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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
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 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 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.

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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(₹)
cal
cal

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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 4.79 0.03 0.05 0.25 0.92 3.49 6.39 7.00 7.16 7.79 8.27
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 3.97 4.18 4.62 4.76
Debt: Money Market 4.56 0.03 0.06 0.28 1.02 3.17 6.30 7.04 7.23 7.72 8.08
Rank within category 9 13 14 14 13 9 10 9 10 9 2
Number of funds in category 18 19 19 19 19 19 18 12 12 12 11

As on 28-Sep-2020

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
2 star
 Aug-09 6.39 7.00 7.16 0.55 562
HDFC Money Market Fund  | Invest Online
4 star
 Nov-99 7.16 7.52 7.37 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 7.17 7.72 7.58 0.34 9,969
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.87 7.45 7.40 0.33 9,757
Nippon India Money Market Fund  | Invest Online
4 star
 Jun-05 6.63 7.50 7.40 0.25 5,991

Best & Worst Performance

Best (Period) Worst (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) 5.27 (10-Dec-2009 - 10-Dec-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.88 0.51 3.42 6.65 0.38 2.18
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Money Market 6.81 0.80 2.97 6.99 0.79 2.59
Rank within category 10 6 8 9 2 12
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 24 14 34
Modified Duration (yrs) -- 0.67 0.25 0.31
Average Maturity (yrs) 0.42 0.70 0.27 0.31
Yield to Maturity (%) 3.66 5.92 3.55 3.58
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 Reserve Bank of India 182-D 31/12/2020 Treasury Bills SOV 0.00 - 13.21 13.21
equal 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 9.02 9.02
equal ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 9.54 8.79
equal Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 9.40 8.75
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 9.48 8.74
equal Sundaram Finance 262-D 26/02/2021 Commercial Paper A1+ 0.00 - 9.33 8.73
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 9.27 8.73
new Indusind Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 4.41 4.41
equal Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 7.86 4.38
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 9.44 4.37
down National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 9.48 4.37
new Aadhar Housing Finance 180-D 17/02/2021 Commercial Paper A1+ 0.00 - 4.00 4.00
new IDFC First Bank 16/02/2021 Certificate of Deposit A1+ 0.00 - 3.15 3.15
equal Kotak Mahindra Bank 2021 Certificate of Deposit A1+ 0.00 - 2.86 2.63
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 9.47 2.62
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 0.96 0.88
equal Grasim Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 3.78 0.87

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-Aug-2020

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:

— Sujoy Kumar Das since 04-Jan-2020

Education: Mr. Das is a B.Sc.(Economics) and PGDBA (Finance and International Business)

Experience: Prior to joining Invesco Mutual Fund he has worked with BOI AXA Mutual Fund, DSP Mutual Fund and HDFC Bank.

Funds Managed:

Invest Online
0.03%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 2,348.4238

Dividend Monthly: ₹ 1,020.3321

More

Dividend Daily: ₹ 1,000.2900

Discretionary Dividend: ₹ 2,351.4358

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
Return Since Launch: 8.00%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 562 Cr (As on 31-Aug-2020)
Expense: 0.55% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0838

 24-Sep-20200.0360
 23-Sep-20200.0708
 22-Sep-20200.0833
 21-Sep-20200.2766
 18-Sep-20200.0485
 17-Sep-20200.0962
 16-Sep-20200.0329
 15-Sep-20200.0541
 14-Sep-20200.2512
 11-Sep-20200.0886
 10-Sep-20200.0213
 09-Sep-20200.0739
 08-Sep-20200.0438
 07-Sep-20200.2518
 04-Sep-20200.0576
 03-Sep-20200.1077
 02-Sep-20200.0475
 01-Sep-20200.2673
 31-Aug-20200.2749
 28-Aug-20200.0764
 27-Aug-20200.0348
 26-Aug-20200.0340
 24-Aug-20200.1621
 21-Aug-20200.1372
Dividend Monthly28-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
 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
Discretionary Dividend31-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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