Invesco Mutual Fund
Invesco Mutual Fund (Invesco Asset Management India Pvt. Ltd., IAMI) is a SEBI-registered Indian asset manager offering equity, fixed-income, hybrid, ETF, FoF, index and PMS products to retail, NRI and HNI investors, jointly owned since November 2025 by IndusInd Holdings (60%) and Invesco Ltd. (40%) with ~₹1.4 trillion AUM.
- Company typePrivate
- Founded2008
- HeadquartersMumbai, India
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Invesco Mutual Fund does
Invesco Mutual Fund is the mutual fund and portfolio management business operated by Invesco Asset Management (India) Private Limited (IAMI), a SEBI-registered Indian private limited company headquartered in Mumbai. The firm offers open-ended equity funds (large-, mid-, small-cap, focused, flexi, contra, PSU, sector and thematic), fixed-income funds, hybrid and multi-asset funds, exchange-traded funds, fund-of-funds (including international FoFs covering US, Pan-European, global equity income, consumer trends, Nasdaq-100 and gold themes), and index funds, alongside discretionary and non-discretionary Portfolio Management Services (R.I.S.E, DAWN, Caterpillar, Large Cap Core, Challengers). IAMI is also building a dedicated passive investment team, launched its first equity index funds in April 2026, and is pursuing a GIFT City licence and SEBI SIF framework products.
The investment process rests on a proprietary seven-category stock classification framework (Star, Leader, Warrior, Diamond, Frog Prince, Shotgun, Commodities), top-down macro fixed-income research supported by an in-house credit rating model, a mandatory active voting policy across all equity schemes (including passive holdings), and multi-asset dynamic rebalancing. Operating infrastructure is built around paperless Aadhaar e-KYC onboarding, SEBI-validated UPI payment handles, the Invesco Partner App, and registrar/custodian integrations with KFin Technologies, Deutsche Bank, MF Utilities, IIAS (proxy advisor) and HDFC/ICICI UPI partners.
IAMI is jointly owned since November 2025 by IndusInd Holdings (60%) and US-based Invesco Ltd. (NYSE: IVZ, 40%). Revenue is generated through SEBI-regulated Total Expense Ratio (TER)-based management fees on mutual fund AUM, fixed and performance-linked fees on PMS mandates, and ETF/FoF management fees. With average AUM of approximately ₹1.4 trillion in Q1 FY26, IAMI is India's 16th-largest asset manager and is scaling distribution from ~40 cities to 90+ in 2026 with a 150-200 medium-term target, primarily in Tier-II and Tier-III markets via the IndusInd Bank network.
Invesco Mutual Fund firmographics
Firmographics- Name
- Invesco Mutual Fund
- Legal name
- Invesco Asset Management (India) Private Limited
- Website
- https://invescomutualfund.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Invesco Mutual Fund (Invesco Asset Management India Pvt. Ltd., IAMI) is a SEBI-registered Indian asset manager offering equity, fixed-income, hybrid, ETF, FoF, index and PMS products to retail, NRI and HNI investors, jointly owned since November 2025 by IndusInd Holdings (60%) and Invesco Ltd. (40%) with ~₹1.4 trillion AUM.
- Ownership category
- akta.pro rank
Invesco Mutual Fund industry classification
Industry- Product category
- Asset Management (Mutual Funds and Portfolio Management Services)
- NAICS
- Open-End Investment Funds (525910), Miscellaneous Intermediation (52391), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)
- akta.pro secondary industries
- AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE), Private Client/High-Net-Worth Advisory (FSAEAAAN)
Keywords
Where Invesco Mutual Fund is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Invesco Mutual Fund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Mutual Fund Management Fees: Recurring asset-based management fees earned on Assets Under Management across equity, fixed income, hybrid, fund of funds, ETF and index fund categories. SEBI-regulated Total Expense Ratio (TER) disclosed per scheme.
- Portfolio Management Services (PMS) Fees: Combination of fixed management fee plus performance-linked management fee on discretionary, non-discretionary and advisory PMS mandates for HNI clients (R.I.S.E, DAWN, Caterpillar, Large Cap Core, Challengers portfolios).
- ETF/Index Fund Management & Pass-through Fees: Low-cost passive product revenue from newly launched BSE Sensex Index Fund, Nifty Bank Index Fund, Invesco India Gold ETF, Invesco EQQQ Nasdaq-100 ETF FoF and other international FoFs. Minimum lump-sum Rs 100, no exit load on new index funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Index Funds - Invesco India BSE Sensex Index Fund & Invesco India Nifty Bank Index Fund |
| Outcome Based/ Performance | Annual | PMS - Invesco India R.I.S.E, DAWN, Caterpillar, Large Cap Core, Challengers Portfolios |
| Other | Annual | Invesco India Mid Cap Fund |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels8 records
Invesco Mutual Fund product offering
Product offeringCore offering
Invesco Mutual Fund is a SEBI-registered asset manager (IAMI) offering open-ended and closed-ended mutual fund schemes across equity, fixed income, hybrid, fund of funds, ETF and index fund categories, alongside discretionary and non-discretionary Portfolio Management Services for HNI clients. Investors can transact directly via a paperless online portal (invest.invescomutualfund.com), through a pan-India distributor network scaled by the Invesco Partner App, or via PMS Relationship Managers, with KYC, registrar and custodial services delivered through KFin Technologies, Deutsche Bank and other service partners.
Differentiator
Problem solved
Functional benefit
Brands
- Invesco Partner App: Distributor/partner mobile application for Invesco Mutual Fund, downloadable via QR code from the corporate website.
Quantifiable outcome
- AUM grew nearly four-fold over five years to ₹1.4 trillion in Q4 FY26
- +5 more outcomes
Companies that use Invesco Mutual Fund
Customer profileSegments4 records
Ideal customer profiles4 records
Invesco Mutual Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature6 records
Invesco Mutual Fund partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- IndusInd International & Invesco Limited (US parent)flagshipJoint venture created IAMI (Invesco Asset Management India) with combined 60-40 ownership between IndusInd International and global Invesco Limited (NYSE: IVZ). Aims to expand distribution in Tier-II and Tier-III markets while leveraging global Invesco investment expertise.
- KFin Technologies LimitedcoreKFin Technologies Limited serves as the Registrar and Transfer Agent for Invesco Mutual Fund. Corporate office at Karvy Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 008. Handles investor onboarding, KYC, PAN/Aadhaar seeding, FATCA updates, transaction processing and unclaimed redemption/dividend services.
- Institutional Investor Advisory Services (IIAS)coreIIAS appointed as proxy voting advisor for IAMI's mandatory voting on all investee company resolutions. IIAS provides non-binding voting recommendations, access to research portal, analyst discussions, and online voting management systems; recommendations are based on standardized policies and committee-based decision-making.
- MF Utilities India Private LimitedcoreMF Utilities India Private Ltd point-of-service locations used as additional Official Points of Acceptance for Invesco Mutual Fund transactions.
- HDFC Bank & ICICI Bank (SEBI-Validated UPI Handle Partners)coreSEBI-validated UPI IDs for Invesco Mutual Fund (e.g., invesco.bdsi.mf@validicici & invesco.bdpg.mf@validicici) are hosted via HDFC and ICICI bank handles, enabling secure validated payments up to ₹5 lakh daily limit per SEBI circular dated June 11, 2025.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
Invesco Mutual Fund competitors and assessment
Company assessmentBroad incumbents
- HDFC Mutual Fund: One of India's largest AMCs (top-3 by AUM) offering equity, debt, hybrid, ETF and PMS products through HDFC Bank's pan-India distribution. Directly comparable as a full-stack Indian mutual fund and PMS competitor with bank-led distribution advantage.
- ICICI Prudential Mutual Fund: Top-3 Indian AMC operating equity, debt, hybrid, ETFs and PMS across retail and institutional segments with deep ICICI Bank distribution. Closely comparable product suite, distribution model, and regulatory positioning.
- SBI Mutual Fund: Largest Indian AMC by AUM with full-spectrum mutual fund, ETF and offshore offerings distributed primarily through SBI's vast branch network. Same SEBI-regulated mutual fund/PMS structure and bank-affiliated distribution model as Invesco.
- Aditya Birla Sun Life Mutual Fund: Top-5 Indian AMC combining Aditya Birla Group's domestic distribution with Sun Life's global investment expertise — a structure directly parallel to Invesco's IndusInd-Invesco JV. Comparable equity, debt, hybrid and FoF offerings.
Direct peers
- Nippon India Mutual Fund: Top-5 Indian AMC with a global JV partner (Nippon Life) offering similar equity, debt, hybrid, ETF and FoF products. Mid-cap and small-cap category performance directly comparable to Invesco's mid-cap/smallcap leadership.
- Kotak Mahindra Mutual Fund: Bank-affiliated mid-to-large Indian AMC with comparable product breadth (equity, debt, hybrid, ETF, PMS) and a Tier-II/III distribution expansion focus. Competes head-to-head in midcap and smallcap categories.
- Axis Mutual Fund: Mid-to-large Indian AMC with similar full-stack product mix and bank-led distribution (Axis Bank). Directly comparable on active equity performance, passive index fund launches, and HNI PMS positioning.
- UTI Mutual Fund: Established Indian AMC with comparable scale, product breadth, and a multi-distributor (non-bank-affiliated) model. Provides a useful peer for distribution strategy benchmarking outside the bank-led model.
- Motilal Oswal Mutual Fund: Mid-tier Indian AMC focused on active equity, FoFs, and the Nasdaq-100 ETF FoF — directly overlapping with Invesco's product set. Most comparable AMC by scale, mid-cap/smallcap performance profile, and international FoF positioning.
- Sundaram Mutual Fund: Mid-tier Indian AMC with comparable AUM range, debt and equity product focus, and a Tamil Nadu-led distribution base expanding pan-India. Closest peer by AUM rank and product breadth to Invesco's pre-JV position.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Invesco Mutual Fund social profiles
Digital presenceInvesco Mutual Fund compliance and trust
Trust signalCompliance5 records
Invesco Mutual Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Invesco Mutual Fund leadership team
Management profileNumber of profiles
Profiles12 records
Invesco Mutual Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Invesco Mutual Fund M&A and investment
M&A and investmentM&A
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Invesco Mutual Fund
What does Invesco Mutual Fund do?
Invesco Mutual Fund is a SEBI-registered asset manager (IAMI) offering open-ended and closed-ended mutual fund schemes across equity, fixed income, hybrid, fund of funds, ETF and index fund categories, alongside discretionary and non-discretionary Portfolio Management Services for HNI clients. Investors can transact directly via a paperless online portal (invest.invescomutualfund.com), through a pan-India distributor network scaled by the Invesco Partner App, or via PMS Relationship Managers, with KYC, registrar and custodial services delivered through KFin Technologies, Deutsche Bank and other service partners.
Is Invesco Mutual Fund a public or private company?
Invesco Mutual Fund is a private company. It is classified as corporate owned and is currently operating.
When was Invesco Mutual Fund founded?
Invesco Mutual Fund was founded in 2008. It employs 251 to 500 people.
Where is Invesco Mutual Fund based?
Invesco Mutual Fund is headquartered in Mumbai, India, in the Asia region.
How does Invesco Mutual Fund make money?
Three revenue lines are on record. Mutual Fund Management Fees are the primary driver. The others are portfolio Management Services (PMS) Fees and ETF/Index Fund Management & Pass-through Fees.
Who are Invesco Mutual Fund's main competitors?
Broad incumbents on record are HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund and Aditya Birla Sun Life Mutual Fund. Direct peers are Nippon India Mutual Fund, Kotak Mahindra Mutual Fund, Axis Mutual Fund, UTI Mutual Fund, Motilal Oswal Mutual Fund and Sundaram Mutual Fund.
Does Invesco Mutual Fund have an API?
No public API is recorded for Invesco Mutual Fund.
What industry is Invesco Mutual Fund in?
Invesco Mutual Fund's product category is Asset Management (Mutual Funds and Portfolio Management Services). Its primary akta.pro industry code is FSAAAEAL, Fund of Funds & Multi-Manager Mutual Funds, with a secondary code of FSAAAMAE, AML/KYC, Investor Onboarding & Compliance Services. Its NAICS code is 525910 and its SIC code is 6211.