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3 star

Invesco India Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 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 2.46 0.00 0.03 0.16 0.73 1.51 3.05 5.60 6.20 7.04 7.35
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 3.34 3.61 4.04 4.52
Debt: Ultra Short Duration 2.88 0.01 0.04 0.28 0.90 1.88 3.55 5.52 5.64 6.39 7.49
Rank within category 21 23 22 22 20 21 21 12 -- -- --
Number of funds in category 27 28 28 28 28 27 27 20 14 14 12

As on 22-Oct-2021

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 3.05 5.60 6.20 0.89% 1,059
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.09 6.83 6.96 0.48% 17,747
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.66 6.26 -- 0.64% 16,705
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.28 5.99 6.33 0.77% 12,698
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.43 6.10 6.47 0.49% 11,007

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.05 22-Oct-2020 - 22-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.59 0.75 2.18 5.09 1.48 2.55
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Ultra Short Duration 5.51 1.35 1.86 4.07 1.08 2.23
Rank within category 12 11 11 10 17 9
Number of funds in category 20 20 20 20 20 20

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 47 47 27 39
Modified Duration (yrs) 0.39 0.45 0.33 0.39
Average Maturity (yrs) 0.41 0.47 0.35 0.44
Yield to Maturity (%) 3.84 3.92 3.46 4.25
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 HDFC 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 7.52 4.69
new Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 4.68 4.68
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 4.31 4.31
new 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 3.87 3.80
equal ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 3.80 3.24
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 3.97 2.90
up 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 3.01 2.85
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 2.88 2.44
equal 8.74% Karnataka State 22/02/2022 State Development Loan SOV 0.00 - 3.55 2.41
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 3.55 2.41
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 3.91 2.40
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 7.09 2.38
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 3.88 2.38
new Reserve Bank of India 91-D 02/12/2021 Treasury Bills SOV 0.00 - 2.35 2.35
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 3.41 2.34
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 3.73 2.33
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.73 2.33
equal Kotak Mahindra Investments 358-D 04/02/2022 Commercial Paper A1+ 0.00 - 3.38 2.33
new Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 2.32 2.32
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 2.72 2.32
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 3.92 1.92
equal 7.95% LIC Housing Fin. 24/03/2022 Bonds AAA 0.00 - 2.27 1.92
equal 8.44% REC 2021 Bonds AAA 0.00 - 3.11 1.90
equal Kotak Mahindra Investments 191-D 10/03/2022 Commercial Paper A1+ 0.00 - 2.17 1.86
equal Axis Finance 181-D 31/01/2022 Commercial Paper A1+ 0.00 - 2.18 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 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 27-Jul-2021

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:


0.00%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 2,166.6199

IDCW Yearly: ₹ 1,080.8445

More

IDCW Quarterly: ₹ 1,108.4293

IDCW Monthly: ₹ 1,012.6535

IDCW Daily: ₹ 1,143.9056


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 30-Dec-2010
Return Since Launch: 7.41%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,059 Cr (As on 30-Sep-2021)
Expense: 0.89% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly29-Sep-20211.6712

 30-Aug-20213.2141
 29-Jul-20213.2024
 29-Jun-20212.3519
 28-May-20212.1345
 29-Apr-20213.1384
 30-Mar-202110.5312
 25-Feb-20212.6023
 28-Jan-20210.9842
 30-Dec-20202.4273
 26-Nov-20203.1608
 28-Oct-20204.0915
 29-Sep-20204.5092
 28-Aug-20203.3533
 30-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
IDCW Quarterly15-Sep-20213.8217

 15-Jun-20212.2939
 15-Mar-202115.1152
 15-Dec-202040.0490
 15-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
IDCW Yearly15-Mar-202136.0084

 16-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
IDCW 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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