Invesco India Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹48.86+0.66%1 day
- Return since launch
- 21.6%
- 52-week range
- ₹36.58 — ₹48.83
- AUM
- ₹16,321 Cr
Invesco India Small Cap Fund is a Small Cap equity fund from Invesco Mutual Fund with ₹16,321 Cr under management, launched in 2018. Over three years it has returned 15.3% a year, against 12.9% for its category. The expense ratio is 1.84% and the SEBI riskometer reading is Very High.
Performance
Invesco India Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +16.0% against +7.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 24.4% | +16.2 pts | 8.2% | 12.1% |
| 2Y | 16.3% | +7.1 pts | 9.2% | 8.5% |
| 3Y | 15.3% | +2.4 pts | 12.9% | 8.0% |
| 5Y | 20.0% | +6.8 pts | 13.2% | 13.2% |
| 7Y | 23.3% | +4.3 pts | 19.0% | 17.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.3% | +6.1 pts | -0.8% | -1.0% |
| 3M | 0.9% | +3.4 pts | -2.5% | -3.0% |
| 6M | 12.6% | +6.7 pts | 5.9% | 5.0% |
| 1Y | 15.9% | +7.7 pts | 8.2% | 7.6% |
| 2Y | 9.6% | +6.0 pts | 3.6% | 2.9% |
| 3Y | 19.4% | +6.5 pts | 12.9% | 12.5% |
| 5Y | 17.2% | +4.0 pts | 13.2% | 12.4% |
| 7Y | 24.5% | +2.5 pts | 22.1% | 19.8% |
Since launch (10 Oct 2018): 21.6%
Calendar-year returns
Category average24.9%
62.3%
-0.7%
44.1%
37.1%
-2.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -2.9% | +0.5 pts | -3.3% |
| 2024 | 37.1% | +8.9 pts | 28.2% |
| 2023 | 44.1% | +1.3 pts | 42.8% |
| 2022 | -0.7% | −3.4 pts | 2.7% |
| 2021 | 62.3% | −2.7 pts | 65.0% |
| 2020 | 24.9% | −7.2 pts | 32.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.83%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.43%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.35%
- Exit load
- Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 250 SmallCap TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 7.39 | 6.84 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.86 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.68 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.94 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 20.00 | 20.98 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Invesco India Small Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.9%
- Other1.1%
Market cap split
- Large15.5%
- Mid17.3%
- Small67.2%
- P/E
- 41.04
- P/B
- 4.30
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Sai Life Sciences Ltd. | Healthcare | 5.14% | ₹829 Cr | +4.90% | +5.22% | +5.28% |
| Eternal Ltd. | Services | 4.38% | ₹707 Cr | +3.91% | +2.33% | +1.47% |
| Aditya Infotech Ltd. | Communication | 3.98% | ₹643 Cr | +4.55% | +3.26% | +2.59% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 3.69% | ₹595 Cr | +4.20% | +4.77% | +1.90% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 3.42% | ₹551 Cr | +4.49% | +4.29% | +4.20% |
| Interglobe Aviation Ltd. | Services | 3.08% | ₹496 Cr | +3.99% | +4.27% | +2.83% |
| Max Healthcare Institute Ltd. | Healthcare | 2.98% | ₹481 Cr | +3.86% | +4.39% | — |
| Prestige Estates Projects Ltd. | Construction | 2.73% | ₹441 Cr | +2.46% | +1.79% | — |
| Paradeep Phosphates Ltd. | Chemicals | 2.44% | ₹394 Cr | +2.04% | — | — |
| Craftsman Automation Ltd. | Automobile | 2.34% | ₹378 Cr | +2.56% | +1.73% | +1.34% |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 2.25% | ₹363 Cr | +1.55% | +1.75% | +1.59% |
| RBL Bank Ltd. | Financial | 2.20% | ₹356 Cr | +2.43% | +2.77% | — |
| ABB India Ltd. | Capital Goods | 1.97% | ₹318 Cr | +1.40% | — | — |
| Karur Vysya Bank Ltd. | Financial | 1.95% | ₹314 Cr | +2.14% | +3.04% | +2.53% |
| Meesho Ltd. | Services | 1.94% | ₹313 Cr | +1.64% | — | — |
| Global Health Ltd. | Healthcare | 1.86% | ₹300 Cr | +2.15% | +2.29% | +2.58% |
| CORONA Remedies Ltd. | Healthcare | 1.82% | ₹294 Cr | +2.06% | +2.37% | — |
| Timken India Ltd. | Capital Goods | 1.73% | ₹279 Cr | +1.04% | +1.07% | — |
| L&T Finance Ltd. | Financial | 1.72% | ₹278 Cr | +1.73% | +1.94% | +2.30% |
| The Federal Bank Ltd. | Financial | 1.66% | ₹268 Cr | +2.08% | +2.38% | +1.23% |
| BSE Ltd. | Services | 1.57% | ₹252 Cr | +2.36% | +2.98% | +2.32% |
| Manipal Health Enterprises Ltd. | Healthcare | 1.54% | ₹248 Cr | — | — | — |
| Aether Industries Ltd. | Chemicals | 1.51% | ₹244 Cr | +1.46% | +1.58% | +0.28% |
| ICICI Bank Ltd. | Financial | 1.49% | ₹241 Cr | — | — | — |
| Trent Ltd. | Services | 1.48% | ₹238 Cr | +2.23% | +1.88% | +1.33% |
| Kwality Wall's (India) Ltd. | Consumer Staples | 1.46% | ₹235 Cr | +1.57% | +1.31% | — |
| Max Financial Services Ltd. | Financial | 1.44% | ₹232 Cr | — | — | — |
| Angel One Ltd. | Financial | 1.37% | ₹221 Cr | +1.01% | +1.01% | +1.08% |
| EIH Ltd. | Services | 1.31% | ₹212 Cr | +0.54% | +0.48% | — |
| Belrise Industries Ltd. | Automobile | 1.30% | ₹209 Cr | — | — | — |
| Go Digit General Insurance Ltd. | Insurance | 1.27% | ₹205 Cr | +1.06% | +1.55% | +1.88% |
| WeWork India Management Ltd. | Services | 1.26% | ₹204 Cr | +1.59% | +1.53% | — |
| City Union Bank Ltd. | Financial | 1.25% | ₹202 Cr | +0.25% | — | — |
| Ethos Ltd. | Services | 1.21% | ₹196 Cr | +1.41% | +1.83% | +1.19% |
| Ceat Ltd. | Automobile | 1.19% | ₹192 Cr | +1.53% | +0.67% | — |
| Brigade Enterprises Ltd. | Construction | 1.16% | ₹187 Cr | +0.90% | +1.28% | +2.02% |
| AU Small Finance Bank Ltd. | Financial | 1.14% | ₹184 Cr | +1.41% | +1.67% | — |
| Indusind Bank Ltd. | Financial | 1.11% | ₹179 Cr | +1.37% | +0.97% | — |
| Delhivery Ltd. | Services | 1.10% | ₹177 Cr | +1.52% | +1.95% | +2.58% |
| Others | Others | 1.08% | ₹177 Cr | -0.70% | -0.08% | -0.86% |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.06% | ₹171 Cr | +1.06% | +1.32% | +1.41% |
| Anand Rathi Wealth Ltd. | Financial | 1.05% | ₹169 Cr | +1.18% | +1.31% | +1.40% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.01% | ₹162 Cr | — | — | — |
| JK Lakshmi Cement Ltd. | Materials | 0.98% | ₹157 Cr | +1.45% | +1.94% | +3.09% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.98% | ₹158 Cr | +1.30% | +1.65% | +1.39% |
| Cholamandalam Financial Holdings Ltd. | Financial | 0.93% | ₹150 Cr | +1.34% | +1.61% | +2.53% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.91% | ₹146 Cr | +1.22% | +1.44% | +1.17% |
| Carborundum Universal Ltd. | Metals & Mining | 0.89% | ₹144 Cr | +1.01% | +0.64% | +0.88% |
| Neogen Chemicals Ltd. | Chemicals | 0.84% | ₹135 Cr | +0.34% | +0.27% | +0.41% |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 0.82% | ₹132 Cr | +1.07% | +0.36% | +0.47% |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.79% | ₹127 Cr | +0.71% | +0.96% | +1.29% |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 0.77% | ₹124 Cr | — | — | — |
| Bansal Wire Industries Ltd. | Metals & Mining | 0.76% | ₹123 Cr | +0.97% | +0.16% | — |
| BEML Ltd. | Capital Goods | 0.75% | ₹122 Cr | +0.80% | +0.91% | +1.58% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 0.73% | ₹118 Cr | +1.03% | +1.27% | +2.19% |
| Sonata Software Ltd. | Technology | 0.73% | ₹118 Cr | +0.91% | +1.04% | +1.86% |
| Chalet Hotels Ltd. | Services | 0.67% | ₹108 Cr | +0.64% | +0.32% | — |
| Gaja Alternative Asset Management Ltd. | Financial | 0.59% | ₹94.75 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.58% | ₹93.08 Cr | +0.76% | — | — |
| The Phoenix Mills Ltd. | Construction | 0.49% | ₹78.75 Cr | +0.59% | +0.67% | +0.79% |
| Central Depository Services (India) Ltd. | Financial | 0.48% | ₹77.61 Cr | +0.60% | +0.75% | +1.11% |
| Foseco India Ltd. | Chemicals | 0.48% | ₹77.33 Cr | — | — | — |
| Innova Captab Ltd. | Healthcare | 0.45% | ₹73.07 Cr | +0.46% | +0.47% | +0.67% |
| Zensar Technologies Ltd. | Technology | 0.44% | ₹70.58 Cr | +0.53% | +0.93% | +1.39% |
| Max Estates Ltd. | Construction | 0.36% | ₹57.32 Cr | +0.31% | +0.22% | +0.38% |
| National Stock Exchange | Financial | 0.36% | ₹57.47 Cr | — | — | — |
| Syngene International Ltd. | Healthcare | 0.29% | ₹47.55 Cr | — | — | — |
| Orchid Pharma Ltd. | Healthcare | 0.28% | ₹45.38 Cr | +0.33% | +0.24% | +0.40% |
| JK Cement Ltd. | Materials | 0.27% | ₹43.42 Cr | +0.35% | — | — |
| SPR Auto Technologies Ltd. | Automobile | 0.24% | ₹38.06 Cr | — | — | — |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 0.16% | ₹26.33 Cr | +0.54% | +0.79% | +1.26% |
| Birla Corporation Ltd. | Materials | 0.14% | ₹21.98 Cr | +0.19% | +0.24% | +0.40% |
| Aster DM Quality Care Ltd. | Healthcare | 0.12% | ₹19.83 Cr | +0.17% | +0.21% | — |
| Milky Mist Dairy Food Ltd. | Consumer Staples | 0.05% | ₹7.73 Cr | — | — | — |
| Deepak Nitrite Ltd. | Chemicals | 0.03% | ₹5.10 Cr | +0.04% | — | — |
| KSB Ltd. | Capital Goods | 0.00% | ₹0.68 Cr | +0.01% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -0.44% | -3.40% | -2.96% |
| ICICI Bank Ltd. | 0.00% | 1.49% | +1.49% |
| Max Financial Services Ltd. | 0.00% | 1.44% | +1.44% |
| Billionbrains Garage Ventures Ltd. | 0.00% | 1.01% | +1.01% |
| EIH Ltd. | 0.49% | 1.31% | +0.82% |
| SEDEMAC Mechatronics Ltd. | 0.00% | 0.77% | +0.77% |
| City Union Bank Ltd. | 0.60% | 1.25% | +0.65% |
| Go Digit General Insurance Ltd. | 0.72% | 1.27% | +0.55% |
| Neogen Chemicals Ltd. | 0.31% | 0.84% | +0.53% |
| Prestige Estates Projects Ltd. | 2.31% | 2.73% | +0.42% |
| National Stock Exchange | 0.00% | 0.36% | +0.36% |
| Amber Enterprises India Ltd. | 4.00% | 3.69% | -0.31% |
| Kwality Wall's (India) Ltd. | 1.73% | 1.46% | -0.27% |
| The Federal Bank Ltd. | 1.91% | 1.66% | -0.25% |
| Craftsman Automation Ltd. | 2.58% | 2.34% | -0.24% |
| Interglobe Aviation Ltd. | 3.31% | 3.08% | -0.23% |
| Eternal Ltd. | 4.60% | 4.38% | -0.22% |
| Ethos Ltd. | 1.42% | 1.21% | -0.21% |
| Aditya Infotech Ltd. | 3.78% | 3.98% | +0.20% |
| Global Health Ltd. | 2.06% | 1.86% | -0.20% |
| L&T Finance Ltd. | 1.52% | 1.72% | +0.20% |
| Brigade Enterprises Ltd. | 1.35% | 1.16% | -0.19% |
| Karur Vysya Bank Ltd. | 2.14% | 1.95% | -0.19% |
| Dr. Agarwal's Health Care Ltd. | 2.44% | 2.25% | -0.19% |
| Trent Ltd. | 1.66% | 1.48% | -0.18% |
| Aditya Birla Real Estate Ltd | 0.90% | 0.73% | -0.17% |
| Indusind Bank Ltd. | 1.28% | 1.11% | -0.17% |
| Ingersoll-Rand (India) Ltd. | 0.98% | 0.82% | -0.16% |
| Manipal Health Enterprises Ltd. | 1.70% | 1.54% | -0.16% |
| Delhivery Ltd. | 1.25% | 1.10% | -0.15% |
| Meesho Ltd. | 1.79% | 1.94% | +0.15% |
| BSE Ltd. | 1.70% | 1.57% | -0.13% |
| AU Small Finance Bank Ltd. | 1.26% | 1.14% | -0.12% |
| Krishna Institute of Medical Sciences Ltd | 3.54% | 3.42% | -0.12% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.09% | 0.98% | -0.11% |
| Sonata Software Ltd. | 0.84% | 0.73% | -0.11% |
| Paradeep Phosphates Ltd. | 2.55% | 2.44% | -0.11% |
| JK Lakshmi Cement Ltd. | 1.08% | 0.98% | -0.10% |
| Angel One Ltd. | 1.47% | 1.37% | -0.10% |
| Sai Life Sciences Ltd. | 5.04% | 5.14% | +0.10% |
| Ceat Ltd. | 1.28% | 1.19% | -0.09% |
| Cholamandalam Financial Holdings Ltd. | 1.02% | 0.93% | -0.09% |
| WeWork India Management Ltd. | 1.34% | 1.26% | -0.08% |
| Carborundum Universal Ltd. | 0.81% | 0.89% | +0.08% |
| RBL Bank Ltd. | 2.13% | 2.20% | +0.07% |
| ABB India Ltd. | 1.90% | 1.97% | +0.07% |
| Anand Rathi Wealth Ltd. | 1.12% | 1.05% | -0.07% |
| Central Depository Services (India) Ltd. | 0.55% | 0.48% | -0.07% |
| Chalet Hotels Ltd. | 0.74% | 0.67% | -0.07% |
| Safari Industries (India) Ltd. | 0.98% | 0.91% | -0.07% |
| Gaja Alternative Asset Management Ltd. | 0.65% | 0.59% | -0.06% |
| Timken India Ltd. | 1.78% | 1.73% | -0.05% |
| Zensar Technologies Ltd. | 0.49% | 0.44% | -0.05% |
| Max Healthcare Institute Ltd. | 3.03% | 2.98% | -0.05% |
| Syngene International Ltd. | 0.33% | 0.29% | -0.04% |
| Mrs. Bectors Food Specialities Ltd. | 0.20% | 0.16% | -0.04% |
| Max Estates Ltd. | 0.32% | 0.36% | +0.04% |
| Aether Industries Ltd. | 1.54% | 1.51% | -0.03% |
| Aster DM Quality Care Ltd. | 0.14% | 0.12% | -0.02% |
| Belrise Industries Ltd. | 1.28% | 1.30% | +0.02% |
| Grindwell Norton Ltd. | 0.60% | 0.58% | -0.02% |
| Innova Captab Ltd. | 0.43% | 0.45% | +0.02% |
| Jyoti CNC Automation Ltd. | 0.77% | 0.79% | +0.02% |
| Leela Palaces Hotels & Resorts Ltd. | 1.08% | 1.06% | -0.02% |
| Milky Mist Dairy Food Ltd. | 0.03% | 0.05% | +0.02% |
| Bansal Wire Industries Ltd. | 0.77% | 0.76% | -0.01% |
| Foseco India Ltd. | 0.49% | 0.48% | -0.01% |
| JK Cement Ltd. | 0.28% | 0.27% | -0.01% |
| Deepak Nitrite Ltd. | 0.04% | 0.03% | -0.01% |
| Birla Corporation Ltd. | 0.15% | 0.14% | -0.01% |
| KSB Ltd. | 0.00% | 0.00% | 0.00% |
| BEML Ltd. | 0.75% | 0.75% | 0.00% |
| CORONA Remedies Ltd. | 1.82% | 1.82% | 0.00% |
| Orchid Pharma Ltd. | 0.28% | 0.28% | 0.00% |
| SPR Auto Technologies Ltd. | 0.24% | 0.24% | 0.00% |
| The Phoenix Mills Ltd. | 0.49% | 0.49% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹12,145 Cr | 2.09% | 21.4% | 13.2% | 19.3% |
 Bandhan Small Cap Fund | ₹35,856 Cr | 1.73% | 11.0% | 11.3% | 19.5% |
 Mahindra Manulife Small Cap Fund | ₹5,373 Cr | 2.17% | 21.8% | 12.1% | — |
 Bank of India Small Cap Fund | ₹3,685 Cr | 2.25% | 31.1% | 15.8% | 18.8% |
 ITI Small Cap Fund | ₹3,666 Cr | 2.20% | 21.6% | 13.7% | 19.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation by investing predominantly in stocks of Small cap entities.
Fund managers
- Aditya KhemaniMr. Khemani has done B.Com (Hons) and PGDM from IIM, Lucknow.Prior to joining Invesco Mutual Fund, He was associated with Motilal Oswal Mutual Fund, HSBC AMC, SBI Mutual Fund, ICICI Prudential AMC and Morgan Stanley Advantage Services.
- Taher BadshahMr. Taher Badshah is a B.E (Electronics) and MMS (Finance) from University of Mumbai.Prior to joining Invesco Asset Management Pvt. Ltd. he has worked with Motilal Oswal Asset Management Company Ltd., Aditya Birla Sun Life Mutual Fund, Kotak Mahindra and ICICI Prudential AMC.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months12.63% absolute | ₹60,000 | ₹67,578 | 12.63% | |
| 1 year15.89% annualised | ₹1,20,000 | ₹1,30,847 | 9.04% | |
| 3 years19.38% annualised | ₹3,60,000 | ₹4,90,931 | 36.37% | |
| 5 years17.22% annualised | ₹6,00,000 | ₹9,55,040 | 59.17% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Invesco India Small Cap Fund?
The NAV of Invesco India Small Cap Fund is ₹48.86 as on 9 Nov 2026.
What is the expense ratio of Invesco India Small Cap Fund?
The expense ratio of Invesco India Small Cap Fund is 1.84% per year.
What is the minimum SIP amount for Invesco India Small Cap Fund?
You can start a SIP in Invesco India Small Cap Fund with ₹3,000 a month.
What returns has Invesco India Small Cap Fund given?
Invesco India Small Cap Fund has returned 24.4% over 1 year, 15.3% over 3 years and 20.0% over 5 years (annualised).
Is there a lock-in or exit load on Invesco India Small Cap Fund?
Lock-in: None. Exit load: Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year..
How risky is Invesco India Small Cap Fund?
Invesco India Small Cap Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap category.
Which fund house manages Invesco India Small Cap Fund?
Invesco India Small Cap Fund is managed by Invesco Mutual Fund, which runs 46 schemes with ₹1,65,375 Cr under management.