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4 star

Invesco India Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.59 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.81 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 21.31 1.48 1.95 -5.44 -1.99 7.21 25.70 16.60 17.76 14.86 --
S&P BSE Bankex TRI 18.48 1.61 2.13 -5.97 1.10 6.59 23.14 12.86 15.27 10.95 --
Equity: Sectoral-Banking 22.18 1.67 2.58 -5.38 0.17 7.18 26.60 15.07 15.26 12.19 --
Rank within category 7 14 15 8 15 8 6 4 3 1 --
Number of funds in category 14 15 15 15 15 14 13 12 11 8 0

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Financial Services Fund - Direct Plan  | Invest Online
4 star
Jan-13 25.70 16.60 17.76 1.24% 373
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 23.89 17.09 18.97 0.86% 3,106
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 25.14 17.93 18.51 0.85% 856
Sundaram Financial Services Opportunities Fund - Direct Plan
4 star
Jan-13 28.98 18.64 15.94 1.18% 485
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 32.81 14.64 15.42 1.19% 5,242

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.83 03-Sep-2013 - 10-Sep-2013 -24.80 16-Mar-2020 - 23-Mar-2020
Month 23.60 22-May-2020 - 23-Jun-2020 -41.95 20-Feb-2020 - 23-Mar-2020
Quarter 40.38 17-Feb-2014 - 19-May-2014 -41.66 23-Dec-2019 - 23-Mar-2020
Year 89.30 31-Jan-2014 - 02-Feb-2015 -33.36 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.11 27.99 0.51 0.57 0.82 3.95
S&P BSE Bankex TRI 16.37 33.21 0.38 0.46 -- --
Equity: Sectoral-Banking 17.42 30.67 0.45 0.51 0.91 2.24
Rank within category 5 2 4 5 2 4
Number of funds in category 12 12 12 12 12 12

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Stocks (%) 75.14
Top 5 Stocks (%) 59.92
Top 3 Sectors (%) 94.75
Portfolio P/B Ratio 2.90
Portfolio P/E Ratio 24.00

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,78,702 2,87,693
Giant (%) 64.81 74.70
Large (%) 15.67 10.32
Mid (%) 8.58 12.64
Small (%) 10.95 4.68
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.15 28.14 0.00 21.56
equal ICICI Bank Financial 24.64 16.88 0.00 16.88
equal Axis Bank Financial 21.37 9.90 0.00 8.18
equal State Bank of India Financial 15.31 7.02 0.00 7.02
equal Kotak Mahindra Bank Financial 38.17 11.51 0.00 6.28
equal UTI Asset Management Co. Financial 20.46 4.19 0.00 3.45
equal Angel One Financial 21.55 3.76 0.00 3.44
equal SBI Life Insurance Company Insurance 94.78 3.51 0.00 3.20
equal SBI Cards & Payments Services Financial 92.69 3.78 0.00 2.70
equal Equitas Holdings Financial 11.28 3.87 0.00 2.43
equal IIFL Wealth Management Financial 29.16 2.37 0.00 2.26
equal Indusind Bank Financial 18.68 8.52 0.00 1.91
equal Cholamandalam Investment & Finance Company Financial 29.25 3.18 0.00 1.88
equal ICICI Lombard General Insurance Company Insurance 56.44 3.27 0.00 1.77
equal ICICI Prudential Life Insurance Co. Ltd. Insurance 134.75 2.69 0.00 1.76
up DCB Bank Financial 9.84 2.13 0.00 1.75
equal Can Fin Homes Financial 16.76 3.25 0.00 1.55
equal RBL Bank Financial -- 3.46 0.00 1.32
equal Muthoot Finance Financial 15.04 4.00 0.00 1.27
equal Central Depository Services Financial 62.50 4.51 0.00 1.25
new Fino Payments Bank Financial 159.57 1.04 0.00 1.04
up Repco Home Finance Ltd. Financial 6.99 1.27 0.00 0.95
equal City Union Bank Financial 16.96 1.48 0.00 0.90

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Dhimant Kothari since 01-Jun-2018

Education: Mr. Kothari is a Chartered Accountant and holds a Commerce degree.

Experience: In his last assignment, he was working as Senior Manager – Research with Credit Analysis and Research Ltd., His other assignments include Lotus India Asset Management and CRISIL Ltd.

Interviews:

Funds Managed:

— Hiten Jain since 19-May-2020

Education: Mr. Jain has done BE, CFA and MBA (Finance)

Experience: Prior to joining Invesco India Mutual Fund, he has worked with CRISIL Limited and Dunia Finance LLC Dubai.


1.48%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 88.8700

IDCW: ₹ 45.8100


Investment Strategy

The scheme seeks to generate capital appreciation from a portfolio of Equity and Equity Related Instruments of companies engaged in the business of banking and financial services.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
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-2013
Return Since Launch: 15.61%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 373 Cr (As on 30-Nov-2021)
Expense: 1.24% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Above Average
Turnover: 17.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW14-Feb-20192.6562

 30-Nov-20153.2000
 03-May-20132.5000

Contact Information

AMC: Invesco Asset Management (India) Pvt. Ltd

Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013

Phone: 022-67310000 / 1800-209-0007

Fax: 022-23019422

Email: [email protected]

Website: http://www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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