facebook

Invesco R.I.S.E

Scheme Rating

IME Scheme Rating

The Scheme does not meet our selection criteria at this time

Not a recommended fund: This is not a recommended fund, primarily because the AMC does not meet our selection criteria. We believe that there are better fund houses to invest in, within the Indian mutual fund universe.

IME Strategy Rating

Strong Strategy: Focus on 2 themes: Economic revival & Increase in consumer spending. The strategy should allow for outperformance during periods of economic recovery.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on Invesco R.I.S.E

Type: Flexi Cap | GARP | AUM (400.3 cr) | Inc Date (18 Apr 2016)

Invesco RISE- Investment Strategy

Focus on companies that benefit from a revival in economic growth and rise in consumer discretionary

Invesco PMS’s RISE strategy aims to invest in companies that will benefit from a revival in economic growth and a rise in consumer discretionary spending. Stock selection will take place on a bottom-up basis across a range of sectors and market capitalization. RISE strategy is driven by the following: 

  • R: Seek for company that will have an advantage from recovery in demand and a rise in discretionary spending. 
  • I: Businesses with an idle capacity having the potential for operating leverage; and their interest cost to decline as financial leverage declines.
  • S: Focusing on businesses with superior models and healthy balance sheets. Those companies that also have suppressed earnings can spring back swiftly.
  • E: Earnings recovery of business can spring back on the back of operating and financial leverage. The expansion of valuation can add to returns. 

Investment Strategy 

Invesco RISE follows the strategy focusing on these elements: 

  • Operating Leverage: Seeking for companies that have the potential to make more operating profit for each additional sales as demand recovers. 
  • Financial Leverage: Seeking for companies that have the potential to make more net profit from incremental operating profit
  • Value: Companies that are trading below their intrinsic value. 

Investment Process

  • Universe: 293 stocks
  • Categorized stocks: 193 stocks based on stock categorization framework
  • Portfolio Universe: 193 Stocks based on investment on investment strategy
  • Portfolio: 15-25 based on portfolio construction levers.

Trailing Performance

1yr 3yr 5yr Since Inception
Invesco R.I.S.E 48.8 20.4 18.6 14.9
S&P BSE 500 TRI 39.5 19.5 19 16.7
Alpha over Broad Mkt BM 9.3 0.9 -0.4 -1.8
Nifty 500 38.4 18.1 17.5
Alpha over Category BM 10.4 2.3 1.1

Performance as of: 28-Feb-23 | Inception Date: 18-Apr-16

Fund Managers

Amit Nigam | 4-star rated FM

Fund Manager | 23 yrs Experience | 6 yrs at current firm

Past Experience: Essel AMC (Head-Equities), BNP Paribas (FM), SBI MF (Analyst)

Amit has close to 2 decades of investment experience, with fund management and research experience in Essel AMC, BNP Paribas and SBI Mutual Fund. He joined Invesco PMS in Apr-2018.

Taher Badshah | 4-star rated FM

CIO | 30 yrs Experience | 7 yrs at current firm

Past Experience: Motilal AMC (Head Equities), Kotak International (FM), ICICI Pru PMS (FM)

With over 25 years of investment management experience, Taher is the CIO of Invesco AMC (overseeing both the MF & PMS divisions). Taher was responsible for the stellar growth of Motilal AMC, where he was head of equities over Jun-2010 to Dec-2016. His prior fund management experience includes managing funds at Kotak International and ICICI Pru PMS.

Fee Structure

Fee StructureFee
Fixed Fee Structure2.5
Variable Fee Structures1.25% fixed + 15% above 10% hurdle
Exit Fees1yr(3%), 2yr(2%)

AMC

AMC: Invesco PMS (click link for detailed AMC review)

Not a recommended AMC: While Invesco AMC does benefit from a strong research process and differentiated portfolios, the core investment team has only been together for a few years. It also suffers from common ailments of large AMC-driven PMS houses (PMS as an add-on instead of a clearly segregated business unit, churn in the investment team and a lack of skin in the game for the CIO). While it has the potential to become a strong AMC PMS player, it is still too early in terms of leadership change to recommend large investments in Invesco strategies.

Invesco PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.

Get substantially greater insights by connecting with us!

Details shared on the public website, are only a short snapshot of the more detailed analysis that resides in our Proprietary Research Management Solution (RMS) – A proprietary cloud-based tool, that ensures that the unbiased research insights of our central research team are shared directly with investors.

Our RMS allows us to operate with a level of transparency, ethics & consistency of insights, that is unparrarelled in the industry. Our RM’s will help showcase the PMS/AIF options that are the most suited for your unique requirements.

Download Sample RMS Reports: AMC View | Scheme Comparison

Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.