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3 star

Invesco India Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 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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(₹)
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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 2.88 -0.01 0.02 0.18 0.82 1.75 3.54 5.71 6.21 6.86 7.74
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 3.32 3.61 4.05 4.52
Debt: Money Market 2.78 0.00 0.03 0.21 0.84 1.73 3.48 5.92 6.28 6.86 7.60
Rank within category 11 18 18 17 12 11 11 12 9 9 4
Number of funds in category 18 20 20 20 18 18 17 14 12 12 12

As on 21-Oct-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 3.54 5.71 6.21 0.55% 2,440
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.86 6.50 6.74 0.33% 14,464
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.77 6.42 6.55 0.35% 14,252
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.69 6.24 6.53 0.33% 13,155
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 3.91 4.35 5.06 0.43% 6,945

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 3.54 13-Jul-2020 - 13-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.68 0.70 2.46 5.36 1.06 2.38
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Money Market 6.05 1.10 2.43 6.15 1.50 3.01
Rank within category 13 3 10 12 2 13
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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 43 15 43
Modified Duration (yrs) 0.42 0.78 0.30 0.31
Average Maturity (yrs) 0.44 0.81 0.31 0.32
Yield to Maturity (%) 3.81 3.96 3.40 3.75
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
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 18.49 8.96
down SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 9.36 5.03
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 5.37 4.05
equal Sundaram Finance 331-D 16/03/2022 Commercial Paper A1+ 0.00 - 5.90 4.03
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 4.44 4.03
new HDFC 354-D 10/06/2022 Commercial Paper A1+ 0.00 - 3.99 3.99
equal HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 5.33 3.63
equal 8.65% Karnataka State 25/01/2022 State Development Loan SOV 0.00 - 5.37 3.54
new Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 3.42 3.42
new Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 3.40 3.40
equal 8.94% Gujarat State 2022 State Development Loan SOV 0.00 - 3.75 3.35
new Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.03 3.03
equal Kotak Mahindra Bank 25/02/2022 Certificate of Deposit A1+ 0.00 - 8.95 3.03
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 7.45 3.03
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 6.33 2.82
equal 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.81 2.51
up 6.58% Orissa State 24/03/2022 State Development Loan SOV 0.00 - 2.49 2.49
equal Kotak Mahindra Investments 345-D 18/03/2022 Commercial Paper A1+ 0.00 - 3.54 2.41
equal 8.93% Haryana State 2022 State Development Loan SOV 0.00 - 2.34 2.09
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 2.95 2.02
equal LIC Housing Fin. 361-D 14/02/2022 Commercial Paper A1+ 0.00 - 7.45 2.02
equal Tata Capital Financial Services 334-D 29/03/2022 Commercial Paper A1+ 0.00 - 2.94 2.01
up ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 2.25 2.01
equal Cholamandalam Investment & Finance Company 361-D 14/03/2022 Commercial Paper A1+ 0.00 - 2.67 2.01
new ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 2.01 2.01

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 30-Sep-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:


-0.01%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 2,438.9043

IDCW Monthly: ₹ 1,019.5254

More

IDCW Daily: ₹ 1,000.2329

Discretionary IDCW: ₹ 2,442.0663


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: 7.61%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,440 Cr (As on 30-Sep-2021)
Expense: 0.55% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Oct-20210.0035

 18-Oct-20210.2127
 14-Oct-20210.0884
 13-Oct-20210.1525
 12-Oct-20210.1748
 11-Oct-20210.3878
 08-Oct-20210.2054
 07-Oct-20210.0648
 05-Oct-20210.0352
 04-Oct-20210.2930
 01-Oct-20210.0399
 28-Sep-20210.0156
 27-Sep-20210.0994
 23-Sep-20210.0598
 22-Sep-20210.0139
 21-Sep-20210.0882
 20-Sep-20210.2519
 17-Sep-20210.0841
 16-Sep-20210.0982
 15-Sep-20210.0603
 14-Sep-20210.0529
 13-Sep-20210.3440
 09-Sep-20210.0360
 08-Sep-20210.0932
 07-Sep-20210.0721
IDCW Monthly29-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
 30-Oct-20194.7148
 27-Sep-20193.0581
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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