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Invesco India Flexi Cap Fund - Direct Plan - Growth vs Kotak Flexi Cap Fund - Growth - Direct
Invesco India Flexi Cap Fund and Kotak Flexi Cap Fund are both in the Flexi Cap Fund category, from Invesco Asset Management (India) Private Limited and Kotak Mahindra Asset Management Company Limited. respectively. Invesco India Flexi Cap Fund has posted a higher 3-year rolling CAGR. Kotak Flexi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Flexi Cap Fund has the lower direct-plan expense ratio, by 0.20 percentage points.
| Invesco India Flexi Cap Fund - Direct Plan - Growth | Kotak Flexi Cap Fund - Growth - Direct | |
|---|---|---|
| Category | Flexi Cap Fund | Flexi Cap Fund |
| AMC | Invesco Asset Management (India) Private Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| NAV | ₹19.82 (2026-10-28) | ₹90.973 (2026-10-28) |
| AUM | ₹5,372.27 Cr | ₹52,649.91 Cr |
| Expense Ratio (Direct) | 0.86% | 0.66% |
| Inception | 2022-01-24 | 2009-07-22 |
Returns
Invesco India Flexi Cap Fund leads on 3-year rolling CAGR (22.2% vs Kotak Flexi Cap Fund's 16.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Invesco India Flexi Cap Fund has been the more volatile of the two by standard deviation.
| Invesco India Flexi Cap Fund - Direct Plan - Growth | Kotak Flexi Cap Fund - Growth - Direct | |
|---|---|---|
| 3Y Sharpe Ratio | 0.46 | 0.15 |
| 3Y Alpha | 6.4679% | 0.9472% |
| 3Y Std Deviation | 16.2713% | 13.7324% |
| 3Y Calmar Ratio | 0.75 | 0.56 |
Portfolio Analytics
Invesco India Flexi Cap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Invesco India Flexi Cap Fund - Direct Plan - Growth | Kotak Flexi Cap Fund - Growth - Direct | |
|---|---|---|
| P/E Ratio | 37.6361 | 26.1959 |
| P/B Ratio | 4.4922 | 3.06 |
| Dividend Yield | 0.5137% | 1.0685% |
| Active Share | 69.94% | 60.3% |
| Portfolio Turnover | 35% | 14.71% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Invesco India Flexi Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Invesco India Flexi Cap Fund or Kotak Flexi Cap Fund?
Invesco India Flexi Cap Fund's 3-year rolling CAGR of 22.2% is higher than Kotak Flexi Cap Fund's 16.5%. Invesco India Flexi Cap Fund sits in the 97th percentile of its category on this metric, versus the 47th percentile for Kotak Flexi Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Invesco India Flexi Cap Fund or Kotak Flexi Cap Fund?
Kotak Flexi Cap Fund's direct-plan expense ratio is 0.20 percentage points lower than Invesco India Flexi Cap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Invesco India Flexi Cap Fund or Kotak Flexi Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Invesco India Flexi Cap Fund has been more volatile than Kotak Flexi Cap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.46 for Invesco India Flexi Cap Fund vs 0.15 for Kotak Flexi Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Invesco India Flexi Cap Fund or Kotak Flexi Cap Fund?
Kotak Flexi Cap Fund has ₹52,650 Cr in assets under management, versus ₹5,372 Cr for Invesco India Flexi Cap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Invesco India Flexi Cap Fund or Kotak Flexi Cap Fund?
Kotak Flexi Cap Fund launched on 2009-07-22, making it older than Invesco India Flexi Cap Fund (launched 2022-01-24). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.