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

Invesco India Focused Fund Direct Growth Plan currently has a NAV of ₹31.17 as of 15 September 2026, with scheme AUM of ₹6,453 Cr. Its 1-year, 3-year and 5-year returns are 1.2%, 19.87% and 14.42% respectively, and the scheme sits in the High Risk category.

Our view is that this is a focused equity fund with a meaningful growth record over medium and longer periods, but a softer recent patch. The portfolio is concentrated enough that a handful of holdings can matter, so it may suit investors who can tolerate higher volatility and want a focused equity allocation rather than a broad market core.

Quick facts

Particular	Details
NAV	₹31.17 as of 15 Sep 2026
AUM	₹6,453 Cr
Expense Ratio	0.59%
Launch Date	29 Sep 2020
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil upto 10% of units and 1% for remaining units on or before 1Y, Nil after 1Y
Fund Managers	Taher Badshah, Hiten Jain

The fund is managed by Taher Badshah and Hiten Jain.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.86%	-4.81%
3M	5.23%	-3.63%
1Y	1.2%	-8.27%
3Y	19.87%	5.59%
5Y	14.42%	5.58%

The recent path has been mixed. Over 1 month, the fund is negative, but it still held up better than the benchmark. Over 3 months, the fund has recovered more clearly and stayed well ahead of the benchmark, which remains slightly negative over the same window.

The more important point is the longer arc. The 3-year return is much stronger than the benchmark, and the 5-year return also stays well ahead. That tells us the fund has been able to compound better than Nifty 50 over medium and long horizons, even though the latest 1-year figure is much softer than the 3-year run.

The pattern suggests a fund that can participate strongly when its holdings are working, but it is not a smooth climber. The month-to-month movement has also been uneven, so investors may need to accept drawdowns and avoid judging it only on short windows. On a longer view, the fund has still delivered a clear excess return over the benchmark.

From our perspective, the main takeaway is that the recent 1-year stretch does not define the full story. The fund’s stronger 3-year and 5-year numbers show that its longer-term compounding has been healthier than the benchmark, while the latest short-term behaviour simply reminds us that focused equity portfolios can move sharply around market cycles.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Invesco India Focused?

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 Focused Fund Direct Growth Plan	1.2%	19.87%	14.42%
Motilal Oswal Focused Fund Direct Growth Plan	22.84%	13.21%	10.13%
Old Bridge Focused Fund Direct Growth Plan	14.09%	Data not available	Data not available
SBI Focused Fund Direct Growth Plan	10.15%	14.35%	11.38%
Quant Focused Fund Direct Growth Plan	8.34%	12.17%	13%
ITI Focused Fund Direct Growth Plan	7.42%	16.93%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is far below the strongest recent peer figure in this set, but its 3-year return is ahead of most of the listed peers with available three-year data. The 5-year figure also stays above the longer-term results shown by several peers, which supports the idea that the fund has had better medium-term compounding even if its latest year has been subdued. Short-term and longer-term comparisons therefore point in different directions: recent traction is weaker, while the multi-year record remains comparatively sturdier.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	8.73%
Larsen & Toubro Limited	Infrastructure	6.33%
Coforge Limited	IT	5.7%
Interglobe Aviation Limited	Aviation	5.62%
HDFC Bank Limited	Bank	5.43%
Nuvama Wealth Management Ltd	Finance	4.85%
Hindustan Aeronautics Limited	Capital Goods	4.43%
Dixon Technologies (India) Limited ‡	Consumer Durables	4.29%
Eternal Limited	Retailing	4.29%
Cholamandalam Investment and Finance Company Limited	Finance	4.26%

The top 10 holdings account for approximately 53.93% of the portfolio.

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

The largest holding, ICICI Bank Limited, stands at 8.73%, which is meaningful but not dominant on its own. The next few positions are still sizable, but the gap from the top holding to the tenth holding narrows to 4.26%, showing a fairly balanced top tier rather than a single oversized bet.

Because the top 10 holdings together account for 53.93% of the portfolio, the fund is moderately concentrated in its leading ideas. At the same time, the disclosed list covers 26 holdings in total, so there is a longer tail beneath the first ten positions. That mix suggests the fund may be driven by a core set of high-conviction names while still retaining some spread beyond the largest positions.

For investors, the key point is that this portfolio structure can make returns more sensitive to a limited group of stocks. That may help in strong periods, but it could also make the experience less steady than a more diversified equity fund.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity exposure and can stay invested for a longer horizon. The 3-year and 5-year figures show that the strategy has rewarded patience better than short-term viewing, while the 1-year result is much softer and underlines the need to tolerate uneven periods.

It also fits investors who want something more focused than a broad market index-like holding. The main trade-off is clear: the portfolio can deliver stronger medium-term compounding than the benchmark, but the journey may be choppier because the fund relies on a concentrated set of holdings.

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 upto 10% of units and 1% for remaining units on or before 1Y, Nil after 1Y.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Invesco India Focused Fund Direct Growth Plan?
The current NAV is ₹31.17 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 1.2%, the 3-year return is 19.87% and the 5-year return is 14.42%.

How does this fund compare with Nifty 50?
It has beaten Nifty 50 across the 3-year and 5-year periods, and it also held up better over 1 month, 3 months and 1 year.

How does it compare with the listed peer funds on recent returns?
Its 1-year return is weaker than several listed peers, but its 3-year and 5-year results are stronger than most peers with available longer-term data.

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 Taher Badshah and Hiten Jain. Exit load is nil up to 10% of units and 1% for the remaining units on or before 1 year, and nil after 1 year.

Bottom line

The fund’s latest year has been muted, but the 3-year and 5-year numbers still point to stronger longer-term compounding than the benchmark. Against peers, the recent 1-year figure looks softer, while the multi-year record is more resilient. The portfolio is concentrated enough that a core set of holdings can shape outcomes, so the fund is best viewed as a higher-volatility equity option for investors who can wait through uneven stretches.

Published on 16 September 2026 at 4:20 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.