Fundalysisby DARKHORSESTOCKS

Scheme

Invesco India Business Cycle Fund

Holds 35 companies worth ₹1,319 Cr in Sept 2026.

  • Fund house

    INVESCOThe fund house that runs this scheme.

  • AUM

    ₹1,371 CrInvesco India Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.7% on Aug 2026, ₹1,381 Cr.

  • Largest holding

    Kotak Mahindra Bank LimitedKotak Mahindra Bank Limited is 6.0% of this scheme's NAV.

  • Fund manager

    Aditya KhemaniRuns it since 27 Feb 2025, as the fund house dates it.

Overview(7 Sept 2026)

Fund managers1

  1. Aditya KhemaniFund manager · Feb 2025 · 20y · PGDM B.Com
  1. Amit GanatraFeb 2025 – Jan 2026

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
0.0225
Exit load
0.5% within 3 months
Started
27 Feb 2025
Minimum
₹100

Source.Its Scheme Summary Document as of 7 Sept 2026 at AMFI.

What changed(1 change)

Jan 2026

1 change
  1. Amit Ganatra left
    28 Janran it as co-manager from Feb 2025

Source.Its filings at NSE, since Mar 2025.

Fund managers over time(Feb 2025 – now)

  1. Aditya Khemani
  2. Amit Ganatra
MainCoSlice2026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Objective and risk(7 Sept 2026)

Objective

To generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in business cycles based theme.
Benchmark
Nifty 500 TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related instruments selected on the basis of business cycle
    Allowed80–100%
  2. Other equity and equity related instruments
    Allowed0–20%
  3. Money Market/ Other Liquid Instruments
    Allowed0–20%Holds4.0%
  4. Gold / Silver ETFs
    Allowed0–20%
  5. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.96.0% equity · 4.0% debt and cash

How to invest(7 Sept 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Systematic
SIP - Daily/Weekly/Monthly/Quarterly, SWP-Weekly/Monthly/Quarterly, Fixed STP - Daily/ Weekly/ Fortnightly/ Monthly/ Quarterly, Flex STP - Monthly/Quarterly, Appreciation STP- Monthly/Quarterly
Dates
SIP - Daily - Any date between 1st to 28th of a month, If received with dates between 29th to 31st of a month, SIP will commence from 1st of the subsequent month, Weekly - Monday to Friday of the week. In case the day is not specified or in case of ambiguity, Monday will be considered as default day of for the SIP installment ; Monthly - Any date except 29th, 30th or 31st of the month; SWP - First business day of the week in case of weekly frequency and on 3rd, 10th, 15th, 20th or 25th of each month /quarter; Fixed STP: Daily - Business Day for source scheme as well as target scheme, Weekly - Monday to Friday, Fortnightly - 1st and 16th of each month, Monthly / Quarterly - Any date choice except 29th, 30th & 31st; Flex / Appreciation STP- Any date except 29th, 30th and 31st
Minimum
SIP-Daily:100; Weekly:100; Monthly:100; Quarterly:1500, SWP-Weekly/Monthly:1000; Quarterly:1500, Fixed STP - Daily:500; Weekly/Fortnightly/Monthly:1000; Quarterly:1500. Flex STP- Monthly:1000; Quarterly:1500, Appreciation STP- Monthly:1000; Quarterly:1500, then sIP - 1, SWP - 1, STP - 1
Instalments
SIP - Daily - 60, Weekly -12,Monthly - 12 (where the amount of each installment is Rs. 500 or more but less than Rs. 1,000) or 6 (where t, Quarterly- 4; SWP - Weekly/Monthly-6, Quarterly-4;

Selling and switching

To redeem
₹100 or 0.001 units
Switch minimum
₹100 or 0.001 (for switch-outs) units
Switch multiples
0.01 (for switch-ins)

Scheme details(7 Sept 2026)

What it is

Category
Thematic Fund
Offer
6 Feb 2025 to 20 Feb 2025
Started
27 Feb 2025
Reopened
4 Mar 2025
Plans
Regular Plan- Growth, · Regular Plan-Payout of Income Distribution cum Capital Withdrawal option, · Regular Plan-Reinvestment of Income Distribution cum Capital Withdrawal option; · Direct Plan- Growth, · Direct Plan-Payout of Income Distribution cum Capital Withdrawal option, · Direct Plan-Reinvestment of Income Distribution cum Capital Withdrawal option
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled. Provisions for segregated portoflio enabled
Custodian
Deutsche Bank AG
Auditor
Deloitte Haskins & Sells LLP
Registrar
KFin Technologies Limited
SEBI code
INVM/O/E/THE/24/10/0048