Invesco India Multicap Fund Returned 21% Over Three Years: Is It A Good Fund To Invest In?

ET Wealth collaborates with Value Research to analyze the main mutual fundsWe analyse the fundamentals of the fund, its portfolio and its performance to help you make an informed investment decision.

INVESCO MULTICAP

BASIC DATA
RELEASE DATE
March 17, 2008
CATEGORY
EQUITY
GUY
MULTIPLE CAP
AUM*
3,736 crores
BENCHMARK
NIFTY 500 MULTICAP
50:25:25 TOTAL
RETURN INDEX

HOW MUCH DOES IT COST?
NAV**
GROWTH OPTION
133.8 rupees
IDCW
121.32 rupees
MINIMUM INVESTMENT
1,000 rupees

MINIMUM SIP AMOUNT
500 rupees

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EXPENSE RATIO# (%)
1.89
LOAD OUTPUT
For units exceeding 10% of the investment, 1% will be charged for redemption within 365 days.

*AS OF JULY 31, 2024
**AS OF AUGUST 28, 2024
#AS JULY 31, 2024

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FUND MANAGER
Amit Nigam/Dhimant Kothari
3.8 YEARS / 7 MONTHS

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Recent changes in the portfolio
New participants
Cummins India, Norton by Grindwell, Information systems, JK cement, KPIT Technology, Pharmaceutical Orchid, PB Financial Technology, Power grid, Shyam Metalics and Energy, Suven PharmacyTata Consumer, Transformers and rectifiers India, Trento (June).
Full outputs
Abbott India, Coal from IndiaKPR Mill, Kajaria PotteryL&T, Lupine, Maruti Suzuki, NHPC, NTPC, Samvardhana Motherson, SBI, Sundram Fasteners (June).
CreditAccess Grameen, Equitas Small Finance Bank, Varun Beverages, Zomato (July).

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Should you buy it?
In 2018, this fund transitioned from a mid- and small-cap offering to a multi-cap fund. Broadly, it has maintained a 40:60 allocation towards large-cap and mid- and small-cap companies over the years. The fund’s portfolio is fairly diversified, with modest positions in its top plays. It has grown in size in line with the broader opportunities offered by the market. The fund focuses on companies with a long-term growth track record and no sector bias. Performance remains erratic and it struggles to deliver consistent outperformance. However, its downside outperformance is encouraging.

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