Invesco India – Invesco Global Equity Income FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Invesco India – Invesco Global Equity Income FoF Direct Growth Plan is an overseas fund of fund with a current NAV of ₹41.9377 as of 10 September 2026 and scheme AUM of ₹311 Cr. Its 1-year, 3-year and 5-year returns are 21.39%, 23.15% and 17.57%, and it sits in the High Risk bucket. Our view is that the fund has rewarded long holding periods better than the benchmark, but the path has been uneven, so it suits investors who can accept overseas equity swings.
The portfolio is highly focused, with most assets tied to one overseas mutual fund holding and only a small cash buffer. That concentration can support performance when the underlying strategy works, but it also means the fund can move sharply when global markets or currency trends turn less favourable.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹41.9377 as of 10 Sep 2026 |
| AUM | ₹311 Cr |
| Expense Ratio | 0.87% |
| Launch Date | 05 May 2014 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | Nil upto 10% of units and 1% for above the limits on or before 1Y, Nil after 1Y |
| Fund Managers | Sagar Gandhi |
The fund is managed by Sagar Gandhi.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.43% | -4.06% |
| 3M | 2.58% | 1.37% |
| 1Y | 21.39% | -7.31% |
| 3Y | 23.15% | 6.07% |
| 5Y | 17.57% | 5.91% |
Short-term performance has been mixed, but the fund still held up better than the benchmark over both 1 month and 3 months. The 1-month figure was negative, which tells us the recent run has not been smooth, yet the decline was milder than the benchmark’s decline in the same period.
The picture improves sharply over 1 year and beyond. The fund’s 1-year return is well ahead of the benchmark, and the 3-year and 5-year figures also stay comfortably above the index. That gap suggests the fund has delivered stronger compounding than the benchmark across full market cycles, even though the path to get there has not been steady.
The return pattern also shows that shorter horizons can look different from the medium- and long-term trend. The recent weakness does not erase the stronger 3-year and 5-year record, but it does remind us that overseas equity exposure can move quickly in both directions. For investors, that means patience matters more here than any single month’s reading.
Because the benchmark is NIFTY 50, the comparison is directional rather than a like-for-like overseas index match. Even so, the fund’s returns have consistently stayed ahead across the displayed horizons, which supports a constructive long-term reading despite near-term volatility.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Invesco India – Invesco Global Equity Income FoF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Invesco India – Invesco Global Equity Income FoF? Thinking of investing now?
Peer comparison
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Invesco India – Invesco Global Equity Income FoF Direct Growth Plan | 21.39% | 23.15% | 17.57% |
| Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan | 55.7% | 29.52% | 11.97% |
| HSBC Global Emerging Markets Fund Direct Growth Plan | 52.99% | 29.63% | 12.76% |
| Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan | 46% | 27.35% | 12.66% |
| HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan | 39.66% | 28.4% | 15.47% |
| HSBC Brazil Fund Direct Growth Plan | 36.09% | 16.75% | 9.97% |
The fund’s 1-year return trails the stronger peer figures in this group, but its 3-year return still compares well on a longer horizon. That tells us the recent stretch has been more modest than several peers, while the medium-term record remains competitive.
The 5-year comparison is more balanced. The fund’s 5-year return is above every peer listed here, which suggests that its longer compounding pattern has been stronger even though the recent year has not matched the fastest peer gains. In other words, the short-term and long-term peer comparisons tell different stories: some peers have surged recently, while this fund has kept a steadier edge over the longer run.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Invesco Global Equity Income Fund Accumulated C ## | Overseas Mutual Fund Units | 96.34% |
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 3.75% |
The largest holding is substantial at 96.34%, so the fund’s return profile is likely to be closely tied to the performance of that underlying overseas strategy. That single position leaves limited room for diversification inside the fund itself.
The weight drops from 96.34% to 3.75% for the second holding, which means the portfolio is not spread across many separate securities. With only 2 disclosed holdings, the structure is compact and may behave more like a concentrated feeder into one global equity income approach than a broadly diversified basket.
The top disclosed holdings account for 100% of the portfolio, so the visible allocation is fully concentrated in the two reported positions. That concentration could help when the core overseas fund does well, but it may also increase sensitivity to changes in the underlying fund, overseas markets and cash deployment timing.
Source data date: as of 10 Sep 2026
Who should invest
This fund is better suited to investors with a high risk tolerance and a longer horizon, because the riskometer reads High Risk and the recent return path has been uneven. The 3-year and 5-year numbers show the strategy can compound well over time, but the 1-month and 1-year moves also show that shorter periods can be choppy.
Our view is that it fits investors who want overseas equity exposure through a focused fund of fund and who can tolerate performance that may differ from domestic equity cycles. The main trade-off is concentration: the portfolio is heavily tied to one underlying overseas fund, which may support stronger long-run outcomes but can also amplify volatility when conditions turn less favourable.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil up to 10% of units and 1% for above the limit on or before 1 year; nil after 1 year.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Invesco India – Invesco Global Equity Income FoF Direct Growth Plan?
Its current NAV is ₹41.9377 as of 10 September 2026.
How has the fund performed over 1 year, 3 years and 5 years?
Its 1-year return is 21.39%, 3-year return is 23.15% and 5-year return is 17.57%.
How does it compare with the benchmark?
It has beaten the benchmark across every displayed period, including 1 month, 3 months, 1 year, 3 years and 5 years.
How does it compare with the listed peer funds?
Its 1-year return is lower than several listed peers, but its 5-year return is higher than all the peer funds shown here.
Is there a minimum SIP requirement?
Yes, the minimum SIP amount is ₹500.
What risk level and portfolio style does it have?
It is marked High Risk and the portfolio is highly concentrated, with 96.34% in one overseas mutual fund holding and 3.75% in cash and cash equivalents.
Bottom line
The fund’s recent performance has been choppier than its medium- and long-term record, but the longer horizon still looks stronger than the benchmark and more consistent than the short-term swings suggest. Against the listed peers, the latest year is less striking, yet the 5-year record stands out. The fund carries a High Risk label and is built around one dominant overseas holding, so it is most suitable for investors who can tolerate concentration and volatility in exchange for global equity income exposure.
Published on 11 September 2026 at 2:04 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.