July 29, 2022
mayank
Invesco India Multicap Fund Guidance, Unimpressive performance
NAV Growth : Rs 75.4100
NAV IDCW : Rs 68.2600
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This fund is mandated to invest at least 25 per cent of its money each in stocks of large, medium and small-sized companies. Such funds can be fairly volatile since at least 50% of their assets will always be invested in mid and small cap stocks which generally experience more severe ups and downs. This makes them suitable for long-term investors who don’t mind higher risk, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The fund seeks to generate long-term capital appreciation by investing in equity and equity-related securities of large, mid and small companies. The fund utilizes a bottom up investment approach to select stocks across the market capitalization range.
Fund Manager :
— Amit Nigam
Education : Mr. Nigam is BE from IIT, Roorkee and PGDBM from IIM, Indore.
Experience : Prior to joining Invesco Mutual Fund, he has worked with Essel Finance AMC Ltd., BNP Paribas Asset Management India Pvt. Ltd.
— Pranav Gokhale
Education : Mr. Gokhale is a Chartered Accountant & holds M.Com degree.
Experience : Prior to joining Invesco Mutual Fund, he has worked with IL&FS, ICICI Direct, Rosy Blue Securities Pvt. Ltd., and International Ship Repair LLC Fujairiah.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House: | Invesco Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 16.41% |
| Benchmark: | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 1,861 Cr |
| (As on 31-May-2022) | |
| Expense: | 0.80% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | 42.00% |
Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Invesco India Multicap Direct-G | -18.16 | -0.97 | -3.07 | -6.07 | -12.28 | -13.18 | -4.84 | 13.77 | 9.63 | 11.06 | — |
| S&P BSE 500 TRI | -12.41 | -0.67 | -5.59 | -6.34 | -11.04 | -10.45 | -1.87 | 12.53 | 10.66 | 11.49 | — |
| Equity: Multi Cap | -14.08 | -1.03 | -3.73 | -6.71 | -11.42 | -9.64 | -0.62 | — | — | — | — |
| Rank within category | 13 | 9 | 3 | 8 | 9 | 12 | 8 | — | — | — | — |
| Number of funds in category | 13 | 14 | 14 | 14 | 14 | 12 | 9 | 0 | 0 | 0 | 0 |
Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Multicap Fund | Unrated | Jan-13 | –4.84 | 13.77 | 9.63 | 0.80% | 1,861 |
| Nippon India Multi Cap Fund | Unrated | Jan-13 | 8.5 | 10.85 | 10.05 | 1.39% | 11,639 |
| SBI Multicap Fund | Unrated | Mar-22 | — | — | — | 0.58% | 9,871 |
| ICICI Prudential Multicap Fund | Unrated | Jan-13 | -0.89 | 10.24 | 9.68 | 1.05% | 6,320 |
| Axis Multicap Fund | Unrated | Dec-21 | — | — | — | 0.28% | 5,038 |
Portfolio Analysis
| Number of Stocks | 56 |
| Top 10 Stocks (%) | 33.85 |
| Top 5 Stocks (%) | 21.92 |
| Top 3 Sectors (%) | 44.2 |
| Portfolio P/B Ratio | 3.49 |
| Portfolio P/E Ratio | 26.03 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 47,123 | 55,989 |
| Giant (%) | 25.75 | 33.38 |
| Large (%) | 18.76 | 13.87 |
| Mid (%) | 36.83 | 35.9 |
| Small (%) | 18.66 | 16.75 |
| Tiny (%) | — | 0.76 |
Chanakya’s Mutual Fund Guidance :
The performance of this Scheme of Invesco Mutual Fund not so impressive. The Scheme has not provided satisfactory returns. Consider last one year return. As compared to benchmark return of (-) 1.95 % during last one year, the scheme has shown (-)4.84% return.Even during the period of last 5 years, compared to benchmark return of 10.45%, the scheme has earned return of 9.63.
Alternative Investment : We suggest redemption of this fund and shifting the investment to Nippon India Multicap fund which has earned strong returns of 8.50% even during last one year fo turbulance.
Do not invest in this, or any other multi-cap fund, if you need to redeem your investment in less than five years.
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