Contents
The Invesco India Mid Cap Fund Regular (Growth) is a dedicated Mid-Cap Category Fund. This plan was launched on 19th April 2007.
Investment in Invesco India Mid Cap Fund is a moderately high-risk bet. It is suitable only for those investors who have a sound knowledge of investing.
The Scheme has earned annualized returns of 9.37% for 3-years investment and 12.71% over 5-years. The AUM or the fund size of this fund has crossed over Rs. 456 crores, till 28th June 2019. The NAV (Net Asset Value) is Rs. 47.00.
(The figures given here are dated 28th June 2019, for updated information, please visit our website Wealthbucket)
With the significant portion being invested in high conviction mid-cap companies. The chosen Benchmark is NIFTY MidCap 100 TRI.
The minimum SIP investment is Rs 500.
Objectives
The objective of introducing this scheme by the Invesco AMC was to serve the investment needs of individuals, corporates, and institutions through mutual funds and sub-advised portfolios. The AMC strives to provide the best service and financial care. The primary aim of this open-ended plan is to create wealth over the long-term.
The Fund seeks to invest in mid-cap companies with high potential. The significant part of the Corpus is invested in equity and equity-related instruments, of MidCap Companies.
It is an open-ended scheme, implying that you can enter and exit at any time. It seeks to appreciate wealth by investing significantly in Midcap companies. Midcap companies mean 101st – 250th company on the list of SEBI complete market capitalization.
The scheme keeps the business model and processes dynamic, to cater to the fast-changing market scenarios. The investment approach is selecting those midcap companies which are expected to benefit from India’s long term economic growth.
Annualized Returns
5-Year Annualized Returns of Invesco India Mid Cap Fund: Wealthbucket
| Returns | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|---|---|---|---|---|---|
| 0.43% | 9.37% | 12.71% | 19.25% | 13.75% |
Important Details
| NAV | Rs. 47.00 |
|---|---|
| AUM | Rs. 456 Cr |
| Minimum SIP Amount | Rs. 500 |
| Minimum Lump Sum Amount to Invest | Rs. 1,000 |
| Risk | Moderate-High |
| Expense Ratio | 2.62% |
| Launch Date | April 19, 2007 |
| Benchmark | NIFTY MidCap 100 TRI |
| Type | Open-Ended Fund |
| Exit Load | Nil |
Top 10 Portfolio Holdings of Invesco India Mid Cap Fund
| Companies | Portions |
|---|---|
| RBL Bank | 4.61% |
| City Union Bank Ltd. | 3.45% |
| Apollo Hospitals Enterprise Ltd. | 3.27% |
| Aditya Birla Fashion & Retail Ltd. | 3.20% |
| Mahindra & Mahindra Financial Services Ltd. | 3.05% |
| Cholamandalam Investment & Finance Company Ltd. | 3.05% |
| Axis Bank Ltd. | 3.04% |
| Exide Industries Ltd. | 3.04% |
| Whirlpool of India Ltd. | 3.01% |
| Sanofi India Ltd. | 2.92% |
Fund Managers of Invesco India Mid Cap Fund
This fund is in the guard of 2 excellent fund managers. Mr. Neelesh Dhamnaskar and Mr. Pranav Gokhale. They both have been associated with this scheme for 9-10 years. Both having a total experience of over 15-years, equity research and financial services domain.
The team focuses on individual entities to optimize results and diversify accordingly. Selecting companies with the potential of high growth over medium-term (3-4 years).
Entry & Exit Load
Entry Load is Nil for this Invesco India Mid cap Fund.
Exit Load: Nil
- If up to 10% of Units allotted are redeemed or switched out within 1 year from the date of investment.
- If the units are redeemed or switched out after 1 year from the date of investment.
Exit Load: 1%
- 1% – For any redemption /switch out of more than 10% of units allotted within 1 year from the date of investment.
Taxation of Invesco India Mid Cap Fund
If sold after 1 year of the purchase date, Long Term Capital Gain (LTCG) Tax will be applicable. If your total long term capital gain exceeds 1 lakh, in that case, you will be liable to pay the tax of 10% as per the current rate. No cess/surcharge is included. However, if you redeem or sell the units before 1 year from the investment date, Short Term Capital Gain Tax will be levied. The current tax rate is 15%. No cess/surcharge is included in the 15%.
Advantages
benefits of investing with Invesco India Mid Cap Fund: WealthBucket
- This Fund has been in the market for over 10-years. Implying that it has sailed through a few market fluctuations.
- The Sharpe Ratio and the Treynor Ratio show that this fund has lower risks than the category average. These ratios indicate how much risk was taken to generate the returns.
- Alpha Ratio, which indicates the ratio the fund generated additional returns compared to a benchmark. This is also on the positive side, i.e., higher than the benchmark.
- Returns exceed the average achieved by the benchmark.
- A low AUM implies that Invesco India Mid Cap Fund still has the potential for growth. That its performance is yet to be reaped fully.
- Has been given a 5-star ranking by CRISIL since 2012.
Disadvantages
Risks of investing in Invesco India Mid Cap Fund: WealthBucket
- A higher Standard Deviation and Beta Ratio, when compared to the benchmark, show highly volatile fund. Thereby, you must be willing to take the risk of the unpredictability of returns.
- The Expense Ratio is quite high. Even higher than the category average.
- It has a strong long-term track record but has been struggling for the past few years.
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