Invesco India Financial Services Fund
Direct · GrowthAI Summary
Invesco India Financial Services Fund has delivered an overall SIP XIRR of 15.29% over 1Y, 19.21% over 3Y, and 17.21% over 5Y. It outperformed the category average SIP XIRR over 1Y (12.09%), 3Y (18.44%), and 12Y (17.61%), but lagged the category over 5Y (19.6%), 7Y (17.51%), and 10Y (18.16%). Rolling lump-sum returns show a similar pattern, with 15.72% mean over 1Y windows and 18.95% mean over 3Y windows.
The maximum drawdown of -0.42% with a 269-day recovery suggests the fund has experienced limited peak-to-trough erosion in the measured period, though there have been 14 drawdown events exceeding 10% historically. Calmar ratios range from 0.3717 (7Y) to 0.4597 (1Y), indicating moderate risk-adjusted returns. As a sectoral financials fund, investors should expect higher volatility than diversified equity funds.
The portfolio is concentrated in 32 holdings, with banks dominating at 45.3% of NAV followed by capital markets at 25.1% and finance at 16.3%. ICICI Bank is the top holding at 12.84%, and the top 10 holdings account for roughly 57% of the portfolio. Exposure spans banks, capital markets (MCX, BSE, ICICI Prudential AMC), and non-bank financiers like Shriram Finance and Cholamandalam.
The fund shows mixed positioning versus category peers on SIP XIRR: stronger over short windows (1Y and 3Y) but weaker over medium-term windows (5Y, 7Y, and 10Y). Calendar-year returns are uneven, ranging from 58.05% in 2014 to -10.78% in 2013 and -4.77% in 2026 year-to-date. This variability reflects the inherent cyclicality of financial sector performance.
This fund is suitable for investors with a high risk tolerance who want targeted exposure to the Indian financial sector and understand sectoral funds' cyclical nature. A time horizon of at least 5-7 years is recommended to ride through sector downcycles like 2013 and 2026. It should be treated as a satellite holding within a diversified portfolio, not a core investment, with a typical allocation of 5-10% of equity holdings.
- Strong 3Y SIP XIRR of 19.21% which beats the category average of 18.44%
- Diversified within the financial sector across banks, capital markets, and non-bank financiers with 32 holdings
- Low expense ratio of 0.81% for a sectoral direct plan
- Underperformance versus category average SIP XIRR over 5Y (17.21% vs 19.6%), 7Y (15.94% vs 17.51%), and 10Y (16.8% vs 18.16%)
- Heavy sector and stock concentration with 45.3% in banks and ICICI Bank alone at 12.84% of NAV, amplifying sector-specific risk
Generated on 02-11-2026, 3:38 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 | ₹13.06 L | 21.0% | -62.4% | 106.8% |
| 3 Years | ₹36.00 L | ₹46.38 L | 17.4% | -21.0% | 32.9% |
| 5 Years | ₹60.00 L | ₹90.71 L | 16.7% | -4.6% | 26.9% |
| 7 Years | ₹84.00 L | ₹1.50 Cr | 16.0% | 3.0% | 21.8% |
| 10 Years | ₹1.20 Cr | ₹2.88 Cr | 16.8% | 13.5% | 19.5% |
| 12 Years | ₹1.44 Cr | ₹4.30 Cr | 17.1% | 14.6% | 18.9% |
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 | 21.0% | 12.1% |
| 3 Years | 17.4% | 18.4% |
| 5 Years | 16.7% | 19.6% |
| 7 Years | 16.0% | 17.5% |
| 10 Years | 16.8% | 18.2% |
| 12 Years | 17.1% | 17.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.5% | 16.8% | -32.5% | 89.3% | 0.61 | 1.80 | 84% | — | — |
| 3 Years | 17.5% | 18.6% | -4.0% | 33.6% | 1.62 | 7.45 | 98% | — | — |
| 5 Years | 16.5% | 16.8% | 2.9% | 29.4% | 2.11 | 54.34 | 100% | — | — |
| 10 Years | 17.1% | 17.1% | 13.4% | 20.5% | 6.90 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 12.84% |
| 2 | Axis Bank Limited | 6.95% |
| 3 | HDFC Bank Limited | 5.98% |
| 4 | Karur Vysya Bank Limited | 5.13% |
| 5 | Multi Commodity Exchange of India Limited | 4.63% |
| 6 | Kotak Mahindra Bank Ltd | 4.38% |
| 7 | ICICI Prudential Asset Management Company Limited | 4.21% |
| 8 | Shriram Finance Limited | 4.02% |
| 9 | BSE Limited | 3.85% |
| 10 | Cholamandalam Investment and Finance Company Limited | 3.54% |