MF Gyan
sectorHigh risk2 year old

Invesco India Business Cycle Fund - Direct Plan - Growth

Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings. From Invesco Mutual Fund. It's been running since 3 Mar 2025.

This fund is under 3 years old — its short track record makes comparing to peers or judging consistency less reliable.
Latest price per unit
₹14.77
▲ 0.14% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.16 L
▲ ₹16.0k gain · 16.0% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹60.0k
Value today₹67.7k
Gain / loss+₹7.7k
XIRR (annualised)28.93%
Looking forward · hypothetical
You would invest₹60.0k
Would become*₹70.3k
Projected gain*+₹10.3k
*at this fund's historical rate of 28.93% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 109 other funds in Equity Schemes - Thematic Fund

Same plan
1-year return
16.04%median 5.50% (+10.54%)
Rank #24 of 110Beats 76% of peers
Bumpiness (3Y)
17.65%median 15.76% (+1.89%)
Rank #83 of 110Less risky than 22% of peers
Worst-ever drop
-16.01%median -22.78% (+6.77%)
Rank #84 of 110Less risky than 24% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 2 of last 2 years were positive.

+32%
2025
+14%
2026
Best year
2025 · 31.79%
Worst year
2026 · 14.32%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
17.7%

The value swings roughly 18% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-16.01%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of Invesco India Business Cycle Fund - Direct Plan - Growth against other sector funds.

Technical details (for the pros)
CAGR — 1 year16.04%
CAGR — 3 years—
CAGR — 5 years—
CAGR — since launch31.76%
Volatility — 1 year (annualised)17.32%
Volatility — 3 years (annualised)17.65%
Max drawdown — 1 year-16.01%
Max drawdown — 3 years-16.01%
Sharpe ratio — 1 year (rf=6%)0.53
Sharpe ratio — 3 years (rf=6%)1.25

Fund info

Fund house
Invesco Mutual Fund
Category
Equity Schemes - Thematic Fund
Plan
Direct
Option
Growth
ISIN (Growth)
INF205KA1AI8
ISIN (Div re-invest)
—
Fund code
153291
First price on record
3 Mar 2025 · 373 daily prices

About Invesco India Business Cycle Fund - Direct Plan - Growth

Invesco India Business Cycle Fund - Direct Plan - Growth is a Equity Schemes - Thematic Fund offered by Invesco Mutual Fund under the Direct plan with the Growth option. It has approximately 2 year of NAV track record. The fund falls in the sector category — Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

The current NAV of Invesco India Business Cycle Fund - Direct Plan - Growth is ₹14.7700 (as of 4 Sep 2026). Historically, it has delivered 16.03% over the last year. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 17.7% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 16.0%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of Invesco India Business Cycle Fund - Direct Plan - Growth?+

The latest NAV of Invesco India Business Cycle Fund - Direct Plan - Growth is ₹14.7700 as of 4 Sep 2026, up 0.14% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Invesco India Business Cycle Fund - Direct Plan - Growth?+

Invesco India Business Cycle Fund - Direct Plan - Growth has delivered 1-year return 16.03%, since-inception CAGR 31.76%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Invesco India Business Cycle Fund - Direct Plan - Growth belong to?+

Invesco India Business Cycle Fund - Direct Plan - Growth is categorised as Equity Schemes - Thematic Fund. Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

How risky is Invesco India Business Cycle Fund - Direct Plan - Growth?+

Based on its 3-year annualised volatility of 17.7%, Invesco India Business Cycle Fund - Direct Plan - Growth sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Invesco India Business Cycle Fund - Direct Plan - Growth a direct plan?+

Invesco India Business Cycle Fund - Direct Plan - Growth is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).

How old is Invesco India Business Cycle Fund - Direct Plan - Growth?+

Invesco India Business Cycle Fund - Direct Plan - Growth has NAV history available from 3 Mar 2025 — approximately 2 year of track record and 373 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.