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Invesco India Money Market Fund

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 6.71 0.49 1.51 7.12 7.08 7.58 8.20
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 4.67
Debt: Money Market 7.47 0.48 1.58 7.93 7.09 7.52 7.95
Rank within category 15 6 17 15 9 8 1
Number of funds in category 17 19 19 17 13 13 12

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.03 (30-Aug-2013 - 01-Oct-2013) 0.22 (24-Nov-2010 - 24-Dec-2010)
Quarter 2.87 (24-Jul-2013 - 23-Oct-2013) 1.16 (29-Sep-2010 - 29-Dec-2010)
Year 10.56 (26-Aug-2011 - 27-Aug-2012) 5.27 (10-Dec-2009 - 10-Dec-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.89 0.20 5.42 11.82 0.33 1.66
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Money Market 6.87 0.70 2.72 7.64 0.98 2.73
Rank within category 10 1 1 6 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-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 47 23 23
Modified Duration (yrs) 0.40 0.48 0.06 0.35
Average Maturity (yrs) 0.43 0.50 0.07 0.35
Yield to Maturity (%) 5.51 8.10 5.51 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reliance Industries 180-D 03/03/2020 Commercial Paper A1+ 0.00 - 7.74 7.74
new National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 7.74 7.74
equal Export-Import Bank 182-D 16/03/2020 Commercial Paper A1+ 0.00 - 7.73 7.73
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 7.71 7.71
new HDFC 362-D 19/10/2020 Commercial Paper A1+ 0.00 - 7.41 7.41
new Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 7.34 7.34
new LIC Housing Fin. 329-D 11/09/2020 Commercial Paper A1+ 0.00 - 5.60 5.60
equal Axis Bank 2020 Securitised Debt A1+ 0.00 - 3.89 3.89
new Reliance Retail Ltd. 90-D 29/01/2020 Commercial Paper A1+ 0.00 - 3.89 3.89
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 3.87 3.87
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 3.87 3.87
new Kotak Mahindra Prime 177-D 23/04/2020 Commercial Paper A1+ 0.00 - 3.83 3.83
new Bajaj Finance 364-D 26/06/2020 Commercial Paper A1+ 0.00 - 3.78 3.78
new Kotak Mahindra Prime 264-D 20/07/2020 Commercial Paper A1+ 0.00 - 3.76 3.76
new ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 3.76 3.76
new ICICI Bank 16/09/2020 Certificate of Deposit A1+ 0.00 - 3.75 3.75
new Muthoot Finance 365-D 30/01/2020 Commercial Paper A1+ 0.00 - 2.71 2.71
new Adani Ports and Special Economic Zone 44-D 29/11/2019 Commercial Paper A1+ 0.00 - 1.96 1.96
new SRF 90-D 28/01/2020 Commercial Paper A1+ 0.00 - 1.94 1.94
down Larsen & Toubro 182-D 28/02/2020 Commercial Paper A1+ 0.00 - 7.05 1.94
equal REC 365-D 04/03/2020 Commercial Paper A1+ 0.00 - 1.94 1.94
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 1.93 1.93
new HDB Financial Services 364-D 06/05/2020 Commercial Paper A1+ 0.00 - 1.91 1.91

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-2019

Fund Manager

— Nitish Sikand since 14-Aug-2009

Education: Mr. Sikand holds a Commerce degree and is an MBA with a specialization in Finance.

Experience: In his last assignment, he was working with ICICI Bank as Product Manager. Prior he was working with JM Financial Asset Management & Citicorp Maruti Finance Limited.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 2,236.4683

Dividend Monthly: ₹ 1,019.7204

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Dividend Daily: ₹ 1,000.2900

Discretionary Dividend: ₹ 2,239.3419

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 (₹) --
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 28-Aug-2009
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,331 Cr (As on 30-Nov-2019)
Expense: 0.52% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Discretionary Dividend31-May-20120.2516
Dividend Daily13-Dec-20190.0767

 12-Dec-20190.0985
 11-Dec-20190.1358
 10-Dec-20190.1123
 09-Dec-20190.1086
 04-Dec-20190.1341
 03-Dec-20190.1310
 02-Dec-20190.3131
 29-Nov-20190.2561
 28-Nov-20190.1185
 27-Nov-20190.1057
 26-Nov-20190.0696
 25-Nov-20190.3828
 22-Nov-20190.1225
 21-Nov-20190.1998
 20-Nov-20190.1912
 19-Nov-20190.1274
 18-Nov-20190.4619
 15-Nov-20190.1982
 14-Nov-20190.1611
 13-Nov-20190.2756
 11-Nov-20190.3883
 08-Nov-20190.0545
 05-Nov-20190.0555
 04-Nov-20190.3335
Dividend Monthly28-Nov-20193.7712

 30-Oct-20194.7148
 27-Sep-20193.0581
 29-Aug-20193.8060
 30-Jul-20194.4357
 27-Jun-20193.7892
 30-May-20194.9065
 26-Apr-20194.5299
 28-Mar-20194.4237
 27-Feb-20194.1686
 30-Jan-20195.2268
 28-Dec-20184.5870
 29-Nov-20184.6987
 30-Oct-20185.0538
 27-Sep-20184.0455
 30-Aug-20184.5079
 30-Jul-20184.6490
 28-Jun-20184.4200
 30-May-20184.7640
 26-Apr-20184.5777
 27-Mar-20183.9145
 27-Feb-20183.7976
 30-Jan-20184.4274
 28-Dec-20173.7323
 29-Nov-20173.8986

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: www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM

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