VR Logo

2 star

Invesco India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.71 0.28 0.57 1.75 1.28 5.74 10.09 8.66 7.68 7.80 --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 --
Debt: Banking and PSU 8.64 0.09 0.22 1.24 1.38 5.34 10.11 8.47 8.39 8.74 --
Rank within category 11 2 2 2 13 8 12 8 13 9 --
Number of funds in category 19 20 20 20 19 19 19 16 14 10 3

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Banking & PSU Debt Fund  | Invest Online
2 star
Dec-12 10.09 8.66 7.68 0.65 128
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 11.03 9.48 8.60 0.65 18,980
Axis Banking & PSU Debt Fund
5 star
Jun-12 9.76 9.17 8.67 0.62 17,591
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.80 8.95 8.80 0.74 9,277
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 10.99 8.91 8.76 0.80 6,429

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.11 (24-Mar-2020 - 31-Mar-2020) -3.50 (11-Mar-2020 - 18-Mar-2020)
Month 4.82 (24-Mar-2020 - 23-Apr-2020) -3.76 (20-Feb-2020 - 23-Mar-2020)
Quarter 8.35 (13-Apr-2020 - 13-Jul-2020) -2.17 (20-May-2013 - 19-Aug-2013)
Year 11.77 (12-Jul-2019 - 13-Jul-2020) 4.40 (24-Nov-2016 - 24-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.79 2.20 1.24 2.12 1.54 4.52
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Banking and PSU 7.94 2.36 1.32 2.65 2.24 5.48
Rank within category 14 10 13 13 3 14
Number of funds in category 17 17 17 17 17 17

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 17 8 82
Modified Duration (yrs) 6.06 6.26 1.96 2.88
Average Maturity (yrs) 8.73 9.17 2.49 3.75
Yield to Maturity (%) 6.59 7.24 6.05 5.39
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.11% Export-Import Bank 2031 Bonds AAA 0.00 - 8.59 8.59
equal 7.25% Nuclear Power Corpn. 15/12/2030 Bonds AAA 0.00 - 8.15 8.15
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 6.99 - 10.58 8.10
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 9.36 8.02
equal 7.03% HPCL 2030 Debenture AAA 0.00 - 8.63 7.90
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 7.86 7.86
equal 6.80% State Bank of India 21/08/2035 Non Convertible Debenture AAA 0.00 - 7.83 7.83
new 7.41% Indian Oil Corp. 22/10/2029 Debenture AAA 0.00 - 7.36 7.36
down 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 11.54 7.32
down 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 11.16 6.43
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.00 - 9.86 4.33
equal 7.38% NHPC 2029 Non Convertible Debenture AAA 0.00 - 9.44 4.06
down 7.08% IRFC 28/02/2030 Debenture AAA 0.00 - 12.31 3.98
equal 5.25% ONGC 2025 Debenture AAA 0.00 - 3.88 3.88
down 8.37% HUDCO 25/03/2029 Debenture AAA 0.00 - 11.30 3.36

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-2020

Fund Manager

— 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:

— Vikas Garg since 26-Sep-2020

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:


0.28%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 1,794.6188

Dividend Monthly: ₹ 1,036.9611

Dividend Daily: ₹ 1,003.7200


Investment Strategy

The fund generates returns by investing primarily in debt & Money Market Instruments issued by Banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.

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: 29-Dec-2012
Return Since Launch: 7.76%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 128 Cr (As on 30-Sep-2020)
Expense: 0.65% (As on 30-Sep-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20202.8188

 22-Oct-20200.2799
 21-Oct-20201.5794
 15-Oct-20201.9993
 14-Oct-20201.0133
 13-Oct-20200.0835
 03-Sep-20203.1678
 05-Aug-20200.5761
 04-Aug-20200.3644
 03-Aug-20200.3029
 31-Jul-20200.2429
 16-Jul-20200.7326
 15-Jul-20200.0968
 13-Jul-20201.5363
 10-Jul-20203.6568
 09-Jul-20200.5328
 08-Jul-20203.8393
 07-Jul-20202.5516
 06-Jul-20201.0893
 02-Jul-20201.3277
 01-Jul-20200.6370
 30-Jun-20200.5900
 29-Jun-20200.7378
 26-Jun-20202.0032
 25-Jun-20200.7769
Dividend Monthly29-Sep-20206.4443

 30-Jul-20206.5111
 29-Jun-20205.2776
 28-May-202022.4564
 27-Feb-20208.3639
 30-Jan-20204.6312
 30-Dec-20193.5094
 28-Nov-20194.0146
 30-Oct-20198.2030
 27-Sep-20190.1374
 29-Aug-20198.7515
 30-Jul-20199.7736
 27-Jun-20192.4437
 30-May-201910.3830
 26-Apr-20191.1412
 28-Mar-20199.6001
 27-Feb-20195.3117
 30-Jan-20194.5149
 28-Dec-20184.9257
 29-Nov-20186.5281
 30-Oct-20185.1669
 27-Sep-20181.6901
 30-Aug-20183.4453
 30-Jul-20184.3070
 28-Jun-20184.0238

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

Upcoming Video

Investors' Hangout

Alternatives for a fixed-income investor

dateFriday, 06-Nov-2020
time12:30 PM - 01:00 PM