Invesco India Smallcap Fund - Direct - 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 : Small Cap Fund

Equity Holding : 97.72% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.72%

No of Stocks : 64 (Category Avg - 88.25) | Large Cap Investments : 2.67%| Mid Cap Investments : 13.11% | Small Cap Investments : 31.98% | Other : 49.96%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	64	88.12
Top 5 Stock Weight	20.6%	14.95%
Top 10 Stock Weight	34.32%	25.76%
Top 3 Sector Weight	22.66%	20.31%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	5104.50	10068.26
Holdings in large cap stocks	2.67%	3.02%
Holdings in mid cap stocks	13.11%	9.66%
Holdings in small cap stocks	31.98%	43.98%

Category - Small Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Sai Life Sciences Ltd.	Petrochemicals	4371.1	4.86%	0.00%	5.28% (Sep 2025)	0% (Nov 2024)	49.42 L	0.00
# Krishna Institute of Medical Sciences Ltd.	Hospital	4331.9	4.81%	0.00%	5.08% (Oct 2025)	2.02% (Nov 2024)	63.23 L	1.74 L
# Swiggy Ltd.	E-retail/ e-commerce	3906.9	4.34%	0.00%	4.07% (Oct 2025)	0.29% (Nov 2024)	1.03 Cr	16.68 L
# Amber Enterprises India Ltd.	Household appliances	3245.4	3.61%	0.00%	2.52% (Oct 2025)	0% (Nov 2024)	4.52 L	1.79 L
# Multi Commodity Exchange Of India Ltd.	Exchange and data platform	2678.9	2.98%	0.00%	5.13% (Jun 2025)	2.55% (Dec 2024)	2.66 L	0.00
# BSE Ltd.	Exchange and data platform	2658.7	2.95%	0.00%	3.59% (May 2025)	2.13% (Nov 2024)	9.16 L	0.00
# Aditya Infotech Ltd.	Industrial products	2562.7	2.85%	0.00%	2.59% (Sep 2025)	0% (Nov 2024)	16.71 L	58.50 k
# InterGlobe Aviation Ltd.	Airline	2401.3	2.67%	0.00%	4.57% (Jun 2025)	0% (Nov 2024)	4.07 L	0.00
# Karur Vysya Bank Ltd	Private sector bank	2400.3	2.67%	0.00%	2.8% (Jul 2025)	1.39% (Dec 2024)	96.80 L	0.00
# L&T Finance Holdings Ltd.	Investment company	2325.6	2.58%	0.00%	2.31% (Oct 2025)	0% (Nov 2024)	74.45 L	0.00

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

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
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
# Sai Life Sciences Ltd.	Petrochemicals	5.36	4371.1	4.86%	0.00%	5.28% (Sep 2025)	0% (Nov 2024)	49.42 L	0.00	Other	49.96
# Krishna Institute of Medical Sciences Ltd.	Hospital	9.95	4331.9	4.81%	0.00%	5.08% (Oct 2025)	2.02% (Nov 2024)	63.23 L	1.74 L	Other	49.96
# Swiggy Ltd.	E-retail/ e-commerce	6.78	3906.9	4.34%	0.00%	4.07% (Oct 2025)	0.29% (Nov 2024)	1.03 Cr	16.68 L	Other	49.96
# Amber Enterprises India Ltd.	Household appliances	3.61	3245.4	3.61%	0.00%	2.52% (Oct 2025)	0% (Nov 2024)	4.52 L	1.79 L	Small Cap	31.98
# Multi Commodity Exchange Of India Ltd.	Exchange and data platform	5.93	2678.9	2.98%	0.00%	5.13% (Jun 2025)	2.55% (Dec 2024)	2.66 L	0.00	Small Cap	31.98
# BSE Ltd.	Exchange and data platform	5.93	2658.7	2.95%	0.00%	3.59% (May 2025)	2.13% (Nov 2024)	9.16 L	0.00	Small Cap	31.98
# Aditya Infotech Ltd.	Industrial products	4.22	2562.7	2.85%	0.00%	2.59% (Sep 2025)	0% (Nov 2024)	16.71 L	58.50 k	Other	49.96
# InterGlobe Aviation Ltd.	Airline	2.67	2401.3	2.67%	0.00%	4.57% (Jun 2025)	0% (Nov 2024)	4.07 L	0.00	Large Cap	2.67
# Karur Vysya Bank Ltd	Private sector bank	4.82	2400.3	2.67%	0.00%	2.8% (Jul 2025)	1.39% (Dec 2024)	96.80 L	0.00	Small Cap	31.98
# L&T Finance Holdings Ltd.	Investment company	4.8	2325.6	2.58%	0.00%	2.31% (Oct 2025)	0% (Nov 2024)	74.45 L	0.00	Mid Cap	13.11
# J K Lakshmi Cement Ltd.	Cement & cement products	2.78	2205	2.45%	0.00%	3.47% (Aug 2025)	0.82% (Nov 2024)	29.06 L	0.00	Small Cap	31.98
# Global Health Ltd.	Hospital	9.95	2166.5	2.41%	0.00%	2.9% (Apr 2025)	1.6% (Dec 2024)	17.39 L	1.60 L	Other	49.96
# Eternal Ltd.	E-retail/ e-commerce	6.78	2160.1	2.40%	0.00%	1.47% (Sep 2025)	0% (Nov 2024)	71.98 L	35.50 L	Other	49.96
# Cholamandalam Financial Holdings Ltd.	Investment company	4.8	1999.7	2.22%	0.00%	3.16% (Jun 2025)	0% (Nov 2024)	10.83 L	0.00	Small Cap	31.98
# Delhivery Ltd.	Logistics solution provider	2.19	1967.5	2.19%	0.00%	2.8% (Aug 2025)	0% (Nov 2024)	46.16 L	0.00	Other	49.96
# Federal Bank Ltd.	Private sector bank	4.82	1934.5	2.15%	0.00%	2.04% (Oct 2025)	0% (Nov 2024)	75.00 L	0.00	Mid Cap	13.11
# Ather Energy Ltd.	2/3 wheelers	2.15	1931	2.15%	0.00%	2.13% (Oct 2025)	0% (Nov 2024)	26.90 L	0.00	Other	49.96
# Aditya Birla Real Estate Ltd.	Paper & paper products	2.06	1850.6	2.06%	0.00%	3.65% (Nov 2024)	2.19% (Sep 2025)	10.43 L	0.00	Mid Cap	13.11
# Wework India Management Ltd.	Diversified commercial services	2.05	1845.6	2.05%	0.00%	2.28% (Oct 2025)	0% (Nov 2024)	30.84 L	0.00	Other	49.96
# Brigade Enterprises Ltd.	Residential, commercial projects	2.94	1622.6	1.80%	0.00%	2.17% (Aug 2025)	1.08% (Mar 2025)	18.13 L	0.00	Small Cap	31.98
# Trent Limited	Speciality retail	1.78	1605.6	1.78%	0.00%	1.93% (Oct 2025)	0% (Nov 2024)	3.78 L	18.59 k	Mid Cap	13.11
# GO Digit General Insurance Ltd.	General insurance	1.74	1570.4	1.74%	0.00%	2.14% (Jul 2025)	0% (Nov 2024)	43.85 L	0.00	Other	49.96
# Au Small Finance Bank Ltd.	Other bank	1.74	1564	1.74%	0.00%	1.65% (Oct 2025)	0% (Nov 2024)	16.37 L	0.00	Mid Cap	13.11
# Sonata Software Ltd.	Computers - software & consulting	4.09	1545.9	1.72%	0.00%	1.98% (Apr 2025)	0% (Nov 2024)	43.25 L	0.00	Small Cap	31.98
# Craftsman Automation Ltd.	Auto components & equipments	2.96	1381.7	1.54%	0.00%	1.51% (Oct 2025)	0.84% (Jan 2025)	1.97 L	0.00	Other	49.96
# 360 ONE WAM Ltd.	Other financial services	1.52	1369.9	1.52%	0.00%	2.94% (Dec 2024)	1.43% (Oct 2025)	11.58 L	0.00	Other	49.96
# Dr. Agarwals Health Care Ltd.	Hospital	9.95	1346.9	1.50%	0.00%	1.59% (Sep 2025)	0% (Nov 2024)	25.23 L	0.00	Other	49.96
# WABCO India Ltd.	Auto components & equipments	2.96	1278.8	1.42%	0.00%	1.39% (Sep 2025)	0.83% (Jul 2025)	96.85 k	0.00	Mid Cap	13.11
# Zensar Technologies Ltd.	Computers - software & consulting	4.09	1253.4	1.39%	0.00%	1.56% (Jul 2025)	0% (Nov 2024)	16.72 L	0.00	Small Cap	31.98
# Jyoti CNC Automation Ltd.	Industrial products	4.22	1234.9	1.37%	0.00%	2.48% (Dec 2024)	1.21% (Oct 2025)	12.22 L	0.00	Other	49.96
# SBFC Finance Ltd.	Non banking financial company (nbfc)	1.34	1202.5	1.34%	0.00%	1.45% (Oct 2025)	0% (Nov 2024)	1.11 Cr	0.00	Other	49.96
# Ethos Ltd.	Gems, jewellery and watches	1.28	1152.4	1.28%	0.00%	1.6% (Feb 2025)	1.11% (Aug 2025)	3.78 L	0.00	Other	49.96
# Anand Rathi Wealth Services Ltd.	Financial products distributor	1.28	1152	1.28%	0.00%	1.49% (Feb 2025)	1.09% (Apr 2025)	3.99 L	0.00	Other	49.96
# Schloss Bangalore Ltd.	Hotels & resorts	1.26	1136.2	1.26%	0.00%	1.51% (Jul 2025)	0% (Nov 2024)	27.59 L	0.00	Other	49.96
# BEML Ltd.	Construction vehicles	1.24	1115.1	1.24%	0.00%	1.89% (May 2025)	1.39% (Feb 2025)	6.10 L	6.10 L	Other	49.96
# Apollo Hospitals Enterprises Ltd.	Hospital	9.95	1110.7	1.23%	0.00%	1.5% (Jul 2025)	0% (Nov 2024)	1.51 L	0.00	Mid Cap	13.11
# Angel One Ltd.	Stockbroking & allied	1.23	1103.8	1.23%	0.00%	1.83% (Nov 2024)	0.75% (Mar 2025)	4.08 L	0.00	Other	49.96
# Apar Industries Ltd.	Other electrical equipment	1.2	1079.2	1.20%	0.00%	1.4% (May 2025)	0.58% (Mar 2025)	1.18 L	0.00	Small Cap	31.98
# Mrs.Bectors Food Specialities Ltd.	Packaged foods	1.17	1053.2	1.17%	0.00%	2.3% (Mar 2025)	1.24% (Oct 2025)	8.10 L	0.00	Other	49.96
# Safari Industries (India) Ltd.	Plastic products - consumer	1.16	1046.6	1.16%	0.00%	1.49% (Nov 2024)	1.05% (Oct 2025)	4.31 L	0.00	Small Cap	31.98
# Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	1.1	993	1.10%	0.00%	2.2% (Jan 2025)	1.11% (Sep 2025)	6.14 L	0.00	Small Cap	31.98
# Triveni Turbine Ltd.	Heavy electrical equipment	1.07	964	1.07%	0.00%	2.05% (Nov 2024)	1.1% (Oct 2025)	17.95 L	0.00	Small Cap	31.98
# Hexaware Technologies Ltd.	Computers - software & consulting	4.09	884.7	0.98%	0.00%	1.34% (Jun 2025)	0% (Nov 2024)	11.69 L	0.00	Other	49.96
# Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.37	866.9	0.96%	0.00%	1.02% (May 2025)	0.75% (Nov 2024)	7.71 L	0.00	Small Cap	31.98
# CreditAccess Grameen Ltd.	Microfinance institutions	0.96	864.1	0.96%	0.00%	1.17% (Aug 2025)	0.76% (Dec 2024)	6.46 L	0.00	Small Cap	31.98
# Home First Finance Company India Ltd.	Housing finance company	0.83	747	0.83%	0.00%	1.33% (Apr 2025)	0.92% (Oct 2025)	6.72 L	0.00	Other	49.96
# Afcons Infrastructure Ltd.	Civil construction	0.82	735.3	0.82%	0.00%	1.49% (Mar 2025)	0.93% (Oct 2025)	18.20 L	0.00	Other	49.96
# Wockhardt Ltd.	Pharmaceuticals	1.73	710.2	0.79%	0.00%	1.77% (Mar 2025)	0.85% (Oct 2025)	5.75 L	0.00	Small Cap	31.98
# Phoenix Mills Ltd.	Residential, commercial projects	2.94	706.8	0.79%	0.00%	0.83% (Feb 2025)	0.6% (Jun 2025)	4.07 L	0.00	Small Cap	31.98
# Carborundum Universal Ltd.	Abrasives & bearings	1.43	654.8	0.73%	0.00%	1.26% (Apr 2025)	0% (Nov 2024)	7.64 L	0.00	Small Cap	31.98
# Timken India Ltd.	Abrasives & bearings	1.43	629.9	0.70%	0.00%	0.72% (Oct 2025)	0% (Nov 2024)	2.00 L	0.00	Small Cap	31.98
# Concord Biotech Ltd.	Pharmaceuticals	1.73	468.1	0.52%	0.00%	1.19% (Jan 2025)	0.55% (Oct 2025)	3.30 L	0.00	Other	49.96
# Innova Captab Ltd.	Petrochemicals	5.36	452.5	0.50%	0.00%	1.08% (Dec 2024)	0.6% (Oct 2025)	6.30 L	0.00	Other	49.96
# Orchid Pharma Ltd.	Pharmaceuticals	1.73	379.3	0.42%	0.00%	1.02% (Dec 2024)	0.38% (Oct 2025)	4.55 L	0.00	Other	49.96
# Ingersoll Rand (india) Ltd.	Compressors, pumps & diesel engines	1.37	356.8	0.40%	0.00%	0.72% (Nov 2024)	0.42% (Oct 2025)	95.57 k	0.00	Small Cap	31.98
# Trualt Bioenergy Ltd.	Other agricultural products	0.37	333.9	0.37%	0.00%	0.38% (Oct 2025)	0% (Nov 2024)	7.49 L	0.00	Other	49.96
# Max Estates Ltd.	Residential, commercial projects	2.94	315	0.35%	0.00%	0.38% (Sep 2025)	0% (Nov 2024)	6.50 L	0.00	Other	49.96
# Birla Corporation Ltd.	Cement & cement products	2.78	293.1	0.33%	0.00%	0.53% (May 2025)	0.35% (Oct 2025)	2.62 L	0.00	Small Cap	31.98
# Aether Industries Ltd.	Specialty chemicals	0.58	266.2	0.30%	0.00%	0.48% (Feb 2025)	0.26% (Oct 2025)	3.03 L	0.00	Other	49.96
# Neogen Chemicals Ltd.	Specialty chemicals	0.58	250.4	0.28%	0.00%	0.73% (Dec 2024)	0.37% (Oct 2025)	2.23 L	0.00	Other	49.96
# Nippon Life India Asset Management Ltd.	Asset management company	0.15	136.3	0.15%	0.00%	0.17% (Sep 2025)	0% (Nov 2024)	1.56 L	0.00	Mid Cap	13.11
# Brainbees Solutions Ltd.	E-retail/ e-commerce	6.78	31.6	0.04%	0.00%	0.06% (Apr 2025)	0% (Nov 2024)	1.05 L	0.00	Other	49.96
# Vishal Mega Mart Ltd.	Diversified retail	0.01	6.4	0.01%	0.00%	2.51% (Aug 2025)	0% (Nov 2024)	47.02 k	0.00	Other	49.96
# KSB Ltd.	Compressors, pumps & diesel engines	1.37	6.1	0.01%	0.00%	0.01% (Aug 2025)	0% (Nov 2024)	7.95 k	0.00	Other	49.96

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

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

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

Stocks removed from Portfolio (in 1 month period ending 30th Nov,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	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Aditya Birla Real Estate Ltd.	2.06%	2.25%	2.19%	2.37%	2.59%	3.42%	3.33%	3.23%	3.44%	3.62%	3.42%	3.40%	-
Century Textile & Industries Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	3.65%
Multi Commodity Exchange Of India Ltd.	2.98%	2.82%	3.00%	3.30%	3.50%	5.13%	4.12%	4.21%	3.80%	3.80%	3.46%	2.55%	2.66%
Krishna Institute of Medical Sciences Ltd.	4.81%	5.08%	4.20%	4.54%	4.06%	3.08%	3.41%	2.93%	2.81%	2.53%	2.66%	2.41%	2.02%
InterGlobe Aviation Ltd.	2.67%	2.62%	2.83%	2.98%	3.03%	4.57%	4.44%	-	-	-	-	-	-
Kalyan Jewellers India Ltd.	-	-	-	-	-	-	-	-	-	-	-	3.17%	3.24%
Sai Life Sciences Ltd.	4.86%	5.20%	5.28%	5.28%	4.13%	2.99%	1.95%	1.97%	1.71%	1.72%	1.40%	0.90%	-
BSE Ltd.	2.95%	2.60%	2.32%	2.49%	2.93%	3.42%	3.59%	3.13%	2.81%	2.59%	2.39%	2.25%	2.13%
Amber Enterprises India Ltd.	3.61%	2.52%	1.90%	-	-	-	-	-	-	-	-	-	-
Cholamandalam Financial Holdings Ltd.	2.22%	2.38%	2.53%	2.42%	2.70%	3.16%	2.96%	2.44%	-	-	-	-	-
Aditya Infotech Ltd.	2.85%	2.43%	2.59%	1.89%	-	-	-	-	-	-	-	-	-
Swiggy Ltd.	4.34%	4.07%	3.51%	3.23%	3.24%	3.28%	2.97%	1.86%	1.22%	1.37%	1.26%	0.99%	0.29%
Delhivery Ltd.	2.19%	2.47%	2.58%	2.80%	2.07%	-	-	-	-	-	-	-	-
Global Health Ltd.	2.41%	2.37%	2.58%	2.81%	2.73%	2.42%	2.68%	2.90%	2.49%	2.46%	1.80%	1.60%	1.72%
PG Electroplast Ltd.	-	-	-	-	-	-	-	1.97%	2.39%	2.30%	2.07%	2.66%	2.11%