If someone had invested 10 thousand rupees 7 years ago, then this amount in the fund would have been Rs 28233 by now.
The valuations of large and mid-cap stocks are becoming attractive in recent times, amid the huge volatility in the market at the moment. From the budget till now, the BSE Sensex has fallen by about 6 percent, while the Nifty Midcap 100 has fallen by about 10 percent, while the Nifty 50 has fallen by over 6 percent. As such, analysts consider good opportunities to invest in large and mid-cap stocks.
According to analysts, in such a decline, investors should invest in shares of good companies in the market through mutual funds. Invesco India Growth Opportunities Fund has surpassed the S&P BSE 500 benchmark in terms of returns.
As per June data, the fund has given a return of 13.37% in 3 years, while its benchmark S&P BSE 250 Large Cap Mid Cap has given 12.64%. In 7 years, the fund has given 15.98 and Benchmark 14.88 percent and in 10 years the fund has given 14.36 and Benchmark 13.15 percent.
If someone had invested Rs 10 thousand 7 years ago, then this amount would have been Rs 28,233 in the fund, while it would have been Rs 26,411 in the benchmark. In 10 years, this amount would have increased by 3.8 times in the fund to Rs 38,263, while the benchmark would have increased to Rs 34,400.
Talking of SIP, the SIP returns of this fund have been 14.02 percent in 7 years while the benchmark returns have been 13.17 percent. The fund’s 10-year SIP returns have been 13.56 percent while the benchmark returns have been 12.53 percent. The fund selects growth and value stocks to invest.
Growth companies mean those established companies to be industry leaders, better return on equity, younger companies, higher growth, operating profit, better growth from the industry and play the right role in the expansion.
Whereas companies with valuable assets that are in a position to turnaround and profit. The fund follows the bottom-up and top-down approach. Currently, it is overweight in consumer discrepancies, industrial and energy, while underweight in consumer staples and materials.