Invesco India Caterpillar Portfolio

To achieve long-term capital appreciation by investing in scalable mid and small cap companies poised for multiple re-rating.

Mid & Small-Cap Re-rating Focus (73.2% Allocation) | 20+ Years Track Record Since June 2006

3-Year Alpha (CAGR)

14.10%

vs 9.20% BSE 500 TRI Benchmark (+4.90% Alpha)

Inception Date

26 Jun 2006

Benchmark

BSE 500 TRI

Investment Style

Re-rating Growth

Portfolio Size

15–25 stocks

Strategy Type

Mid & Small-Cap (73.2%)

Track Record

20+ years

Investment Strategy: The Caterpillar Re-Rating Edge

Multiple Re-Rating Potential

Target mid and small-cap stocks poised for valuation expansion driven by accelerating earnings and market discovery.

Scalable Niche Business Models

Focus on companies operating in niche or emerging business areas with long-runway competitive advantages.

ROCE & Free Cash Flow Screening

Filter manufacturing firms on ROCE & Free Cash Flow; filter financial companies on ROE & Return on Assets.

Disciplined Portfolio Prudence

High-conviction 15 - 25 stocks, max 12% single-stock exposure and max 40% sector exposure at purchase.

Growth of Investment Value

Long-term trajectory vs BSE 500 TRI Benchmark Index (Rebased to 100)

3Y Return (CAGR)

14.10%

BSE 500 TRI Benchmark

9.20%

₹100 invested in 2016 has grown to ~₹358 in Invesco India Caterpillar, delivering a commanding 14.10% 3Y CAGR and 19.77% 7Y CAGR.

TWRR Basis

Trailing Returns (%)

As on 30 September 2026 (TWRR Basis)

3Y CAGR

14.10%

Benchmark

9.20%

Returns up to 1 year are absolute; returns over 1 year are Compounded Annualized (CAGR).

SEBI Compliant

Risk & Return Ratios

Strategy vs Benchmark (3Y monthly data points)

Std Deviation5.52%

Growth Volatility

Beta1.07

Growth Sensitivity

Sharpe Ratio0.15

Risk-Adjusted Alpha

2Y EPS CAGR25.02%

FY26-28 Momentum

Equity Exposure:93.6%

Portfolio Snapshot

MixMarket Cap

Small Cap

50.3%

Mid Cap

22.9%

Large Cap

20.4%

Cash & Equivalents

6.4%

Top Sector Allocation

Top Sector: Financials (24.2%)

Financials24.2%

Consumer Discretionary17.6%

Industrials17.5%

HealthCare16.8%

Information Technology14.4%

Communication Services3.2%

Strategy Advantages

Re-Rating Potential: Targets overlooked mid & small-cap stocks poised for valuation expansion.
High Capital Efficiency: Filters companies exhibiting superior ROCE, Free Cash Flow, and ROE.
High Earnings Velocity: High 2-Year Forward EPS CAGR of 25.02% (FY26-FY28).
Two Decades Proven Alpha: Consistent outperformance with 14.10% 3Y CAGR and 19.77% 7Y CAGR.

Top 10 Holdings

Eternal Ltd.

8.4%

Karur Vysya Bank Ltd.

7.2%

Bharat Electronics Ltd.

6.6%

MCX of India Ltd.

6.6%

SEDEMAC Mechatronics Ltd.

6.5%

The Federal Bank Ltd.

5.7%

NETWEB Technologies India Ltd.

5.3%

Inventurus Knowledge Solutions Ltd

4.8%

Home First Finance Company

4.8%

Ajanta Pharma Limited

4.2%

Portfolio Fundamentals & Risk Attributes

As on 30 September 2026 | Source: Bloomberg, Internal Estimates

P/E FY 26E33.76Price to Earnings

P/E FY 27E32.59Forward P/E

P/E FY 28E27.082Y Forward P/E

2Y EPS CAGR25.02%FY26-FY28 Estimate

ROE FY 26E19.27%Return on Equity

ROE FY 27E15.81%Next FY ROE

ROA FY 26E3.66%Return on Assets

Beta1.07Growth Sensitivity

Std Deviation5.52%Growth Volatility

Sharpe Ratio0.15Risk-Adjusted Alpha

Avg M-Cap₹86,538 CrMid/Small Bias

Median M-Cap₹30,995 CrPortfolio Median

Ideal Investor Profile

Investors looking to capture multi-bagger potential from mid and small-cap companies undergoing re-rating.

Investors seeking high earnings growth with a proven 2-year EPS CAGR of 25.02%.

High-net-worth investors with an investment horizon of 5+ years.

Those seeking disciplined bottom-up stock selection based on ROCE and Free Cash Flow.

Investors seeking exposure to emerging niche sectors and tomorrow's industry champions.

Seeking high-conviction 15 - 25 stock focus with strict single-stock (12%) and sector (40%) caps.

Disclaimer: Past performance may or may not be sustained in future. Invesco Asset Management (India) Private Ltd. ("IAMI" / "Portfolio Manager") does not offer guaranteed or assured returns. Returns up to 1 year are absolute & over 1 year are Compounded Annualized. Return Calculation Method: Time Weighted Rate of Return (TWRR). Securities investments are subject to market risks, please read the Disclosure Document carefully before investing.