Invesco India Flexi Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Portfolio Turnover Ratio : 62.00%. Category average turnover ratio is 149.78%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 94.88% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.88%

No of Stocks : 58 (Category Avg - 63.19) | Large Cap Investments : 18.21%| Mid Cap Investments : 13.68% | Small Cap Investments : 12.19% | Other : 50.8%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	58	62.86
Top 5 Stock Weight	20.21%	25.13%
Top 10 Stock Weight	34.05%	40.11%
Top 3 Sector Weight	24.03%	30.54%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	31717.38	90047.83
Holdings in large cap stocks	18.21%	39.52%
Holdings in mid cap stocks	13.68%	12.99%
Holdings in small cap stocks	12.19%	11.31%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Private sector bank	2307.6	5.27%	-0.51%	8.92% (Mar 2025)	5.27% (Oct 2025)	17.15 L	0.00
Eternal Ltd.	E-retail/ e-commerce	1708.4	3.90%	-0.20%	4.23% (Jul 2025)	2.84% (Jan 2025)	53.77 L	3.45 L
HDFC Bank Ltd.	Private sector bank	1703.3	3.89%	-0.21%	6.74% (Apr 2025)	3.11% (Jan 2025)	17.25 L	0.00
InterGlobe Aviation Ltd.	Airline	1647.2	3.76%	-0.24%	4.03% (Jun 2025)	1.3% (Dec 2024)	2.93 L	7.09 k
Trent Limited	Speciality retail	1486.2	3.39%	-0.08%	4.04% (Aug 2025)	2.36% (Dec 2024)	3.17 L	19.94 k
Larsen & Toubro Ltd.	Civil construction	1468.9	3.35%	0.36%	3.35% (Oct 2025)	0% (Nov 2024)	3.64 L	37.17 k
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	1298.8	2.97%	0.04%	4.05% (Feb 2025)	1.36% (Nov 2024)	7.65 L	37.29 k
Sai Life Sciences Ltd.	Petrochemicals	1129.7	2.58%	0.05%	2.58% (Oct 2025)	0% (Nov 2024)	12.30 L	54.99 k
TVS Motor Company Ltd.	2/3 wheelers	1099.2	2.51%	-0.18%	2.8% (Aug 2025)	1.3% (Dec 2024)	3.13 L	0.00
Max Healthcare Institute Ltd.	Hospital	1065.9	2.43%	-0.16%	2.59% (Sep 2025)	1.52% (Jan 2025)	9.29 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
ICICI Bank Ltd.	Private sector bank	9.16	2307.6	5.27%	-0.51%	8.92% (Mar 2025)	5.27% (Oct 2025)	17.15 L	0.00	Large Cap	18.21
Eternal Ltd.	E-retail/ e-commerce	5.71	1708.4	3.90%	-0.20%	4.23% (Jul 2025)	2.84% (Jan 2025)	53.77 L	3.45 L	Other	50.8
HDFC Bank Ltd.	Private sector bank	9.16	1703.3	3.89%	-0.21%	6.74% (Apr 2025)	3.11% (Jan 2025)	17.25 L	0.00	Other	50.8
InterGlobe Aviation Ltd.	Airline	3.76	1647.2	3.76%	-0.24%	4.03% (Jun 2025)	1.3% (Dec 2024)	2.93 L	7.09 k	Large Cap	18.21
Trent Limited	Speciality retail	3.39	1486.2	3.39%	-0.08%	4.04% (Aug 2025)	2.36% (Dec 2024)	3.17 L	19.94 k	Mid Cap	13.68
Larsen & Toubro Ltd.	Civil construction	3.35	1468.9	3.35%	0.36%	3.35% (Oct 2025)	0% (Nov 2024)	3.64 L	37.17 k	Large Cap	18.21
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	6.02	1298.8	2.97%	0.04%	4.05% (Feb 2025)	1.36% (Nov 2024)	7.65 L	37.29 k	Other	50.8
Sai Life Sciences Ltd.	Petrochemicals	2.58	1129.7	2.58%	0.05%	2.58% (Oct 2025)	0% (Nov 2024)	12.30 L	54.99 k	Other	50.8
TVS Motor Company Ltd.	2/3 wheelers	2.53	1099.2	2.51%	-0.18%	2.8% (Aug 2025)	1.3% (Dec 2024)	3.13 L	0.00	Mid Cap	13.68
Max Healthcare Institute Ltd.	Hospital	7.89	1065.9	2.43%	-0.16%	2.59% (Sep 2025)	1.52% (Jan 2025)	9.29 L	0.00	Other	50.8
Bajaj Finance Ltd.	Non banking financial company (nbfc)	6.02	980.2	2.24%	-0.11%	3.03% (Feb 2025)	0% (Nov 2024)	9.40 L	0.00	Other	50.8
Coforge Ltd.	Computers - software & consulting	6.98	959.8	2.19%	0.13%	3.14% (Feb 2025)	2.03% (Aug 2025)	5.40 L	22.23 k	Other	50.8
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	4.08	930.5	2.12%	0.64%	2.12% (Oct 2025)	0.79% (Dec 2024)	1.01 L	24.93 k	Small Cap	12.19
Dixon Technologies (India) Ltd.	Consumer electronics	2.08	911.7	2.08%	-0.32%	2.61% (Feb 2025)	1.71% (Jan 2025)	58.84 k	0.00	Other	50.8
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5.01	907.2	2.07%	-0.16%	3.51% (Feb 2025)	1.92% (Mar 2025)	2.60 L	0.00	Large Cap	18.21
BSE Ltd.	Exchange and data platform	4.08	860.6	1.96%	0.72%	1.96% (Oct 2025)	0% (Nov 2024)	3.47 L	1.04 L	Small Cap	12.19
Persistent Systems Ltd.	Computers - software & consulting	6.98	835.8	1.91%	0.37%	2.19% (Nov 2024)	1.19% (Aug 2025)	1.41 L	13.68 k	Other	50.8
PB Fintech Ltd.	Financial technology (fintech)	1.89	829.1	1.89%	0.15%	1.89% (Oct 2025)	1.23% (Jan 2025)	4.64 L	55.85 k	Other	50.8
HDFC Asset Management Co. Ltd.	Asset management company	1.88	825.1	1.88%	-0.24%	2.12% (Sep 2025)	0.88% (Feb 2025)	1.53 L	0.00	Large Cap	18.21
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.01	821.5	1.88%	-0.15%	2.03% (Sep 2025)	0% (Nov 2024)	50.76 k	0.00	Large Cap	18.21
Swiggy Ltd.	E-retail/ e-commerce	5.71	792.5	1.81%	0.14%	1.81% (Oct 2025)	0.6% (Nov 2024)	19.33 L	3.53 L	Other	50.8
Prestige Estates Projects Ltd.	Residential, commercial projects	2.52	772.7	1.76%	0.55%	1.76% (Oct 2025)	0.99% (Jan 2025)	4.43 L	1.22 L	Mid Cap	13.68
Hexaware Technologies Ltd.	Computers - software & consulting	6.98	727.3	1.66%	-0.11%	1.77% (Sep 2025)	0% (Nov 2024)	10.58 L	0.00	Other	50.8
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	1.61	704.2	1.61%	0.03%	2.31% (Apr 2025)	1.58% (Sep 2025)	4.49 L	0.00	Other	50.8
J.K. Cement Ltd.	Cement & cement products	1.55	680.6	1.55%	-0.18%	2.01% (Jul 2025)	0.9% (Nov 2024)	1.10 L	0.00	Small Cap	12.19
L&T Finance Holdings Ltd.	Investment company	1.5	658.8	1.50%	-0.02%	1.57% (Aug 2025)	0.68% (Dec 2024)	24.35 L	0.00	Mid Cap	13.68
- Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	4.16	653.9	1.49%	0.00%	1.5% (Aug 2025)	0% (Nov 2024)	3.46 L	41.39 k	Mid Cap	13.68
- Apollo Hospitals Enterprises Ltd.	Hospital	7.89	649	1.48%	0.00%	1.51% (Jul 2025)	0% (Nov 2024)	84.49 k	4.83 k	Mid Cap	13.68
- Krishna Institute of Medical Sciences Ltd.	Hospital	7.89	630.1	1.44%	0.00%	1.63% (Jan 2025)	1.01% (Jun 2025)	8.74 L	48.79 k	Other	50.8
Hindustan Aeronautics Ltd.	Aerospace & defense	2.64	628.2	1.43%	-0.16%	1.59% (Sep 2025)	0% (Nov 2024)	1.34 L	0.00	Other	50.8
Global Health Ltd.	Hospital	7.89	610.4	1.39%	-0.14%	1.65% (Feb 2025)	0.81% (Dec 2024)	4.65 L	0.00	Other	50.8
UNO Minda Ltd.	Auto components & equipments	1.23	538.5	1.23%	-0.04%	1.61% (Aug 2025)	1% (Jan 2025)	4.36 L	45.14 k	Small Cap	12.19
Mankind Pharma Ltd.	Pharmaceuticals	4.16	534.6	1.22%	-0.15%	2.29% (Dec 2024)	1.22% (Oct 2025)	2.24 L	0.00	Other	50.8
Bharat Electronics Ltd.	Aerospace & defense	2.64	531.8	1.21%	-0.05%	2.63% (Jan 2025)	1.15% (Jul 2025)	12.48 L	0.00	Mid Cap	13.68
KEI Industries Ltd.	Cables - electricals	1.19	521.8	1.19%	0.10%	1.19% (Oct 2025)	0% (Nov 2024)	1.29 L	22.21 k	Small Cap	12.19
Home First Finance Company India Ltd.	Housing finance company	1.15	502.6	1.15%	0.01%	1.52% (Jun 2025)	0.98% (Nov 2024)	4.21 L	44.62 k	Other	50.8
Dr. Agarwals Health Care Ltd.	Hospital	7.89	501.9	1.15%	-0.11%	1.26% (Sep 2025)	0% (Nov 2024)	9.91 L	0.00	Other	50.8
Timken India Ltd.	Abrasives & bearings	1.12	489	1.12%	-0.05%	1.34% (Jun 2025)	0.8% (Nov 2024)	1.56 L	0.00	Small Cap	12.19
Hitachi Energy India Ltd.	Heavy electrical equipment	1.09	478	1.09%	-0.11%	2% (Mar 2025)	1.09% (Oct 2025)	26.89 k	309.00	Other	50.8
Jubilant Foodworks Ltd.	Restaurants	1.07	467	1.07%	-0.14%	1.24% (Jul 2025)	0% (Nov 2024)	7.81 L	0.00	Other	50.8
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	5.01	465.3	1.06%	-0.17%	1.28% (Aug 2025)	0% (Nov 2024)	1.91 L	0.00	Other	50.8
Vishal Mega Mart Ltd.	Diversified retail	1.04	457.4	1.04%	-0.14%	1.29% (Jul 2025)	0% (Nov 2024)	31.61 L	0.00	Other	50.8
Kaynes Technology India Private Ltd.	Industrial products	0.97	423.3	0.97%	-0.14%	1.84% (Dec 2024)	0.97% (Oct 2025)	63.14 k	0.00	Other	50.8
Edelweiss Securities Pvt. Ltd.	Stockbroking & allied	0.94	410.9	0.94%	0.20%	0.94% (Oct 2025)	0% (Nov 2024)	57.94 k	10.68 k	Other	50.8
Blue Star Ltd.	Household appliances	0.92	402.9	0.92%	-0.06%	0.98% (Aug 2025)	0% (Nov 2024)	2.08 L	0.00	Small Cap	12.19
Safari Industries (India) Ltd.	Plastic products - consumer	0.88	387.3	0.88%	-0.09%	1.32% (Nov 2024)	0.47% (Mar 2025)	1.81 L	4.22 k	Small Cap	12.19
Suven Pharmaceuticals Ltd.	Pharmaceuticals	4.16	378.8	0.86%	-0.25%	1.83% (Feb 2025)	0% (Nov 2024)	5.03 L	0.00	Other	50.8
Ethos Ltd.	Gems, jewellery and watches	0.81	355.7	0.81%	0.03%	1.21% (Feb 2025)	0.76% (Aug 2025)	1.23 L	0.00	Other	50.8
SBFC Finance Ltd.	Non banking financial company (nbfc)	6.02	354.9	0.81%	0.07%	0.81% (Oct 2025)	0% (Nov 2024)	31.11 L	3.23 L	Other	50.8
Max Estates Ltd.	Residential, commercial projects	2.52	332.7	0.76%	-0.04%	1.17% (Dec 2024)	0.76% (Aug 2025)	7.10 L	19.32 k	Other	50.8
Zensar Technologies Ltd.	Computers - software & consulting	6.98	324.1	0.74%	0.10%	0.74% (Oct 2025)	0% (Nov 2024)	4.06 L	71.39 k	Small Cap	12.19
Awfis Space Solutions Ltd.	Diversified commercial services	0.71	308.9	0.71%	-0.02%	1.51% (Feb 2025)	0% (Nov 2024)	5.15 L	0.00	Other	50.8
Bansal Wire Industries Ltd.	Iron & steel products	0.64	281.3	0.64%	-0.14%	1.5% (Jan 2025)	0.64% (Oct 2025)	9.23 L	0.00	Other	50.8
Concord Biotech Ltd.	Pharmaceuticals	4.16	257.2	0.59%	-0.14%	1.32% (Nov 2024)	0.59% (Oct 2025)	1.78 L	0.00	Other	50.8
Metro Brands Ltd.	Footwear	0.49	215.8	0.49%	-0.13%	0.75% (May 2025)	0.36% (Mar 2025)	1.91 L	-0.40 k	Other	50.8
Sonata Software Ltd.	Computers - software & consulting	6.98	209.8	0.48%	-0.17%	0.94% (Jun 2025)	0% (Nov 2024)	5.67 L	-1.80 L	Small Cap	12.19
# Au Small Finance Bank Ltd.	Other bank	0.34	148.7	0.34%	0.34%	0.34% (Oct 2025)	0% (Nov 2024)	1.69 L	1.69 L	Mid Cap	13.68
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	2.53	10.5	0.02%	0.00%	0% (Nov 2025)	0% (Nov 2025)	10.38 L	0.00	Other	50.8

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Au Small Finance Bank Ltd.	Other bank	148.7	0.34%	0.34%	0.34% (Oct 2025)	0% (Nov 2024)	1.69 L	169329

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
ICICI Bank Ltd.	5.27%	5.78%	6.54%	7.42%	7.54%	8.24%	8.83%	8.92%	8.78%	8.63%	7.71%	8.34%	8.86%
HDFC Bank Ltd.	3.89%	4.10%	4.48%	5.08%	5.91%	6.28%	6.74%	5.37%	5.20%	3.11%	5.16%	5.22%	5.39%
Eternal Ltd.	3.90%	4.10%	4.03%	4.23%	3.75%	3.51%	6.42%	5.86%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	3.47%	2.84%	2.98%	3.19%	2.95%
Trent Limited	3.39%	3.47%	4.04%	3.86%	3.90%	3.54%	3.23%	3.40%	3.28%	2.70%	2.36%	2.40%	2.53%
Reliance Industries Ltd.	-	-	-	2.63%	2.97%	3.48%	3.73%	-	-	3.33%	-	-	-
InterGlobe Aviation Ltd.	3.76%	4.00%	3.76%	3.99%	4.03%	3.22%	3.14%	3.28%	2.68%	2.44%	1.30%	1.33%	1.31%
Axis Bank Ltd.	-	-	-	-	-	-	-	-	-	-	2.59%	2.95%	3.22%
Infosys Ltd.	-	-	-	-	-	0.70%	2.86%	3.21%	2.52%	3.88%	3.13%	3.30%	3.33%
Cholamandalam Investment & Finance Co. Ltd.	2.97%	2.93%	2.69%	2.71%	3.74%	3.61%	3.65%	3.99%	4.05%	2.40%	1.44%	1.36%	1.50%
Mahindra & Mahindra Ltd.	2.07%	2.23%	2.40%	2.49%	2.01%	1.93%	1.97%	1.92%	3.51%	3.36%	2.67%	2.81%	2.76%
Larsen & Toubro Ltd.	3.35%	2.99%	3.05%	2.51%	2.41%	2.01%	-	2.24%	2.02%	1.49%	-	-	-
Coforge Ltd.	2.19%	2.06%	2.03%	2.06%	2.25%	2.19%	2.21%	2.59%	3.14%	2.59%	2.25%	2.41%	2.53%
Bajaj Finance Ltd.	2.24%	2.35%	2.25%	2.17%	1.84%	1.98%	2.02%	2.89%	3.03%	-	-	-	-
Max Healthcare Institute Ltd.	2.43%	2.59%	2.46%	2.47%	2.59%	2.38%	2.44%	2.33%	2.49%	1.52%	1.91%	2.00%	2.22%