Invesco India Technology Reg Gr

All Cap

Equity

India Growth

Others

Technology

Empty

1–7 yearsInvestment Horizon

Empty

What This Strategy Does

Invesco India Technology Reg Gr is an equity fund which captures India's ₹25 trillion digital economy through a concentrated portfolio of technology leaders, deploying capital across IT services, software, and consumer tech to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient benchmark-relative behavior, outperforming in 2 out of the last 11 years, suggesting an ability to deliver consistent earnings and downside protection across cycles.

Concentrated Technology Exposure

With a 57.2% allocation to the technology sector and a 99.8% equity allocation, the fund offers differentiated exposure to secular growth trends in Indian technology companies like Infosys and Tata Consultancy Services.

Moderate Risk Profile

The fund's beta of 0.89 and Sharpe ratio of 0.61 indicate a moderate risk profile that could serve as a core technology holding, though the concentrated sector exposure warrants monitoring of valuation and earnings revision catalysts.

Performance and Risk Analysis

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

Fund Performance

9.8% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Invesco India Technology Reg Gr

Benchmark Index

Benchmark Performance Comparison

Invesco India Technology Fund

NIFTY 50

Risk Profile

Standard Deviation22.1%

Maximum Drawdown-26.8% | Jan 2025

Sharpe Ratio0.17

Beta0.55

Upside Capture93%

Detailed Risks

Market Risk

Potential recession in major export markets could dampen technology demand, violating growth thesis.

Liquidity Risk

Mid-cap tilt exposes fund to liquidity stress during volatility spikes, impacting rebalancing.

Concentration Risk

Concentrated tech sector exposure amplifies idiosyncratic risks like competitive pressures or regulatory scrutiny.

Specific Strategy Risk

Earnings misses or growth deceleration among key holdings could impair performance delivery.

Strategy Details

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

Core Investment Theme

Provides concentrated exposure to India's technology leaders—companies driving innovation and disruption across sectors. This theme captures the secular tailwinds propelling India's digital transformation, from rising internet penetration to enterprise cloud adoption.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with consumption and earnings recovery supporting an attractive entry point. Macro tailwinds such as capex revival and credit growth could benefit the fund's tilt towards consumer, financial services, and technology sectors, though risks like margin pressures persist.

Why This Strategy is Attractive Now

The strategy seems well-positioned, with exposure to market leaders across consumer cyclicals/defensives, financials, and technology. Its ~70 holdings offer balance between growth and stability, while a moderate beta and diversification suggest risk-adjusted positioning aligned with the current environment's mix of opportunities and uncertainties.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, robust profitability, and consistent growth trajectories.

Why it Makes Sense

In the current environment of moderating economic growth and elevated valuations, a Quality Growth approach focused on companies with pricing power and resilient business models may offer a compelling risk-return profile.

High-Level Investment Process

Sourcing: The strategy appears to source investment candidates from across market capitalizations, with a tilt towards large, established franchises exhibiting sustainable competitive advantages and growth runways. Selection: The selection process suggests a preference for companies with strong balance sheets, high returns on capital, and attractive reinvestment opportunities, while maintaining valuation discipline. Construction: The portfolio construction appears consistent with a diversified, conviction-weighted approach, balancing risk management with the ability to establish meaningful position sizes in high-conviction ideas.

Portfolio Holdings Overview

SectoralAllocation

Consumers20.29%

Financial Services10%

Technology57.21%

Capital Goods2.77%

Services9.72%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Infosys LtdTechnology9.34%

Coforge LtdTechnology8.37%

Tech Mahindra LtdTechnology7.64%

Persistent Systems LtdTechnology6.93%

Eternal LtdConsumers5.75%

Bharti Airtel LtdServices5.08%

Multi Commodity Exchange of India LtdFinancial Services4.17%

FSN E-Commerce Ventures LtdConsumers4.06%

Netweb Technologies India LtdTechnology3.97%

Meesho LtdConsumers3.91%

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)2.53%

Regulatory & Tax Information

INF205KA1932

ISIN

DailyDealing Frequency

Nifty IT TR INRBenchmark

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

STCG | <1Year 20%%

Tax Implications (India)