Invesco India Technology Fund vs LIC MF Technology Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Technology Fund is a Sectoral fund and LIC MF Technology Fund is a Thematic fund. Invesco India Technology Fund charges 1.01% a year and LIC MF Technology Fund 1.07% (Direct plans). Their portfolios overlap 48.4%: they hold 13 of the same securities.
Which is better, Invesco India Technology or LIC MF Technology? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Technology costs less: 1.01% a year against 1.07% (Direct plans).
- LIC MF Technology fell less in its worst fall since 19-03-2026: −6.8% against −8.3%.
- Invesco India Technology is the larger fund: ₹317 Cr against ₹90 Cr.
- Their portfolios overlap 48.4%: 13 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 Technology Fund | LIC MF Technology Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | LIC Mutual Fund |
| Category | Sectoral | Thematic |
| AUM | ₹317 Cr (30-09-2026) | ₹90 Cr (30-09-2026) |
| NAV | ₹10.22 (Direct) | ₹11.33 (Direct) |
| Expense ratio (Direct) | 1.01% | 1.07% |
| Expense ratio (Regular) | 2.49% | 2.81% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty IT TRI | BSE Teck TRI |
| Launch date | 24-09-2024 | 13-03-2026 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | None | None |
| Fund managers | Hiten Jain, Aditya Khemani | Sumit Bhatnagar, Siddharth Panjwani |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
Invesco India Technology vs LIC MF Technology: 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 Technology Fund (Direct) | +6.68% | +2.10% | +12.80% | +0.89% | -- | -- | -- |
| LIC MF Technology Fund (Direct) | +5.11% | +1.54% | +8.31% | -- | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 20 Sectoral funds and the 235 Thematic funds, same plan type.
Invesco India Technology vs LIC MF Technology: Year-wise Returns
| Year | Invesco IndiaInvesco India Technology | LIC MFLIC MF Technology |
|---|---|---|
| 2026to date | +1.29% | -- |
| 2025 | −4.54% | -- |
Invesco India Technology vs LIC MF Technology: Rolling Returns
Every holding period of both funds, against Nifty IT TRI, the benchmark of Invesco India Technology Fund
Invesco India Technology vs LIC MF Technology: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Technology Fund (Direct) | LIC MF Technology Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.00% | +22.17% |
| Standard deviation | 18.10% | 12.78% |
| Sharpe ratio | -0.26 | 1.32 |
| Sortino ratio | -0.36 | 1.95 |
| Maximum drawdown | −28.1% (07-04-2025) | −6.8% (30-09-2026) |
| Beta | 0.58 | 0.53 |
| Alpha | +3.96% | +9.83% |
From daily NAVs, 25-09-2024 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 Technology Fund (Direct)
LIC MF Technology Fund (Direct)
Nifty IT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Technology Fund (Direct) | −8.3% | 28-08-2026 | 30-09-2026 | Not yet | -- | −2.2% |
| LIC MF Technology Fund (Direct) | −6.8% | 28-08-2026 | 30-09-2026 | Not yet | -- | −2.1% |
| Nifty IT TRI | −18.6% | 16-04-2026 | 01-07-2026 | 03-08-2026 | 33 days | 0.0% |
From daily values since 19-03-2026, the first day every fund has.
Invesco India Technology vs LIC MF Technology: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Technology Fund, September 2026; LIC MF Technology Fund, September 2026
Holdings in common
- Overlap
- 48.4%
- Held by both
- 13
- Only in Invesco India Technology
- 15
- Only in LIC MF Technology
- 17
| Security | % of Invesco India Technology | % of LIC MF Technology |
|---|---|---|
| Infosys Limited | 8.84% | 7.38% |
| Persistent Systems Ltd | 7.05% | 6.48% |
| Eternal Limited | 6.05% | 5.51% |
| Bharti Airtel Limited | 5.32% | 9.04% |
| Tech Mahindra Limited | 7.71% | 5.10% |
| Multi Commodity Exchange of India Limited | 4.37% | 3.63% |
| Coforge Limited | 7.96% | 3.01% |
| MphasiS Limited | 3.48% | 2.87% |
| BSE Limited | 3.18% | 2.55% |
| FSN E-Commerce Ventures Limited | 4.01% | 2.23% |
| Affle 3i Limited | 1.75% | 2.36% |
| PB Fintech Limited | 1.64% | 1.30% |
| L&T Technology Services Limited | 1.68% | 1.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.4% means 48.4% 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 Technology Fund
| Security | % of fund |
|---|---|
| Meesho Ltd | 4.68% |
| Net web Technologies India Limited | 3.75% |
| Hexaware Technologies Limited | 3.21% |
| Indegene Limited | 3.03% |
| Sedemac Mechatronics Limited | 2.95% |
Largest holdings only in LIC MF Technology Fund
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 4.79% |
| Rategain Travel Technologies Ltd. | 3.98% |
| Tata Communications Ltd. | 3.63% |
| Delhivery Ltd. | 2.73% |
| Lenskart Solutions Ltd. | 2.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Technology | LIC MF Technology |
|---|---|---|
| Equity | 98.4% | 87.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.6% | 12.4% |
Market cap of stocks
| Market cap | Invesco India Technology | LIC MF Technology |
|---|---|---|
| Large Cap | 33.8% | 38.5% |
| Mid Cap | 39.8% | 35.2% |
| Small Cap | 24.8% | 13.5% |
| Not on AMFI's list | 0.0% | 0.4% |
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 Technology | LIC MF Technology |
|---|---|---|
| IT - Software | 42.6% | 33.6% |
| Retailing | 17.2% | 11.7% |
| Telecom - Services | 5.3% | 14.3% |
| Capital Markets | 7.5% | 6.6% |
| IT - Services | 7.2% | 3.6% |
| Electrical Equipment | 2.7% | 6.4% |
| Commercial Services & Supplies | 4.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Technology vs LIC MF Technology: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Technology Fund | LIC MF Technology Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 1.07% |
| Base expense ratio (Direct) | 0.79% | 0.62% |
| Total expense ratio (Regular) | 2.49% | 2.81% |
| Base expense ratio (Regular) | 2.10% | 2.10% |
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 Technology with
Invesco India Technology Fund vs LIC MF Technology Fund: Frequently Asked Questions
What is the difference between Invesco India Technology Fund and LIC MF Technology Fund?
Invesco India Technology Fund is a Sectoral fund, LIC MF Technology Fund is a Thematic fund, run by Invesco Mutual Fund and LIC Mutual Fund. Their portfolios overlap 48.4%. Invesco India Technology Fund charges 1.01% a year and LIC MF Technology Fund 1.07%.
Which has the lower expense ratio, Invesco India Technology Fund or LIC MF Technology Fund?
Invesco India Technology Fund charges less: 1.01% a year against 1.07%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Technology Fund and LIC MF Technology Fund overlap?
48.4%. They hold 13 of the same securities, the largest shared ones being INFY, PERSISTENT, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Technology Fund or LIC MF Technology Fund?
On SEBI's riskometer, Invesco India Technology Fund is rated Very High and LIC MF Technology Fund Very High. Over their common history, the standard deviation of daily returns was 18.10% and 12.78% a year.
Can I invest in both Invesco India Technology Fund and LIC MF Technology Fund?
Yes. 48.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Invesco India Technology Fund and LIC MF Technology Fund?
Invesco India Technology Fund: Hiten Jain, Aditya Khemani. LIC MF Technology Fund: Sumit Bhatnagar, Siddharth Panjwani.
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.