Fincash » Invesco Ind Mid Cap Vs Invesco India Multicap Fund
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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 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 (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.
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.
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 Basics NAV 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 ₹183.33 ↓ -0.04 (-0.02 %) ₹6,641 on 31 May 25 19 Apr 07 ☆☆ Equity Mid Cap 38 Moderately High 1.89 0.69 0 0 Not Available 0-1 Years (1%),1 Years and above(NIL) Invesco India Multicap Fund
Growth
Fund Details ₹132.92 ↑ 0.13 (0.10 %) ₹4,003 on 31 May 25 17 Mar 08 ☆☆ Equity Multi Cap 37 Moderately High 1.95 0.38 0.12 3.49 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Invesco India Mid Cap Fund
Growth
Fund Details 4.5% 19.4% 13.1% 16.5% 31.9% 31% 17.3% Invesco India Multicap Fund
Growth
Fund Details 1.2% 10.2% 3.4% 4.1% 23% 24.8% 16.1%
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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 Performance 2024 2023 2022 2021 2020 Invesco India Mid Cap Fund
Growth
Fund Details 43.1% 34.1% 0.5% 43.1% 24.4% Invesco India Multicap Fund
Growth
Fund Details 29.8% 31.8% -2.2% 40.7% 18.8%
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 Performance 2024 2023 2022 2021 2020 Invesco India Mid Cap Fund
Growth
Fund Details 43.1% 34.1% 0.5% 43.1% 24.4% Invesco India Multicap Fund
Growth
Fund Details 29.8% 31.8% -2.2% 40.7% 18.8%
Invesco India Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹16,589 30 Jun 22 ₹16,322 30 Jun 23 ₹21,366 30 Jun 24 ₹33,031 30 Jun 25 ₹38,743 Invesco India Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 20 ₹10,000 30 Jun 21 ₹16,833 30 Jun 22 ₹15,932 30 Jun 23 ₹19,991 30 Jun 24 ₹28,857 30 Jun 25 ₹31,267
Invesco India Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.89% Equity 99.11% Equity Sector Allocation
Sector Value Financial Services 27.03% Health Care 17.76% Consumer Cyclical 15.55% Industrials 11.63% Technology 9.53% Real Estate 7.96% Basic Materials 7.71% Communication Services 1.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity BSE Ltd (Financial Services)
Equity, Since 31 Dec 23 | BSE6% ₹406 Cr 1,519,233 L&T Finance Ltd (Financial Services)
Equity, Since 31 Dec 23 | LTF4% ₹289 Cr 16,854,973 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Nov 23 | PRESTIGE4% ₹278 Cr 1,893,617 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Nov 23 | MFSL4% ₹270 Cr 1,798,532
↑ 114,429 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | FEDERALBNK4% ₹258 Cr 12,745,942
↑ 239,160 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Dec 22 | MAXHEALTH4% ₹253 Cr 2,246,434 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | TRENT4% ₹249 Cr 441,151 JK Cement Ltd (Basic Materials)
Equity, Since 31 Oct 22 | JKCEMENT4% ₹237 Cr 431,234 Dixon Technologies (India) Ltd (Technology)
Equity, Since 28 Feb 22 | DIXON3% ₹228 Cr 155,335 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Jan 25 | HDFCAMC3% ₹210 Cr 439,084 Invesco India Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.45% Equity 97.55% Equity Sector Allocation
Sector Value Financial Services 19.64% Consumer Cyclical 15.47% Industrials 15.24% Basic Materials 11.53% Health Care 11.36% Technology 9.21% Consumer Defensive 8.55% Communication Services 2.61% Utility 2.16% Real Estate 1.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹218 Cr 1,508,652 Infosys Ltd (Technology)
Equity, Since 30 Jun 24 | INFY5% ₹206 Cr 1,320,399 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 25 | HDFCBANK4% ₹175 Cr 897,791 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 24 | TRENT4% ₹144 Cr 255,527 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | CHOLAFIN3% ₹110 Cr 688,893 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Apr 24 | 8901573% ₹105 Cr 746,084 Hitachi Energy India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 24 | POWERINDIA2% ₹99 Cr 51,185
↓ -20,325 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Jul 20 | BEL2% ₹84 Cr 2,179,981
↓ -287,576 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Sep 24 | VBL2% ₹81 Cr 1,701,656 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 May 23 | MCX2% ₹81 Cr 122,043
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.