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Invesco India Ultra Short Term Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.37 0.45 1.52 7.87 7.37 7.88 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Ultra Short Duration 6.65 0.48 3.16 6.69 6.32 7.12 --
Rank within category 9 13 15 9 -- -- --
Number of funds in category 23 27 26 23 17 17 12

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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 7.08 0.54 2.42 4.19 1.20 3.32
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Ultra Short Duration 6.24 1.55 1.44 3.16 1.54 3.04
Rank within category 7 7 6 7 8 10
Number of funds in category 19 19 19 19 19 19

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 25 27 19 41
Modified Duration (yrs) 0.43 0.44 0.32 0.36
Average Maturity (yrs) 0.46 0.48 0.36 0.40
Yield to Maturity (%) 5.85 9.12 5.84 6.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.00 - 9.33 9.02
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 9.17 6.70
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.73 6.55
new Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 6.50 6.50
equal ICICI Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 6.62 6.44
new Bajaj Finance 30/06/2020 Debenture AAA 0.00 - 4.08 4.08
equal 8.57% REC 20/08/2020 Non Convertible Debenture AAA 0.00 - 4.61 3.39
equal 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 4.61 3.38
new 7.79% LIC Housing Fin. 19/06/2020 Debenture AAA 0.00 - 3.36 3.36
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 4.55 3.36
new 7.47% Sundaram Finance 2020 Bonds/NCDs AAA 0.00 - 3.35 3.35
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 4.59 3.35
equal 7.78% HDFC 24/03/2020 Debenture AAA 0.00 - 4.58 3.35
new 7.43% HDB Financial Services 28/09/2020 Debenture AAA 0.00 - 3.35 3.35
equal 7.59% REC 13/03/2020 Debenture AAA 0.00 - 5.75 3.35
equal 8.35% Raymond 21/04/2020 Debenture AA 3.11 - 4.55 3.34
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 3.30 3.22
equal HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 3.30 3.21
down Kotak Mahindra Prime 264-D 20/07/2020 Commercial Paper A1+ 0.00 - 6.57 3.20
equal 9.65% Clix Finance India 23/12/2019 Debenture AA- 2.00 - 4.55 2.00
equal 7.59% SIDBI 2022 Non Convertible Debenture AAA 0.00 - 1.83 1.35
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 0.77 0.74
new Kotak Mahindra Prime 2020 Debenture AAA 0.00 - 0.63 0.63
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 0.80 0.07
equal Export-Import Bank 25/03/2020 Certificate of Deposit A1+ 0.00 - 0.35 0.07

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-Nov-2019

Fund Manager

— Nitish Sikand since 13-Dec-2010

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:


0.02%

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

Growth: ₹ 2,007.7496

Dividend Yearly: ₹ 1,121.6682

More

Dividend Quarterly: ₹ 1,136.4396

Dividend Monthly: ₹ 1,021.0260

Dividend Daily: ₹ 1,073.7836


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
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 750 Cr (As on 30-Nov-2019)
Expense: 0.94% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.1273

 12-Dec-20190.1205
 11-Dec-20190.0575
 10-Dec-20190.2563
 09-Dec-20190.0218
 04-Dec-20190.1308
 03-Dec-20190.1283
 02-Dec-20190.3550
 29-Nov-20190.0910
 28-Nov-20190.1276
 27-Nov-20190.1068
 26-Nov-20190.1080
 25-Nov-20190.3541
 22-Nov-20190.1518
 21-Nov-20190.2263
 20-Nov-20190.1479
 19-Nov-20190.1560
 18-Nov-20190.3509
 15-Nov-20190.2667
 14-Nov-20190.1959
 13-Nov-20190.2638
 11-Nov-20190.4108
 08-Nov-20190.0755
 07-Nov-20190.0091
 05-Nov-20190.0959
Dividend Monthly28-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
 28-Jun-20184.8060
 30-May-20183.7180
 26-Apr-20182.5364
 27-Mar-20184.5287
 27-Feb-20183.5411
 30-Jan-20183.9084
 28-Dec-20171.6173
 29-Nov-20173.7359
Dividend Quarterly16-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
 15-Jun-20110.1453
 15-Mar-20110.0611
Dividend Yearly15-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

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]arvy.com

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

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