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Invesco India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.69 -0.07 0.06 0.96 1.83 3.95 10.03 7.59 7.20 7.49 --
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 4.14 4.44 4.77 --
Debt: Banking and PSU 1.97 -0.09 -0.01 1.17 2.06 4.43 10.85 7.88 8.12 8.41 --
Rank within category 16 6 2 15 14 14 15 14 12 5 --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.06 (10-May-2013 - 17-May-2013) -1.60 (09-Jul-2013 - 16-Jul-2013)
Month 2.33 (15-Apr-2013 - 15-May-2013) -1.85 (17-Jun-2013 - 17-Jul-2013)
Quarter 4.08 (28-Feb-2013 - 30-May-2013) -2.17 (20-May-2013 - 19-Aug-2013)
Year 10.58 (01-Nov-2018 - 01-Nov-2019) 4.40 (24-Nov-2016 - 24-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.05 1.35 1.02 2.32 3.43 6.89
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.18 2.04 0.86 1.66 4.66 9.00
Rank within category 12 2 5 4 3 17
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 17 10 68
Modified Duration (yrs) 1.96 2.51 1.69 2.56
Average Maturity (yrs) 2.49 3.13 2.07 3.11
Yield to Maturity (%) 6.45 7.95 6.25 6.75

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 9.35 9.26
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 9.46 8.82
equal Export-Import Bank 25/03/2020 Certificate of Deposit A1+ 0.00 - 10.23 8.48
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 8.55 8.00
new Indusind Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 7.42 7.42
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 10.30 6.49
equal 8.40% Power Grid Corporation 14/09/2021 Bonds AAA 6.47 - 10.41 6.47
equal 8.34% HUDCO 2022 Debenture AAA 6.30 - 10.09 6.30
equal 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 9.34 5.85
equal 7.46% REC 28/02/2022 Non Convertible Debenture AAA 5.77 - 9.15 5.77
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 5.72 - 9.99 5.72
equal 8.69% LIC Housing Fin. 19/04/2022 Zero Coupon Bonds AAA 5.28 - 8.48 5.28
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 3.39 3.35
equal 7.35% BPCL 2022 Bonds AAA 2.89 - 4.66 2.89
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.00 - 2.75 2.71
equal 9.95% Food Corporation of India 2022 Bonds AAA 1.22 - 1.97 1.22
equal 7.65% IRFC 15/03/2021 Debenture AAA 0.00 - 1.55 0.97

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-Jan-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:


-0.07%

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

Growth: ₹ 1,678.7038

Dividend Monthly: ₹ 1,009.2610

Dividend Daily: ₹ 1,001.8914


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: 7.49%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 53 Cr (As on 31-Jan-2020)
Expense: 0.66% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-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
 30-May-20184.1571
 26-Apr-20182.1129
 27-Mar-20187.0062
 27-Feb-20183.1710
Dividend Daily26-Feb-20200.0774

 24-Feb-20200.8864
 17-Feb-20200.5024
 14-Feb-20200.2021
 13-Feb-20200.5363
 11-Feb-20200.1758
 10-Feb-20200.5087
 07-Feb-20201.6555
 06-Feb-20201.9353
 05-Feb-20200.1574
 04-Feb-20200.5137
 03-Feb-20201.0857
 28-Jan-20200.3774
 27-Jan-20200.4846
 24-Jan-20200.4614
 23-Jan-20200.1543
 22-Jan-20200.6152
 21-Jan-20200.2204
 20-Jan-20200.5172
 17-Jan-20200.1822
 16-Jan-20200.1327
 13-Jan-20200.2830
 09-Jan-20200.0725
 08-Jan-20200.2261
 07-Jan-20200.1654

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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