Invesco India Equity Savings Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Invesco India Equity Savings Fund Direct Growth Plan is priced at ₹18.832 as of 15 Sep 2026, with scheme AUM of ₹280 Cr. Its 1-year, 3-year and 5-year returns are -0.77%, 8.43% and 7.48%, and the scheme is tagged as Medium Risk. Our view is that it suits investors who want an equity-savings style allocation with a steadier profile than a pure equity fund, but who can still accept periodic weakness when markets turn less supportive.

The fund’s longer-run record is more balanced than its latest 1-year outcome. The portfolio is led by cash and bank exposure, with a meaningful allocation to government securities and liquid-style holdings, so the return pattern is likely to remain less aggressive than a full equity strategy while still participating in market recovery.

Quick facts

Particular	Details
NAV	₹18.832 as of 15 Sep 2026
AUM	₹280 Cr
Expense Ratio	0.71%
Launch Date	07 Mar 2019
Min SIP	₹100
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	0.25% on or before 1M, Nil after 1M
Fund Managers	Amey Sathe, Deepak Gupta, Krishna Cheemalapati

The fund is managed by Amey Sathe, Deepak Gupta and Krishna Cheemalapati.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.78%	-4.81%
3M	0.86%	-3.63%
1Y	-0.77%	-8.27%
3Y	8.43%	5.59%
5Y	7.48%	5.58%

Recent performance has been mixed, but the fund has handled the latest periods better than the benchmark. The 1-month and 3-month numbers are positive or only mildly negative, while the benchmark remains weaker over those same horizons. That tells us the fund has been more resilient than Nifty 50 in the near term, even though the latest 1-year figure is still slightly negative.

The longer picture is more constructive. The 3-year and 5-year returns are both above the benchmark, which suggests the structure has worked better over a full market cycle than the headline 1-year number implies. For investors, that matters because this type of scheme is usually judged on how it behaves through different market phases, not just on a single weak year.

The time pattern also looks less volatile than an equity-only portfolio, but not flat. There were periods of mild softness, followed by recovery, and the compounding path improved over the medium term. In our view, that is consistent with an equity-savings style scheme that can lag in sharp rallies but still preserve a more measured return profile.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Invesco India Equity Savings?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Invesco India Equity Savings Fund Direct Growth Plan	-0.77%	8.43%	7.48%
Edelweiss Equity Savings Fund Direct Growth Plan	8.26%	11.32%	9.71%
HSBC Equity Savings Fund Direct Growth Plan	6.84%	12.61%	10.76%
WOC Equity Savings Fund Direct Growth Plan	6.63%	Data not available	Data not available
Mahindra Manulife Equity Savings Fund Direct Growth Plan	5.58%	9.02%	8.63%
Axis Equity Savings Fund Direct Growth Plan	5.15%	9.4%	7.84%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return trails several peers in the table, while the 3-year and 5-year figures are also lower than the stronger peer numbers shown here. That creates a clear short-term and long-term gap versus the better-performing peer set, even though the fund still stays ahead of its benchmark over 3 years and 5 years. The message is that relative performance has been acceptable, but not as strong as the leading peer figures available here.

For investors, the peer comparison tells two different stories. In the near term, the fund has held up better than the benchmark but not as well as the top peer returns. Over longer horizons, it has delivered positive compounding, yet the peer set offers higher figures across the available 3-year and 5-year periods. That makes the fund more of a steadier, moderate-return option than a standout growth choice.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	49.22%
Axis Bank Limited	Bank	9.49%
HDFC Bank Limited	Bank	7.15%
Kotak Mahindra Bank Ltd	Bank	6.07%
Reliance Industries Limited	Crude Oil	5.45%
Invesco India Liquid Fund – Direct Plan – Growth	Domestic Mutual Funds Units	4.51%
6.94% Government of India 2036	Government Securities	3.92%
ICICI Bank Limited	Bank	3.91%
Infosys Limited	IT	2.86%
Invesco India Short Term Fund – DR Growth	Domestic Mutual Funds Units	2.39%

The top 10 holdings account for approximately 94.97% of the portfolio.

To see all holdings, visit the Invesco India Equity Savings Fund Direct Growth Plan page

The largest disclosed holding is Net Receivables / (Payables) at 49.22%, which is very large relative to the rest of the portfolio. After that, the weights fall to 9.49% and 7.15% in the two biggest bank positions, so the gap from first to tenth is steep rather than gradual. That shape tells us the portfolio is heavily influenced by a small number of positions, especially the cash-and-net-assets line and the large bank holdings.

The disclosed top 10 add up to 94.97%, across 37 total holdings, so the portfolio is not limited to only a few names. Even so, the visible weights suggest that the first several positions may have greater influence on the fund’s behaviour than the smaller tail positions. For investors, that means the scheme may feel diversified across many holdings, but its actual short-term movement could still be shaped by a concentrated set of large exposures.

Source data date: as of 15 Sep 2026

Who should invest

This scheme is better aligned with investors who are comfortable with Medium Risk and want a hybrid-style return path rather than a pure equity swing. The 1-year result is slightly negative, but the 3-year and 5-year figures are positive and ahead of the benchmark, which makes the fund more suitable for investors who can stay invested through weaker phases.

The main trade-off is that the fund may not capture the full upside of sharper equity rallies, especially with a portfolio that carries a large cash-and-net-assets line and meaningful debt-style exposure. In return, it may offer a calmer experience than a fully equity-oriented fund. A medium to longer investment horizon is more sensible here than a short-term expectation of strong outperformance.

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: 0.25% if units are sold within 1 month; nil after 1 month.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Invesco India Equity Savings Fund Direct Growth Plan?

The current NAV is ₹18.832 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is -0.77%, the 3-year return is 8.43%, and the 5-year return is 7.48%.

How does it compare with the benchmark?

It has done better than Nifty 50 over 3 years and 5 years, while the 1-year figure is less weak than the benchmark’s -8.27% decline. The shorter 1-month and 3-month figures are also ahead of the benchmark.

How does it compare with the peer funds shown here?

The peer table shows stronger 1-year, 3-year and 5-year returns for several peers, while this fund is still ahead of the benchmark on longer horizons. That leaves it as a steadier but less assertive performer versus the stronger peer figures shown.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

The fund is managed by Amey Sathe, Deepak Gupta and Krishna Cheemalapati. The exit load is 0.25% if units are sold within 1 month, and nil after 1 month.

Bottom line

Invesco India Equity Savings Fund Direct Growth Plan has a softer 1-year outcome, but its 3-year and 5-year figures are more stable and sit above the benchmark. Against peers, the available return figures are less strong than the better names in the comparison table, so the fund looks more like a measured hybrid option than a standout return leader. The portfolio is also notable for a very large cash-and-net-assets line, which may keep the ride more controlled but can also cap upside.

Published on 16 September 2026 at 12:06 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.