Invesco Mutual Fund

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.

Name

Invesco Mutual Fund

Legal name

Invesco Asset Management (India) Private Limited

Website

https://invescomutualfund.com/

Company type

Private

Founded year

2000

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

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

• Mutual fund management
• Asset management services
• Equity fund investing
• Fixed income funds
• Portfolio management services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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).
3. 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

Go-to-market motion4 records

Distribution channels5 records

Marketing channels8 records

Core 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

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• IndusInd International & Invesco Limited (US parent)flagshipStrategic or Co-development Partner · 1 November 2025Joint 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 LimitedcoreImplementation/ SI/ Consulting PartnerKFin 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)coreImplementation/ SI/ Consulting PartnerIIAS 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 LimitedcoreChannel Partner/ Reseller/ DistributorMF 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)coreTechnology or IntegrationSEBI-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

Broad 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

• Xx.com/invescoindia
• Facebookfacebook.com/invescomutualfund

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments14 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invesco Mutual Fund