HDFC Equity Savings Fund vs Invesco India Equity Savings Fund
HDFC Equity Savings Fund and Invesco India Equity Savings Fund are both Equity Savings funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +8.68% vs +8.84%, 5-year CAGR +8.10% vs +7.47%, volatility 5.21% vs 6.24%, maximum drawdown −16.95% vs −13.60%. Their portfolios overlap by 29.7% (23 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Fund house | HDFC Mutual Fund | Invesco Mutual Fund |
| Compared as | Equity Savings | Equity Savings |
| NAV | ₹77.1130 | ₹19.0537 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 1 Jan 2013 | 8 Mar 2019 |
| Track record | 13.8 yrs | 7.7 yrs |
| Fund size (AUM) | ₹5,533 Cr | ₹268 Cr |
| Securities held | 130 | 53 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| 1 month | +2.25% | +1.77% |
| 3 months | −0.22% | +0.28% |
| 6 months | +2.07% | +3.34% |
| 1 year | +2.33% | +0.26% |
| 3 years (CAGR) | +8.68% | +8.84% |
| 5 years (CAGR) | +8.10% | +7.47% |
| 7 years (CAGR) | +9.90% | +8.65% |
| 10 years (CAGR) | +9.58% | — |
| Since launch (CAGR) | +9.83% | +8.78% |
| SIP return (XIRR, 5 years) ⓘ | +7.74% | +7.49% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| 2026 (year to date) | +1.08% | +1.06% |
| 2025 | +7.84% | +1.97% |
| 2024 | +11.33% | +18.39% |
| 2023 | +14.83% | +17.28% |
| 2022 | +6.98% | +0.11% |
| 2021 | +17.74% | +12.22% |
Risk
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Volatility (annualised) ⓘ | 5.21% | 6.24% |
| Downside volatility ⓘ | 3.88% | 4.54% |
| Sharpe ratio ⓘ | 0.42 | 0.38 |
| Sortino ratio ⓘ | 0.57 | 0.52 |
| Maximum drawdown ⓘ | −16.95% | −13.60% |
| Recovery from that fall | 7 months | 4 months |
| Current fall from peak | −0.61% | −0.28% |
| Rolling 1-year return: worst | −12.99% | −5.54% |
| Rolling 1-year return: median | +8.32% | +8.90% |
| Rolling 1-year return: best | +37.00% | +26.63% |
| Share of 1-year periods with a loss | 4.54% | 11.44% |
Against each fund's benchmark
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Beta ⓘ | 0.35 | 0.38 |
| Alpha (Jensen's, annualised) ⓘ | +0.69% | +0.87% |
| R² ⓘ | 94.05 | 78.90 |
| Upside capture | 49.21% | 54.62% |
| Downside capture | 24.94% | 31.90% |
| Tracking error | 9.71% | 9.60% |
| Information ratio | -0.02 | 0.01 |
| Treynor ratio | 5.15 | 5.29 |
Portfolio
Asset mix
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Equity | 65.59% | 65.88% |
| Debt | 26.48% | 17.33% |
| Cash & equivalents | 6.70% | 7.54% |
| REITs / InvITs | 1.23% | 0.00% |
| Mutual Fund Units | 0.00% | 9.25% |
Market-cap split (share of fund assets)
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Large Cap | 58.44% | 50.61% |
| Mid Cap | 3.23% | 9.36% |
| Small Cap | 3.89% | 5.91% |
| Unclassified | 0.03% | 0.00% |
Concentration
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Top 10 holdings | 34.48% | 51.01% |
| Effective number of stocks ⓘ | 52.7 | 29.3 |
| Securities held | 130 | 53 |
Portfolio overlap: 29.7%
23 companies are held by both funds; by weight, 29.7% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HDFC Equity Savings | Invesco India Equity Savings |
|---|---|---|
| HDFC Bank Limited | 6.96% | 7.47% |
| Reliance Industries Limited | 5.23% | 5.29% |
| ICICI Bank Limited | 2.87% | 3.72% |
| Kotak Mahindra Bank Limited | 1.74% | 6.30% |
| Bharti Airtel Limited | 2.38% | 1.62% |
| Axis Bank Limited | 1.61% | 7.20% |
| State Bank of India | 1.56% | 1.61% |
| Hyundai Motor India Ltd. | 1.10% | 1.89% |
| Infosys Limited | 1.08% | 2.62% |
| Hindustan Unilever Ltd. | 0.93% | 2.37% |
| Sun Pharmaceutical Industries Limited | 2.89% | 0.71% |
| Power Grid Corporation of India Limited | 0.69% | 0.85% |
| Maruti Suzuki India Limited | 2.05% | 0.58% |
| UltraTech Cement Limited | 0.44% | 1.23% |
| Tata Steel Ltd. | 0.43% | 1.17% |
Top 10 holdings
HDFC Equity Savings
- HDFC Bank Limited6.96%
- Reliance Industries Limited5.23%
- NTPC Limited3.55%
- Titan Company Limited3.20%
- Larsen & Toubro Limited2.97%
- Sun Pharmaceutical Industries Limited2.89%
- ICICI Bank Limited2.87%
- 7.18% Government of India (14/08/2033)2.38%
- Bharti Airtel Limited2.38%
- Maruti Suzuki India Limited2.05%
Invesco India Equity Savings
- HDFC Bank Limited7.47%
- Axis Bank Limited7.20%
- Kotak Mahindra Bank Limited6.30%
- 7.49% Small Industries Dev Bank of India5.54%
- Reliance Industries Limited5.29%
- Invesco India Liquid Fund - Direct Plan - Growth4.74%
- United Spirits Limited4.10%
- 6.94% Government of India (11/05/2036)4.03%
- ICICI Bank Limited3.72%
- Infosys Limited2.62%
Sector exposure
| HDFC Equity Savings | Invesco India Equity Savings | |
|---|---|---|
| Banks | 14.76% | 29.15% |
| Unclassified | 0.00% | 9.25% |
| Sovereign | 6.31% | 7.74% |
| Automobiles | 6.53% | 2.47% |
| CRISIL AAA | 4.95% | 5.54% |
| Petroleum Products | 5.48% | 5.29% |
| Pharmaceuticals & Biotechnology | 5.21% | 0.71% |
| Power | 5.08% | 0.85% |
| CRISIL - AAA | 4.58% | 0.00% |
| Beverages | 0.38% | 4.10% |
| Finance | 3.61% | 2.40% |
| Consumer Durables | 3.32% | 0.83% |
| IT - Software | 3.20% | 2.62% |
| Construction | 3.11% | 0.00% |
Questions people ask
What is the difference between HDFC Equity Savings and Invesco India Equity Savings returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +2.33% vs +0.26%; 3-year CAGR +8.68% vs +8.84%; 5-year CAGR +8.10% vs +7.47%; 10-year CAGR +9.58% vs —. Past returns do not indicate future returns.
How do HDFC Equity Savings and Invesco India Equity Savings compare on risk?
Volatility (36 monthly returns, annualised) 5.21% vs 6.24%; Sharpe ratio 0.42 vs 0.38; Sortino ratio 0.57 vs 0.52; maximum drawdown −16.95% vs −13.60%; beta 0.35 vs 0.38.
How much do HDFC Equity Savings and Invesco India Equity Savings overlap?
By weight, 29.7% of the two portfolios is invested in the same companies; 23 stocks are held by both, the largest shared positions being HDFC Bank Limited, Reliance Industries Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Equity Savings and Invesco India Equity Savings?
HDFC Equity Savings: large cap 58.4%, mid cap 3.2%, small cap 3.9%. Invesco India Equity Savings: large cap 50.6%, mid cap 9.4%, small cap 5.9% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.