Invesco India DAWN Portfolio

To generate capital appreciation by investing in companies available at reasonable valuations with cyclical recovery and operating leverage tailwinds.

D.A.W.N: Demand Recovery | Attractive Valuations | Winning Companies | New Credit & Investment Cycles

Portfolio Alpha (SI)

8.13%

Since Inception CAGR

Inception Date

28 Aug 2017

Benchmark

BSE 500 TRI

Investment Style

Value & Cyclical

Portfolio Size

10–25 stocks

Strategy Type

Large Cap Bias (70.9%)

Track Record

9+ years

Investment Framework: The D.A.W.N Advantage

D - Demand Recovery

Benefit from revival in cyclical recovery across cyclical and consumer discretionary sectors.

A - Attractive Valuation

Emphasize mean reversion and value style investing to provide a high margin of safety.

W - Winning Companies

Capture winning companies poised for significant operating and financial leverage efficiencies.

N - New Credit Cycle

Participate in new credit and capital expenditure cycles that accelerate earnings recovery.

Growth of Investment Value

Performance since inception (August 28, 2017) vs BSE 500 TRI Benchmark Index (Rebased to 100)

Strategy (SI CAGR)

8.13%

BSE 500 TRI Benchmark

12.12%

₹100 invested at inception has grown to ~₹204 in Invesco India DAWN, generating consistent capital growth across market cycles.

TWRR Basis

Trailing Returns (%)

As on 30 September 2026 (TWRR Basis)

3Y CAGR

6.09%

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 Deviation4.51%

Controlled Risk

Beta0.96

Market Beta

Sharpe Ratio0.03

Risk-Adjusted

2Y EPS CAGR21.10%

FY26-28 Momentum

Equity Exposure:93.9%

Portfolio Theme Split

As on 30 September 2026

50.9%

Winning companies offering operating & financial leverage

22.5%

Attractive Valuations offering margin of safety

17.2%

New credit & investment cycle boosting earnings recovery

3.4%

Demand recovery / Upcycle

Portfolio Snapshot

MixMarket Cap

Large Cap

70.9%

Mid Cap

12.3%

Small Cap

10.7%

Cash & Equivalents

6.1%

Top Sector Allocation

Top Sector: Industrials (29.1%)

Industrials29.1%

Financials19.2%

Consumer Discretionary18.3%

HealthCare10.7%

Communication Services5.7%

Real Estate3.4%

Energy2.8%

Consumer Staples2.5%

Information Technology2.2%

Strategy Advantages

Cyclical Recovery: Identifies sectors transitioning from consolidation to cyclical expansion.
Operating & Financial Leverage: Favours firms expanding operating margins and net profits as demand recovers.
Value Investing Margin of Safety: Selects out-of-favour companies trading at discounts to intrinsic fair value.
Disciplined Portfolio Construction: High-conviction portfolio of 10 - 25 stocks with max 12% single-stock exposure.

Top 10 Holdings

ICICI Bank Ltd.

7.8%

Eternal Ltd.

6.5%

Inter Globe Aviation Limited

5.8%

Bharti Airtel Ltd.

5.7%

Kotak Mahindra Bank Ltd.

5.2%

Larsen & Toubro Ltd.

5.0%

Adani Enterprises Limited

4.5%

Sun Pharmaceutical Industries Ltd.

4.2%

Tata Motors Ltd.

4.1%

Delhivery Ltd.

3.9%

Portfolio Fundamentals & Risk Attributes

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

P/E FY 26E32.58Price to Earnings

P/E FY 27E30.79Forward P/E

P/E FY 28E24.472Y Forward P/E

2Y EPS CAGR21.10%FY26-FY28 Estimate

ROE FY 26E13.77%Return on Equity

ROE FY 27E13.81%Next FY ROE

ROA FY 26E2.60%Return on Assets

Beta0.96Moderate Correlation

Std Deviation4.51%Controlled Volatility

Sharpe Ratio0.03Risk-Adjusted Metric

Avg M-Cap₹3,73,026 CrWeighted Average

Median M-Cap₹1,96,283 CrPortfolio Median

Ideal Investor Profile

Investors seeking to capitalize on cyclical recovery in economic activity and corporate profits.

Investors who believe in disciplined value investing and mean reversion with a margin of safety.

High-net-worth investors with an investment horizon of 4+ years.

Investors looking for large-cap-oriented stability (70.9% large-cap) combined with mid-cap upside.

Seeking focused exposure through 10 - 25 quality companies with strong balance sheets.

Investors looking for companies benefiting from upcoming credit and capex revival cycles.

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.