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4 star

Invesco India Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.39 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 multi-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.

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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 -2.58 -2.61 -5.63 -0.16 17.01 28.23 1.34 4.82 15.75 17.79 12.56
S&P BSE Bankex TRI -4.33 -2.93 -6.79 -1.69 20.98 38.64 -2.58 3.61 14.76 16.85 11.94
Equity: Sectoral-Banking -2.49 -2.72 -6.70 0.12 22.65 34.16 -4.38 0.00 11.99 12.65 6.44
Rank within category 9 6 1 11 26 23 4 5 3 3 2
Number of funds in category 28 28 28 28 26 23 23 17 17 11 8

As on 27-Jan-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  | Invest Online
4 star
Jul-08 1.34 4.82 15.75 2.57 279
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 2.06 8.96 19.16 2.34 2,095
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 1.76 7.18 17.16 2.58 615
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -3.29 2.99 14.22 0.18 7,475
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -3.41 2.93 14.27 0.18 6,777

Best & Worst Performance

Best (Period) Worst (Period)
Week 23.42 (27-Oct-2008 - 04-Nov-2008) -24.79 (16-Mar-2020 - 23-Mar-2020)
Month 33.97 (28-Apr-2009 - 28-May-2009) -42.00 (20-Feb-2020 - 23-Mar-2020)
Quarter 89.67 (09-Mar-2009 - 10-Jun-2009) -41.81 (23-Dec-2019 - 23-Mar-2020)
Year 156.96 (09-Mar-2009 - 11-Mar-2010) -34.12 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.38 28.29 0.23 0.25 0.83 -0.56
S&P BSE Bankex TRI 13.44 33.46 0.26 0.30 -- --
Equity: Sectoral-Banking 7.70 33.23 0.11 0.10 0.95 -5.33
Rank within category 10 2 6 10 2 5
Number of funds in category 17 17 17 17 17 17

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

As on 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Stocks (%) 76.46
Top 5 Stocks (%) 63.00
Top 3 Sectors (%) 98.60
Portfolio P/B Ratio 2.71
Portfolio P/E Ratio 26.29

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,73,736 2,26,897
Giant (%) 70.10 75.74
Large (%) 11.81 8.90
Mid (%) 7.24 13.23
Small (%) 10.85 5.54
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
up HDFC Bank Financial 25.31 34.79 23.69 25.44
up ICICI Bank Financial 25.91 17.29 11.23 14.73
equal Kotak Mahindra Bank Financial 37.57 11.51 2.23 11.41
up Axis Bank Financial 54.52 9.90 0.00 8.52
equal SBI Cards & Payments Services Financial 102.13 3.78 0.00 2.90
up SBI Life Insurance Company Financial 60.64 3.50 0.00 2.82
equal State Bank of India Financial 10.48 4.77 0.00 2.77
equal Can Fin Homes Financial 14.35 3.25 0.00 2.74
equal ICICI Lombard General Insurance Company Financial 44.41 3.27 1.31 2.57
equal Muthoot Finance Financial 13.16 4.00 0.00 2.56
down Central Depository Services Financial 35.32 4.51 0.00 2.55
equal HDFC Financial 27.47 14.40 2.15 2.43
up UTI Asset Management Co. Financial 25.97 2.69 0.00 2.13
equal ICICI Prudential Life Insurance Co. Ltd. Financial 66.98 2.69 0.00 2.00
equal Equitas Holdings Financial 10.03 3.87 0.00 1.80
up DCB Bank Financial 10.36 1.80 0.00 1.80
equal Cholamandalam Invest. & Fin. Financial 25.93 4.89 0.80 1.67
equal Angel Broking Financial 36.46 1.95 0.00 1.64
equal M&M Financial Services Financial 14.25 2.48 0.00 1.43
equal City Union Bank Financial 30.20 2.19 0.00 1.36
up RBL Bank Financial 26.77 3.46 0.00 1.22
up Multi Commodity Exchange India Financial 33.39 2.20 0.48 1.06
equal HDFC Asset Management Company Financial 49.26 1.43 0.00 1.05

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-Dec-2020

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.

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.


-2.61%

Change from previous, NAV as on 27-Jan-2021

Growth: ₹ 63.5000

Dividend: ₹ 32.3800


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 (₹) --
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: 14-Jul-2008
Return Since Launch: 15.87%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 279 Cr (As on 31-Dec-2020)
Expense: 2.57% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 26.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-Feb-20192.6562

 30-Nov-20153.2000
 03-May-20132.5000
 29-Jan-20102.5000
 03-Jul-20090.7500

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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM