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

Invesco India Infrastructure Fund Direct Growth Plan has a NAV of ₹81.9 as of 09 Sep 2026 and an AUM of ₹1,540 Cr. Its 1-year, 3-year and 5-year returns are 7.73%, 18.82% and 19.29%, and the fund sits in the High Risk category. Our view is that it has rewarded long holding periods better than very short stretches, but the profile is still suited to investors who can handle sharp swings and want a focused infrastructure-led equity allocation.

The benchmark has been weaker over the same longer windows, which makes the fund’s multi-year record stand out more clearly than its recent month-to-month path. Even so, the latest near-term numbers show that the journey can be uneven, so this is better read as a long-horizon, volatile strategy than a steady short-term compounder.

Quick facts

Particular	Details
NAV	₹81.9 as of 09 Sep 2026
AUM	₹1,540 Cr
Expense Ratio	0.84%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
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 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.26%	-4.69%
3M	3.46%	0.93%
1Y	7.73%	-7.16%
3Y	18.82%	6%
5Y	19.29%	5.87%

The fund’s recent path has been uneven, but it has still held up better than the benchmark over the shortest windows. Over 1 month, the fund was down 3.26% while the benchmark fell 4.69%, and over 3 months it recovered to 3.46% against 0.93% for the benchmark. That tells us the strategy can move around, but it has not simply been drifting with the market over the latest stretch.

The more important picture is the longer one. The 1-year return of 7.73% is positive, while the benchmark is negative at -7.16%, which gives the fund a clear edge over that period. The 3-year and 5-year figures are also well ahead of the benchmark, at 18.82% versus 6% and 19.29% versus 5.87%. This is a meaningful sign that the fund’s long-run compounding has been stronger than the broader index used here.

At the same time, the recent weaker month does matter. The pattern suggests the fund may be more dependent on sector cycles than a diversified market index, so short stretches can look choppy even when the longer trend remains constructive. For investors, that means the 5-year record is the better guide than the 1-month result, but neither should be read as a guarantee of smoother future performance.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Invesco India Infrastructure?

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 Infrastructure Fund Direct Growth Plan	7.73%	18.82%	19.29%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	71.49%	36.55%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.08%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.85%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.6%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, the fund trails the strongest peer numbers by a wide margin, but its 3-year and 5-year results are still solid and more relevant for a strategy built around cyclical infrastructure exposure. The longer-horizon figures also read better than the recent 1-year return, which suggests the fund’s appeal is more about sustained multi-year compounding than about matching the fastest short-term movers.

The peer set tells two different stories. For the shorter window, several peers have much higher 1-year returns, yet their longer-term records are often missing. Where 3-year and 5-year data are available, this fund’s numbers remain competitive, and in that sense it looks stronger on durability than on recent headline momentum. That split matters for investors who care more about a full cycle than about a quick burst of performance.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Honeywell Automation India Limited	Consumer Durables	9.76%
Larsen & Toubro Limited	Infrastructure	5.8%
Schneider Electric Infrastructure Limited	Capital Goods	5.8%
ABB India Limited	Capital Goods	4.13%
Grindwell Norton Limited	Abrasives	4.06%
Interglobe Aviation Limited	Aviation	3.68%
Kaynes Technology India Limited	Electricals	3.51%
Dredging Corporation of India Limited	Logistics	3.43%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	3.38%
Linde India Limited	Inds. Gases & Fuels	3.35%

The largest holding, Honeywell Automation India Limited, carries a weight of 9.76%, which is sizeable but not dominant on its own. The next positions are much closer together, with two holdings at 5.8% and then a gradual slide into the 4% to 3% range, so the fund does not appear to rely on a single overwhelming position at the top.

The drop from the first holding to the tenth is noticeable, but not abrupt enough to suggest extreme concentration in just one or two names. The top 10 holdings together account for approximately 46.9% of the portfolio, while the portfolio discloses 41 holdings in total. That mix suggests a concentrated core with a longer tail beneath it, which may allow several positions to influence returns without making the fund dependent on only one stock.

Because the disclosed holdings extend well beyond the first 10, the overall exposure may be more balanced than the top slice alone implies. Even so, the visible weights show a portfolio where the leading names could still matter materially, especially in a sector-led fund where individual infrastructure and industrial themes can move differently from the broader market.

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

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who can tolerate High Risk and want exposure to a theme that can outperform over full market cycles but remain uneven in the short run. The 1-year return is positive, yet the 3-year and 5-year figures are the better guide because they show stronger compounding than the benchmark over longer stretches.

The main trade-off is volatility for the chance of stronger multi-year returns. Investors with a longer horizon and a willingness to accept sharper swings may find the pattern more suitable than those looking for smooth year-by-year consistency. The portfolio’s focus on industrial and infrastructure-linked holdings also means performance can depend on a narrower set of market conditions than a broad index fund.

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 above the limits on or before 1Y, Nil after 1Y.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Invesco India Infrastructure Fund Direct Growth Plan?
The current NAV is ₹81.9 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 7.73%, 18.82% and 19.29%.

How does it compare with the benchmark?
It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark figures for those periods are -7.16%, 6% and 5.87%.

How does it compare with the peer funds shown here?
Several peers have much higher 1-year returns, but longer-term figures are not always available for them. Where 3-year and 5-year figures are available, this fund remains competitive on sustained performance.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

What are the fund manager and exit-load details?
The fund is managed by Sagar Gandhi. The exit load is nil up to 10% of units and 1% for above the limits on or before 1 year, and nil after 1 year.

Bottom line

Invesco India Infrastructure Fund Direct Growth Plan has a clearly stronger long-term record than its recent short-term patch, with 3-year and 5-year returns that stand above the benchmark. The peer set shows that some funds have much faster one-year numbers, but the comparison is less straightforward when longer histories are considered. With High Risk, a concentrated core portfolio, and a theme-led approach, this fund is better suited to investors who are comfortable with volatility and are thinking in multi-year terms rather than month-to-month consistency.

Published on 10 September 2026 at 11:25 AM 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.