Invesco India Large & Mid Cap Fund
This is the Direct plan of Invesco India Large & Mid Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★★5/5 vs 26 of 35 Large & Mid Cap Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large & Mid Cap Fund (same plan and option). 26 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +21.40% · ranks 1 of 26 Large & Mid Cap Funds
Volatility 16.7% vs 14.6% category avg
0.8% expense vs 1.2% category avg
99% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+6.12%) beats the Large & Mid Cap Fund average (+0.22%)
- 3-year return (+21.40%) beats the Large & Mid Cap Fund average (+12.67%)
- 5-year return (+15.88%) beats the Large & Mid Cap Fund average (+11.46%)
- Ranks #3 of 33 on 1-year return in its Large & Mid Cap Fund cohort
- Stronger risk-adjusted returns — Sharpe 0.89 vs 0.41 Large & Mid Cap Fund average
Concerns
- More volatile than its Large & Mid Cap Fund peers (16.7% vs 14.6%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Large & Mid Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.12% | -5.19% | +0.07% |
| 3M abs | -4.55% | -3.59% | -0.96% |
| 6M abs | +19.45% | +9.31% | +10.14% |
| 1Y CAGR | +6.12% | +0.22% | +5.90% |
| 3Y CAGR | +21.40% | +12.67% | +8.73% |
| 5Y CAGR | +15.88% | +11.46% | +4.42% |
Category average across peers in Large & Mid Cap Fund (up to 35 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 35 peers in Large & Mid Cap Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Invesco India Large & Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty Midcap 150 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +5.21% | -1.81% | +7.02% | |
| 2025 | +5.88% | +6.24% | -0.36% | |
| 2024 | +39.09% | +24.74% | +14.35% | |
| 2023 | +33.20% | +45.27% | -12.07% | |
| 2022 | +0.89% | +4.09% | -3.20% | |
| 2021 | +31.44% | +48.31% | -16.87% | |
| 2020 | +14.65% | +26.10% | -11.45% | |
| 2019 | +11.94% | — | — | |
| 2018 | +1.24% | — | — | |
| 2017 | +42.02% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity99.86%
- Cash & Equivalents0.14%
AMC Profile
Invesco Mutual Fund is the Indian arm of Invesco, the US asset manager. It began life as Lotus India Mutual Fund, was bought by Religare in 2008 and ran as Religare Invesco until Invesco took full ownership in 2016.
Fund Managers
AKAditya KhemaniManaging since 09 Nov 2023
EVP & Fund Manager - Equity
More than 20 years
B.Com., PGDM - Finance (IIM, Lucknow)
November 1, 2023 onwards Invesco Asset Management (India) Pvt. Ltd. July 24, 2019 to October 31, 2023 EVP & Fund Manager - Equity - Motilal Oswal Asset Management India Company Limited October 1, 2007 to July 23, 2019 SVP and Fund Manager - Equity - HSBC Asset Management (India) Pvt. Ltd.
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Invesco in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
MF IDCW alert: ICICI Prudential, Invesco announce payouts across 5 schemes; check dates and amounts
Upstox · 20h ago
International mutual funds: Check fresh SIP and lump sum investment options; one PGIM scheme to reopen on October 8
Livemint · 3d ago
PGIM reopens global fund subscriptions; Invesco suspends fresh investments in 3 overseas schemes
Upstox · 4d ago
Suspension of fresh subscriptions in international schemes of Invesco Mutual Fund
Value Research · 5d ago
Should you continue your equity SIP when the stock market is falling? In this episode of MC Explains, we break down three reasons why continuing your equity SIP during a market correction can be important for long-term investors. Remember, continuing an
LinkedIn · 6d ago
Invesco India - Invesco Pan European Equity Fund of Fund - Regular Plan Growth
Alice Blue · 9d ago
6 international mutual funds are reopening: 5 delivered double-digit returns in 1 year - is it time to invest?
Livemint · 11d ago
Invesco Mutual Fund has resumed subscriptions in its international scheme
Value Research · 14d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Large & Mid Cap funds
Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.
From the blog
Large & mid-cap funds: a flat year and a wide spread
02 Oct 2026
The median large & mid-cap fund made 0.91% in the year to 1 October 2026; 19 of 33 gained. Three, five and ten-year returns, best, worst and falls.
Sharpe ratios: which equity funds paid best for risk
09 Jul 2026
To 8 July 2026, the median diversified equity fund had a 3-year Sharpe ratio of 0.57. Bandhan Small Cap led at 1.22; mid caps led the categories at 0.81.
Large & mid cap funds: halfway between large and mid
11 Jun 2026
The median large & mid cap fund returned 15.59% a year over 3 years to 10 June 2026, almost exactly halfway between large caps (11.35%) and mid caps (19.75%).
Frequently asked questions
What is the NAV of Invesco India Large & Mid Cap Fund?
As of 05 Oct 2026, the NAV of Invesco India Large & Mid Cap Fund is ₹125.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Invesco India Large & Mid Cap Fund delivered?
Invesco India Large & Mid Cap Fund has returned +6.12% over 1 year, +21.40% per year over 3 years, +15.88% per year over 5 years and +17.42% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund charges an expense ratio of 0.79% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund's largest holdings are Eternal Limited (8.3%), InterGlobe Aviation Limited (7.6%), ICICI Bank Limited (7.5%), Max Healthcare Institute Limited (6.6%) and Sai Life Sciences Limited (5.0%). Holdings are disclosed monthly and change over time.
How risky is Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.7% and its worst peak-to-trough fall in our sample was -35.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.89 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India Large & Mid Cap Fund's 0.89 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.
Who manages Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund is managed by Aditya Khemani at Invesco.
How is Invesco India Large & Mid Cap Fund taxed?
Invesco India Large & Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.