Invesco India Smallcap Fund - IDCW

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

Portfolio Turnover Ratio : 57.00%. Category average turnover ratio is 77.03%. 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 : 97.33% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.33%

No of Stocks : 64 (Category Avg - 89.00) | Large Cap Investments : 2.62%| Mid Cap Investments : 13.05% | Small Cap Investments : 33.27% | Other : 48.39%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	64	88.77
Top 5 Stock Weight	20.07%	14.78%
Top 10 Stock Weight	32.98%	25.54%
Top 3 Sector Weight	21.48%	19.67%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	5111.31	9999.98
Holdings in large cap stocks	2.62%	3.07%
Holdings in mid cap stocks	13.05%	9.41%
Holdings in small cap stocks	33.27%	45.12%

Category - Small 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
Sai Life Sciences Ltd.	Petrochemicals	4538.1	5.20%	-0.08%	5.28% (Sep 2025)	0% (Nov 2024)	49.42 L	0.00
Krishna Institute of Medical Sciences Ltd.	Hospital	4434	5.08%	0.88%	5.08% (Oct 2025)	2.02% (Nov 2024)	61.49 L	13.13 L
Swiggy Ltd.	E-retail/ e-commerce	3550.1	4.07%	0.56%	4.07% (Oct 2025)	0.29% (Nov 2024)	86.60 L	19.74 L
J K Lakshmi Cement Ltd.	Cement & cement products	2527.7	2.90%	-0.19%	3.47% (Aug 2025)	0.82% (Nov 2024)	29.06 L	0.00
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	2458.2	2.82%	-0.18%	5.13% (Jun 2025)	2.55% (Dec 2024)	2.66 L	-0.44 L
Karur Vysya Bank Ltd	Private sector bank	2353.6	2.70%	0.17%	2.8% (Jul 2025)	1.39% (Dec 2024)	96.80 L	0.00
InterGlobe Aviation Ltd.	Airline	2288.8	2.62%	-0.21%	4.57% (Jun 2025)	0% (Nov 2024)	4.07 L	0.00
BSE Ltd.	Exchange and data platform	2270.9	2.60%	0.28%	3.59% (May 2025)	2.13% (Nov 2024)	9.16 L	0.00
Amber Enterprises India Ltd.	Household appliances	2195.4	2.52%	0.62%	2.52% (Oct 2025)	0% (Nov 2024)	2.73 L	84.42 k
Delhivery Ltd.	Logistics solution provider	2151.1	2.47%	-0.11%	2.8% (Aug 2025)	0% (Nov 2024)	46.16 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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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	5.8	4538.1	5.20%	-0.08%	5.28% (Sep 2025)	0% (Nov 2024)	49.42 L	0.00	Other	48.39
Krishna Institute of Medical Sciences Ltd.	Hospital	10.24	4434	5.08%	0.88%	5.08% (Oct 2025)	2.02% (Nov 2024)	61.49 L	13.13 L	Other	48.39
Swiggy Ltd.	E-retail/ e-commerce	5.44	3550.1	4.07%	0.56%	4.07% (Oct 2025)	0.29% (Nov 2024)	86.60 L	19.74 L	Other	48.39
J K Lakshmi Cement Ltd.	Cement & cement products	3.25	2527.7	2.90%	-0.19%	3.47% (Aug 2025)	0.82% (Nov 2024)	29.06 L	0.00	Small Cap	33.27
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	5.42	2458.2	2.82%	-0.18%	5.13% (Jun 2025)	2.55% (Dec 2024)	2.66 L	-0.44 L	Small Cap	33.27
Karur Vysya Bank Ltd	Private sector bank	4.74	2353.6	2.70%	0.17%	2.8% (Jul 2025)	1.39% (Dec 2024)	96.80 L	0.00	Small Cap	33.27
InterGlobe Aviation Ltd.	Airline	2.62	2288.8	2.62%	-0.21%	4.57% (Jun 2025)	0% (Nov 2024)	4.07 L	0.00	Large Cap	2.62
BSE Ltd.	Exchange and data platform	5.42	2270.9	2.60%	0.28%	3.59% (May 2025)	2.13% (Nov 2024)	9.16 L	0.00	Small Cap	33.27
Amber Enterprises India Ltd.	Household appliances	2.52	2195.4	2.52%	0.62%	2.52% (Oct 2025)	0% (Nov 2024)	2.73 L	84.42 k	Small Cap	33.27
Delhivery Ltd.	Logistics solution provider	2.47	2151.1	2.47%	-0.11%	2.8% (Aug 2025)	0% (Nov 2024)	46.16 L	0.00	Other	48.39
Aditya Infotech Ltd.	Industrial products	3.64	2118.3	2.43%	-0.16%	2.59% (Sep 2025)	0% (Nov 2024)	16.12 L	32.17 k	Other	48.39
Cholamandalam Financial Holdings Ltd.	Investment company	4.69	2071.6	2.38%	-0.15%	3.16% (Jun 2025)	0% (Nov 2024)	10.83 L	0.00	Small Cap	33.27
Global Health Ltd.	Hospital	10.24	2070.6	2.37%	-0.21%	2.9% (Apr 2025)	1.6% (Dec 2024)	15.79 L	0.00	Other	48.39
L&T Finance Holdings Ltd.	Investment company	4.69	2013.9	2.31%	0.01%	2.31% (Oct 2025)	0% (Nov 2024)	74.45 L	0.00	Mid Cap	13.05
# Wework India Management Ltd.	Diversified commercial services	2.28	1991	2.28%	2.28%	2.28% (Oct 2025)	0% (Nov 2024)	30.84 L	30.84 L	Other	48.39
Aditya Birla Real Estate Ltd.	Paper & paper products	2.25	1958.2	2.25%	0.06%	3.65% (Nov 2024)	2.19% (Sep 2025)	10.43 L	0.00	Mid Cap	13.05
Brigade Enterprises Ltd.	Residential, commercial projects	3.3	1881.1	2.16%	0.14%	2.17% (Aug 2025)	1.08% (Mar 2025)	18.13 L	0.00	Small Cap	33.27
Ather Energy Ltd.	2/3 wheelers	2.13	1861	2.13%	0.24%	2.13% (Oct 2025)	0% (Nov 2024)	26.90 L	0.00	Other	48.39
Federal Bank Ltd.	Private sector bank	4.74	1774.7	2.04%	0.81%	2.04% (Oct 2025)	0% (Nov 2024)	75.00 L	23.48 L	Mid Cap	13.05
Trent Limited	Speciality retail	1.93	1686	1.93%	0.60%	1.93% (Oct 2025)	0% (Nov 2024)	3.59 L	1.31 L	Mid Cap	13.05
Sonata Software Ltd.	Computers - software & consulting	4.28	1599.8	1.83%	-0.03%	1.98% (Apr 2025)	0% (Nov 2024)	43.25 L	0.00	Small Cap	33.27
GO Digit General Insurance Ltd.	General insurance	1.8	1572.6	1.80%	-0.08%	2.14% (Jul 2025)	0% (Nov 2024)	43.85 L	0.00	Other	48.39
# Au Small Finance Bank Ltd.	Other bank	1.65	1437.3	1.65%	1.65%	1.65% (Oct 2025)	0% (Nov 2024)	16.37 L	16.37 L	Mid Cap	13.05
# BEML Ltd.	Construction vehicles	1.54	1341.9	1.54%	0.00%	1.89% (May 2025)	1.39% (Feb 2025)	3.05 L	0.00	Small Cap	33.27
Zensar Technologies Ltd.	Computers - software & consulting	4.28	1333.5	1.53%	0.14%	1.56% (Jul 2025)	0% (Nov 2024)	16.72 L	2.05 L	Small Cap	33.27
Craftsman Automation Ltd.	Auto components & equipments	2.89	1314	1.51%	0.17%	1.51% (Oct 2025)	0.84% (Jan 2025)	1.97 L	37.75 k	Other	48.39
Dr. Agarwals Health Care Ltd.	Hospital	10.24	1277.5	1.46%	-0.13%	1.59% (Sep 2025)	0% (Nov 2024)	25.23 L	0.00	Other	48.39
SBFC Finance Ltd.	Non banking financial company (nbfc)	1.45	1265.8	1.45%	0.12%	1.45% (Oct 2025)	0% (Nov 2024)	1.11 Cr	10.00 L	Other	48.39
360 ONE WAM Ltd.	Other financial services	1.43	1251.2	1.43%	-0.20%	2.94% (Dec 2024)	1.43% (Oct 2025)	11.58 L	-1.25 L	Other	48.39
Anand Rathi Wealth Services Ltd.	Financial products distributor	1.41	1231.6	1.41%	0.01%	1.49% (Feb 2025)	1.09% (Apr 2025)	3.99 L	0.00	Other	48.39
WABCO India Ltd.	Auto components & equipments	2.89	1203.3	1.38%	-0.01%	1.39% (Sep 2025)	0.83% (Jul 2025)	96.85 k	10.00 k	Mid Cap	13.05
Schloss Bangalore Ltd.	Hotels & resorts	1.37	1196.8	1.37%	-0.04%	1.51% (Jul 2025)	0% (Nov 2024)	27.59 L	0.00	Other	48.39
Apollo Hospitals Enterprises Ltd.	Hospital	10.24	1163	1.33%	-0.06%	1.5% (Jul 2025)	0% (Nov 2024)	1.51 L	0.00	Mid Cap	13.05
Eternal Ltd.	E-retail/ e-commerce	5.44	1159.1	1.33%	-0.14%	1.47% (Sep 2025)	0% (Nov 2024)	36.48 L	0.00	Other	48.39
Ethos Ltd.	Gems, jewellery and watches	1.26	1095.9	1.26%	0.07%	1.6% (Feb 2025)	1.11% (Aug 2025)	3.78 L	0.00	Other	48.39
Mrs.Bectors Food Specialities Ltd.	Packaged foods	1.24	1085	1.24%	-0.02%	2.3% (Mar 2025)	1.24% (Oct 2025)	8.10 L	0.00	Other	48.39
Jyoti CNC Automation Ltd.	Industrial products	3.64	1056.1	1.21%	-0.08%	2.48% (Dec 2024)	1.21% (Oct 2025)	12.22 L	0.00	Other	48.39
Apar Industries Ltd.	Other electrical equipment	1.17	1021.6	1.17%	-0.03%	1.4% (May 2025)	0.58% (Mar 2025)	1.18 L	0.00	Small Cap	33.27
Angel One Ltd.	Stockbroking & allied	1.17	1017.5	1.17%	0.09%	1.83% (Nov 2024)	0.75% (Mar 2025)	4.08 L	0.00	Other	48.39
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	1.12	974.5	1.12%	0.01%	2.2% (Jan 2025)	1.11% (Sep 2025)	6.14 L	0.00	Small Cap	33.27
Triveni Turbine Ltd.	Heavy electrical equipment	1.1	961.1	1.10%	-0.06%	2.05% (Nov 2024)	1.1% (Oct 2025)	17.95 L	0.00	Small Cap	33.27
CreditAccess Grameen Ltd.	Microfinance institutions	1.05	920	1.05%	-0.04%	1.17% (Aug 2025)	0.76% (Dec 2024)	6.46 L	0.00	Small Cap	33.27
Safari Industries (India) Ltd.	Plastic products - consumer	1.05	919.5	1.05%	-0.12%	1.49% (Nov 2024)	1.05% (Oct 2025)	4.31 L	0.00	Small Cap	33.27
Afcons Infrastructure Ltd.	Civil construction	0.93	815.3	0.93%	-0.10%	1.49% (Mar 2025)	0.93% (Oct 2025)	18.20 L	0.00	Other	48.39
Hexaware Technologies Ltd.	Computers - software & consulting	4.28	803.6	0.92%	-0.05%	1.34% (Jun 2025)	0% (Nov 2024)	11.69 L	0.00	Other	48.39
Home First Finance Company India Ltd.	Housing finance company	0.92	803.5	0.92%	-0.09%	1.33% (Apr 2025)	0.92% (Oct 2025)	6.72 L	0.00	Other	48.39
- Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.31	770.6	0.88%	0.00%	1.02% (May 2025)	0.75% (Nov 2024)	7.71 L	0.00	Small Cap	33.27
Wockhardt Ltd.	Pharmaceuticals	1.78	737	0.85%	-0.54%	1.77% (Mar 2025)	0.85% (Oct 2025)	5.75 L	-1.64 L	Small Cap	33.27
Carborundum Universal Ltd.	Abrasives & bearings	1.51	688.2	0.79%	-0.09%	1.26% (Apr 2025)	0% (Nov 2024)	7.64 L	0.00	Small Cap	33.27
- Phoenix Mills Ltd.	Residential, commercial projects	3.3	684.7	0.79%	0.00%	0.83% (Feb 2025)	0.6% (Jun 2025)	4.07 L	0.00	Small Cap	33.27
# Timken India Ltd.	Abrasives & bearings	1.51	627.9	0.72%	0.72%	0.72% (Oct 2025)	0% (Nov 2024)	2.00 L	2.00 L	Small Cap	33.27
Innova Captab Ltd.	Petrochemicals	5.8	523.6	0.60%	-0.07%	1.08% (Dec 2024)	0.6% (Oct 2025)	6.30 L	0.00	Other	48.39
Concord Biotech Ltd.	Pharmaceuticals	1.78	476.7	0.55%	-0.13%	1.19% (Jan 2025)	0.55% (Oct 2025)	3.30 L	0.00	Other	48.39
Ingersoll Rand (india) Ltd.	Compressors, pumps & diesel engines	1.31	365.2	0.42%	-0.05%	0.72% (Nov 2024)	0.42% (Oct 2025)	95.57 k	0.00	Small Cap	33.27
Trualt Bioenergy Ltd.	Other agricultural products	0.38	334.1	0.38%	0.07%	0.38% (Oct 2025)	0% (Nov 2024)	7.49 L	2.45 L	Other	48.39
Orchid Pharma Ltd.	Pharmaceuticals	1.78	330.6	0.38%	-0.02%	1.02% (Dec 2024)	0.38% (Oct 2025)	4.55 L	0.00	Other	48.39
Neogen Chemicals Ltd.	Specialty chemicals	0.63	321	0.37%	-0.04%	0.73% (Dec 2024)	0.37% (Oct 2025)	2.23 L	0.00	Other	48.39
Birla Corporation Ltd.	Cement & cement products	3.25	308.5	0.35%	-0.05%	0.53% (May 2025)	0.35% (Oct 2025)	2.62 L	0.00	Small Cap	33.27
Max Estates Ltd.	Residential, commercial projects	3.3	304.4	0.35%	-0.03%	0.38% (Sep 2025)	0% (Nov 2024)	6.50 L	0.00	Other	48.39
Aether Industries Ltd.	Specialty chemicals	0.63	228.7	0.26%	-0.02%	0.48% (Feb 2025)	0.26% (Oct 2025)	3.03 L	0.00	Other	48.39
Nippon Life India Asset Management Ltd.	Asset management company	0.16	136.2	0.16%	-0.01%	0.17% (Sep 2025)	0% (Nov 2024)	1.56 L	0.00	Mid Cap	13.05
Brainbees Solutions Ltd.	E-retail/ e-commerce	5.44	36.4	0.04%	-0.01%	0.06% (Apr 2025)	0% (Nov 2024)	1.05 L	0.00	Other	48.39
Vishal Mega Mart Ltd.	Diversified retail	0.01	6.8	0.01%	-1.90%	2.51% (Aug 2025)	0% (Nov 2024)	47.02 k	-1.03 Cr	Other	48.39
- KSB Ltd.	Compressors, pumps & diesel engines	1.31	6.3	0.01%	0.00%	0.01% (Sep 2025)	0% (Nov 2024)	7.95 k	0.00	Other	48.39
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	1.78	750.3	0.00%	-0.93%	-	-	-	-	Other	48.39
Entero Healthcare Solutions Ltd.	Pharmacy retail		58.8	0.00%	-0.07%	-	-	-	-	Other	48.39
Awfis Space Solutions Ltd.	Diversified commercial services	2.28	511.5	0.00%	-0.63%	-	-	-	-	Other	48.39
Rolex Rings Private Ltd.	Auto components & equipments	2.89	224.7	0.00%	-0.28%	-	-	-	-	Other	48.39
Ratnamani Metals & Tubes Ltd.	Iron & steel products		445.9	0.00%	-0.55%	-	-	-	-	Small Cap	33.27
Kaynes Technology India Private Ltd.	Industrial products	3.64	1716.1	0.00%	-2.13%	-	-	-	-	Other	48.39
Birlasoft Ltd.	Computers - software & consulting	4.28	425.1	0.00%	-0.53%	-	-	-	-	Small Cap	33.27

- 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
# Wework India Management Ltd.	Diversified commercial services	1991	2.28%	2.28%	2.28% (Oct 2025)	0% (Nov 2024)	30.84 L	3084419
# Au Small Finance Bank Ltd.	Other bank	1437.3	1.65%	1.65%	1.65% (Oct 2025)	0% (Nov 2024)	16.37 L	1637265
# Timken India Ltd.	Abrasives & bearings	627.9	0.72%	0.72%	0.72% (Oct 2025)	0% (Nov 2024)	2.00 L	199703

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	1M Change in Qty
J.b. Chemicals & Pharmaceuticals Ltd.	Pharmaceuticals	750.3	0.00%	-0.93%	1.23% (Feb 2025)	0% (Nov 2024)	-438823
Entero Healthcare Solutions Ltd.	Pharmacy retail	58.8	0.00%	-0.07%	1.05% (Feb 2025)	0% (Nov 2024)	-52774
Awfis Space Solutions Ltd.	Diversified commercial services	511.5	0.00%	-0.63%	1.1% (Feb 2025)	0% (Nov 2024)	-897688
Rolex Rings Private Ltd.	Auto components & equipments	224.7	0.00%	-0.28%	0.6% (Nov 2024)	0% (Nov 2024)	-173645
Ratnamani Metals & Tubes Ltd.	Iron & steel products	445.9	0.00%	-0.55%	0.93% (Nov 2024)	0% (Nov 2024)	-184976
Kaynes Technology India Private Ltd.	Industrial products	1716.1	0.00%	-2.13%	2.13% (Sep 2025)	0% (Nov 2024)	-243343
Birlasoft Ltd.	Computers - software & consulting	425.1	0.00%	-0.53%	0.96% (Feb 2025)	0% (Nov 2024)	-1204388

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
Aditya Birla Real Estate Ltd.	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%	3.66%
Multi Commodity Exchange Of India Ltd.	2.82%	3.00%	3.30%	3.50%	5.13%	4.12%	4.21%	3.80%	3.80%	3.46%	2.55%	2.66%	2.63%
InterGlobe Aviation Ltd.	2.62%	2.83%	2.98%	3.03%	4.57%	4.44%	-	-	-	-	-	-	-
Krishna Institute of Medical Sciences Ltd.	5.08%	4.20%	4.54%	4.06%	3.08%	3.41%	2.93%	2.81%	2.53%	2.66%	2.41%	2.02%	2.04%
Kalyan Jewellers India Ltd.	-	-	-	-	-	-	-	-	-	-	3.17%	3.24%	3.20%
Sai Life Sciences Ltd.	5.20%	5.28%	5.28%	4.13%	2.99%	1.95%	1.97%	1.71%	1.72%	1.40%	0.90%	-	-
BSE Ltd.	2.60%	2.32%	2.49%	2.93%	3.42%	3.59%	3.13%	2.81%	2.59%	2.39%	2.25%	2.13%	2.22%
Cholamandalam Financial Holdings Ltd.	2.38%	2.53%	2.42%	2.70%	3.16%	2.96%	2.44%	-	-	-	-	-	-
Delhivery Ltd.	2.47%	2.58%	2.80%	2.07%	-	-	-	-	-	-	-	-	-
Global Health Ltd.	2.37%	2.58%	2.81%	2.73%	2.42%	2.68%	2.90%	2.49%	2.46%	1.80%	1.60%	1.72%	1.94%
Aditya Infotech Ltd.	2.43%	2.59%	1.89%	-	-	-	-	-	-	-	-	-	-
Wework India Management Ltd.	2.28%	-	-	-	-	-	-	-	-	-	-	-	-
Swiggy Ltd.	4.07%	3.51%	3.23%	3.24%	3.28%	2.97%	1.86%	1.22%	1.37%	1.26%	0.99%	0.29%	-
360 ONE WAM Ltd.	1.43%	1.63%	1.69%	1.78%	2.40%	2.18%	2.37%	2.36%	2.77%	2.52%	2.94%	2.68%	2.71%