Invesco India Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹48.08-1.23%1 day
- Return since launch
- 22.0%
- 52-week range
- ₹36.58 — ₹48.83
- AUM
- ₹15,744 Cr
Invesco India Small Cap Fund is a Small Cap equity fund from Invesco Mutual Fund with ₹15,744 Cr under management, launched in 2018. Over three years it has returned 16.2% a year, against 15.6% 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 +15.6% against +11.5% 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% | +12.4 pts | 12.0% | 21.6% |
| 2Y | 15.6% | +3.0 pts | 12.6% | 12.3% |
| 3Y | 16.2% | +0.6 pts | 15.6% | 11.5% |
| 5Y | 20.6% | +5.4 pts | 15.2% | 15.5% |
| 7Y | 23.9% | +2.9 pts | 21.1% | 19.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.9% | −0.6 pts | -0.3% | -0.8% |
| 3M | 4.2% | −0.8 pts | 5.0% | 4.5% |
| 6M | 25.4% | +0.3 pts | 25.1% | 23.7% |
| 1Y | 15.6% | +3.6 pts | 12.0% | 11.5% |
| 2Y | 5.9% | +3.6 pts | 2.3% | 2.1% |
| 3Y | 22.0% | +6.4 pts | 15.6% | 14.9% |
| 5Y | 18.5% | +3.3 pts | 15.2% | 14.3% |
| 7Y | 24.8% | +2.0 pts | 22.8% | 20.6% |
Since launch (10 Oct 2018): 22.0%
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 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.44%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- 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 | 7.89 | 7.57 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.86 | 0.91 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.84 | 0.82 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.05 | 1.22 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 19.55 | 20.45 | 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 31 Aug 2026
Asset allocation
- Equity95.3%
- Other4.8%
Market cap split
- Large13.8%
- Mid16.5%
- Small69.7%
- P/E
- 43.69
- P/B
- 4.52
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Sai Life Sciences Ltd. | Healthcare | 5.04% | ₹794 Cr | +4.89% | +5.08% | +5.28% |
| Others | Others | 4.75% | ₹750 Cr | -0.12% | +0.02% | +0.96% |
| Eternal Ltd. | Services | 4.60% | ₹725 Cr | +3.48% | +1.82% | +0.50% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 4.00% | ₹629 Cr | +4.85% | +5.50% | — |
| Aditya Infotech Ltd. | Communication | 3.78% | ₹596 Cr | +4.14% | +2.90% | +1.89% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 3.54% | ₹558 Cr | +4.12% | +4.87% | +4.54% |
| Interglobe Aviation Ltd. | Services | 3.31% | ₹521 Cr | +3.74% | +3.71% | +2.98% |
| Max Healthcare Institute Ltd. | Healthcare | 3.03% | ₹477 Cr | +3.77% | +3.87% | — |
| Craftsman Automation Ltd. | Automobile | 2.58% | ₹406 Cr | +1.90% | +1.52% | +1.42% |
| Paradeep Phosphates Ltd. | Chemicals | 2.55% | ₹401 Cr | +2.02% | — | — |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 2.44% | ₹385 Cr | +1.79% | +1.49% | +1.41% |
| Prestige Estates Projects Ltd. | Construction | 2.31% | ₹363 Cr | +2.25% | +1.38% | — |
| Karur Vysya Bank Ltd. | Financial | 2.14% | ₹336 Cr | +2.39% | +3.25% | +2.68% |
| RBL Bank Ltd. | Financial | 2.13% | ₹335 Cr | +2.60% | +2.90% | — |
| Global Health Ltd. | Healthcare | 2.06% | ₹325 Cr | +2.23% | +2.57% | +2.81% |
| The Federal Bank Ltd. | Financial | 1.91% | ₹301 Cr | +2.08% | +2.61% | +1.28% |
| ABB India Ltd. | Capital Goods | 1.90% | ₹299 Cr | +1.37% | — | — |
| CORONA Remedies Ltd. | Healthcare | 1.82% | ₹287 Cr | +2.00% | +2.17% | — |
| Meesho Ltd. | Services | 1.79% | ₹282 Cr | — | — | — |
| Timken India Ltd. | Capital Goods | 1.78% | ₹280 Cr | +1.03% | +0.71% | — |
| Kwality Wall's (India) Ltd. | Consumer Staples | 1.73% | ₹272 Cr | +1.23% | +1.31% | — |
| BSE Ltd. | Services | 1.70% | ₹268 Cr | +2.89% | +2.85% | +2.49% |
| company:20750 | Healthcare | 1.70% | ₹267 Cr | — | — | — |
| Trent Ltd. | Services | 1.66% | ₹262 Cr | +2.18% | +1.90% | +1.57% |
| Aether Industries Ltd. | Chemicals | 1.54% | ₹243 Cr | +1.34% | +0.38% | +0.29% |
| L&T Finance Ltd. | Financial | 1.52% | ₹239 Cr | +1.82% | +2.18% | +2.09% |
| Angel One Ltd. | Financial | 1.47% | ₹231 Cr | +1.18% | +0.98% | +1.17% |
| Ethos Ltd. | Services | 1.42% | ₹224 Cr | +1.57% | +1.93% | +1.11% |
| Brigade Enterprises Ltd. | Construction | 1.35% | ₹213 Cr | +1.01% | +1.29% | +2.17% |
| WeWork India Management Ltd. | Services | 1.34% | ₹211 Cr | +1.58% | +1.58% | — |
| Belrise Industries Ltd. | Automobile | 1.28% | ₹202 Cr | — | — | — |
| Ceat Ltd. | Automobile | 1.28% | ₹201 Cr | +1.63% | — | — |
| Indusind Bank Ltd. | Financial | 1.28% | ₹202 Cr | +1.55% | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.26% | ₹198 Cr | +1.53% | +1.79% | — |
| Delhivery Ltd. | Services | 1.25% | ₹197 Cr | +1.67% | +1.92% | +2.80% |
| Anand Rathi Wealth Ltd. | Financial | 1.12% | ₹176 Cr | +1.17% | +1.26% | +1.44% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.09% | ₹171 Cr | +1.38% | +1.51% | +0.87% |
| JK Lakshmi Cement Ltd. | Materials | 1.08% | ₹170 Cr | +1.61% | +2.35% | +3.47% |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.08% | ₹170 Cr | +1.05% | +1.39% | +1.43% |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.02% | ₹161 Cr | +1.46% | +1.82% | +2.42% |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 0.98% | ₹154 Cr | +1.18% | +0.39% | +0.47% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.98% | ₹155 Cr | +1.31% | +1.21% | +1.20% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 0.90% | ₹141 Cr | +1.11% | +1.39% | +2.37% |
| Sonata Software Ltd. | Technology | 0.84% | ₹133 Cr | +1.03% | +1.26% | +1.97% |
| Carborundum Universal Ltd. | Metals & Mining | 0.81% | ₹127 Cr | +1.01% | +0.65% | +0.90% |
| Bansal Wire Industries Ltd. | Metals & Mining | 0.77% | ₹120 Cr | +0.43% | +0.18% | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.77% | ₹122 Cr | +0.62% | +1.03% | +1.44% |
| BEML Ltd. | Capital Goods | 0.75% | ₹118 Cr | +0.90% | +1.06% | +1.52% |
| Chalet Hotels Ltd. | Services | 0.74% | ₹116 Cr | +0.52% | +0.10% | — |
| Go Digit General Insurance Ltd. | Insurance | 0.72% | ₹113 Cr | +1.14% | +1.52% | +2.03% |
| company:20817 | Financial | 0.65% | ₹102 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 0.60% | ₹94.06 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.60% | ₹94.43 Cr | +0.61% | — | — |
| Central Depository Services (India) Ltd. | Financial | 0.55% | ₹86.11 Cr | +0.65% | +0.80% | +1.13% |
| EIH Ltd. | Services | 0.49% | ₹77.24 Cr | +0.47% | +0.32% | — |
| The Phoenix Mills Ltd. | Construction | 0.49% | ₹77.32 Cr | +0.62% | +0.69% | +0.79% |
| Zensar Technologies Ltd. | Technology | 0.49% | ₹76.97 Cr | +0.71% | +0.97% | +1.46% |
| company:1151 | Chemicals | 0.49% | ₹76.97 Cr | — | — | — |
| Innova Captab Ltd. | Healthcare | 0.43% | ₹67.92 Cr | +0.46% | +0.43% | +0.74% |
| Syngene International Ltd. | Healthcare | 0.33% | ₹52.16 Cr | — | — | — |
| Max Estates Ltd. | Construction | 0.32% | ₹50.04 Cr | +0.31% | +0.27% | +0.37% |
| Neogen Chemicals Ltd. | Chemicals | 0.31% | ₹48.98 Cr | +0.35% | +0.34% | +0.40% |
| JK Cement Ltd. | Materials | 0.28% | ₹43.91 Cr | +0.26% | — | — |
| Orchid Pharma Ltd. | Healthcare | 0.28% | ₹44.19 Cr | +0.31% | +0.29% | +0.43% |
| company:5764 | Automobile | 0.24% | ₹37.69 Cr | — | — | — |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 0.20% | ₹31.73 Cr | +0.59% | +0.87% | +1.45% |
| Birla Corporation Ltd. | Materials | 0.15% | ₹22.84 Cr | +0.22% | +0.27% | +0.42% |
| Aster DM Quality Care Ltd. | Healthcare | 0.14% | ₹21.51 Cr | +0.18% | +0.19% | — |
| Deepak Nitrite Ltd. | Chemicals | 0.04% | ₹5.84 Cr | +0.05% | — | — |
| company:20772 | Consumer Staples | 0.03% | ₹5.15 Cr | — | — | — |
| KSB Ltd. | Capital Goods | 0.00% | ₹0.64 Cr | +0.01% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 5.14% | -0.44% | -5.58% |
| company:20750 | 0.00% | 1.70% | +1.70% |
| Dr. Agarwal's Health Care Ltd. | 1.43% | 2.44% | +1.01% |
| company:20817 | 0.00% | 0.65% | +0.65% |
| Angel One Ltd. | 0.84% | 1.47% | +0.63% |
| Krishna Institute of Medical Sciences Ltd | 4.10% | 3.54% | -0.56% |
| company:1151 | 0.00% | 0.49% | +0.49% |
| Kwality Wall's (India) Ltd. | 1.28% | 1.73% | +0.45% |
| Max Healthcare Institute Ltd. | 3.47% | 3.03% | -0.44% |
| Mrs. Bectors Food Specialities Ltd. | 0.58% | 0.20% | -0.38% |
| City Union Bank Ltd. | 0.23% | 0.60% | +0.37% |
| BSE Ltd. | 2.06% | 1.70% | -0.36% |
| ABB India Ltd. | 1.56% | 1.90% | +0.34% |
| Interglobe Aviation Ltd. | 3.56% | 3.31% | -0.25% |
| WeWork India Management Ltd. | 1.58% | 1.34% | -0.24% |
| company:5764 | 0.00% | 0.24% | +0.24% |
| Trent Ltd. | 1.89% | 1.66% | -0.23% |
| CORONA Remedies Ltd. | 2.03% | 1.82% | -0.21% |
| Delhivery Ltd. | 1.44% | 1.25% | -0.19% |
| The Federal Bank Ltd. | 2.09% | 1.91% | -0.18% |
| Sonata Software Ltd. | 1.01% | 0.84% | -0.17% |
| JK Lakshmi Cement Ltd. | 1.25% | 1.08% | -0.17% |
| Amber Enterprises India Ltd. | 3.84% | 4.00% | +0.16% |
| RBL Bank Ltd. | 2.29% | 2.13% | -0.16% |
| Karur Vysya Bank Ltd. | 2.29% | 2.14% | -0.15% |
| Timken India Ltd. | 1.93% | 1.78% | -0.15% |
| Belrise Industries Ltd. | 1.42% | 1.28% | -0.14% |
| Aditya Infotech Ltd. | 3.91% | 3.78% | -0.13% |
| EIH Ltd. | 0.62% | 0.49% | -0.13% |
| Cholamandalam Financial Holdings Ltd. | 1.15% | 1.02% | -0.13% |
| Safari Industries (India) Ltd. | 1.10% | 0.98% | -0.12% |
| Aditya Birla Real Estate Ltd | 1.02% | 0.90% | -0.12% |
| Ceat Ltd. | 1.39% | 1.28% | -0.11% |
| Craftsman Automation Ltd. | 2.47% | 2.58% | +0.11% |
| Indusind Bank Ltd. | 1.39% | 1.28% | -0.11% |
| Zensar Technologies Ltd. | 0.59% | 0.49% | -0.10% |
| Sai Life Sciences Ltd. | 4.94% | 5.04% | +0.10% |
| Jyoti CNC Automation Ltd. | 0.68% | 0.77% | +0.09% |
| Grindwell Norton Ltd. | 0.68% | 0.60% | -0.08% |
| L&T Finance Ltd. | 1.60% | 1.52% | -0.08% |
| Global Health Ltd. | 2.13% | 2.06% | -0.07% |
| AU Small Finance Bank Ltd. | 1.32% | 1.26% | -0.06% |
| Leela Palaces Hotels & Resorts Ltd. | 1.02% | 1.08% | +0.06% |
| Meesho Ltd. | 1.73% | 1.79% | +0.06% |
| Bansal Wire Industries Ltd. | 0.83% | 0.77% | -0.06% |
| Brigade Enterprises Ltd. | 1.30% | 1.35% | +0.05% |
| Go Digit General Insurance Ltd. | 0.77% | 0.72% | -0.05% |
| Max Estates Ltd. | 0.27% | 0.32% | +0.05% |
| Ethos Ltd. | 1.37% | 1.42% | +0.05% |
| Prestige Estates Projects Ltd. | 2.35% | 2.31% | -0.04% |
| The Phoenix Mills Ltd. | 0.53% | 0.49% | -0.04% |
| JK Cement Ltd. | 0.32% | 0.28% | -0.04% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.13% | 1.09% | -0.04% |
| Ingersoll-Rand (India) Ltd. | 0.95% | 0.98% | +0.03% |
| Syngene International Ltd. | 0.30% | 0.33% | +0.03% |
| company:20772 | 0.00% | 0.03% | +0.03% |
| Orchid Pharma Ltd. | 0.31% | 0.28% | -0.03% |
| Carborundum Universal Ltd. | 0.84% | 0.81% | -0.03% |
| Eternal Ltd. | 4.62% | 4.60% | -0.02% |
| Chalet Hotels Ltd. | 0.72% | 0.74% | +0.02% |
| Aster DM Quality Care Ltd. | 0.16% | 0.14% | -0.02% |
| Central Depository Services (India) Ltd. | 0.57% | 0.55% | -0.02% |
| Anand Rathi Wealth Ltd. | 1.14% | 1.12% | -0.02% |
| Aether Industries Ltd. | 1.53% | 1.54% | +0.01% |
| BEML Ltd. | 0.74% | 0.75% | +0.01% |
| Birla Corporation Ltd. | 0.16% | 0.15% | -0.01% |
| Innova Captab Ltd. | 0.42% | 0.43% | +0.01% |
| KSB Ltd. | 0.00% | 0.00% | 0.00% |
| Deepak Nitrite Ltd. | 0.04% | 0.04% | 0.00% |
| Neogen Chemicals Ltd. | 0.31% | 0.31% | 0.00% |
| Paradeep Phosphates Ltd. | 2.55% | 2.55% | 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 | ₹11,638 Cr | 2.08% | 31.8% | 17.0% | 21.8% |
 Bandhan Small Cap Fund | ₹34,176 Cr | 1.72% | 20.0% | 15.6% | 22.0% |
 Mahindra Manulife Small Cap Fund | ₹5,468 Cr | 2.19% | 28.0% | 14.7% | — |
 ITI Small Cap Fund | ₹3,603 Cr | 2.22% | 34.0% | 18.0% | 22.1% |
 Bank of India Small Cap Fund | ₹3,307 Cr | 2.18% | 45.2% | 19.7% | 21.2% |
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 months25.40% absolute | ₹60,000 | ₹75,240 | 25.40% | |
| 1 year15.63% annualised | ₹1,20,000 | ₹1,30,661 | 8.88% | |
| 3 years21.98% annualised | ₹3,60,000 | ₹5,12,659 | 42.41% | |
| 5 years18.46% annualised | ₹6,00,000 | ₹9,89,556 | 64.93% |
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 ₹48.08 as on 24 Sep 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, 16.2% over 3 years and 20.6% 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 44 schemes with ₹1,46,718 Cr under management.