Invesco India ESG Integration Strategy Fund
Direct · GrowthAI Summary
The fund's SIP XIRR of 13.36% over 3 years trails the thematic category average of 16.41%, and its 1Y XIRR of 3.46% lags the category's 11.7% by a wide margin. The 5Y SIP XIRR of 7.17% is also well below the category's 16.81%, indicating persistent underperformance across horizons. Calendar year returns show high variability, ranging from 35.34% in 2021 to -9.82% in 2022, with negative returns in 2025 and 2026 so far.
The maximum drawdown of -0.23% with a 154-day duration and 441-day recovery suggests the fund has experienced relatively contained peak-to-trough losses in the measured period, though 2 drawdown events exceeding 10% indicate meaningful downside episodes have occurred. Calmar ratios of 0.60 (3Y) and 0.41 (5Y) show modest risk-adjusted returns relative to drawdown risk. The combination of weak returns and extended recovery periods suggests investors should be prepared for prolonged drawdown phases.
The portfolio is diversified across 40 holdings, with the top 10 positions accounting for roughly 41% of NAV, led by ICICI Bank at 6.75% and Bajaj Finance at 4.83%. Financials dominate, with Banks (19.1%), Finance (11.7%), and Capital Markets (7.0%) together representing nearly 38% of the portfolio. IT-Software at 12.5% is the second-largest sector, giving the fund a concentrated tilt toward financials and technology despite its ESG mandate.
The fund underperforms category averages across all measured SIP horizons, trailing by roughly 3-10 percentage points, which places it in the lower tier of thematic peers. Its 3Y SIP XIRR of 13.36% versus the category's 16.41% reflects a consistent gap rather than a single-period anomaly. The strong 2023-2024 calendar years (25.93% and 21.91%) were not sustained, with consecutive negative returns in 2025 and 2026.
This fund suits investors with a high risk tolerance and a long time horizon of at least 5-7 years, given its thematic nature and volatile calendar-year returns. It is appropriate for those who specifically want ESG-integrated exposure and can accept the possibility of multi-year underperformance versus broader categories. Investors seeking near-term returns or category-beating performance may find the current track record unconvincing.
- Diversified 40-stock portfolio with no single holding exceeding 6.75% of NAV
- Strong calendar-year returns of 25.93% in 2023 and 21.91% in 2024 demonstrate upside capture capability
- Reasonable expense ratio of 1.14% for a direct-plan thematic fund
- Consistent underperformance versus category SIP XIRR averages across 1Y, 3Y, and 5Y horizons, with the 5Y gap exceeding 9 percentage points
- Heavy concentration in financials (Banks, Finance, Capital Markets combined ~38%) creates sector-specific risk
- Negative returns in 2025 (-2.61%) and 2026 (-4.38%) indicate weak recent momentum
Generated on 23-10-2026, 2:58 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.28 L | 9.4% | -31.1% | 51.5% |
| 3 Years | ₹36.00 L | ₹44.09 L | 13.5% | -4.4% | 28.2% |
| 5 Years | ₹60.00 L | ₹71.64 L | 7.3% | 3.0% | 10.5% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 9.4% | 11.7% |
| 3 Years | 13.5% | 16.4% |
| 5 Years | 7.3% | 16.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 10.0% | 6.4% | -12.7% | 42.6% | 0.23 | 0.48 | 63% | — | — |
| 3 Years | 13.7% | 14.1% | 7.5% | 20.7% | 2.48 | — | 100% | — | — |
| 5 Years | 9.2% | 9.6% | 5.2% | 12.3% | 1.56 | 9.20 | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 6.75% |
| 2 | Bajaj Finance Ltd | 4.83% |
| 3 | Bharti Airtel Limited | 4.65% |
| 4 | Titan Company Limited | 4.33% |
| 5 | HDFC Bank Limited | 3.90% |
| 6 | Axis Bank Limited | 3.89% |
| 7 | Infosys Limited | 3.58% |
| 8 | Eternal Limited | 3.57% |
| 9 | Tech Mahindra Limited | 3.29% |
| 10 | Apollo Hospitals Enterprise Limited | 3.26% |