EquitySectoral/ ThematicRegularGrowthVery High

Invesco India Manufacturing Fund

Q: What is the NAV of Invesco India Manufacturing Fund?

As of 05 Oct 2026, the NAV of Invesco India Manufacturing Fund is ₹11.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Invesco India Manufacturing Fund delivered?

Invesco India Manufacturing Fund has returned +11.57% over 1 year and +6.53% 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 Manufacturing Fund?

Invesco India Manufacturing Fund charges an expense ratio of 2.57% 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 Manufacturing Fund?

Invesco India Manufacturing Fund's largest holdings are Mahindra & Mahindra Limited (5.2%), Divi's Laboratories Limited (3.8%), TVS Motor Company Limited (3.6%), Eicher Motors Limited (3.5%) and Sedemac Mechatronics Limited (3.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Invesco India Manufacturing Fund?

Invesco India Manufacturing Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.9% and its worst peak-to-trough fall in our sample was -21.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Invesco India Manufacturing Fund?

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

Q: Who manages Invesco India Manufacturing Fund?

Invesco India Manufacturing Fund is managed by Nikhil Kale at Invesco.

Q: How is Invesco India Manufacturing Fund taxed?

Invesco India Manufacturing 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

₹11.52

+1.05% 1D

as of 05 Oct 2026

This is the Regular plan of Invesco India Manufacturing Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+11.52%absolute

52-week rangePrev NAV ₹11.40

Latest ₹11.52

Low ₹9.0883rd percentile of its 52-week rangeHigh ₹12.01

Scorecard

★★★★☆4/5 vs 229 of 255 Sectoral/ Thematic peers1Y

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 Sectoral/ Thematic (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 229 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskModerate

Volatility 16.9% vs 15.6% category avg

CostAverage

2.6% expense vs 2.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Sectoral/ Thematic average on 1M/3M/6M/1Y — 1Y by 9.47pp
Ranks #38 of 229 on 1-year return in its Sectoral/ Thematic cohort

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.57%

Category 2.46%▲0.11%

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

37.34

Category —

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

—

Category 0.36

Scheme Info

Definitions

Plan

Regular · Growth

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

None

If units are redeemed/switched out on or before 3 months from the date of allotment: 0.50% if units are redeemed/switched out after 3 months from the date of allotment: Nil If units are redeemed or switched-out after 1 year from the date of allotment - Nil .

Up to 0.50%

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

Nifty India Manufacturing 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.

19 Aug 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-2.46%

Absolute return over the last 3 months (not annualized)

+4.07%

Absolute return over the last 6 months (not annualized)

+25.35%

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

+15.55%

Annualized returns (≥1Y — CAGR)

Definitions

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

+11.57%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+6.53%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.89%

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

—

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

—

Largest peak-to-trough decline over full history

-21.87%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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	-2.46%	-4.58%	+2.12%
3M abs	+4.07%	-2.64%	+6.71%
6M abs	+25.35%	+11.34%	+14.01%
1Y CAGR	+11.57%	+2.10%	+9.47%
3Y CAGR	—	+12.50%	—
5Y CAGR	—	+10.82%	—

Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic

1Y return

+11.57%

Beats 83.8% · rank #38

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.32L

Absolute

+9.92%

XIRR

+22.38%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Invesco India Manufacturing 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	+15.55%	-7.18%	+22.73%
2025	-6.03%	+7.94%	-13.97%
2024part	+5.36%	—	—

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

526

Expense ratio

2.57%

AUM

₹663.48Cr

Portfolio turnover

80%

Exit load

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

P/E ratio

37.3

P/B ratio

8.7

Avg market cap

₹1,16,419Cr

P/E & P/B are portfolio-weighted harmonic means across 38 of 48 equity holdings (81% 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 Manufacturing FundThis fund Invesco · Regular · Growth	★★★★☆ 1Y	+11.57%	—	—	—	2.57%	₹663.48Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+125.07%	+61.55%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+19.02%	+34.59%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+24.17%	+28.28%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+31.28%	+23.90%	+8.86%	—	2.47%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Regular · Growth	★★★☆☆	+28.99%	+22.97%	+10.76%	—	2.50%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap43.2%
Mid cap16.0%
Small cap40.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.01%
Cash & Equivalents1.99%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India Nifty India Manufacturing ETF Nippon India · Other ETFs	37.1%	—	0.28%	—
Navi Nifty India Manufacturing Index Fund Navi · Index Funds	37.0%	★★★★☆	0.58%	+16.79%
UTI Nifty India Manufacturing Index Fund UTI · Index Funds	37.0%	★★★☆☆	0.72%	—
Nippon India Nifty India Manufacturing Index Fund Nippon India · Index Funds	37.0%	★★★☆☆	0.34%	—
Axis India Manufacturing Fund Axis · Sectoral/ Thematic	36.7%	★★★★☆	0.92%	—
SBI Automotive Opportunities Fund SBI · Sectoral/ Thematic	34.7%	★★★★★	1.01%	—
Invesco India Consumption Fund Invesco · Sectoral/ Thematic	33.8%	—	1.17%	—
Aditya Birla Sun Life Transportation and Logistics Fund Aditya Birla Sun Life · Sectoral/ Thematic	30.4%	★★★★☆	1.06%	—

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.

-21.9%02 Jan 2025 → 28 Feb 2025
Fell over 2 months, back to the old high on 15 Jun 2026 — 16 months under water after the low.
-8.4%15 Oct 2024 → 13 Nov 2024
Fell over 29 days, back to the old high on 02 Jan 2025 — 2 months under water after the low.
-5.2%27 Sep 2024 → 07 Oct 2024
Fell over 10 days, back to the old high on 14 Oct 2024 — 7 days under water after the low.

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

₹663.48Cr

April - June 2026

since January - March 2026

−₹25.25Cr

est. net flow, last quarter

At or near its largest, ₹663.52Cr in January - March 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

NKNikhil KaleManaging since 01 Dec 2025

Role

Research Analyst and Designation Fund Manager - Equity

Total experience

15 years

Education

MBA Finance and CFA

Experience

Around 15 years of January 3, 2023 onwards experience in Total No. /Type & Brief Experience Nature of Experience research and Invesco Asset Management (India) Pvt. Ltd. analysis of companies August 21, 2018 – December 30, 2022 - Senior Vice President - Research Analyst - Equities, Axis Capital Ltd. March 12, 2018 - August 01, 2018 - Manager, Edelweiss Securities Ltd. September 28, 2016 - February 16, 2018 - Lead Analyst, CRISIL GR & A (deputation to Bank of America) June 9, 2014 - September 16, 2016 - Research Lead, Evalueserve.com Pvt. Ltd. (deputation to Morgan Stanley)

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

Top holdings

Mahindra & Mahindra Limited Divi's Laboratories Limited TVS Motor Company Limited Eicher Motors Limited Sedemac Mechatronics Limited Dhoot Transmission Ltd Bansal Wire Industries Limited Tata Motors Ltd Craftsman Automation Limited Gabriel India Limited Bajaj Auto Limited Sai Life Sciences Limited

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.

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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 Manufacturing Fund?

As of 05 Oct 2026, the NAV of Invesco India Manufacturing Fund is ₹11.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Invesco India Manufacturing Fund delivered?

Invesco India Manufacturing Fund has returned +11.57% over 1 year and +6.53% 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 Manufacturing Fund?

Invesco India Manufacturing Fund charges an expense ratio of 2.57% 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 Manufacturing Fund?

Invesco India Manufacturing Fund's largest holdings are Mahindra & Mahindra Limited (5.2%), Divi's Laboratories Limited (3.8%), TVS Motor Company Limited (3.6%), Eicher Motors Limited (3.5%) and Sedemac Mechatronics Limited (3.4%). Holdings are disclosed monthly and change over time.

How risky is Invesco India Manufacturing Fund?

Invesco India Manufacturing Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.9% and its worst peak-to-trough fall in our sample was -21.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Invesco India Manufacturing Fund?

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

Who manages Invesco India Manufacturing Fund?

Invesco India Manufacturing Fund is managed by Nikhil Kale at Invesco.

How is Invesco India Manufacturing Fund taxed?

Invesco India Manufacturing 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.