Invesco India Large & Mid Cap Fund has achieved a three-year annual return of 23.8%, consistently outperforming its benchmark index. This strong track record positions it at the top of its category, though investors should note that performance varies significantly across different time periods compared to other funds.
The Invesco India Large & Mid Cap Fund has captured attention in the mutual fund space by delivering a three-year compound annual growth rate (CAGR) of 23.8%. According to data from ACE MF as of July 7, 2026, this performance places the fund at the head of its category, ahead of peers such as the Motilal Oswal Large & Midcap Fund and the Bandhan Large & Mid Cap Fund, which recorded returns of 22.3% and 19.9% respectively over the same three-year period.
Comparing Benchmark Performance
A critical measure for investors is how a fund performs against its specific benchmark index. The Invesco India Large & Mid Cap Fund has shown a substantial lead over its benchmark, outpacing it by 14.5 percentage points over the last three years, during which the benchmark itself returned 9.3%. Even when looking at the one-year horizon—a period where the benchmark saw a decline of 3.1%—the fund managed to outperform the index by 12.1 percentage points. This gap suggests the fund's strategy has been effective in navigating recent market volatility.
Momentum Across Time Horizons
Beyond long-term results, the fund has maintained strong momentum in the short term. It secured the top ranking for returns over both the one-month and three-month periods, with gains of 8.6% and 21.6% respectively.
However, it is important for investors to recognize that rankings can shift depending on the time frame chosen. For instance, when looking at the one-year return leaderboard, the HSBC Large & Mid Cap Fund outperformed others in the group with a return of 9.6%. This variation illustrates the importance of looking at a fund's performance across multiple time intervals rather than relying solely on recent short-term gains or a single long-term figure.
Investors monitoring this category may track how the fund manages its portfolio allocation between large-cap and mid-cap stocks moving forward, as changes in market leadership between these two segments can directly influence relative performance. It is also useful to compare these returns against broader market conditions to understand if the fund's outperformance is driven by specific sector bets or defensive positioning during market downturns.