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3 star

Invesco India Ultra Short Term Fund


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 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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(₹)
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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 3.72 0.02 0.04 0.27 1.81 3.17 6.39 6.98 7.72 8.25 --
CCIL T Bill Liquidity Weight* 2.16 0.00 0.02 0.13 0.63 1.82 3.64 4.05 4.27 4.76 --
Debt: Ultra Short Duration* 3.60 0.02 0.08 0.45 1.76 3.04 6.23 6.28 6.84 7.62 --

As on 03-Aug-2020

* As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Ultra Short Term Fund  | Invest Online
3 star
Dec-10 6.39 6.98 7.72 0.89 602
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.87 7.73 8.13 0.45 11,830
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 7.13 7.58 7.51 0.49 9,750
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 7.00 7.24 7.50 0.76 9,189
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 7.22 -- -- 0.64 7,697

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.20 (24-Mar-2020 - 31-Mar-2020) -1.71 (10-Jul-2013 - 17-Jul-2013)
Month 1.96 (19-Dec-2014 - 19-Jan-2015) -2.29 (17-Jun-2013 - 17-Jul-2013)
Quarter 3.85 (20-Oct-2014 - 19-Jan-2015) -1.85 (21-May-2013 - 20-Aug-2013)
Year 11.40 (28-Jan-2014 - 28-Jan-2015) 5.12 (06-Aug-2012 - 06-Aug-2013)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.80 0.56 2.84 6.45 0.94 2.70
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Ultra Short Duration 6.03 1.68 1.69 4.06 0.91 1.89

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 27 19 31
Modified Duration (yrs) 0.43 0.46 0.39 0.37
Average Maturity (yrs) 0.45 0.49 0.42 0.42
Yield to Maturity (%) 3.82 7.34 3.82 4.54

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 9.30 9.30
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 9.55 8.41
equal Invesco Inida Liquid Fund - Direct Plan Mutual Fund -- 0.00 - 8.53 8.33
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 9.15 8.16
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.79 5.66
new Kotak Mahindra Prime 23/12/2020 Debenture AAA 0.00 - 5.09 5.09
equal 7.14% HUDCO 22/12/2020 Non Convertible Debenture AAA 0.00 - 4.33 4.22
equal 7.08% SIDBI 21/12/2020 Non Convertible Debenture AAA 0.00 - 4.81 4.22
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 5.57 4.21
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 7.19 4.20
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 0.00 - 4.78 4.19
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 4.31 4.19
equal Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 4.52 4.05
up Grasim Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 3.23 3.23
equal 7.65% IRFC 15/03/2021 Debenture AAA 0.00 - 2.80 2.73
new 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 2.59 2.59
equal 8.32% Power Grid Corporation 23/12/2020 Bonds AAA 0.00 - 1.93 1.70
equal 8.54% NHPC 26/11/2020 Bonds AAA 0.00 - 1.93 1.69
down Bank of Baroda 26/04/2021 Certificate of Deposit A1+ 0.00 - 2.47 1.53
new HDB Financial Services 2021 Zero Coupon Bonds AAA 0.00 - 1.02 1.02
equal 7.40% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 1.03 1.00
new 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.00 - 0.86 0.86
new 8.18% NTPC 31/12/2020 Bonds AAA 0.00 - 0.85 0.85
equal 9.60% Bajaj Finance 28/09/2020 Debenture AAA 0.00 - 0.96 0.84
equal 6.84% NHPC 24/01/2021 Non Convertible Debenture AAA 0.00 - 0.77 0.67

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-Jun-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:


0.01%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 2,086.9254

Dividend Yearly: ₹ 1,076.4470

More

Dividend Quarterly: ₹ 1,127.9953

Dividend Monthly: ₹ 1,021.9296

Dividend Daily: ₹ 1,101.7743


Investment Strategy

The scheme seeks to primarily generate accrual income by investing in a portfolio of short term Money Market and Debt 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: 30-Dec-2010
Return Since Launch: 7.96%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 602 Cr (As on 30-Jun-2020)
Expense: 0.89% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly30-Jul-20204.6381

 29-Jun-20205.0961
 28-May-20204.7130
 29-Apr-20205.7480
 30-Mar-20202.8206
 27-Feb-20203.0696
 30-Jan-20203.5207
 30-Dec-20193.8845
 28-Nov-20194.1487
 30-Oct-20194.2123
 27-Sep-20193.5717
 29-Aug-20194.3341
 30-Jul-20196.8388
 27-Jun-20194.0956
 30-May-20195.3514
 26-Apr-20193.9838
 28-Mar-20195.3844
 27-Feb-20193.2032
 30-Jan-20196.5054
 28-Dec-20184.7743
 29-Nov-20184.6805
 30-Oct-20185.0598
 27-Sep-20182.5101
 30-Aug-20184.0797
 30-Jul-20184.0128
Dividend Quarterly15-Jun-202014.2796

 16-Mar-20206.4696
 16-Dec-201920.5542
 16-Sep-201928.5089
 15-Mar-20193.1040
 15-Jun-201884.4077
 15-Mar-201856.5211
 15-Sep-201711.3520
 15-Jun-201715.9029
 15-Mar-201714.1270
 15-Dec-201615.4412
 15-Sep-201618.0763
 15-Jun-201619.0973
 15-Mar-201616.9633
 15-Dec-201519.5951
 15-Sep-201520.3318
 15-Jun-20156.9482
 17-Jun-201317.3943
 15-Mar-20130.1299
 17-Dec-20120.2346
 17-Sep-20120.1154
 15-Jun-20120.1690
 15-Mar-20120.1780
 15-Dec-20110.2467
 15-Sep-20110.1239
Dividend Yearly16-Mar-202062.7421

 15-Mar-201927.8838
 15-Mar-2018255.3279
 15-Mar-201662.6381
 16-Mar-201517.7753
 18-Mar-201411.7258
 15-Mar-20130.6572
 15-Mar-20120.6298
 15-Mar-20110.0606
Dividend Daily11-Mar-20200.1611

 09-Mar-20200.3907
 05-Mar-20200.1218
 04-Mar-20200.6168
 03-Mar-20200.0632
 02-Mar-20200.2691
 27-Feb-20200.0007
 26-Feb-20200.1126
 25-Feb-20200.0312
 24-Feb-20200.3154
 20-Feb-20200.1986
 18-Feb-20200.0550
 17-Feb-20200.2986
 14-Feb-20200.0999
 13-Feb-20200.1155
 12-Feb-20200.0427
 11-Feb-20200.2080
 10-Feb-20200.3529
 07-Feb-20200.2444
 06-Feb-20200.3485
 05-Feb-20200.1359
 04-Feb-20200.1208
 03-Feb-20200.3761
 31-Jan-20200.0939
 30-Jan-20200.0648

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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