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Invesco India Large Cap Fund - Direct Plan - Growth vs Union Largecap Fund - Direct Plan - Growth Option
Invesco India Large Cap Fund and Union Largecap Fund are both in the Large Cap Fund category, from Invesco Asset Management (India) Private Limited and Union Asset Management Company Private Limited respectively. Invesco India Large Cap Fund has posted a higher 3-year rolling CAGR. Invesco India Large Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Invesco India Large Cap Fund has the lower direct-plan expense ratio, by 0.75 percentage points.
| Invesco India Large Cap Fund - Direct Plan - Growth | Union Largecap Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Large Cap Fund | Large Cap Fund |
| AMC | Invesco Asset Management (India) Private Limited | Union Asset Management Company Private Limited |
| Benchmark | Nifty 100 TRI | BSE 100 TRI |
| NAV | ₹83.36 (2026-10-28) | ₹23.48 (2026-10-28) |
| AUM | ₹1,938.16 Cr | ₹404.421 Cr |
| Expense Ratio (Direct) | 0.93% | 1.68% |
| Inception | 2009-07-10 | 2017-04-20 |
Returns
Invesco India Large Cap Fund leads on 3-year rolling CAGR (15.7% vs Union Largecap Fund's 14.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Invesco India Large Cap Fund has been the more volatile of the two by standard deviation.
| Invesco India Large Cap Fund - Direct Plan - Growth | Union Largecap Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.32 | -0.11 |
| 3Y Alpha | 5.1494% | -2.2783% |
| 3Y Std Deviation | 14.4368% | 12.9669% |
| 3Y Calmar Ratio | 0.64 | 0.34 |
Portfolio Analytics
Invesco India Large 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 Large Cap Fund - Direct Plan - Growth | Union Largecap Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 28.5497 | 26.4979 |
| P/B Ratio | 15.3738 | - |
| Dividend Yield | 0.9426% | 0.9459% |
| Active Share | 52.78% | 39.6% |
| Portfolio Turnover | - | 32% |
| YTM | - | 5.3444% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Invesco India Large Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Invesco India Large Cap Fund or Union Largecap Fund?
Invesco India Large Cap Fund's 3-year rolling CAGR of 15.7% is higher than Union Largecap Fund's 14.2%. Invesco India Large Cap Fund sits in the 73rd percentile of its category on this metric, versus the 37th percentile for Union Largecap 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 Large Cap Fund or Union Largecap Fund?
Invesco India Large Cap Fund's direct-plan expense ratio is 0.75 percentage points lower than Union Largecap 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 Large Cap Fund or Union Largecap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Invesco India Large Cap Fund has been more volatile than Union Largecap 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 (0.32 for Invesco India Large Cap Fund vs -0.11 for Union Largecap 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 Large Cap Fund or Union Largecap Fund?
Invesco India Large Cap Fund has ₹1,938 Cr in assets under management, versus ₹404 Cr for Union Largecap 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 Large Cap Fund or Union Largecap Fund?
Invesco India Large Cap Fund launched on 2009-07-10, making it older than Union Largecap Fund (launched 2017-04-20). 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.