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Invesco India Money Market Fund

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.25 0.01 0.07 0.35 0.73 1.69 3.48 5.54 6.13 6.77 7.66
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.43 1.06 1.96 3.22 3.54 3.99 4.48
Debt: Money Market 3.16 0.01 0.07 0.33 0.76 1.71 3.40 5.90 6.19 6.77 7.53
Rank within category 11 4 11 8 14 11 11 13 9 9 4
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 30-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Money Market Fund  | Invest Online
3 star
 Aug-09 3.48 5.54 6.13 0.55% 2,639
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 3.72 6.26 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 3.79 6.32 6.67 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 3.65 6.07 6.46 0.33% 13,305
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 3.86 6.32 4.99 0.43% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.14 24-Mar-2020 - 31-Mar-2020 -0.80 17-Mar-2020 - 24-Mar-2020
Month 1.93 24-Mar-2020 - 23-Apr-2020 -0.49 25-Feb-2020 - 26-Mar-2020
Quarter 3.53 24-Mar-2020 - 24-Jun-2020 0.35 24-Dec-2019 - 24-Mar-2020
Year 10.56 26-Aug-2011 - 27-Aug-2012 3.47 29-Oct-2020 - 29-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.51 0.71 2.30 5.89 1.08 2.30
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Money Market 6.01 0.93 2.51 6.57 1.60 3.12
Rank within category 14 4 11 12 1 14
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 45 45 15 45
Modified Duration (yrs) 0.33 0.78 0.30 --
Average Maturity (yrs) 0.34 0.81 0.31 --
Yield to Maturity (%) 4.00 4.00 3.40 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 18.49 8.25
up Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 5.04 5.04
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 9.36 4.67
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 5.37 3.75
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 4.44 3.74
new Export-Import Bank 181-D 30/03/2022 Certificate of Deposit A1+ 0.00 - 3.73 3.73
equal Sundaram Finance 331-D 16/03/2022 Commercial Paper A1+ 0.00 - 5.90 3.73
equal HDFC 354-D 10/06/2022 Commercial Paper A1+ 0.00 - 3.99 3.69
equal HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 5.33 3.37
equal 8.65% Karnataka State 25/01/2022 State Development Loan SOV 0.00 - 5.37 3.26
equal 8.94% Gujarat State 2022 State Development Loan SOV 0.00 - 3.75 3.08
equal Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.03 2.81
equal Kotak Mahindra Bank 25/02/2022 Certificate of Deposit A1+ 0.00 - 8.95 2.81
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 7.45 2.81
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 6.33 2.62
equal 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.81 2.31
equal 6.58% Orissa State 24/03/2022 State Development Loan SOV 0.00 - 2.49 2.30
equal Kotak Mahindra Investments 345-D 18/03/2022 Commercial Paper A1+ 0.00 - 3.54 2.24
equal 8.93% Haryana State 2022 State Development Loan SOV 0.00 - 2.34 1.93
new HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 3.19 1.87
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 2.95 1.87
equal LIC Housing Fin. 361-D 14/02/2022 Commercial Paper A1+ 0.00 - 7.45 1.87
equal ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 2.25 1.86
equal ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 2.01 1.86
equal Cholamandalam Investment & Finance Company 361-D 14/03/2022 Commercial Paper A1+ 0.00 - 2.67 1.86

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Krishna Venkat Cheemalapati since 04-Jan-2020

Education: Mr. Cheemalapati is a B.E., PGDBA and CFA from ICFAI Hyderabad.

Experience: Prior to joining Invesco Mutual Fund, he has worked with Reliance General Insurance Company Ltd. as CIO and with ICAP India Pvt. Ltd as fixed income dealer.

Funds Managed:

— Vikas Garg since 16-Dec-2020

Education: Mr. Garg is CFA MBA Finance, B-Tech and M- Tech

Experience: Prior to joining Invesco India Mutual Fund, he has worked with L&T Mutual Fund as Fund Manager, Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 2,447.6154

IDCW Monthly: ₹ 1,017.8822

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IDCW Daily: ₹ 1,000.2900

Discretionary IDCW: ₹ 2,450.8215

Investment Strategy

The scheme seeks to generate superior risk-adjusted returns by investing in Money Market Instruments

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 28-Aug-2009
Return Since Launch: 7.57%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,639 Cr (As on 31-Oct-2021)
Expense: 0.55% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.2551

 26-Nov-20210.1133
 25-Nov-20210.0903
 24-Nov-20210.1164
 23-Nov-20210.0795
 22-Nov-20210.3788
 18-Nov-20210.1194
 17-Nov-20210.0616
 16-Nov-20210.1179
 15-Nov-20210.2898
 12-Nov-20210.1113
 11-Nov-20210.1506
 10-Nov-20210.0554
 09-Nov-20210.2666
 08-Nov-20210.6158
 03-Nov-20210.1271
 02-Nov-20210.1759
 01-Nov-20210.0344
 25-Oct-20210.1791
 22-Oct-20210.0531
 20-Oct-20210.0035
 18-Oct-20210.2127
 14-Oct-20210.0884
 13-Oct-20210.1525
 12-Oct-20210.1748
IDCW Monthly29-Nov-20213.4901

 28-Oct-20211.7882
 29-Sep-20212.1176
 30-Aug-20213.4099
 29-Jul-20213.7763
 29-Jun-20212.5397
 28-May-20212.4445
 29-Apr-20213.9700
 30-Mar-20214.6636
 25-Feb-20212.7495
 28-Jan-20211.7048
 30-Dec-20202.5033
 26-Nov-20203.1457
 28-Oct-20203.5964
 29-Sep-20202.7252
 28-Aug-20202.4990
 30-Jul-20204.1622
 29-Jun-20204.4270
 28-May-202014.2563
 29-Apr-20206.0681
 30-Mar-20203.1031
 27-Feb-20203.3012
 30-Jan-20203.6062
 30-Dec-20192.8580
 28-Nov-20193.7712
Discretionary IDCW31-May-20120.2516

Contact Information

AMC: Invesco Asset Management (India) Pvt. Ltd

Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013

Phone: 022-67310000 / 1800-209-0007

Fax: 022-23019422

Email: [email protected]

Website: http://www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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