Invesco India Mid Cap Fund - Direct Plan - Growth
To generate capital appreciation by investing predominantly in Midcap companies.
AMC websiteScheme documentsNAV history (AMFI)हिंदी में
- Current NAV₹227.0600
- Fund Size (AUM)₹ 15,749 Cr.
- Expense Ratio0.76 %
- 1Y Return+0.95%
- 3Y Return (CAGR)+21.21%
- 5Y Return (CAGR)+16.84%
- Category Rank (3Y)—
- RiskometerVery High Risk
- Min. SIP / Lump sum₹ 100 / ₹ 100
More figures (11)
- Since Launch (CAGR)+20.33%
- BenchmarkNifty Midcap 150
- Volatility (3Y)17.31 %
- Sharpe Ratio (3Y)0.85
- Beta (3Y)0.94
- 52-week High / Low₹246.5400 / ₹189.6000
- Max Drawdown-34.1 %
- Launched1 Jan 2013
- Lock-inNone
- Portfolio Turnover29 %
- Fund ManagersAditya Khemani
Performance chart
Benchmark: Nifty Midcap 150 price index (excludes dividends, so it slightly understates the index's total return). Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 16.8% a year, against Nifty Midcap 150 12.4%.
- Volatility over 3 years was 17.3% a year (Nifty Midcap 150: 17.3%), with a Sharpe ratio of 0.85.
- Its biggest fall from a peak was 34.1% (20 Feb 2020 to 23 Mar 2020).
- It did better than the Nifty Midcap 150 in 3 of the last 6 calendar years.
- Across all 3-year periods since launch, yearly returns ranged from -1.3% to 41.7% and were positive 100% of the time.
- Expense ratio 0.76%, fund size ₹15,749 crore.
Pros
AI- Ahead of the Nifty Midcap 150 by 4.4 points a year over 5 years (16.8% against 12.4%).
- Every 3-year period since launch gave a positive return (lowest -1.3% a year).
- Expense ratio of 0.76% is below the category median of 0.94%.
- Long track record of 13.8 years since 2 Jan 2013.
Cons
AINo standout weaknesses in its record so far.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.64% | -3.55% | -5.75% | +5.92% | +2.44% | +0.95% | +5.28% | +21.21% | +16.84% | +23.44% | +18.56% | +20.33% |
| Nifty Midcap 150 | +0.62% | -2.83% | -5.74% | -0.20% | -2.42% | -0.75% | -0.79% | +12.74% | +12.42% | +20.79% | — | +17.42% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Mid Cap Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +2.44% | +7.61% | +44.96% | +35.85% | +1.98% | +45.24% | +26.13% | +5.42% | -3.61% | +46.86% | +2.85% |
| Nifty Midcap 150 | -2.42% | +5.37% | +23.80% | +43.68% | +2.96% | +46.81% | +24.38% | — | — | — | — |
| Difference | +4.86% | +2.24% | +21.16% | -7.83% | -0.98% | -1.57% | +1.75% | — | — | — | — |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.1 | 3.2 | -11.7 | 14.5 | 2.4 | 6.6 | 1.4 | 2.5 | -6.2 | -1.9 | |||
| 2025 | -10.2 | -8.7 | 8.4 | 3.1 | 7.5 | 7.2 | -0.9 | -1.6 | 0.5 | 4.6 | 1.6 | -2.2 | 7.6 |
| 2024 | 4.7 | 1.6 | 1.0 | 5.2 | 2.1 | 11.8 | 4.1 | 2.3 | 5.1 | -5.6 | 2.9 | 3.3 | 45.0 |
| 2023 | -2.4 | -1.8 | -0.5 | 5.6 | 6.0 | 4.9 | 3.7 | 3.1 | 1.2 | -2.4 | 9.0 | 5.5 | 35.9 |
| 2022 | -1.6 | -6.3 | 4.2 | -1.0 | -4.2 | -5.5 | 10.1 | 4.5 | -0.4 | 3.0 | 1.5 | -1.2 | 2.0 |
| 2021 | 1.0 | 9.6 | 0.7 | -0.4 | 7.3 | 5.2 | 6.0 | -0.3 | 5.1 | 2.2 | -1.4 | 3.5 | 45.2 |
| 2020 | 5.8 | -1.0 | -25.0 | 12.3 | -0.6 | 7.0 | 6.0 | 5.0 | 3.7 | -1.1 | 11.8 | 5.5 | 26.1 |
| 2019 | -4.4 | -0.6 | 7.8 | -2.2 | 1.7 | -1.5 | -8.1 | 1.7 | 5.3 | 4.0 | 0.8 | 1.8 | 5.4 |
| 2018 | -2.5 | -3.7 | -2.7 | 7.3 | -3.6 | -3.0 | 5.5 | 6.7 | -10.8 | -0.2 | 1.9 | 3.0 | -3.6 |
| 2017 | 7.3 | 4.0 | 5.2 | 5.2 | -1.3 | -0.4 | 3.8 | 0.5 | 0.4 | 7.6 | 3.4 | 4.0 | 46.9 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 76 of 118 months shown (64%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 17.31% | 16.38% |
| Nifty Midcap 150 volatility ? | 17.29% | 16.94% |
| Sharpe ratio ? | 0.85 | 0.63 |
| Sortino ratio ? | 1.19 | 0.87 |
| Beta ? | 0.94 | 0.92 |
| Alpha (yearly) ? | 8.83% | 4.91% |
| R-squared ? | 0.89 | 0.90 |
| Up-market capture ? | 122.70% | 108.50% |
| Down-market capture ? | 100.30% | 94.80% |
| Maximum drawdown | -20.07% | -20.07% |
Rolling 3-year returns (yearly)
Rolling 5-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
When the Nifty Midcap 150 fell more than 10%
| Fall (peak to bottom) | Nifty Midcap 150 | This fund | Difference | Fund, 1 year after bottom | Index, 1 year after bottom |
|---|---|---|---|---|---|
| 7 Jan 2026 → 30 Mar 2026 | -14.0% | -15.0% | -1.0 | — | — |
| 24 Sep 2024 → 28 Feb 2025 | -21.1% | -19.1% | +2.0 | 27.1% | 23.1% |
| 14 Dec 2022 → 28 Mar 2023 | -10.4% | -9.7% | +0.7 | 56.0% | 59.8% |
| 18 Oct 2021 → 20 Jun 2022 | -21.6% | -19.5% | +2.1 | 37.1% | 38.4% |
| 7 Feb 2020 → 23 Mar 2020 | -38.7% | -32.9% | +5.8 | 92.5% | 115.8% |
| 2 Apr 2019 → 22 Aug 2019 | -14.8% | -10.7% | +4.1 | 23.2% | 16.0% |
Every fall of more than 10% in the benchmark since the fund was launched, measured between the index's peak and bottom dates. "Difference" in percentage points: positive means the fund fell less.
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 20 Feb 2020 | 23 Mar 2020 | -34.1% | 6 Nov 2020 | 7 months |
| 7 Jan 2013 | 28 Aug 2013 | -21.9% | 9 Dec 2013 | 3 months |
| 17 Jan 2022 | 20 Jun 2022 | -20.1% | 1 Dec 2022 | 5 months |
| 16 Dec 2024 | 28 Feb 2025 | -20.1% | 6 Jun 2025 | 3 months |
| 6 Aug 2015 | 26 Feb 2016 | -19.2% | 4 Jul 2016 | 4 months |
| 26 Nov 2025 | 30 Mar 2026 | -16.7% | 8 May 2026 | 39 days |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR | Nifty Midcap 150 XIRR |
|---|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,22,101 | ₹2,101 | +3.25% | -3.25% |
| 3Y | ₹3,60,000 | ₹4,33,512 | ₹73,512 | +12.44% | +4.79% |
| 5Y | ₹6,00,000 | ₹9,62,560 | ₹3,62,560 | +18.97% | +12.89% |
| 10Y | ₹12,00,000 | ₹35,00,269 | ₹23,00,269 | +20.31% | — |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Mid Cap Funds (33)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual Fund | ₹907.7300 | — | — | — | — | — | 1.24 | 6,550 | Very High Risk |
| 2. | Axis Midcap FundAxis Mutual Fund | ₹137.4100 | — | — | — | — | — | 0.82 | 33,528 | Very High Risk |
| 3. | BANDHAN MID CAP FUNDBandhan Mutual Fund | ₹19.5480 | — | — | — | — | — | 0.75 | 2,519 | Very High Risk |
| 4. | BANK OF INDIA MID CAP FUNDBank of India Mutual Fund | ₹10.2400 | — | — | — | — | — | — | — | — |
| 5. | Baroda BNP Paribas Mid Cap FundBaroda BNP Paribas Mutual Fund | ₹127.1906 | — | — | — | — | — | 0.56 | 2,503 | Very High Risk |
| 6. | Canara Robeco Mid Cap FundCanara Robeco Mutual Fund | ₹18.5700 | — | — | — | — | — | 0.91 | 4,993 | Very High Risk |
| 7. | DSP Midcap FundDSP Mutual Fund | ₹163.7380 | — | — | — | — | — | 0.81 | 19,488 | Very High Risk |
| 8. | Edelweiss Mid Cap FundEdelweiss Mutual Fund | ₹122.1690 | — | — | — | — | — | 0.72 | 19,250 | Very High Risk |
| 9. | Franklin India Mid Cap FundFranklin Templeton Mutual Fund | ₹3,019.50 | — | — | — | — | — | 1.12 | 12,156 | Very High Risk |
| 10. | HDFC Mid Cap FundHDFC Mutual Fund | ₹221.0580 | — | — | — | — | — | 0.74 | 1,01,856 | Very High Risk |
| 11. | Helios Mid Cap FundHelios Mutual Fund | ₹13.5300 | — | — | — | — | — | — | — | — |
| 12. | HSBC Midcap FundHSBC Mutual Fund | ₹511.2363 | — | — | — | — | — | 1.15 | 16,800 | Very High Risk |
| 13. | ICICI Prudential Mid Cap FundICICI Prudential Mutual Fund | ₹362.5000 | — | — | — | — | — | 1.11 | 7,961 | Very High Risk |
| 14. | Invesco India Mid Cap FundInvesco Mutual Fund | ₹227.0600 | — | — | — | — | — | 0.76 | 15,749 | Very High Risk |
| 15. | ITI Mid Cap FundITI Mutual Fund | ₹24.3205 | — | — | — | — | — | 0.94 | 1,453 | Very High Risk |
| 16. | JM Mid Cap FundJM Financial Mutual Fund | ₹21.4856 | — | — | — | — | — | 0.97 | 1,303 | High Risk |
| 17. | Kotak Mid Cap FundKotak Mahindra Mutual Fund | ₹159.2500 | — | — | — | — | — | 0.51 | 66,613 | Very High Risk |
| 18. | LIC MF Mid Cap FundLIC Mutual Fund | ₹33.0597 | — | — | — | — | — | 1.77 | 369 | Very High Risk |
| 19. | Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund | ₹38.8590 | — | — | — | — | — | 0.75 | 5,058 | Very High Risk |
| 20. | Mirae Asset Midcap FundMirae Asset Mutual Fund | ₹41.4560 | — | — | — | — | — | 0.95 | 19,539 | Very High Risk |
| 21. | Nippon India Growth Mid Cap FundNippon India Mutual Fund | ₹4,736.44 | — | — | — | — | — | 0.78 | 50,176 | Very High Risk |
| 22. | PGIM India Midcap FundPGIM India Mutual Fund | ₹74.1400 | — | — | — | — | — | 0.76 | 10,537 | Very High Risk |
| 23. | Quant Mid Cap Fundquant Mutual Fund | ₹241.9197 | — | — | — | — | — | 1.18 | 7,654 | Very High Risk |
| 24. | Samco Mid Cap FundSamco Mutual Fund | ₹9.6100 | — | — | — | — | — | — | — | — |
| 25. | SBI MIDCAP FUNDSBI Mutual Fund | ₹260.2244 | — | — | — | — | — | 1.03 | 23,282 | Very High Risk |
| 26. | Sundaram Mid Cap FundSundaram Mutual Fund | ₹1,548.74 | — | — | — | — | — | 1.05 | 13,854 | Very High Risk |
| 27. | Tata Mid Cap FundTata Mutual Fund | ₹501.0911 | — | — | — | — | — | 0.87 | 5,860 | Very High Risk |
| 28. | Taurus Mid Cap FundTaurus Mutual Fund | ₹134.9200 | — | — | — | — | — | — | — | — |
| 29. | The Wealth Company Mid Cap FundThe Wealth Company Mutual Fund | ₹9.3780 | — | — | — | — | — | — | — | — |
| 30. | TRUSTMF MID CAP FUNDTrust Mutual Fund | ₹11.7300 | — | — | — | — | — | — | — | — |
| 31. | Union Midcap FundUnion Mutual Fund | ₹54.4900 | — | — | — | — | — | 1.13 | 1,906 | Very High Risk |
| 32. | UTI - Mid Cap FundUTI Mutual Fund | ₹337.7742 | — | — | — | — | — | 1.15 | 11,920 | Very High Risk |
| 33. | WhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund | ₹22.4300 | — | — | — | — | — | 0.97 | 7,540 | Very High Risk |
| Median: 33 schemes | — | — | — | — | — | — | 0.94 | 10,537 | — |
Detailed comparison with another fund About Mid Cap Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- To generate capital appreciation by investing predominantly in Midcap companies.
- Fund manager
- Aditya Khemani
- Fund house
- Invesco Mutual Fund
- Category
- Mid Cap Funds · Equity
- Benchmark used here
- Nifty Midcap 150 (price index)
- Plan / option
- Direct · Growth
- AMFI scheme code
- 120403
- ISIN
- INF205K01MV6
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Mid Cap Funds
Mid Cap Funds invest at least 65% in mid-cap companies (the 101st to 250th largest listed companies). Mid caps can grow faster than large caps but are more volatile.
Generally used by investors with a long horizon (7+ years) who are comfortable with bigger swings.
Other plans of this scheme
Tax on your gains
Likely tax treatment: Equity-oriented fund
- Held 12 months or less: short-term gain taxed at 20%.
- Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund manager
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: Invesco Mutual Fund
- Invesco AMC announces Temporary Restriction on Subscriptions in Gold ETF FOFInvestment Guru India · 19 h ago
- Invesco India Nifty India Defence Index Fund - Direct Plan PortfolioThe Economic Times · Yesterday
- NFO Alert: Invesco Mutual Fund’s SummitSIF launches active asset allocator long-short fundThe Economic Times · 12 Oct
- Motilal Oswal Mid Cap Fund vs Invesco India Mid Cap Fund: Which is Better?The Financial Express · 11 Oct
- Suspension of fresh subscriptions in international schemes of Invesco Mutual FundValue Research · 5 Oct
- Quant Small Cap, Invesco India Mid Cap among 5 equity funds that delivered up to 25% SIP returns in 10 yearsThe Economic Times · 2 Oct
- Invesco India Mid Cap and Quant Small Cap among 5 equity funds that deliver over 24% SIP returns in 10 yearsThe Economic Times · 22 Sep
- Invesco Mutual Fund has resumed subscriptions in its international schemeValue Research · 21 Sep
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
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