Invesco India Manufacturing Fund vs SBI Automotive Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Manufacturing Fund is a Thematic fund and SBI Automotive Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Invesco India Manufacturing Fund (Direct) returned 11.0% and SBI Automotive Opportunities Fund (Direct) returned 17.4%. Invesco India Manufacturing Fund charges 1.15% a year and SBI Automotive Opportunities Fund 1.01% (Direct plans). Their portfolios overlap 32.8%: they hold 15 of the same securities.
Invesco India Manufacturing Fund
Thematic
- 1 year return
- 11.0%
- Expense ratio
- 1.15%
- NAV
- ₹11.62
SBI Automotive Opportunities Fund
Thematic
- 1 year return
- 17.4%
- Expense ratio
- 1.01%
- NAV
- ₹12.90
Which is better, Invesco India Manufacturing or SBI Automotive Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Automotive Opportunities returned more over 1 year: 17.4% against 11.0%.
- SBI Automotive Opportunities costs less: 1.01% a year against 1.15% (Direct plans).
- Invesco India Manufacturing fell less in its worst fall since 19-08-2024: −21.6% against −29.2%.
- SBI Automotive Opportunities is the larger fund: ₹6,071 Cr against ₹732 Cr.
- Their portfolios overlap 32.8%: 15 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 Manufacturing Fund | SBI Automotive Opportunities Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹732 Cr (30-09-2026) | ₹6,071 Cr (30-09-2026) |
| NAV | ₹11.62 (Direct) | ₹12.90 (Direct) |
| Expense ratio (Direct) | 1.15% | 1.01% |
| Expense ratio (Regular) | 2.57% | 2.00% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Manufacturing TRI | Nifty Auto TRI |
| Launch date | 13-08-2024 | 05-06-2024 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nikhil Kale | Tanmaya Desai |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 1%, if redeemed within 30 days. |
Invesco India Manufacturing vs SBI Automotive Opportunities: 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 Manufacturing Fund (Direct) | −2.68% | 0.00% | +10.67% | +10.98% | -- | -- | -- |
| SBI Automotive Opportunities Fund (Direct) | −3.39% | −0.28% | +11.80% | +17.36% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Invesco India Manufacturing vs SBI Automotive Opportunities: Year-wise Returns
| Year | Invesco India ManufacturingInvesco India Manufacturing | SBI Automotive OpportunitiesSBI Automotive Opportunities |
|---|---|---|
| 2026to date | +14.03% | +11.76% |
| 2025 | −4.59% | +22.14% |
Invesco India Manufacturing vs SBI Automotive Opportunities: Rolling Returns
Every holding period of both funds, against Nifty India Manufacturing TRI, the benchmark of Invesco India Manufacturing Fund
Rolling returns
Every 1-year holding period, 294 of them, one for each trading day from 19-08-2025 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 Manufacturing Fund (Direct)
SBI Automotive Opportunities Fund (Direct)
Nifty India Manufacturing TRI
to
Sept 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Manufacturing | 19.4 | 24.1 | 19.4 | 21.8 | 13.6 | 1.7 | 0.0 | 6.9% | 7.8% | −7.3% | 22.0% | 32% |
| SBI Automotive Opportunities | 10.0 | 4.0 | 2.0 | 8.4 | 16.4 | 21.4 | 37.8 | 20.6% | 21.9% | −6.6% | 42.7% | 92% |
| Nifty India Manufacturing TRI | 12.6 | 10.5 | 17.7 | 33.3 | 16.0 | 7.5 | 2.4 | 10.5% | 11.3% | −5.7% | 29.7% | -- |
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. The benchmark is Nifty India Manufacturing TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 19-08-2024. Past returns do not promise future returns.
Invesco India Manufacturing vs SBI Automotive Opportunities: 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 19-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India ManufacturingInvesco India Manufacturing Fund (Direct) | ₹2,70,000 | ₹3,03,846 | ₹33,846 | 10.5% |
| SBI Automotive OpportunitiesSBI Automotive Opportunities Fund (Direct) | ₹2,70,000 | ₹3,28,080 | ₹58,080 | 17.7% |
Invesco India ManufacturingInvesco India Manufacturing Fund (Direct)
SBI Automotive OpportunitiesSBI Automotive Opportunities 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 Manufacturing vs SBI Automotive Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Manufacturing Fund (Direct) | SBI Automotive Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.98% | +17.36% |
| Standard deviation | 17.29% | 19.22% |
| Sharpe ratio | 0.33 | 0.63 |
| Sortino ratio | 0.46 | 0.90 |
| Maximum drawdown | −11.6% (23-03-2026) | −13.5% (23-03-2026) |
| Beta | 1.03 | 0.85 |
| Alpha | +12.89% | +20.19% |
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 Manufacturing Fund (Direct) | SBI Automotive Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.74% | +9.54% |
| Standard deviation | 16.89% | 17.80% |
| Sharpe ratio | 0.06 | 0.21 |
| Sortino ratio | 0.08 | 0.30 |
| Maximum drawdown | −21.6% (28-02-2025) | −29.2% (07-04-2025) |
| Beta | 0.99 | 0.85 |
| Alpha | +5.70% | +7.49% |
From daily NAVs, 19-08-2024 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 Manufacturing Fund (Direct)
SBI Automotive Opportunities Fund (Direct)
Nifty India Manufacturing TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Manufacturing Fund (Direct) | −21.6% | 02-01-2025 | 28-02-2025 | 07-05-2026 | 14 months | −6.2% |
| SBI Automotive Opportunities Fund (Direct) | −29.2% | 27-09-2024 | 07-04-2025 | 01-12-2025 | 8 months | −8.7% |
| Nifty India Manufacturing TRI | −23.0% | 27-09-2024 | 07-04-2025 | 05-01-2026 | 9 months | −10.5% |
From daily values since 19-08-2024, 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 Manufacturing Fund (Direct)
SBI Automotive Opportunities Fund (Direct)
Nifty India Manufacturing TRI
Against Nifty India Manufacturing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Manufacturing Fund (Direct) | 111% | 85% | 9.12% |
| SBI Automotive Opportunities Fund (Direct) | 141% | 107% | 7.84% |
From month-end values since 19-08-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Invesco India Manufacturing vs SBI Automotive Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Manufacturing Fund, September 2026; SBI Automotive Opportunities Fund, September 2026
Holdings in common
- Overlap
- 32.8%
- Held by both
- 15
- Only in Invesco India Manufacturing
- 30
- Only in SBI Automotive Opportunities
- 21
| Security | % of Invesco India Manufacturing | % of SBI Automotive Opportunities |
|---|---|---|
| TVS Motor Company Limited | 3.56% | 4.87% |
| Dhoot Transmission Ltd | 3.50% | 3.43% |
| Eicher Motors Limited | 3.23% | 4.71% |
| Sedemac Mechatronics Limited | 4.01% | 3.11% |
| Gabriel India Limited | 2.86% | 2.92% |
| Mahindra & Mahindra Limited | 2.47% | 12.15% |
| Tata Motors Ltd | 2.34% | 3.75% |
| Craftsman Automation Limited | 2.87% | 2.23% |
| Tenneco Clean Air India Limited | 2.44% | 2.09% |
| Belrise Industries Ltd. | 2.54% | 1.98% |
| Samvardhana Motherson International Limited | 1.50% | 4.30% |
| SPR Auto Technologies Ltd | 2.14% | 1.25% |
| Timken India Limited | 1.25% | 1.81% |
| Ather Energy Limited | 0.78% | 3.00% |
| Bajaj Auto Limited | 2.57% | 0.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.8% means 32.8% 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 Manufacturing Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Limited | 3.85% |
| Indo-MIM Limited | 3.51% |
| Bansal Wire Industries Limited | 3.16% |
| Sai Life Sciences Limited | 2.92% |
| Aditya Infotech Limited | 2.55% |
Largest holdings only in SBI Automotive Opportunities Fund
| Security | % of fund |
|---|---|
| Sona Blw Precision Forgings Ltd. | 4.79% |
| Maruti Suzuki India Ltd. | 3.84% |
| Bharat Forge Ltd. | 3.81% |
| Sansera Engineering Ltd. | 3.59% |
| Bosch Ltd. | 3.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Manufacturing | SBI Automotive Opportunities |
|---|---|---|
| Equity | 93.1% | 97.0% |
| Debt | 0.0% | 0.1% |
| Cash and others | 6.9% | 2.9% |
Market cap of stocks
| Market cap | Invesco India Manufacturing | SBI Automotive Opportunities |
|---|---|---|
| Large Cap | 36.7% | 36.9% |
| Mid Cap | 7.8% | 19.4% |
| Small Cap | 40.1% | 37.4% |
| Not on AMFI's list | 8.4% | 3.4% |
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 Manufacturing | SBI Automotive Opportunities |
|---|---|---|
| Auto Components | 23.1% | 54.7% |
| Automobiles | 12.6% | 31.8% |
| Pharmaceuticals & Biotechnology | 14.0% | 0.0% |
| Industrial Products | 8.9% | 6.8% |
| Industrial Manufacturing | 7.4% | 0.0% |
| Consumer Durables | 6.7% | 0.0% |
| Agricultural, Commercial & Construction Vehicles | 2.3% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Manufacturing vs SBI Automotive Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Manufacturing Fund | SBI Automotive Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 1.01% |
| Base expense ratio (Direct) | 0.78% | 0.72% |
| Total expense ratio (Regular) | 2.57% | 2.00% |
| Base expense ratio (Regular) | 2.04% | 1.58% |
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 Manufacturing with
Compare SBI Automotive Opportunities with
Invesco India Manufacturing Fund vs SBI Automotive Opportunities Fund: Frequently Asked Questions
What is the difference between Invesco India Manufacturing Fund and SBI Automotive Opportunities Fund?
Invesco India Manufacturing Fund is a Thematic fund, SBI Automotive Opportunities Fund is a Thematic fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 32.8%. Invesco India Manufacturing Fund charges 1.15% a year and SBI Automotive Opportunities Fund 1.01%.
Which has given higher returns, Invesco India Manufacturing Fund or SBI Automotive Opportunities Fund?
Over 1 year: Invesco India Manufacturing Fund +10.98%, SBI Automotive Opportunities Fund +17.36%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Manufacturing Fund or SBI Automotive Opportunities Fund?
SBI Automotive Opportunities Fund charges less: 1.01% a year against 1.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Manufacturing Fund and SBI Automotive Opportunities Fund overlap?
32.8%. They hold 15 of the same securities, the largest shared ones being TVSMOTOR, DHOOTTRANS, EICHERMOT. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Manufacturing Fund or SBI Automotive Opportunities Fund?
On SEBI's riskometer, Invesco India Manufacturing Fund is rated Very High and SBI Automotive Opportunities Fund Very High. Over 1 years, the standard deviation of daily returns was 17.29% and 19.22% a year.
Can I invest in both Invesco India Manufacturing Fund and SBI Automotive Opportunities Fund?
Yes. 32.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Manufacturing Fund and SBI Automotive Opportunities Fund?
Invesco India Manufacturing Fund: Nikhil Kale. SBI Automotive Opportunities Fund: Tanmaya Desai.
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.