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

Invesco India Technology Fund Direct Growth Plan has a NAV of ₹9.94 as of 10 September 2026 and a scheme AUM of ₹342 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme is tagged High Risk. Our view is that this is a high-variance thematic fund whose appeal depends more on an investor’s willingness to stay through swings than on any long performance history at this stage.

The portfolio is tilted toward technology and a few other growth-linked names, so the fund may behave differently from a broad market benchmark. That can help when the theme is in favour, but it also means returns may move sharply around the benchmark rather than track it closely.

Quick facts

Particular	Details
NAV	₹9.94 as of 10 Sep 2026
AUM	₹342 Cr
Expense Ratio	0.84%
Launch Date	23 Sep 2024
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 3M, Nil after 3M
Fund Managers	Hiten Jain, Aditya Khemani

The fund is managed by Hiten Jain and Aditya Khemani.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.4%	-4.06%
3M	9.71%	1.37%
1Y	0%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern is better than the benchmark over 3 months, while the 1-month move still shows a small decline. That combination tells us the fund has recovered in bursts rather than moving in a straight line. For an investor, the key point is that the recent quarter looks constructive, but the month-to-month path is still uneven.

The 1-year number is flat for the fund, while the benchmark is negative. That means the scheme has held up better than the index over the last year even though it has not produced a positive one-year return itself. In our view, this is a useful sign for relative resilience, but it is not yet enough to describe a stable compounding record.

Longer-term figures are not available because the fund launched in late 2024, so the record is still developing. That matters for a technology strategy, because theme-led funds often need a longer cycle to show whether they can compound through both strong and weak phases. At this stage, the evidence points to a fund that can outpace the benchmark over some shorter windows, but with enough volatility that patience is likely to matter.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Invesco India Technology?

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 Technology Fund Direct Growth Plan	0%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	73.94%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	29.94%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.26%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.3%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.13%	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 one-year figures, this fund trails the peer set by a wide margin, especially against the stronger thematic funds in the comparison list. The gap is even more visible because the fund’s own 1-year return is flat, while several peers have delivered meaningful gains over the same horizon. That makes the recent peer comparison look weak for this scheme.

The picture is different when we compare the short-term tone with the fund’s own recent 3-month recovery. The fund has shown better momentum recently, but the peer table suggests that this improvement has not yet translated into a competitive one-year outcome. With no 3-year or 5-year history available here, the long-term comparison cannot be judged on the same basis as more seasoned peers.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Infosys Limited	IT	9.6%
Tech Mahindra Limited	IT	7.99%
Coforge Limited ‡	IT	7.48%
Persistent Systems Ltd	IT	7.09%
Bharti Airtel Limited	Telecom	5.71%
Eternal Limited	Retailing	5.47%
FSN E-Commerce Ventures Limited	Retailing	3.99%
Mphasis Limited	IT	3.61%
BSE Limited	Finance	3.58%
Meesho Ltd	Retailing	3.58%

The largest holding is Infosys Limited at 9.6%, which is meaningful but not extreme for a thematic equity fund. The drop from the first holding to the tenth holding is notable, yet not abrupt enough to suggest a one-stock portfolio. That spread indicates that a few names are likely to influence the fund more than the rest, while still leaving room for several mid-sized positions to matter.

The top ten holdings together account for 58.1% of the portfolio, and the fund discloses 28 holdings in total. That combination suggests a fairly concentrated core with a longer tail beneath it. In practical terms, the largest positions may have greater influence on returns, but the portfolio is still broad enough to avoid being dependent on a single company alone.

Because the fund is built around technology and adjacent growth themes, the mix may keep performance closely tied to market confidence in those areas. The presence of telecom, retailing and finance names broadens the list somewhat, but the overall structure still looks anchored by a few large positions rather than evenly spread exposure.

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

Source data date: as of 10 Sep 2026

Who should invest

This fund is suited to investors who can tolerate High Risk and accept that short-term swings may be sharper than in a diversified large-cap strategy. The recent one-year outcome is flat, while the latest three-month move is stronger, so the return pattern points to a fund that may reward patience more than quick entry and exit.

The benchmark comparison also matters: the fund has held up better than Nifty 50 over one year, but the record is still short and the longer-term history is not yet available. Our view is that the fund fits better as a satellite allocation for a medium- to long-term horizon, especially for investors who want exposure to technology-led growth and can live with uneven performance.

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: 0.50% if units are sold within 3 months; nil after 3 months.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Invesco India Technology Fund Direct Growth Plan?
Its NAV is ₹9.94 as of 10 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 0%, while the 3-year and 5-year returns are not available because the fund history is still short.

How has it done against Nifty 50?
It has outpaced Nifty 50 over 3 months and held up better over 1 year, while the benchmark has been weaker over the same period.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the peers shown, many of which have delivered much stronger one-year gains. The fund’s longer history is still developing, so a like-for-like long-term comparison is limited.

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

Who manages the fund and what is the exit load?
The fund is managed by Hiten Jain and Aditya Khemani. The exit load is 0.50% if units are sold within 3 months, and nil after that.

Bottom line

Invesco India Technology Fund Direct Growth Plan has shown a better recent quarter than the benchmark, but its one-year return is still flat and the longer record is not yet available. Compared with the peer list, its one-year figure is much weaker, which puts the recent improvement in context rather than making it a standout. The portfolio is concentrated in a handful of IT names, so the fund may suit investors who want a focused technology theme and can accept uneven outcomes over time.

Published on 11 September 2026 at 5:55 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.