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Fincash » Invesco Ind Mid Cap Vs Invesco India Multicap Fund

Invesco India Mid Cap Fund Vs Invesco India Multicap Fund

Updated on December 5, 2019 , 159 views

Invesco India Mid Cap Fund and Invesco India Multicap Fund both the schemes are offered by the same Mutual Fund company. Also, these schemes are offered under the same category of Mid & Small-Cap domain of Equity Fund. mid cap funds in simple terms are the schemes whose accumulated pooled money is invested in equity and equity-related instruments of mid-cap companies. These schemes have a market capitalization of more than INR 500 Crores but less than INR 10,000 Crores. Mid-cap schemes are generally a good investment option in the long-term tenure. Mid-cap companies respond fast to the new innovations in the market by adapting them. Though Invesco India Mid Cap Fund andInvesco India Multicap Fund belong to the same category, nevertheless; numerous differences exist between them. So, let’s understand the differences between Invesco India Mid Cap Fund and Invesco India Multicap Fund through this article.

Invesco India Mid Cap Fund

Invesco India Mid Cap Fund is a part of Invesco Mutual Funds and its investment objective is to generate capital appreciation in the long-term by predominantly Investing in stocks of mid-cap companies. The scheme uses Nifty Midcap 100 Index as its base to build its portfolio. The risk-appetite of Invesco India Mid Cap Fund is moderately high. The fund managers of Invesco India Mid Cap Fund are Mr. Taher Badshah and Mr. Pranav Gokhale. As per the Asset Allocation objective of the scheme, it invests around 65-100% of its fund money in stocks of mid-cap companies. The remaining amount is invested in stocks of companies belonging to other market capitalization and debt and money market instruments. The scheme uses the bottom-up approach of stock selection. Piramal Enterprises Limited, IndusInd Bank Limited, United Breweries Limited, and Ajanta Pharma Limited are some of the holdings of Invesco India Mid Cap Fund’s portfolio as of March 31, 2018.

Invesco India Multicap Fund (Erstwhile Invesco India Mid N Small Cap Fund)

Invesco India Multicap Fund (earlier known as Invesco India Mid and small cap Fund) invests its corpus in stocks of companies across market capitalization. This scheme is known as Invesco India Multicap Fund. Invesco India Multicap Fund uses S&P BSE AllCap index as its benchmark to construct its portfolio. Some of the top holdings of this scheme of Invesco Mutual Fund as of March 31, 2018, include United Spirits Limited, MRF Limited, Coromandel International Limited, and IndusInd Bank Limited. Invesco’s this scheme is also managed by Mr. Taher Badshah and Mr. Pranav Gokhale. The risk-appetite of Invesco India Multicap Fund is also moderately high. As per the asset allocation of the scheme, it invests between 65-100% of its pooled money in equity and equity-related instruments.

Invesco India Mid Cap Fund Vs Invesco India Multicap Fund

Though both the schemes belong to the same category of Equity Funds and are offered by the same fund house, nevertheless; there are numerous differences between them. So, let us understand the differences between the schemes through this article.

Basics Section

Being the first section in the comparison, it includes parameters such as current NAV, Fincash Rating, and scheme category. With respect to Fincash Rating, it can be said that both the schemes are rated as 2-Star Schemes. Also with respect to the scheme category, it can be said that both the schemes are a part of Equity Mid & Small-Cap category. However, both the schemes differ marginally on account of NAV. The NAV of Invesco India Mid Cap Fund was approximately INR 49 and of Invesco India Multicap Fund was around INR 50 as on May 03, 2018. The comparison of the basics section is tabulated below as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Invesco India Mid Cap Fund
Growth
Fund Details
₹49.21 ↓ -0.28   (-0.57 %)
₹621 on 31 Oct 19
19 Apr 07
Equity
Mid Cap
38
Moderately High
2.57
0.24
0.89
6.33
Not Available
0-1 Years (1%),1 Years and above(NIL)
Invesco India Multicap Fund
Growth
Fund Details
₹48.11 ↓ -0.30   (-0.62 %)
₹945 on 31 Oct 19
17 Mar 08
Equity
Multi Cap
37
Moderately High
2.42
0.25
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This section compares the differences in the Compounded Annual Growth Rate or CAGR returns between both the schemes at different intervals. These intervals are 3 Month Return, 1 Year Return, 3 Year Return, and 5 Year Return. Based on the CAGR returns, it can be stated that in certain time intervals, Invesco India Mid Cap Fund has done well, while in others; Invesco India Multicap Fund has performed better. The summary of performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Invesco India Mid Cap Fund
Growth
Fund Details
1.8%
9.1%
1.4%
7.4%
10.9%
8.3%
13.4%
Invesco India Multicap Fund
Growth
Fund Details
2.1%
9%
2.5%
6.8%
9.3%
7.2%
14.3%

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Yearly Performance Section

It is the third section in the comparison of the schemes. This section analyzes the differences in the absolute returns generated by both the schemes for a particular year. The comparison of absolute returns also states that in certain years, Invesco India Mid Cap Fund leads the race while in others, Invesco India Multicap Fund leads the race. The table given below summarizes the comparison of yearly performance section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Invesco India Mid Cap Fund
Growth
Fund Details
-5.3%
44.3%
1.1%
6.4%
77%
Invesco India Multicap Fund
Growth
Fund Details
-12.5%
46.2%
0.7%
6.7%
72.1%

Other Details Section

Being the last section in the comparison, it includes parameters such as AUM, minimum lumpsum investment, minimum SIP investment, and exit load. The minimum SIP and lumpsum investment for both the schemes are same, that is, INR 500 and INR 5,000 respectively. Moreover, the exit load for both the schemes is also same. However, there is a considerable difference in the AUM of both the schemes. As of March 31, 2018, the AUM of Invesco India Mid Cap Fund was approximately INR 171 Crores while of Invesco India Multicap Fund was around INR 513 Crores. The table given below summarizes the comparison of other details section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Invesco India Mid Cap Fund
Growth
Fund Details
-5.3%
44.3%
1.1%
6.4%
77%
Invesco India Multicap Fund
Growth
Fund Details
-12.5%
46.2%
0.7%
6.7%
72.1%

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Invesco India Mid Cap Fund
Growth
Fund Details
DateValue
30 Nov 14₹10,000
30 Nov 15₹10,711
30 Nov 16₹11,484
30 Nov 17₹15,329
30 Nov 18₹14,668
30 Nov 19₹15,401
Growth of 10,000 investment over the years.
Invesco India Multicap Fund
Growth
Fund Details
DateValue
30 Nov 14₹10,000
30 Nov 15₹10,711
30 Nov 16₹11,405
30 Nov 17₹15,419
30 Nov 18₹13,987
30 Nov 19₹14,662

Detailed Portfolio Comparison

Asset Allocation
Invesco India Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.61%
Equity95.39%
Equity Sector Allocation
SectorValue
Financial Services19.02%
Consumer Cyclical13.9%
Industrials12.93%
Health Care12.72%
Basic Materials11.45%
Utility10.97%
Technology9.2%
Consumer Defensive3.21%
Communication Services2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
5%₹30 Cr
Whirlpool of India Ltd (Technology)
Equity, Since 31 Jan 19 | 500238
4%₹27 Cr123,201
↑ 995
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 17 | CHOLAFIN
4%₹25 Cr815,152
↑ 82,871
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIBANK
4%₹24 Cr513,674
↑ 39,959
City Union Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | CUB
4%₹23 Cr1,100,337
↑ 103,944
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Apr 18 | APOLLOHOSP
4%₹22 Cr151,198
↑ 25,022
Gujarat State Petronet Ltd (Utilities)
Equity, Since 30 Apr 18 | 532702
4%₹22 Cr1,068,111
↑ 105,081
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Dec 18 | 506395
4%₹22 Cr459,382
↑ 77,531
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 500043
3%₹21 Cr114,731
↑ 12,503
Indraprastha Gas Ltd (Utilities)
Equity, Since 31 Mar 18 | 532514
3%₹20 Cr504,145
↑ 56,437
Asset Allocation
Invesco India Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash4.47%
Equity95.53%
Equity Sector Allocation
SectorValue
Financial Services29.4%
Consumer Cyclical18.48%
Industrials10.35%
Health Care9.35%
Technology9.08%
Basic Materials6.11%
Consumer Defensive5.87%
Communication Services4.38%
Utility2.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK
9%₹82 Cr664,826
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
6%₹60 Cr1,291,716
Triparty Repo
CBLO/Reverse Repo | -
5%₹46 Cr
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
4%₹40 Cr584,850
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | 532215
3%₹31 Cr426,454
Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Dec 18 | TITAN
3%₹31 Cr233,187
Vinati Organics Ltd (Basic Materials)
Equity, Since 30 Sep 16 | 524200
3%₹28 Cr128,368
↓ -763
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 19 | BHARTIARTL
3%₹27 Cr725,292
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | 532432
3%₹25 Cr403,406
Aditya Birla Fashion and Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | ABFRL
3%₹24 Cr1,146,110
↑ 68,837

Therefore, on the basis of aforesaid sections, it can be concluded that both the schemes differ on a number of parameters. Resultantly, individuals should be careful before investing in any of the schemes. They should analyse the parameters of the scheme completely and check whether it matches their investment objective or not. If required, individuals can also take the opinion of a financial advisor. This will help them to attain their objectives on time and ensure that their investment is safe.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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