Invesco India Equity Savings Fund vs Kotak Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Equity Savings Fund and Kotak Equity Savings Fund are both Equity Savings funds. In the 3 years to 30-10-2026, Invesco India Equity Savings Fund (Direct) returned 8.5% a year and Kotak Equity Savings Fund (Direct) returned 9.4% a year. Invesco India Equity Savings Fund charges 1.51% a year and Kotak Equity Savings Fund 1.09% (Direct plans). Their portfolios overlap 18.7%: they hold 24 of the same securities.
Invesco India Equity Savings Fund
Equity Savings
- 3 year return
- 8.5%
- Expense ratio
- 1.51%
- NAV
- ₹18.77
Kotak Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Which is better, Invesco India Equity Savings or Kotak Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Equity Savings returned more over 5 years: 9.1% a year against 7.2%.
- Kotak Equity Savings returned more over 3 years: 9.4% a year against 8.5%.
- Kotak Equity Savings costs less: 1.09% a year against 1.51% (Direct plans).
- Invesco India Equity Savings swung less over 3 years: a standard deviation of 5.3% a year against 5.7%.
- Invesco India Equity Savings fell less in its worst fall since 08-03-2019: −13.6% against −16.5%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹268 Cr.
- Their portfolios overlap 18.7%: 24 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Invesco India Equity Savings Fund | Kotak Equity Savings Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹268 Cr (30-09-2026) | ₹10,443 Cr (30-09-2026) |
| NAV | ₹18.77 (Direct) | ₹29.94 (Direct) |
| Expense ratio (Direct) | 1.51% | 1.09% |
| Expense ratio (Regular) | 2.97% | 2.13% |
| Riskometer | Moderate | Moderately High |
| Benchmark | Nifty Equity Savings Index | NIFTY Equity Savings Index (TRI) |
| Launch date | 07-03-2019 | 13-10-2014 |
| Minimum investment | Not available | ₹100 |
| Lock in | None | None |
| Fund managers | Krishna Cheemalapati, Deepak Gupta, Amey Sathe | Devender Singhal, Abhishek Bisen, Hiten Shah |
| Exit load | Exit load of 0.25% if redeemed within 1 month. | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. |
Invesco India Equity Savings vs Kotak Equity Savings: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Invesco India Equity Savings Fund (Direct) | +0.16% | −0.83% | +2.49% | −1.47% | +8.51% | +7.22% | -- |
| Kotak Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Invesco India Equity Savings vs Kotak Equity Savings: Year-wise Returns
| Year | Invesco IndiaInvesco India Equity Savings | KotakKotak Equity Savings |
|---|---|---|
| 2026to date | −0.44% | −0.57% |
| 2025 | +1.97% | +9.12% |
| 2024 | +18.39% | +12.97% |
| 2023 | +17.28% | +16.89% |
| 2022 | +0.11% | +7.90% |
| 2021 | +12.22% | +12.17% |
Invesco India Equity Savings vs Kotak Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,144 of them, one for each trading day from 08-03-2022 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Invesco India Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
to
Jul 2022May 2020
to
May 2023Feb 2021
to
Feb 2024Dec 2021
to
Dec 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Equity Savings | 0.0 | 0.0 | 50.1 | 49.9 | 0.0 | 0.0 | 0.0 | 10.2% | 10.0% | 6.4% | 14.8% |
| Kotak Equity Savings | 0.0 | 0.0 | 5.9 | 93.7 | 0.4 | 0.0 | 0.0 | 12.0% | 12.2% | 8.9% | 16.7% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 08-03-2019. Past returns do not promise future returns.
Invesco India Equity Savings vs Kotak Equity Savings: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 08-03-2019 to 30-10-2026: 92 instalments, ₹9,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Equity SavingsInvesco India Equity Savings Fund (Direct) | ₹9,20,000 | ₹12,56,601 | ₹3,36,601 | 8.0% |
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹9,20,000 | ₹13,40,045 | ₹4,20,045 | 9.6% |
Invesco India Equity SavingsInvesco India Equity Savings Fund (Direct)
Kotak Equity SavingsKotak Equity Savings Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Invesco India Equity Savings vs Kotak Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Equity Savings Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.47% | +0.58% |
| Standard deviation | 5.10% | 5.72% |
| Sharpe ratio | -1.32 | -0.81 |
| Sortino ratio | -1.78 | -1.05 |
| Maximum drawdown | −6.6% (30-03-2026) | −5.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Equity Savings Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.51% | +9.45% |
| Standard deviation | 5.30% | 5.66% |
| Sharpe ratio | 0.47 | 0.60 |
| Sortino ratio | 0.65 | 0.82 |
| Maximum drawdown | −6.8% (30-03-2026) | −6.0% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Equity Savings Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.22% | +9.14% |
| Standard deviation | 5.33% | 5.15% |
| Sharpe ratio | 0.27 | 0.65 |
| Sortino ratio | 0.36 | 0.88 |
| Maximum drawdown | −8.0% (17-06-2022) | −6.0% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India Equity Savings Fund (Direct) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.59% | +9.53% |
| Standard deviation | 6.04% | 5.60% |
| Sharpe ratio | 0.56 | 0.68 |
| Sortino ratio | 0.76 | 0.92 |
| Maximum drawdown | −13.6% (23-03-2020) | −16.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-03-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Invesco India Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Equity Savings Fund (Direct) | −13.6% | 19-02-2020 | 23-03-2020 | 23-07-2020 | 4 months | −1.8% |
| Kotak Equity Savings Fund (Direct) | −16.5% | 19-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −3.0% |
From daily values since 08-03-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Equity Savings Fund (Direct)
Kotak Equity Savings Fund (Direct)
Invesco India Equity Savings vs Kotak Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Equity Savings Fund, September 2026; Kotak Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 18.7%
- Held by both
- 24
- Only in Invesco India Equity Savings
- 29
- Only in Kotak Equity Savings
- 136
| Security | % of Invesco India Equity Savings | % of Kotak Equity Savings |
|---|---|---|
| HDFC Bank Limited | 7.47% | 4.38% |
| ICICI Bank Limited | 3.72% | 2.19% |
| Reliance Industries Limited | 5.29% | 2.02% |
| Bharti Airtel Limited | 1.62% | 4.93% |
| State Bank of India | 1.61% | 2.77% |
| Axis Bank Limited | 7.20% | 1.26% |
| Hindustan Unilever Limited | 2.37% | 1.25% |
| Maruti Suzuki India Limited | 0.58% | 2.94% |
| Indus Towers Limited | 0.57% | 3.38% |
| Ambuja Cements Limited | 1.67% | 0.56% |
| Sun Pharmaceutical Industries Limited | 0.71% | 0.53% |
| IndusInd Bank Limited | 0.49% | 1.42% |
| Bajaj Finance Ltd | 0.40% | 0.63% |
| Bank of Baroda | 0.33% | 1.21% |
| SBI Life Insurance Company Limited | 0.32% | 0.20% |
| United Spirits Limited | 4.10% | 0.15% |
| UltraTech Cement Limited | 1.23% | 0.15% |
| Apollo Hospitals Enterprise Limited | 0.15% | 0.20% |
| The Phoenix Mills Limited | 0.61% | 0.12% |
| The Indian Hotels Company Limited | 0.33% | 0.05% |
| Shriram Finance Limited | 0.97% | 0.02% |
| Jio Financial Services Limited | 0.17% | 0.02% |
| Power Grid Corporation of India Limited | 0.85% | 0.01% |
| Pidilite Industries Limited | 0.05% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.7% means 18.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Invesco India Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd | 6.30% |
| 7.49% Small Industries Dev Bank of India 2029 | 5.54% |
| Invesco India Liquid Fund - Direct Plan - Growth | 4.74% |
| 6.94% Government of India 2036 | 4.03% |
| Infosys Limited | 2.62% |
Largest holdings only in Kotak Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| One 97 Communications Ltd | 3.60% |
| Adani Ports and Special Economic Zone Limited | 2.47% |
| Radico Khaitan Ltd. | 2.37% |
| NTPC LTD | 2.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Equity Savings | Kotak Equity Savings |
|---|---|---|
| Equity | 65.9% | 64.3% |
| Debt | 17.3% | 16.4% |
| Cash and others | 16.8% | 19.3% |
Market cap of stocks
| Market cap | Invesco India Equity Savings | Kotak Equity Savings |
|---|---|---|
| Large Cap | 50.6% | 42.8% |
| Mid Cap | 9.4% | 17.0% |
| Small Cap | 5.9% | 3.9% |
| Not on AMFI's list | 0.0% | 0.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Invesco India Equity Savings | Kotak Equity Savings |
|---|---|---|
| Banks | 29.1% | 13.3% |
| Telecom - Services | 2.2% | 8.9% |
| Automobiles | 2.5% | 5.8% |
| Petroleum Products | 5.3% | 2.0% |
| Beverages | 4.1% | 2.5% |
| Finance | 2.4% | 4.0% |
| Financial Technology (Fintech) | 0.0% | 3.6% |
| Power | 0.8% | 3.5% |
| Cement & Cement Products | 2.9% | 0.0% |
| IT - Software | 2.6% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Equity Savings vs Kotak Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Equity Savings Fund | Kotak Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.51% | 1.09% |
| Base expense ratio (Direct) | 0.79% | 0.57% |
| Total expense ratio (Regular) | 2.97% | 2.13% |
| Base expense ratio (Regular) | 2.06% | 1.45% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Invesco India Equity Savings with
Invesco India Equity Savings Fund vs Kotak Equity Savings Fund: Frequently Asked Questions
What is the difference between Invesco India Equity Savings Fund and Kotak Equity Savings Fund?
Both are Equity Savings funds, run by Invesco Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 18.7%. Invesco India Equity Savings Fund charges 1.51% a year and Kotak Equity Savings Fund 1.09%.
Which has given higher returns, Invesco India Equity Savings Fund or Kotak Equity Savings Fund?
Over 1 year: Invesco India Equity Savings Fund −1.47%, Kotak Equity Savings Fund +0.58%. Over 3 years: Invesco India Equity Savings Fund +8.51% a year, Kotak Equity Savings Fund +9.45% a year. Over 5 years: Invesco India Equity Savings Fund +7.22% a year, Kotak Equity Savings Fund +9.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Equity Savings Fund or Kotak Equity Savings Fund?
Kotak Equity Savings Fund charges less: 1.09% a year against 1.51%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Equity Savings Fund and Kotak Equity Savings Fund overlap?
18.7%. They hold 24 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Equity Savings Fund or Kotak Equity Savings Fund?
On SEBI's riskometer, Invesco India Equity Savings Fund is rated Moderate and Kotak Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 5.30% and 5.66% a year.
Which is better for SIP, Invesco India Equity Savings Fund or Kotak Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,29,112 in Invesco India Equity Savings Fund (XIRR 7.0% a year) and ₹7,54,250 in Kotak Equity Savings Fund (XIRR 8.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Equity Savings Fund and Kotak Equity Savings Fund?
Yes. 18.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Equity Savings Fund and Kotak Equity Savings Fund?
Invesco India Equity Savings Fund: Krishna Cheemalapati, Deepak Gupta, Amey Sathe. Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.