What stocks does Invesco India Business Cycle Fund hold?

Invesco India Business Cycle Fund holds a portfolio of Indian equity stocks disclosed monthly by Invesco Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Invesco India Business Cycle Fund?

Invesco India Business Cycle Fund is managed by Invesco Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Invesco India Business Cycle Fund?

Invesco India Business Cycle Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Invesco India Business Cycle Fund portfolio data updated?

Portfolio holdings for Invesco India Business Cycle Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

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Invesco India Business Cycle Fund - Direct Plan - Growth

Equity Data as of Oct 2026 Comparing Sep 2026 → Oct 2026

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Stocks Held

Oct 2026

Equity Holdings

₹1,404.68 Cr

Equity only, excl. debt & cash

AAUM

₹1,322.32 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

32.2%

Moderate

Top 10 Weight

52.3%

Moderate

Changes

3 new · 3 exits

Top Sector

Banks

21.2% of portfolio

Launch Date

06 Feb 2025

1 years old

AAUM (Average Assets Under Management) of ₹1,322.32 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Invesco India Business Cycle Fund made 3 new additions and exited 3 stocks this month. The biggest new buy was Sahajanand Medical Technologies Limited (Healthcare Equipment & Supplies) at 2.62% weight. Sonata Software Limited was the biggest exit (IT - Software), which was held at 1.44%. Among existing holdings, Apollo Hospitals Enterprise Limited saw the biggest increase — now at 7.93% of the portfolio. Larsen & Toubro Limited was trimmed the most, now at 4.11%. Apollo Hospitals Enterprise Limited remains the top holding with Banks the dominant sector at 21.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Invesco India Business Cycle Fund - Direct Plan - Growth

+11.15%

+6.90%

+20.57%

+20.29%

Latest NAV

₹15.65

13 Nov 2026

52W High

₹15.66

-0% from High

52W Low

₹11.12

+41% from Low

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

15.9%

+ve in 100% windows

30.6% / 4.3%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-6.5%

Rec: Apr 2025 (< 1 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹15.65 13 Nov 2026

Simple Moving Avg: Click to draw · click again to remove

Invesco India Business Cycle Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹15.65

Sector Shift Industry allocation month-over-month

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	20.6%	20.4%	▼ -0.2%
Healthcare Services	11.7%	13.3%	▲ +1.6%
Realty	10.9%	11.8%	▲ +1.0%
Pharmaceuticals & Biotechnology	6.4%	6.6%	▲ +0.2%
Retailing	6.8%	6.5%	▼ -0.3%
Finance	6.0%	5.1%	▼ -0.9%
Industrial Manufacturing	4.6%	5.0%	▲ +0.4%
Construction	4.7%	4.7%	● 0.0%
Capital Markets	4.8%	4.5%	▼ -0.4%
Transport Services	4.4%	4.2%	▼ -0.2%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	20.4%	21.2%	▲ +0.8%
Healthcare Services	13.3%	17.0%	▲ +3.7%
Realty	11.8%	11.4%	▼ -0.5%
Retailing	6.5%	7.0%	▲ +0.5%
Pharmaceuticals & Biotechnology	6.6%	6.5%	● -0.1%
Industrial Manufacturing	5.0%	4.9%	▼ -0.2%
Capital Markets	4.5%	4.8%	▲ +0.3%
Finance	5.1%	4.8%	▼ -0.4%
Construction	4.7%	4.1%	▼ -0.6%
Transport Services	4.2%	4.0%	▼ -0.2%

🟢

Biggest New Buy

Sahajanand Medical Technologies Limited

2.62% weight · Healthcare Equipment & Supplies

🔴

Biggest Exit

Sonata Software Limited

1.44% was held · IT - Software

↑

Biggest Add

Apollo Hospitals Enterprise Limited

+1.94% · now 7.93%

↓

Biggest Trim

Larsen & Toubro Limited

-0.59% · now 4.11%

🤝 Other funds also bought this month

Aster DM Healthcare Limited 18 funds

Bansal Wire Industries Ltd. 16 funds

Sahajanand Medical Technologies Limited 9 funds

👋 Other funds also exited

Dixon Technologies (India) Limited 33 funds

Bansal Wire Industries Limited 15 funds

Sonata Software Limited 10 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 3 New Entries 🔴 3 Exits ↑ 8 Increased ↓ 24 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	Sahajanand Medical Technologies Limited ₹37.02 Cr	Healthcare Equipment & Supplies	2.62%
2	Aster DM Healthcare Limited ₹34.77 Cr	Healthcare Services	2.46%
3	Bansal Wire Industries Ltd. ₹4.27 Cr	Industrial Products	0.30%

#	Stock	Sector	Last Weight (Sep 2026)
1	Sonata Software Limited ₹19.79 Cr	IT - Software	1.44%
2	Dixon Technologies (India) Limited ₹11.85 Cr	Consumer Durables	0.86%
3	Bansal Wire Industries Limited ₹4.81 Cr	Industrial Products	0.35%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Apollo Hospitals Enterprise Limited ₹111.87 Cr	Healthcare Services	5.99%	7.93%	+1.94%
2	Kotak Mahindra Bank Limited ₹107.92 Cr	Banks	6.03%	7.65%	+1.62%
3	Trent Limited ₹46.34 Cr	Retailing	2.93%	3.29%	+0.36%
4	BSE Limited ₹47.87 Cr	Capital Markets	3.07%	3.39%	+0.32%
5	The Indian Hotels Company Limited ₹38.32 Cr	Leisure Services	2.50%	2.72%	+0.22%
6	Eternal Limited ₹51.90 Cr	Retailing	3.52%	3.68%	+0.16%
7	The Federal Bank Limited ₹42.56 Cr	Banks	2.90%	3.02%	+0.12%
8	Amber Enterprises India Limited ₹39.86 Cr	Consumer Durables	2.73%	2.83%	+0.10%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Larsen & Toubro Limited ₹57.98 Cr	Construction	4.70%	4.11%	-0.59%
2	AU Small Finance Bank Limited ₹33.64 Cr	Banks	2.86%	2.39%	-0.47%
3	Max Healthcare Institute Limited ₹37.97 Cr	Healthcare Services	2.99%	2.69%	-0.30%
4	Max Estates Limited ₹20.04 Cr	Realty	1.69%	1.42%	-0.27%
5	IndusInd Bank Limited ₹33.49 Cr	Banks	2.62%	2.37%	-0.25%
6	L&T Finance Limited ₹29.30 Cr	Finance	2.31%	2.08%	-0.23%
7	Axis Bank Limited ₹81.78 Cr	Banks	6.00%	5.80%	-0.20%
8	InterGlobe Aviation Limited ₹56.75 Cr	Transport Services	4.22%	4.02%	-0.20%
9	Global Health Limited ₹28.00 Cr	Healthcare Services	2.19%	1.99%	-0.20%
10	Krishna Institute Of Medical Sciences Limited ₹26.90 Cr	Healthcare Services	2.08%	1.91%	-0.17%
11	Wework India Management Limited ₹33.89 Cr	Commercial Services & Supplies	2.57%	2.40%	-0.17%
12	Aditya Infotech Limited ₹68.50 Cr	Industrial Manufacturing	5.03%	4.86%	-0.17%
13	Prestige Estates Projects Limited ₹48.36 Cr	Realty	3.59%	3.43%	-0.16%
14	JK Cement Limited ₹23.05 Cr	Cement & Cement Products	1.78%	1.63%	-0.15%
15	Cholamandalam Investment and Finance Company Ltd ₹37.64 Cr	Finance	2.80%	2.67%	-0.13%
16	Carborundum Universal Limited ₹4.54 Cr	Industrial Products	0.40%	0.32%	-0.08%
17	Glenmark Pharmaceuticals Limited ₹17.67 Cr	Pharmaceuticals & Biotechnology	1.31%	1.25%	-0.06%
18	Timken India Limited ₹6.26 Cr	Industrial Products	0.50%	0.44%	-0.06%
19	Grindwell Norton Limited ₹6.11 Cr	Industrial Products	0.47%	0.43%	-0.04%
20	Sai Life Sciences Limited ₹73.68 Cr	Pharmaceuticals & Biotechnology	5.25%	5.22%	-0.03%
21	HDFC Asset Management Company Limited ₹19.15 Cr	Capital Markets	1.38%	1.36%	-0.02%
22	ETHOS LIMITED ₹4.98 Cr	Consumer Durables	0.37%	0.35%	-0.02%
23	DLF Limited ₹79.18 Cr	Realty	5.62%	5.61%	-0.01%
24	The Phoenix Mills Limited ₹13.13 Cr	Realty	0.94%	0.93%	-0.01%

What Stocks Does This Fund Hold?

35 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	Apollo Hospitals Enterprise Limited ₹111.87 Cr	Healthcare Services	7.93%
2	Kotak Mahindra Bank Limited ₹107.92 Cr	Banks	7.65%
3	Axis Bank Limited ₹81.78 Cr	Banks	5.80%
4	DLF Limited ₹79.18 Cr	Realty	5.61%
5	Sai Life Sciences Limited ₹73.68 Cr	Pharmaceuticals & Biotechnology	5.22%
6	Aditya Infotech Limited ₹68.50 Cr	Industrial Manufacturing	4.86%
7	Larsen & Toubro Limited ₹57.98 Cr	Construction	4.11%
8	InterGlobe Aviation Limited ₹56.75 Cr	Transport Services	4.02%
9	Eternal Limited ₹51.90 Cr	Retailing	3.68%
10	Prestige Estates Projects Limited ₹48.36 Cr	Realty	3.43%
11	BSE Limited ₹47.87 Cr	Capital Markets	3.39%
12	Trent Limited ₹46.34 Cr	Retailing	3.29%
13	The Federal Bank Limited ₹42.56 Cr	Banks	3.02%
14	Amber Enterprises India Limited ₹39.86 Cr	Consumer Durables	2.83%
15	The Indian Hotels Company Limited ₹38.32 Cr	Leisure Services	2.72%
16	Max Healthcare Institute Limited ₹37.97 Cr	Healthcare Services	2.69%
17	Cholamandalam Investment and Finance Company Ltd ₹37.64 Cr	Finance	2.67%
18	Sahajanand Medical Technologies Limited ₹37.02 Cr	Healthcare Equipment & Supplies	2.62%
19	Aster DM Healthcare Limited ₹34.77 Cr	Healthcare Services	2.46%
20	Wework India Management Limited ₹33.89 Cr	Commercial Services & Supplies	2.40%
21	AU Small Finance Bank Limited ₹33.64 Cr	Banks	2.39%
22	IndusInd Bank Limited ₹33.49 Cr	Banks	2.37%
23	L&T Finance Limited ₹29.30 Cr	Finance	2.08%
24	Global Health Limited ₹28.00 Cr	Healthcare Services	1.99%
25	Krishna Institute Of Medical Sciences Limited ₹26.90 Cr	Healthcare Services	1.91%
26	JK Cement Limited ₹23.05 Cr	Cement & Cement Products	1.63%
27	Max Estates Limited ₹20.04 Cr	Realty	1.42%
28	HDFC Asset Management Company Limited ₹19.15 Cr	Capital Markets	1.36%
29	Glenmark Pharmaceuticals Limited ₹17.67 Cr	Pharmaceuticals & Biotechnology	1.25%
30	The Phoenix Mills Limited ₹13.13 Cr	Realty	0.93%
31	Timken India Limited ₹6.26 Cr	Industrial Products	0.44%
32	Grindwell Norton Limited ₹6.11 Cr	Industrial Products	0.43%
33	ETHOS LIMITED ₹4.98 Cr	Consumer Durables	0.35%
34	Carborundum Universal Limited ₹4.54 Cr	Industrial Products	0.32%
35	Bansal Wire Industries Ltd. ₹4.27 Cr	Industrial Products	0.30%