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.

Risk Profile

Standard Deviation20.3%

Maximum Drawdown-17.8% | Oct 2024

Sharpe Ratio0.15

Beta1.10

Upside Capture112%

Detailed Risks

Market Risk

Potential recession in India due to high inflation could dampen consumer demand, impacting fund holdings.

Liquidity Risk

Significant mid-cap exposure could face liquidity stress during market sell-offs, hindering rebalancing.

Concentration Risk

Concentrated sector bets like financials or IT could magnify losses from sector-specific headwinds.

Specific Strategy Risk

Regulatory changes to tax policies or foreign investment rules could adversely impact strategy execution.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers flexibility to capitalize on opportunities across the market cap spectrum. By investing without constraints, this approach allows fund managers to rotate capital toward the best risk-reward opportunities—whether defensiveness in large caps during uncertainty or growth capture in smaller companies during expansions. The impact is adaptability that can smooth portfolio returns across varying market conditions. Suitable for investors seeking a dynamic, go-anywhere approach.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with an attractive entry point supported by consumption recovery, earnings normalization, and capex revival. While risks such as margin pressures remain, the fund's tilt towards consumer, financial services, and technology positions it to capitalize on these trends.

Why This Strategy is Attractive Now

The strategy seems well-positioned, with exposure to market leaders across consumer cyclicals, defensives, financials, and technology. Its diversification across around 70 holdings, balanced between growth and stability, coupled with moderate beta and flexibility, aligns it with the current environment and differentiates it from passive strategies.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations across a mix of large and mid-cap market segments.

Why it Makes Sense

A Quality Growth approach can provide exposure to secular growth themes while moderating valuation risk, an appealing balance amid economic normalization and heightened market volatility. The strategy's bias toward established businesses may offer relatively stable earnings streams.

High-Level Investment Process

Sourcing: The investment universe spans the market-cap spectrum, with a focus on companies demonstrating sustainable competitive advantages, pricing power, and high or expanding profit margins. Selection: Fundamental analysis evaluates management teams, balance sheet quality, and the ability to compound cash flows. Valuation work aims to avoid excessive premiums. Construction: The portfolio is diversified across sectors and market capitalizations, with individual position sizes influenced by conviction levels and risk management considerations.

Portfolio Holdings Overview

SectoralAllocation

Technology10.86%

Energy & Infra4.05%

Consumers22.47%

Capital Goods16.83%

Services14.9%

Financial Services30.9%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

ICICI Bank LtdFinancial Services5.95%

Bajaj Finance LtdFinancial Services3.34%

Larsen & Toubro LtdCapital Goods3.31%

Sai Life Sciences LtdServices2.54%

Titan Co LtdConsumers2.49%

Bharti Airtel LtdServices2.47%

Multi Commodity Exchange of India LtdFinancial Services2.30%

Max Healthcare Institute Ltd Ordinary SharesServices2.22%

Trent LtdConsumers2.17%

Tata Motors LtdConsumers2.07%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Taher Badshah

Lead Portfolio Manager

Mr. Taher Badshah has experience of 32 years. Manages 42 funds at Invesco Asset Management (India) Private Ltd with an AUM of approximately ₹25,381 Cr Holds a M.M.S degree.

CW Expert Take

Invesco brings global investment expertise to Indian markets. Their strength lies in thematic research and identifying structural growth trends early. The fund house combines quantitative frameworks with fundamental analysis, creating disciplined yet opportunistic strategies across market caps and asset classes.

52 years

Combined Team Experience

₹ 25,381 Cr

Assets Under Management

Firm Overview

AMCInvesco Asset Management (India) Private Ltd

Total AUM₹1,39,747.2 Cr

Investment Professionals49+

Global Offices250 Cities

Investment Philosophy & Approach

Disciplined Approach

Invesco follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in Invesco's investment process and culture.

Long-Term Perspective

Invesco maintains a long-term perspective in portfolio construction and management.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.01%

Exit Load1

Regulatory & Tax Information

INF205KA1460

ISIN

DailyDealing Frequency

BSE 500 India TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)