Invesco India Small Cap Fund Direct Growth NAV at ₹54.23 on 21 September; Three-Year CAGR at 23.66%

Key Takeaways:

• Invesco India Small Cap Fund Direct Growth NAV increased 0.11% to ₹54.23 on 21 September 2026. 
• The fund recorded a one-year return of 14.10%, a three-year CAGR of 23.66% and a five-year CAGR of 20.57%. 
• TREPS and the four largest disclosed equity holdings together represented 22.61% of the portfolio. 

Invesco India Small Cap Fund Direct Growth rose 0.11% to ₹54.23 on 21 September 2026. The fund managed approximately ₹15,744 crore, and its Direct Growth expense ratio was 0.63%. The minimum SIP and minimum lump-sum amounts were both listed at ₹100. 

Historical returns were stronger over the longer windows shown. The one-year figure stood at 14.10%, compared with a three-year CAGR of 23.66% and a five-year CAGR of 20.57%. The three-year annualised return was 3.09 percentage points above the five-year figure and 9.56 percentage points higher than the latest one-year return. 

TREPS was the largest disclosed portfolio entry at 5.19% and should be separated from equity holdings. Sai Life Sciences was the largest listed stock at 5.04%, followed by Eternal at 4.60%, Amber Enterprises at 4.00% and Aditya Infotech at 3.78%. Including TREPS, those five entries represented 22.61%, leaving 77.39% across the remainder. 

Risk statistics included alpha of 16.79, standard deviation of 5.65, beta of 1.10 and a Sharpe ratio of 0.94. These are historical measures based on the applicable observation period. The beta, for instance, describes past relative sensitivity rather than predicting the next change in the fund's NAV. 

The fund invests predominantly in small-cap companies. Its disclosed exit-load rules allow up to the specified 10% unit threshold to be redeemed without load within one year; qualifying redemptions above that threshold attract 1%, with no exit load after one year. The 21 September snapshot therefore combines a modest daily NAV movement with substantially different longer-term trailing-return figures. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.