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Sectoral / Thematic · Invesco Mutual Fund · AMFI code 153288Invesco India Business Cycle Fund
Disclosed for 9 months, Jan 2026 to Sep 2026.Published as: Invesco India Business Cycle Fund (An open ended equity scheme investing in business cycles based theme)
Portfolio value
₹1,381 Cr
up ₹84.3 Cr vs Jul 2026
- Stocks held
- 36
- unchanged
- Top 10 weight
- 44.0%
- of the portfolio in its ten largest
- Cash & debt
- 5.4%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 9
Invesco India Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Invesco Mutual Fund. In August 2026 it disclosed 36 stocks worth ₹1,381 Cr, up ₹84.3 Cr from Jul 2026. Its largest positions were Kotak Mahindra Bank Limited (5.7%), Sai Life Sciences Limited (5.0%), Larsen & Toubro Limited (4.7%); the ten largest together made up 44.0% of the portfolio, and Banks was the biggest sector at 21.8% of its equity. Cash and debt stood at 5.4%. Compared with Jul 2026 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
44%
Top-10 weight is higher than 44% of peers
Breadth
32%
Holds more stocks than 32% of peers
Cash
74%
Holds more cash than 74% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Kotak Mahindra Bank Limited | 5.66% | up 0.05 pts | ₹78.2 Cr | up ₹5.4 Cr | Added |
| Cash, TREPS & receivables | 5.37% | up 0.17 pts | ₹74.2 Cr | up ₹6.7 Cr | Added |
| Sai Life Sciences Limited | 5.00% | up 0.20 pts | ₹69.1 Cr | up ₹6.8 Cr | Added |
| Larsen & Toubro Limited | 4.74% | down 0.18 pts | ₹65.4 Cr | up ₹1.7 Cr | Added |
| Aditya Infotech Limited | 4.64% | down 0.06 pts | ₹64.1 Cr | up ₹3.1 Cr | Added |
| DLF Limited | 4.54% | up 0.59 pts | ₹62.6 Cr | up ₹11.4 Cr | Added |
| InterGlobe Aviation Limited | 4.41% | down 0.23 pts | ₹60.9 Cr | up ₹73 L | Added |
| Prestige Estates Projects Limited | 3.93% | down 0.21 pts | ₹54.3 Cr | up ₹56 L | Added |
| Apollo Hospitals Enterprise Limited | 3.88% | up 2.68 pts | ₹53.6 Cr | up ₹38.1 Cr | Added |
| Eternal Limited | 3.59% | up 0.07 pts | ₹49.5 Cr | up ₹3.9 Cr | Added |
| Axis Bank Limited | 3.57% | up 0.56 pts | ₹49.4 Cr | up ₹10.3 Cr | Added |
| Max Healthcare Institute Limited | 3.33% | down 0.41 pts | ₹46 Cr | down ₹2.5 Cr | Trimmed |
| BSE Limited | 3.24% | down 0.59 pts | ₹44.8 Cr | down ₹5 Cr | Trimmed |
| The Federal Bank Limited | 3.24% | down 0.23 pts | ₹44.7 Cr | down ₹27 L | Trimmed |
| Trent Limited | 3.20% | down 0.36 pts | ₹44.2 Cr | down ₹1.9 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 3.19% | down 0.19 pts | ₹44.1 Cr | up ₹18 L | Held |
| Amber Enterprises India Limited | 3.10% | down 0.12 pts | ₹42.7 Cr | up ₹1 Cr | Added |
| AU Small Finance Bank Limited | 3.06% | down 0.08 pts | ₹42.3 Cr | up ₹1.5 Cr | Added |
| IndusInd Bank Limited | 2.94% | down 0.18 pts | ₹40.6 Cr | up ₹17 L | Held |
| L&T Finance Limited | 2.79% | down 0.09 pts | ₹38.5 Cr | up ₹1.2 Cr | Added |
| Wework India Management Limited | 2.65% | down 0.41 pts | ₹36.5 Cr | down ₹3.1 Cr | Trimmed |
| Global Health Limited | 2.36% | down 0.03 pts | ₹32.6 Cr | up ₹1.6 Cr | Added |
| RBL Bank Limited | 2.12% | down 0.11 pts | ₹29.3 Cr | up ₹37 L | Added |
| Krishna Institute Of Medical Sciences Limited | 2.10% | down 0.28 pts | ₹29 Cr | down ₹1.9 Cr | Trimmed |
| JK Cement Limited | 1.79% | down 0.23 pts | ₹24.7 Cr | down ₹1.5 Cr | Trimmed |
| Sonata Software Limited | 1.62% | down 0.28 pts | ₹22.4 Cr | down ₹2.3 Cr | Trimmed |
| HDFC Asset Management Company Limited | 1.57% | down 0.10 pts | ₹21.7 Cr | up ₹5 L | Held |
| The Indian Hotels Company Limited | 1.53% | down 0.10 pts | ₹21.1 Cr | down ₹2 L | Held |
| Max Estates Limited | 1.47% | up 0.27 pts | ₹20.2 Cr | up ₹4.7 Cr | Added |
| Glenmark Pharmaceuticals Limited | 1.38% | up 0.06 pts | ₹19.1 Cr | up ₹1.9 Cr | Added |
| Dixon Technologies (India) Limited | 0.97% | down 0.01 pts | ₹13.4 Cr | up ₹72 L | Added |
| The Phoenix Mills Limited | 0.92% | down 0.06 pts | ₹12.7 Cr | up ₹5 L | Held |
| Timken India Limited | 0.50% | down 0.03 pts | ₹6.9 Cr | up ₹1 L | Held |
| Grindwell Norton Ltd. | 0.48% | down 0.06 pts | ₹6.6 Cr | down ₹32 L | Trimmed |
| Ethos Ltd. | 0.42% | up 0.02 pts | ₹5.8 Cr | up ₹64 L | Added |
| Carborundum Universal Limited | 0.35% | down 0.01 pts | ₹4.9 Cr | up ₹19 L | Added |
| Bansal Wire Industries Limited | 0.34% | down 0.02 pts | ₹4.7 Cr | up ₹3 L | Added |
What changed, Jul 2026 to Aug 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Apollo Hospitals Enterprise Limitedup ₹38.1 Cr (+2.68% pts)
- DLF Limitedup ₹11.4 Cr (+0.59% pts)
- Axis Bank Limitedup ₹10.3 Cr (+0.56% pts)
- Sai Life Sciences Limitedup ₹6.8 Cr (+0.20% pts)
- Kotak Mahindra Bank Limitedup ₹5.4 Cr (+0.05% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Healthcare Services (+2.1 pts) and Realty (+0.6 pts), and fell most in Capital Markets (−0.7 pts) and Commercial Services & Supplies (−0.4 pts).
- Healthcare Services10.2% → 12.3%+2.1 pts
- Realty10.8% → 11.5%+0.6 pts
- Pharmaceuticals & Biotechnology6.5% → 6.7%+0.3 pts
- Capital Markets5.8% → 5.1%−0.7 pts
- Commercial Services & Supplies3.2% → 2.8%−0.4 pts
- IT - Software2.0% → 1.7%−0.3 pts
- Retailing7.5% → 7.2%−0.3 pts
- Finance6.6% → 6.3%−0.3 pts
- Cement & Cement Products2.1% → 1.9%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Feb 2026 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|
| Banks | 14.7% | 18.1% | 21.7% | 21.8% |
| Healthcare Services | 15.5% | 12.2% | 10.2% | 12.3% |
| Realty | 7.8% | 7.2% | 10.8% | 11.5% |
| Retailing | 12.1% | 10.7% | 7.5% | 7.2% |
| Pharmaceuticals & Biotechnology | 6.8% | 6.9% | 6.5% | 6.7% |
| Finance | 8.0% | 6.8% | 6.6% | 6.3% |
| Capital Markets | 6.3% | 7.5% | 5.8% | 5.1% |
| Construction | — | — | 5.2% | 5.0% |
| Industrial Manufacturing | 4.3% | 6.6% | 5.0% | 4.9% |
| Consumer Durables | 6.3% | 5.5% | 4.8% | 4.7% |
Allocation in Aug 2026change vs Jul 2026
- Banks (6)21.8%▲ 0.1 pts
- Healthcare Services (4)12.3%▲ 2.1 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Aug 2026
5.4%
▲ 0.2 pts vs Jul 2026
- Cash alone
- 5.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.6% – 5.4%
- lowest to highest · record 5.4% in Aug 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.