Invesco India Manufacturing Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Invesco India Manufacturing Fund is a Thematic fund run by Invesco Mutual Fund. On 30-09-2026, it managed ₹732 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 11.0% and its Regular plan returned 9.3%. Its benchmark, Nifty India Manufacturing TRI, returned −1.7% over the same year.

NAV (Direct plan): ₹11.62; ▼ 1.02%30-10-2026
NAV (Regular plan): ₹11.23; ▼ 1.14%30-10-2026
Expense ratio: 1.15%Direct2.57%Regular; 1.15%; A year
Riskometer: Very High; Set by the fund house
1 year return: 11.0%Direct9.3%Regular; 11.0%; Total

Invesco India Manufacturing Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.62 (down 1.02% that day); Regular Plan Growth ₹11.23 (down 1.14% that day).

This fund (Direct plan)

₹11.62

Invesco India Manufacturing Fund Returns vs Nifty India Manufacturing TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−2.68%	0.00%	+10.67%	+10.98%	--	--	--
This fund (Regular)	−2.85%	−0.35%	+9.88%	+9.35%	--	--	--
Nifty India Manufacturing TRI	−3.56%	−7.50%	−3.61%	−1.70%	+17.16%	+14.36%	--
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	132/235	33/232	30/232	23/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Invesco India Manufacturing Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty India Manufacturing TRI
2026to date	+14.03%	+12.64%	−2.54%
2025	−4.59%	−6.03%	+12.28%

Invesco India Manufacturing Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 294 periods, one for each trading day from 19-08-2025 to 30-10-2026.

−10%0%10%20%30%

Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026

Invesco India Manufacturing Fund (Direct)Nifty India Manufacturing TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	294	7.8%	−7.3%	22.0%	19%	11.3%	32%
2 years	48	7.1%	4.5%	10.8%	0%	2.9%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty India Manufacturing TRI over the same days. Past returns do not promise future returns.

Invesco India Manufacturing Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Invesco India Manufacturing Fund (Direct)This fund	Nifty India Manufacturing TRI
Return (CAGR)	+10.98%	−1.70%
Standard deviation	17.29%	16.02%
Sharpe ratio	0.33	-0.43
Sortino ratio	0.46	-0.58
Maximum drawdown	−11.6% (23-03-2026)	−12.8% (23-10-2026)
Beta	1.03	1.00
Alpha	+12.89%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Invesco India Manufacturing Fund (Direct)This fund	Nifty India Manufacturing TRI
Return (CAGR)	+6.74%	+1.00%
Standard deviation	16.89%	15.89%
Sharpe ratio	0.06	-0.30
Sortino ratio	0.08	-0.40
Maximum drawdown	−21.6% (28-02-2025)	−23.0% (07-04-2025)
Beta	0.99	1.00
Alpha	+5.70%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−25%−20%−15%−10%−5%0%

20252026

Invesco India Manufacturing Fund (Direct)Nifty India Manufacturing TRI

	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%
Nifty India Manufacturing TRI	−23.0%	27-09-2024	07-04-2025	05-01-2026	9 months	−10.5%

From the Direct plan's daily NAV since 19-08-2024, adjusted for unit splits, and Nifty India Manufacturing TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Invesco India Manufacturing Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Invesco India Manufacturing Fund	23/215	732	1.15%	+10.98%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Invesco India Manufacturing Fund Expense Ratio and Costs

What each plan charges a year, in force from 08-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.78%	0.08%	0.00%	0.29%	1.15%	1.18%	109/235
Regular	2.04%	0.08%	0.00%	0.45%	2.57%	2.41%	152/235

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	9.35%	10.98%	1.63%	₹1,09,350	₹1,10,980

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Invesco India Manufacturing Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹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
Direct planInvesco India Manufacturing Fund (Direct)	₹2,70,000	₹3,03,846	₹33,846	10.5%
Regular planInvesco India Manufacturing Fund (Regular)	₹2,70,000	₹2,98,401	₹28,401	8.9%
Nifty India Manufacturing TRI	₹2,70,000	₹2,76,986	₹6,986	2.2%
Category averageCategory average, 235 Thematic funds	₹2,70,000	₹2,77,457	₹7,457	2.4%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planInvesco India Manufacturing Fund (Direct)Regular planInvesco India Manufacturing Fund (Regular)Nifty India Manufacturing TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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 Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.1%Equity

Asset	Fund	Category
Equity	93.1%	94.5%
Cash and others	6.9%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	36.7%	45.7%
Mid Cap	7.8%	19.6%
Small Cap	40.1%	24.1%
Not on AMFI's list	8.4%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Invesco India Manufacturing Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Auto Components23.1%
Pharmaceuticals & Biotechnology14.0%
Automobiles12.6%
Industrial Products8.9%
Industrial Manufacturing7.4%
Consumer Durables6.7%
Electrical Equipment4.4%
Cement & Cement Products4.3%
Aerospace & Defense4.2%
Chemicals & Petrochemicals2.5%

The ten largest of 13 sectors. The other 3 add up to 5.1%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Auto Components	17.4%	20.6%	23.1%	+5.7%
Pharmaceuticals & Biotechnology	14.2%	14.3%	14.0%	−0.2%
Automobiles	17.2%	16.0%	12.6%	−4.6%
Industrial Products	11.1%	10.1%	8.9%	−2.2%
Industrial Manufacturing	6.1%	6.0%	7.4%	+1.3%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Invesco India Manufacturing Fund Portfolio Holdings

As on 30-09-2026 · 45 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
Sedemac Mechatronics Limited	Auto Components	4.01%	0.0%
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	3.85%	0.0%
TVS Motor Company Limited	Automobiles	3.56%	0.0%
Indo-MIM Limited	Industrial Manufacturing	3.51%	0.0%
Dhoot Transmission Ltd	Auto Components	3.50%	0.0%
Eicher Motors Limited	Automobiles	3.23%	0.0%
Bansal Wire Industries Limited	Industrial Products	3.16%	−8.7%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	2.92%	0.0%
Craftsman Automation Limited	Auto Components	2.87%	0.0%
Gabriel India Limited	Auto Components	2.86%	0.0%
Bajaj Auto Limited	Automobiles	2.57%	0.0%
Aditya Infotech Limited	Industrial Manufacturing	2.55%	0.0%
Belrise Industries Ltd.	Auto Components	2.54%	0.0%
Mahindra & Mahindra Limited	Automobiles	2.47%	−49.2%
Hindustan Aeronautics Limited	Aerospace & Defense	2.46%	0.0%
Tenneco Clean Air India Limited	Auto Components	2.44%	0.0%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	2.39%	0.0%
Tata Motors Ltd	Agricultural, Commercial & Construction Vehicles	2.34%	−17.6%
Amber Enterprises India Limited	Consumer Durables	2.26%	0.0%
JK Cement Limited	Cement & Cement Products	2.25%	0.0%
SPR Auto Technologies Ltd	Auto Components	2.14%	+572.6%
Cipla Limited	Pharmaceuticals & Biotechnology	2.04%	−20.1%
Grasim Industries Limited	Cement & Cement Products	2.00%	−13.4%
ABB India Limited	Electrical Equipment	1.98%	0.0%
Grindwell Norton Limited	Industrial Products	1.79%	0.0%
Bharat Dynamics Limited	Aerospace & Defense	1.70%	0.0%
APL Apollo Tubes Limited	Industrial Products	1.69%	−12.8%
CG Power and Industrial Solutions Limited	Electrical Equipment	1.57%	0.0%
Foseco India Limited	Chemicals & Petrochemicals	1.56%	0.0%
Samvardhana Motherson International Limited	Auto Components	1.50%	0.0%
Torrent Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	1.49%	0.0%
Hindalco Industries Limited	Non - Ferrous Metals	1.42%	0.0%
Orient Cables (India) Limited	Telecom - Equipment & Accessories	1.37%	New
Honeywell Automation India Limited	Industrial Manufacturing	1.32%	0.0%
Innova Captab Limited	Pharmaceuticals & Biotechnology	1.27%	0.0%
CEAT Limited	Auto Components	1.27%	0.0%
Timken India Limited	Industrial Products	1.25%	0.0%
Blue Star Limited	Consumer Durables	1.25%	0.0%
PG Electroplast Limited	Consumer Durables	1.24%	0.0%
Polycab India Limited	Industrial Products	1.01%	0.0%
Shaily Engineering Plastics Limited	Consumer Durables	0.98%	0.0%
Aether Industries Limited	Chemicals & Petrochemicals	0.93%	0.0%
Dixon Technologies (India) Limited	Consumer Durables	0.92%	0.0%
Hitachi Energy India Limited	Electrical Equipment	0.86%	0.0%
Ather Energy Limited	Automobiles	0.78%	0.0%

Invesco India Manufacturing Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Mahindra & Mahindra Limited	Reduced	−49.2%	2.47%
Bansal Wire Industries Limited	Reduced	−8.7%	3.16%
Tata Motors Ltd	Reduced	−17.6%	2.34%
Cipla Limited	Reduced	−20.1%	2.04%
Grasim Industries Limited	Reduced	−13.4%	2.00%
Ashok Leyland Limited	Sold out	−100%	was 2.20%
SPR Auto Technologies Ltd	Added	+572.6%	2.14%
APL Apollo Tubes Limited	Reduced	−12.8%	1.69%
Orient Cables (India) Limited	New	New	1.37%
Escorts Kubota Limited	Sold out	−100%	was 0.94%
KEI Industries Limited	Sold out	−100%	was 0.85%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Invesco India Manufacturing Fund bought and sold

Invesco India Manufacturing Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
SBI Automotive Opportunities FundThematic · SBI	32.8%	15	Compare
Axis India Manufacturing FundThematic · Axis	32.5%	24	Compare
Mirae Asset Nifty India Manufacturing ETFETF · Mirae Asset	32.2%	20	Compare
Nippon India NIFTY India Manufacturing Index FundIndex · Nippon India	32.2%	20	Compare
UTI Nifty India Manufacturing Index FundIndex · UTI	32.2%	20	Compare
Nippon India NIFTY India Manufacturing ETFETF · Nippon India	32.1%	20	Compare
Navi Nifty India Manufacturing Index FundIndex · Navi	32.1%	20	Compare
Motilal Oswal Nifty India Manufacturing ETFETF · Motilal Oswal	32.1%	20	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Invesco India Manufacturing Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.15%
Expense ratio (Regular): 2.57%
Category: Thematic
Risk: Very High
Benchmark: Nifty India Manufacturing TRI
Launch date: 13-08-2024
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹732.20 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152756
ISIN (Direct): INF205KA1908
Scheme code (Regular): 152758
ISIN (Regular): INF205KA1874
NAV history: From 19-08-2024, 2.2 years

Exit load: Exit load of 0.50%, if redeemed within 3 months.

Tax on Invesco India Manufacturing Fund returns

Invesco India Manufacturing Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹11.62	30-10-2026
direct	IDCW	₹11.62	30-10-2026
regular	Growth	₹11.23	30-10-2026
regular	IDCW	₹11.24	30-10-2026

About Invesco India Manufacturing Fund

Invesco India Manufacturing Fund is a mutual fund from Invesco Mutual Fund. Its category is Thematic. It was launched on 13-08-2024. Its benchmark is Nifty India Manufacturing TRI. At the end of September 2026 it held 45 securities.

Fund Manager

Nikhil Kale
Fund manager of Invesco India Manufacturing Fund

See all funds of Invesco Mutual Fund

AUM change

September 2026: ₹732.20 Cr; −3.37% from August 2026
August 2026: ₹757.76 Cr; +5.35% from July 2026
July 2026: ₹719.26 Cr; +3.06% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Invesco India Manufacturing Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Invesco India Manufacturing vs Nippon India Taiwan EquityThematic
Invesco India Manufacturing vs HDFC DefenceThematic
Invesco India Manufacturing vs HDFC Pharma and HealthcareThematic
Invesco India Manufacturing vs SBI Healthcare OpportunitiesThematic
Invesco India Manufacturing vs Aditya Birla Sun Life International EquityThematic
Invesco India Manufacturing vs SBI Automotive Opportunities32.8% overlap
Invesco India Manufacturing vs Axis India Manufacturing32.5% overlap
Invesco India Manufacturing vs Mirae Asset Nifty India Manufacturing ETF32.2% overlap

Compare with any other fund

Frequently Asked Questions for Invesco India Manufacturing Fund

What is the current NAV of Invesco India Manufacturing Fund?

The Direct plan NAV is ₹11.62. The Regular plan NAV is ₹11.23, as on 30-10-2026.

What are the returns of Invesco India Manufacturing Fund?

The Direct plan returned +10.98% in 1 year. The Regular plan returned +9.35% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Invesco India Manufacturing Fund?

The Direct plan charges 1.15% a year. The Regular plan charges 2.57% a year. This is the figure the fund house reported to AMFI, in force from 08-10-2026.

What is the AUM of Invesco India Manufacturing Fund?

Invesco India Manufacturing Fund managed ₹732.20 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Invesco India Manufacturing Fund?

At the end of September 2026 the largest holdings were SEDEMAC (4.01%), DIVISLAB (3.85%), TVSMOTOR (3.56%), INDOMIM (3.51%), DHOOTTRANS (3.50%). The fund held 45 securities in all.

What did Invesco India Manufacturing Fund buy and sell in September 2026?

It bought 1 new stock: Orient Cables (India) Limited. It sold out of 3: Escorts Kubota Limited, Ashok Leyland Limited, KEI Industries Limited. It added shares in 1. It reduced 6.

How do I invest in Invesco India Manufacturing Fund?

Through Invesco Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

Who is the fund manager of Invesco India Manufacturing Fund?

Nikhil Kale.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.