Invesco India Small Cap Fund
Invesco Mutual Fund · Small Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
52.2200
1-day change
-0.85%
1Y return
14.0%
3Y CAGR
21.6%
5Y CAGR
19.2%
Max drawdown, 5Y
−23.4%
NAV history month-end NAV, ₹ · 2 Nov 2018 to 1 Oct 2026
Returns vs Small Cap median (35 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.1% | -3.6% |
| 3 months | -0.5% | 1.3% |
| 6 months | 23.9% | 23.9% |
| Year to date | 12.3% | 12.0% |
| 1 year | 14.0% | 11.6% |
| 3 years (CAGR) | 21.6% | 14.7% |
| 5 years (CAGR) | 19.2% | 15.4% |
| 7 years (CAGR) | 26.3% | 23.3% |
| 10 years (CAGR) | n/a | 17.1% |
| Since first NAV (CAGR) | 23.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 18.6% | 16.5% |
| 3Y rolling median | 28.4% | 21.7% |
| 3Y rolling worst | 19.1% | 0.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 94% | 68% |
| 5Y rolling median | 29.5% | 21.5% |
| 5Y rolling worst | 19.2% | 4.8% |
| 5Y periods ahead of benchmark | 100% | 92% |
Benchmark: Nifty Smallcap 250 (proxy: Motilal Oswal Nifty Smallcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 19.9% | 19.9% |
| Sharpe ratio | 0.74 | 0.49 |
| Sortino ratio | 1.15 | 0.77 |
| Beta | 0.87 | 0.86 |
| Alpha (ann.) | 8.4% | 2.9% |
| Upside capture | 104.55 | 87.14 |
| Downside capture | 81.39 | 82.75 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −37.7% | −32.4% |
| Maximum drawdown, last 10Y | n/a | −47.5% |
| Maximum drawdown, last 5Y | −23.4% | −24.1% |
| Current drawdown | −4.8% | −4.3% |
| Recovery time of worst fall | 245 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.84% a year and the Direct plan's 0.64%, a gap of 1.20%; over the last 3 years the Direct plan returned 1.64 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹28,43,317.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 0.63% to 0.64% (AMFI TER disclosure)
- 2 Sep 2026: TER increased from 0.62% to 0.63% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Taher Badshah | Primary | 30 Oct 2018 |
| Aditya Khemani | Co Fund Manager | 9 Nov 2023 |
Objective: To generate capital appreciation by investing predominantly in stocks of Small cap entities. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity Related Instruments of Small cap entities: Min. 65% Max. 100% Equity and Equity Related Instruments of companies other than Small cap entities: Min. 0% and Max. 35%. Money Market/ Other Liquid Instruments: Min. 0% and Max. 35%. Gold / Silver ETFs : Min. 0% and Max. 35%.Units issued by InvITs :Min. 0% and Max. 10%.Units #Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI.
Benchmark (tier 1): BSE 250 Smallcap TRI
Exit load: If upto 10% of Units allotted are redeemed / switched-out within 1 year from the date of allotment - Nil . For any redemption / switchout in excess of 10% of units allotted within one year from the date of allotment - 1%. If units are redeemed or switched-out after 1 year from the date of allotment - Nil .
Minimum application: ₹100
Allotment date: 30 Oct 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.64% | 0.90% |
| AUM, whole scheme (₹ crore) | 16,137 | 5,373 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 15.9% | 5.2% TRI |
| Return, 3 years (AMFI) | 21.9% | 12.3% TRI |
| Return, 5 years (AMFI) | 19.4% | 13.7% TRI |
| Month-ends above category median (3Y CAGR) | 61% | 51% median |
| Month-ends in category top quartile (3Y) | 42% | 27% median |
Official benchmark: BSE 250 Smallcap TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Small Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Smallcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 12.3% | 5.5% | +6.7% |
| 2025 | -1.6% | -5.6% | +4.1% |
| 2024 | 39.4% | 26.5% | +12.9% |
| 2023 | 46.1% | 48.3% | −2.2% |
| 2022 | 0.9% | -3.4% | +4.3% |
| 2021 | 65.0% | 61.2% | +3.8% |
| 2020 | 26.8% | 25.9% | +0.9% |
| 2019 | 5.6% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty Smallcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,31,546 | 18.3% |
| 3 years | ₹3,60,000 | ₹4,47,664 | 14.7% |
| 5 years | ₹6,00,000 | ₹9,92,969 | 20.2% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Invesco Mutual Fund
Category: Small Cap
Plan / option: Direct · Growth
AMFI scheme code: 145137
ISIN: INF205K013T3
First NAV in MFIC data: 2 Nov 2018
History: 7.9 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Axis Small Cap Fund | Small Cap | 0.97 | 14.7% |
| Motilal Oswal Small Cap Fund | Small Cap | 0.97 | n/a |
| JM Small Cap Fund | Small Cap | 0.97 | n/a |
| Invesco India Multi Cap Fund | Multi Cap | 0.97 | 11.7% |
| Invesco India Mid Cap Fund | Mid Cap | 0.96 | 21.9% |
| Edelweiss Small Cap Fund | Small Cap | 0.96 | 14.3% |
Questions about Invesco India Small Cap Fund
- What is the latest NAV of Invesco India Small Cap Fund?
- The NAV of the Direct plan (growth option) was ₹52.2200 on 1 Oct 2026, as published by AMFI.
- Which category is Invesco India Small Cap Fund in?
- It is classified as Small Cap in AMFI's daily NAV file; a Small Cap scheme invests at least 65% in small-cap stocks. MFIC compares it with 35 Small Cap schemes (Direct plans).
- What returns has Invesco India Small Cap Fund delivered?
- Over one year the NAV changed by 14.0%. The 3-year CAGR is 21.6% (category median 14.7%) and the 5-year CAGR is 19.2% (category median 15.4%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 28.4%, the lowest was 19.1%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Smallcap 250 (index-fund proxy) in 94% of those periods.
- What was the largest fall in Invesco India Small Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 37.7%; within the last five years it was 23.4% (category median 24.1%).
- How volatile is Invesco India Small Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 19.9%, which is above the Small Cap category median of 19.9%.
- What would a monthly SIP in Invesco India Small Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹9,92,969 on 1 Oct 2026, an annualised return (XIRR) of 20.2%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Invesco India Small Cap Fund?
- The total expense ratio of the Direct plan is 0.64% a year, as disclosed to AMFI (median of Small Cap Direct plans: 0.90%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Invesco India Small Cap Fund?
- Assets under management of the whole scheme were ₹16,137 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Invesco India Small Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Invesco India Small Cap Fund and how has it compared?
- Its official benchmark is the BSE 250 Smallcap TRI. Over 3 years AMFI reports a return of 21.9% for this plan against 12.3% for the benchmark total return index; over 5 years 19.4% against 13.7%. Past performance does not indicate future results.
- How often has Invesco India Small Cap Fund beaten its category?
- At 61% of the 59 month-ends compared over the last 10 years, its 3-year return was above the median of Small Cap schemes (Direct plans); it was in the top quarter at 42% of them. A typical scheme would show about 50%.
- Who manages Invesco India Small Cap Fund?
- According to its Scheme Summary Document, Invesco India Small Cap Fund is managed by Taher Badshah (since 30 Oct 2018), Aditya Khemani (since 9 Nov 2023).
- What is the exit load of Invesco India Small Cap Fund?
- As stated in its scheme documents: If upto 10% of Units allotted are redeemed / switched-out within 1 year from the date of allotment - Nil . For any redemption / switchout in excess of 10% of units allotted within one year from the date of allotment - 1%. If units are redeemed or switched-out after 1 year from the date of allotment - Nil . Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Invesco India Small Cap Fund?
- The minimum application amount is ₹100. SIP details: SIP-Daily:20; 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/Quarterly:500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 14.0% and the Regular plan's by 12.6%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.