The fastest-growing of the mid-sized houses
Invesco Mutual Fund managed an average of ₹1,64,687 crore in July–September 2026, excluding domestic fund-of-funds: 1.89% of the industry's ₹87,21,848 crore and 15th of 55 houses on AMFI's quarterly figures. Its fund house page carries the same figure.
| Quarter | Average AUM (₹ crore) | Rank |
|---|---|---|
| Jul–Sep 2016 | 22,560 | 16 |
| Jul–Sep 2021 | 42,881 | 16 |
| Jul–Sep 2022 | 42,273 | 18 |
| Jul–Sep 2023 | 57,679 | 17 |
| Jul–Sep 2024 | 96,586 | 18 |
| Jul–Sep 2025 | 1,28,238 | 16 |
| Jan–Mar 2026 | 1,40,648 | 15 |
| Jul–Sep 2026 | 1,64,687 | 15 |
Assets grew 28.4% in the last year, against 13.1% for the industry, and 12.8% in the last quarter alone. From the 2022 low the house has multiplied its assets 3.9 times. Our league table of rank changes shows it rising one place since 2021, from 16th to 15th, after dropping to 18th.
50 schemes, and a large arbitrage fund
Counting each open-ended scheme once by its Direct Growth plan, Invesco has 50: 18 equity, 15 debt, 6 index, 6 fund-of-funds and 5 hybrid. The largest by average assets in July–September 2026:
| Scheme | Average AUM (₹ crore) |
|---|---|
| Arbitrage | 30,062 |
| Liquid | 22,117 |
| Contra | 20,132 |
| Mid Cap | 15,234 |
| Small Cap | 15,129 |
| Large & Mid Cap | 12,010 |
| Money Market | 6,293 |
| Focused | 6,179 |
| Flexi Cap | 5,529 |
The Arbitrage fund alone is 18% of the house. The Contra, Mid Cap, Small Cap and Large & Mid Cap funds together hold ₹62,505 crore.
How the equity funds rank
Direct Growth returns to 16 October 2026; rank is among Direct Growth funds in the same category with that much history.
| Fund | 1 year | 3 years | Rank | 5 years | Rank |
|---|---|---|---|---|---|
| Mid Cap | 1.77% | 21.37% | 2 of 29 | 16.95% | 2 of 22 |
| Large & Mid Cap | 1.46% | 20.58% | 1 of 26 | 15.08% | 2 of 26 |
| Small Cap | 9.86% | 20.52% | 3 of 26 | 17.60% | 3 of 21 |
| Focused | 2.42% | 19.91% | 1 of 27 | 13.41% | 3 of 22 |
| Flexi Cap | −2.76% | 16.03% | 5 of 36 | — | — |
| Contra | −4.80% | 13.16% | 2 of 3 | 11.25% | 3 of 3 |
| Large Cap | −1.65% | 12.82% | 2 of 30 | 9.77% | 2 of 27 |
| Multi Cap | −2.82% | 11.83% | 16 of 23 | 10.37% | 7 of 9 |
| ELSS Tax Saver | −3.17% | 11.27% | 18 of 48 | 8.32% | 32 of 41 |
Six of the nine are in the top five of their category over three years, and the Mid Cap, Large & Mid Cap, Small Cap, Focused and Large Cap funds are also in the top three over five. Our fund-by-fund comparisons of mid-cap funds and large and mid-cap funds have the detail. The weak spots are the ELSS fund, 32nd of 41 over five years, and the Multi Cap fund, which is 16th of 23 over three.
One-year ranks are less flattering: Mid Cap is 19th of 31, and Small Cap 15th of 31. Three years is a long run of rising mid and small caps, and a one-year view of the same funds is more ordinary.
Fees below the median
| Fund | Direct TER | Category median |
|---|---|---|
| Small Cap | 0.64% | 0.90% |
| Focused | 0.69% | 1.09% |
| Mid Cap | 0.76% | 0.94% |
| Large & Mid Cap | 0.78% | 1.07% |
| Flexi Cap | 0.88% | 0.95% |
| Large Cap | 0.90% | 1.06% |
| ELSS Tax Saver | 1.19% | 1.07% |
All of the best-ranked funds charge less than their category's middle fund, by up to 0.40 points. The ELSS fund, the weakest, is the one that charges more than its median. Our Canara Robeco profile is the opposite case: low fees and mid-table ranks.
What the numbers do not tell you
Three years is a mid-and-small-cap run. Funds in those categories gained from the period, and the table is a snapshot of it.
Categories are small. A contra "category" has three funds, so 2 of 3 is not much of a rank.
Arbitrage assets are not equity bets. The biggest scheme in the house is a hedged fund; the average-asset figures mix very different products.
None of this is a recommendation to buy or sell any fund.
Frequently asked questions
How big is Invesco Mutual Fund?
Invesco managed an average of ₹1,64,687 crore in July–September 2026, excluding domestic fund-of-funds. That is 1.89% of the industry and 15th among fund houses on AMFI's figures. It grew 28.4% in a year, against 13.1% for the industry, and has risen from 18th in 2024.
What are Invesco's largest schemes?
Invesco India Arbitrage Fund (₹30,062 crore), Liquid Fund (₹22,117 crore) and Contra Fund (₹20,132 crore) are the three largest by average assets in July–September 2026. The Mid Cap (₹15,234 crore), Small Cap (₹15,129 crore) and Large & Mid Cap (₹12,010 crore) funds follow.
Which Invesco equity funds rank best?
On Direct Growth returns to 16 October 2026, the Large & Mid Cap fund and the Focused fund were each first in their category over three years (of 26 and 27 funds), at 20.58% and 19.91% a year. The Mid Cap fund was second of 29, Large Cap second of 30 and Small Cap third of 26.
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are WealthTicker’s own calculations from public data — AMFI’s fund NAVs and disclosures, NSE’s index and FII/DII files, and the fund houses’ monthly portfolios (how we calculate). They are as of the dates stated and can be revised by their source.
Keep reading
PGIM India Mutual Fund in 2026: by the numbers
PGIM India MF managed ₹27,859 crore in July–September 2026, 28th of 55, up 3.5% in a year. 25 Direct Growth schemes, ranked on 3-year returns.
Bank of India Mutual Fund in 2026: by the numbers
Bank of India MF managed ₹17,978 crore in July–September 2026, 30th of 55, up 33.9% in a year. 25 Direct Growth schemes, ranked on 3-year returns.
WhiteOak Capital Mutual Fund in 2026: by the numbers
WhiteOak Capital MF managed ₹44,845 crore in July–September 2026, 24th of 55, up 79.8% in a year. 23 Direct Growth schemes, ranked on 3-year returns.