EquitySectoral/ ThematicDirectIDCWVery High

Invesco India PSU Equity Fund

Q: What is the NAV of Invesco India PSU Equity Fund?

As of 01 Oct 2026, the NAV of Invesco India PSU Equity Fund is ₹46.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Invesco India PSU Equity Fund delivered?

Invesco India PSU Equity Fund has returned -8.91% over 1 year, +11.73% per year over 3 years, +15.91% per year over 5 years and +12.39% 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.

Q: What is the expense ratio of Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund charges an expense ratio of 1.22% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund's largest holdings are Hindustan Aeronautics Limited (8.7%), State Bank of India (7.7%), Dredging Corporation of India Limited (6.6%), Indian Bank (6.2%) and Bharat Electronics Limited (5.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.1% and its worst peak-to-trough fall in our sample was -38.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.23 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India PSU Equity Fund's 0.23 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund is benchmarked against the BSE PSU TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund is managed by Hiten Jain and Sagar Gandhi at Invesco.

Q: How is Invesco India PSU Equity Fund taxed?

Invesco India PSU Equity 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.

Invesco Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹46.72

-0.89% 1D

as of 01 Oct 2026

This is the Direct plan of Invesco India PSU Equity Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+17.20% 3Y CAGR)

Performance

-8.43%CAGR

52-week rangePrev NAV ₹47.14

Latest ₹46.72

Low ₹45.4512th percentile of its 52-week rangeHigh ₹55.65

Scorecard

Not rated

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. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

Risk—

Volatility 23.1% (no category average yet)

Cost—

1.2% expense (no category average yet)

ConsistencyModerate

88% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.22%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

14.87

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.23

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If upto 10% of Units allotted are redeemed / switched-out within 1 year from the date of allotment - Nil. For any redemption / switchout in excess of 10% of units allotted within one year from the date of allotment - 1%. If units are redeemed or switched-out after 1 year from the date of allotment -Nil.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

BSE PSU TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.10%

Absolute return over the last 3 months (not annualized)

-6.41%

Absolute return over the last 6 months (not annualized)

-0.91%

Absolute return since 1 Jan of this year (not annualized)

-12.30%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-8.91%

3-year annualized return (CAGR)

+11.73%

5-year annualized return (CAGR)

+15.91%

10-year annualized return (CAGR)

+12.19%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+12.39%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

23.13%

Excess return per unit of total volatility (rf = 6.5%)

0.23

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.29

Largest peak-to-trough decline over full history

-38.50%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

2.53%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

1.28

How much of the fund's movement Nifty 500 TRI explains

73.0%

Excess return per unit of beta (market risk)

4.37

Active return over the benchmark per unit of tracking error

0.18

Annualized std dev of fund-minus-benchmark returns

13.03%

Fund's share of benchmark gains in up months (100 = matches index)

130.5%

Fund's share of benchmark losses in down months (lower is better)

132.9%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-5.10%	—	—
3M abs	-6.41%	—	—
6M abs	-0.91%	—	—
1Y CAGR	-8.91%	—	—
3Y CAGR	+11.73%	—	—
5Y CAGR	+15.91%	—	—

Category average across peers in Sectoral/ Thematic, 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹8.00L

Absolute

+33.34%

XIRR

+11.82%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Invesco India PSU Equity 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 500 TRI	Diff
2026part	-12.30%	-7.18%	-5.12%
2025	+2.98%	+7.94%	-4.96%
2024	+27.26%	+16.43%	+10.83%
2023	+56.59%	+27.43%	+29.16%
2022	+22.22%	+4.34%	+17.88%
2021	+32.83%	+31.59%	+1.24%
2020	+7.10%	+18.33%	-11.23%
2019	+1.15%	+8.95%	-7.80%
2018	-15.66%	-2.33%	-13.33%
2017	+13.86%	+37.35%	-23.49%

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.

History points

3,384

Expense ratio

1.22%

AUM

₹1,490Cr

Portfolio turnover

54%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

14.9

P/B ratio

2.9

Avg market cap

₹1,74,786Cr

P/E & P/B are portfolio-weighted harmonic means across 22 of 30 equity holdings (72% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Sectoral/ Thematic

Compare all


Invesco India PSU Equity FundThis fund Invesco · Direct · IDCW	—	-8.91%	+11.73%	+15.91%	—	1.22%	₹1,490Cr
Nippon India Taiwan Equity Fund Nippon India · Direct · IDCW	—	+121.55%	+62.66%	—	—	1.06%	₹1,110Cr
HDFC Defence Fund HDFC · Direct · IDCW	—	+22.63%	+36.08%	—	—	0.89%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Direct · IDCW	—	+26.61%	+30.26%	—	—	1.03%	₹2,282Cr
Nippon India Japan Equity Fund Nippon India · Direct · IDCW	—	+30.60%	+23.24%	+11.59%	—	1.37%	₹330.20Cr
HDFC Transportation and Logistics Fund HDFC · Direct · IDCW	—	+4.78%	+23.21%	—	—	1.09%	₹1,685Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap50.7%
Mid cap23.1%
Small cap26.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.27%
Cash & Equivalents0.73%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Hindustan Aeronautics Limited

8.66%

State Bank of India

7.74%

Dredging Corporation of India Limited

6.56%

Indian Bank

6.22%

Bharat Electronics Limited

5.73%

Bharat Petroleum Corporation Limited

4.56%

Container Corporation of India Limited

4.37%

Bharat Dynamics Limited

4.15%

SBI Life Insurance Company Limited

3.80%

Honeywell Automation India Limited

3.69%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
SBI PSU Fund SBI · Sectoral/ Thematic	39.7%	★★★☆☆	0.98%	+17.50%
kotak BSE PSU Index Fund Kotak Mahindra · Index Funds	39.0%	★★☆☆☆	0.46%	—
ICICI Prudential PSU Equity Fund ICICI Prudential · Sectoral/ Thematic	36.7%	★★★★☆	1.28%	+18.24%
Aditya Birla Sun Life PSU Equity Fund Aditya Birla Sun Life · Sectoral/ Thematic	36.7%	★★★★☆	0.77%	+16.91%
Invesco India Infrastructure Fund Invesco · Sectoral/ Thematic	26.4%	★★★☆☆	1.18%	+17.91%
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal · Index Funds	26.1%	★★★★☆	0.55%	+17.66%
ICICI Prudential Nifty200 Value 30 Index Fund ICICI Prudential · Index Funds	25.6%	★★★★☆	0.59%	—
Kotak Nifty200 Value 30 Index Fund Kotak Mahindra · Index Funds	25.6%	—	1.11%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-38.5%06 Nov 2017 → 24 Mar 2020
Fell over 2.4 years, back to the old high on 25 Feb 2021 — 11 months under water after the low.
-31.9%21 Jan 2013 → 28 Aug 2013
Fell over 7 months, back to the old high on 13 May 2014 — 8 months under water after the low.
-29.8%15 Jul 2024 → 28 Feb 2025
Still below that high — 7 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,490Cr

April - June 2026

+2%

since January - March 2026

+₹151.90Cr

est. net flow, last quarter

At or near its largest, ₹1,490Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

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.

Launched

23 Jul 2006

Total AUM

₹1,64,687Cr+12.8% QoQ

Avg AUM · July - September 2026

Website

invescomutualfund.com

Fund Managers

HJHiten JainStart date not disclosed

Role

Fund Manager - Equity

Total experience

More than 15 years

Education

B.E. (Electronics & Telecom), Global M.B.A. (Finance), C.F.A. (USA).

Experience

May 23, 2016 – till date Invesco Asset Management (India) Pvt. Ltd. August 05, 2010 – May 20, 2016 Global Research & Analytics - CRISIL Ltd., Mumbai. and Mr. Krishna

Funds managed (5)

All schemes Hiten Jain runs →

SGSagar GandhiStart date not disclosed

Role

Fund Manager - Equity

Total experience

More than 15 years

Education

B.E. (Production), MMS (Finance). Global Consumer

Experience

January 23, 2024 onwards Invesco Asset Management (India) Pvt. Ltd. June 29, 2019 - January 22, 2024 Senior Research Analyst, Future Generali India Life Insurance Company Limited. June 16, 2008 - June 28, 2019 Research Analyst - Equity, ICICI Securities Ltd.

Funds managed (4)

All schemes Sagar Gandhi runs →

Fund manager, benchmark and dealing terms from 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

Fund managers

Hiten Jain Sagar Gandhi

Top holdings

Hindustan Aeronautics Limited State Bank of India Dredging Corporation of India Limited Indian Bank Bharat Electronics Limited Bharat Petroleum Corporation Limited Container Corporation of India Limited Bharat Dynamics Limited SBI Life Insurance Company Limited Honeywell Automation India Limited BEML Limited Bank of Baroda

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.

Run SIP calculator Add to compare

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 Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of Invesco India PSU Equity Fund?

As of 01 Oct 2026, the NAV of Invesco India PSU Equity Fund is ₹46.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Invesco India PSU Equity Fund delivered?

Invesco India PSU Equity Fund has returned -8.91% over 1 year, +11.73% per year over 3 years, +15.91% per year over 5 years and +12.39% 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 PSU Equity Fund?

Invesco India PSU Equity Fund charges an expense ratio of 1.22% 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 PSU Equity Fund?

Invesco India PSU Equity Fund's largest holdings are Hindustan Aeronautics Limited (8.7%), State Bank of India (7.7%), Dredging Corporation of India Limited (6.6%), Indian Bank (6.2%) and Bharat Electronics Limited (5.7%). Holdings are disclosed monthly and change over time.

How risky is Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.1% and its worst peak-to-trough fall in our sample was -38.5%. 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 0.23 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India PSU Equity Fund's 0.23 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund is benchmarked against the BSE PSU TRI. Its alpha and beta on this page are measured against that index.

Who manages Invesco India PSU Equity Fund?

Invesco India PSU Equity Fund is managed by Hiten Jain and Sagar Gandhi at Invesco.

How is Invesco India PSU Equity Fund taxed?

Invesco India PSU Equity 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.