Invesco India PSU Equity Fund vs Kotak BSE PSU Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India PSU Equity Fund is a Thematic fund and Kotak BSE PSU Index Fund is an Index fund. In the year to 30-10-2026, Invesco India PSU Equity Fund (Direct) returned −9.4% and Kotak BSE PSU Index Fund (Direct) returned −5.8%. Invesco India PSU Equity Fund charges 1.23% a year and Kotak BSE PSU Index Fund 0.47% (Direct plans). Their portfolios overlap 38.6%: they hold 18 of the same securities.
Invesco India PSU Equity Fund
Thematic
- 1 year return
- −9.4%
- Expense ratio
- 1.23%
- NAV
- ₹71.51
Kotak BSE PSU Index Fund
Index
- 1 year return
- −5.8%
- Expense ratio
- 0.47%
- NAV
- ₹8.70
Which is better, Invesco India PSU Equity or Kotak BSE PSU Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak BSE PSU Index returned more over 1 year: −5.8% against −9.4%.
- Kotak BSE PSU Index costs less: 0.47% a year against 1.23% (Direct plans).
- Kotak BSE PSU Index fell less in its worst fall since 05-08-2024: −26.8% against −27.2%.
- Kotak BSE PSU Index holds more in large companies: 76.9% of the fund in large caps against 50.8%.
- Invesco India PSU Equity is the larger fund: ₹1,361 Cr against ₹76 Cr.
- Their portfolios overlap 38.6%: 18 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 PSU Equity Fund | Kotak BSE PSU Index Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹1,361 Cr (30-09-2026) | ₹76 Cr (30-09-2026) |
| NAV | ₹71.51 (Direct) | ₹8.70 (Direct) |
| Expense ratio (Direct) | 1.23% | 0.47% |
| Expense ratio (Regular) | 2.41% | 1.12% |
| Riskometer | Very High | Very High |
| Benchmark | BSE PSU TRI | BSE PSU TRI |
| Launch date | 18-11-2009 | 31-07-2024 |
| Minimum investment | Not available | ₹100 |
| Lock in | None | None |
| Fund managers | Hiten Jain, Sagar Gandhi | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Nil |
Invesco India PSU Equity vs Kotak BSE PSU Index: 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 PSU Equity Fund (Direct) | −3.83% | −7.59% | −11.28% | −9.40% | +17.36% | +18.62% | +15.26% |
| Kotak BSE PSU Index Fund (Direct) | −2.59% | −7.11% | −12.45% | −5.83% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Invesco India PSU Equity vs Kotak BSE PSU Index: Year-wise Returns
| Year | Invesco India PSU EquityInvesco India PSU Equity | Kotak BSE PSU IndexKotak BSE PSU Index | BSE PSU TRI |
|---|---|---|---|
| 2026to date | −9.44% | −6.53% | −6.20% |
| 2025 | +11.65% | +11.59% | +12.09% |
| 2024 | +27.29% | -- | +24.34% |
| 2023 | +56.64% | -- | +61.48% |
| 2022 | +22.23% | -- | +28.30% |
| 2021 | +32.94% | -- | +47.95% |
Invesco India PSU Equity vs Kotak BSE PSU Index: Rolling Returns
Every holding period of both funds, against BSE PSU TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 303 of them, one for each trading day from 05-08-2025 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 PSU Equity Fund (Direct)
Kotak BSE PSU Index Fund (Direct)
BSE PSU TRI
to
Sept 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 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 PSU Equity | 24.8 | 23.1 | 21.5 | 8.9 | 9.2 | 5.0 | 7.6 | 7.1% | 5.6% | −10.3% | 38.9% | 30% |
| Kotak BSE PSU Index | 24.4 | 10.2 | 20.8 | 20.5 | 7.3 | 7.3 | 9.6 | 8.9% | 8.4% | −14.4% | 42.0% | 0% |
| BSE PSU TRI | 23.4 | 10.2 | 20.1 | 21.5 | 5.9 | 8.9 | 9.9 | 9.4% | 8.9% | −14.0% | 42.6% | -- |
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 BSE PSU 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 05-08-2024. Past returns do not promise future returns.
Invesco India PSU Equity vs Kotak BSE PSU Index: 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 01-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India PSU EquityInvesco India PSU Equity Fund (Direct) | ₹2,70,000 | ₹2,57,674 | −₹12,326 | −4.0% |
| Kotak BSE PSU IndexKotak BSE PSU Index Fund (Direct) | ₹2,70,000 | ₹2,63,507 | −₹6,493 | −2.1% |
Invesco India PSU EquityInvesco India PSU Equity Fund (Direct)
Kotak BSE PSU IndexKotak BSE PSU Index 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 PSU Equity vs Kotak BSE PSU Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India PSU Equity Fund (Direct) | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.40% | −5.83% |
| Standard deviation | 17.84% | 16.20% |
| Sharpe ratio | -0.82 | -0.68 |
| Sortino ratio | -1.08 | -0.89 |
| Maximum drawdown | −14.8% (23-10-2026) | −16.4% (23-10-2026) |
| Beta | 1.05 | 1.00 |
| Alpha | −3.51% | −0.44% |
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 PSU Equity Fund (Direct) | Kotak BSE PSU Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.97% | −3.44% |
| Standard deviation | 19.33% | 18.50% |
| Sharpe ratio | 0.46 | -0.50 |
| Sortino ratio | 0.62 | -0.66 |
| Maximum drawdown | −33.4% (24-03-2020) | −26.8% (28-02-2025) |
| Beta | 0.85 | 1.00 |
| Alpha | +5.25% | −0.47% |
From daily NAVs, 02-01-2013 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 PSU Equity Fund (Direct)
Kotak BSE PSU Index Fund (Direct)
BSE PSU TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India PSU Equity Fund (Direct) | −27.2% | 03-09-2024 | 28-02-2025 | 03-11-2025 | 8 months | −13.6% |
| Kotak BSE PSU Index Fund (Direct) | −26.8% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −15.0% |
| BSE PSU TRI | −26.7% | 30-08-2024 | 28-02-2025 | 28-01-2026 | 11 months | −14.8% |
From daily values since 05-08-2024, 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 PSU Equity Fund (Direct)
Kotak BSE PSU Index Fund (Direct)
BSE PSU TRI
Against BSE PSU TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India PSU Equity Fund (Direct) | 98% | 99% | 4.84% |
| Kotak BSE PSU Index Fund (Direct) | 99% | 101% | 0.06% |
From month-end values since 05-08-2024. 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 PSU Equity vs Kotak BSE PSU Index: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India PSU Equity Fund, September 2026; Kotak BSE PSU Index Fund, September 2026
Holdings in common
- Overlap
- 38.6%
- Held by both
- 18
- Only in Invesco India PSU Equity
- 12
- Only in Kotak BSE PSU Index
- 43
| Security | % of Invesco India PSU Equity | % of Kotak BSE PSU Index |
|---|---|---|
| State Bank of India | 7.46% | 19.12% |
| Bharat Electronics Limited | 5.71% | 6.69% |
| Hindustan Aeronautics Limited | 8.96% | 4.18% |
| Bharat Petroleum Corporation Limited | 4.54% | 2.83% |
| Oil & Natural Gas Corporation Limited | 2.79% | 4.20% |
| NTPC Limited | 2.26% | 7.33% |
| GAIL (India) Limited | 2.83% | 2.20% |
| Bank of Baroda | 3.34% | 2.06% |
| Hindustan Petroleum Corporation Limited | 2.44% | 1.61% |
| National Aluminium Company Limited | 2.86% | 1.48% |
| Indian Bank | 5.93% | 1.35% |
| Coal India Limited | 1.24% | 4.89% |
| Mazagon Dock Shipbuilders Limited | 0.96% | 0.77% |
| Container Corporation of India Limited | 4.07% | 0.74% |
| Indian Railway Catering And Tourism Corporation Limited | 2.47% | 0.66% |
| Bharat Dynamics Limited | 3.85% | 0.49% |
| NTPC Green Energy Limited | 2.53% | 0.41% |
| BEML Limited | 3.91% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.6% means 38.6% 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 PSU Equity Fund
| Security | % of fund |
|---|---|
| Dredging Corporation of India Limited | 5.82% |
| SBI Life Insurance Company Limited | 3.94% |
| Honeywell Automation India Limited | 3.70% |
| Schneider Electric Infrastructure Limited | 2.57% |
| Foseco India Limited | 2.30% |
Largest holdings only in Kotak BSE PSU Index Fund
| Security | % of fund |
|---|---|
| Power Grid Corporation of India Ltd. | 5.69% |
| Bharat Heavy Electricals Ltd. | 2.91% |
| Life Insurance Corporation Of India | 2.63% |
| INDIAN OIL CORPORATION LTD. | 2.36% |
| Power Finance Corporation Ltd. | 2.27% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India PSU Equity | Kotak BSE PSU Index |
|---|---|---|
| Equity | 97.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.9% | 0.0% |
Market cap of stocks
| Market cap | Invesco India PSU Equity | Kotak BSE PSU Index |
|---|---|---|
| Large Cap | 50.8% | 76.9% |
| Mid Cap | 20.2% | 18.5% |
| Small Cap | 23.9% | 4.5% |
| Not on AMFI's list | 2.3% | 0.1% |
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 PSU Equity | Kotak BSE PSU Index |
|---|---|---|
| Banks | 16.7% | 30.3% |
| Aerospace & Defense | 18.5% | 0.0% |
| Power | 4.8% | 15.4% |
| Aerospace and Defense | 0.0% | 11.7% |
| Industrial Manufacturing | 7.3% | 1.3% |
| Petroleum Products | 7.0% | 7.3% |
| Finance | 1.0% | 5.9% |
| Engineering Services | 5.8% | 0.0% |
| Oil | 2.8% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India PSU Equity vs Kotak BSE PSU Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India PSU Equity Fund | Kotak BSE PSU Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 0.47% |
| Base expense ratio (Direct) | 0.83% | 0.33% |
| Total expense ratio (Regular) | 2.41% | 1.12% |
| Base expense ratio (Regular) | 1.85% | 0.88% |
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 PSU Equity with
Invesco India PSU Equity Fund vs Kotak BSE PSU Index Fund: Frequently Asked Questions
What is the difference between Invesco India PSU Equity Fund and Kotak BSE PSU Index Fund?
Invesco India PSU Equity Fund is a Thematic fund, Kotak BSE PSU Index Fund is an Index fund, run by Invesco Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 38.6%. Invesco India PSU Equity Fund charges 1.23% a year and Kotak BSE PSU Index Fund 0.47%.
Which has given higher returns, Invesco India PSU Equity Fund or Kotak BSE PSU Index Fund?
Over 1 year: Invesco India PSU Equity Fund −9.40%, Kotak BSE PSU Index Fund −5.83%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India PSU Equity Fund or Kotak BSE PSU Index Fund?
Kotak BSE PSU Index Fund charges less: 0.47% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India PSU Equity Fund and Kotak BSE PSU Index Fund overlap?
38.6%. They hold 18 of the same securities, the largest shared ones being SBIN, BEL, HAL. From each fund's latest monthly portfolio.
Which is riskier, Invesco India PSU Equity Fund or Kotak BSE PSU Index Fund?
On SEBI's riskometer, Invesco India PSU Equity Fund is rated Very High and Kotak BSE PSU Index Fund Very High. Over 1 years, the standard deviation of daily returns was 17.84% and 16.20% a year.
Can I invest in both Invesco India PSU Equity Fund and Kotak BSE PSU Index Fund?
Yes. 38.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India PSU Equity Fund and Kotak BSE PSU Index Fund?
Invesco India PSU Equity Fund: Hiten Jain, Sagar Gandhi. Kotak BSE PSU Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.