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1 star

Invesco India Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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.

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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 3.65 0.02 0.14 0.71 1.74 2.29 4.01 8.22 7.25 7.58 --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 --
Debt: Banking and PSU 3.60 0.03 0.09 0.41 1.01 2.21 3.92 8.47 7.38 8.12 --
Rank within category 10 14 4 1 2 11 10 14 11 11 --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 0

As on 26-Nov-2021

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 - Direct Plan  | Invest Online
1 star
Jan-13 4.01 8.22 7.25 0.23% 286
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
Mar-13 3.71 9.30 7.97 0.31% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.02 8.82 7.31 0.37% 18,115
Axis Banking & PSU Debt Fund - Direct Plan
4 star
Jan-13 3.63 8.51 7.87 0.33% 16,526
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.13 8.66 7.16 0.35% 13,926

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.12 24-Mar-2020 - 31-Mar-2020 -3.49 11-Mar-2020 - 18-Mar-2020
Month 4.87 24-Mar-2020 - 23-Apr-2020 -3.71 20-Feb-2020 - 23-Mar-2020
Quarter 8.49 13-Apr-2020 - 13-Jul-2020 -2.10 27-Nov-2020 - 26-Feb-2021
Year 12.29 12-Jul-2019 - 13-Jul-2020 3.33 10-Jul-2020 - 12-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.99 3.26 1.26 1.56 1.90 5.29
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Banking and PSU 8.36 2.46 1.98 3.84 2.37 5.95
Rank within category 14 15 16 16 4 15
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 21 31 13 80
Modified Duration (yrs) 5.82 6.25 4.84 --
Average Maturity (yrs) 8.06 8.83 6.75 --
Yield to Maturity (%) 6.56 7.02 5.84 --
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
up 6.92% Indian Railway Finance Corporation 31/08/2031 Non Convertible Debenture AAA 0.00 - 8.75 8.75
up 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.00 - 7.70 7.70
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 4.87 - 11.09 7.30
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 6.86 6.86
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 10.79 5.53
equal 7.68% Power Finance Corporation 15/07/2030 Non Convertible Debenture AAA 0.00 - 6.48 5.50
equal 6.87% National Bank Agr. Rur. Devp 2030 Bonds/NCDs AAA 0.00 - 6.28 5.30
equal 6.63% Hindustan Petroleum Corporation 2031 Debenture AAA 0.00 - 6.34 5.21
equal 6.45% ICICI Bank 15/06/2028 Debenture AAA 0.00 - 7.57 5.20
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 7.36 5.04
equal 8.11% Export-Import Bank 2031 Bonds AAA 2.05 - 8.77 3.83
new 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 3.82 3.82
equal 7.49% NTPC 2031 Debenture AAA 0.00 - 6.72 3.68
equal 7.38% NHPC 2029 Non Convertible Debenture AAA 1.95 - 4.34 3.64
equal 7.64% Food Corporation of India 2029 Debenture AAA 1.90 - 8.11 3.54
equal 6.80% State Bank of India Additional Tier 2 Bond AAA 1.86 - 7.96 3.45
equal 6.45% GOI 2029 GOI Securities SOV 2.82 - 13.90 2.82
equal 8.30% NTPC 15/01/2029 Debenture AAA 0.00 - 3.89 1.92
equal 7.95% HDFC Bank 21/09/2026 Bonds/Debentures AAA 0.00 - 2.23 1.87
equal 5.85% GOI 2030 GOI Securities SOV 0.00 - 2.02 1.69
equal 6.80% Nuclear Power Corpn. 21/03/2031 Debenture AAA 0.00 - 1.27 0.88

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-Oct-2021

Fund Manager

— Krishna Venkat Cheemalapati since 16-Dec-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 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:


0.02%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 1,972.1965

IDCW Monthly: ₹ 1,015.1749

IDCW Daily: ₹ 1,022.5270


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

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.88%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 286 Cr (As on 31-Oct-2021)
Expense: 0.23% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-Nov-20210.2564

 22-Nov-20211.2202
 18-Nov-20210.6042
 17-Nov-20210.2450
 16-Nov-20210.2010
 15-Nov-20210.2455
 23-Sep-20210.1812
 22-Sep-20210.1812
 21-Sep-20210.1780
 20-Sep-20211.0745
 17-Sep-20210.1763
 16-Sep-20210.8898
 15-Sep-20211.0902
 14-Sep-20210.4962
 13-Sep-20211.4391
 09-Sep-20210.1143
 08-Sep-20211.1841
 06-Sep-20210.0365
 03-Sep-20210.7917
 02-Sep-20211.4886
 01-Sep-20211.0930
 31-Aug-20210.1815
 30-Aug-20210.9885
 14-Jun-20210.5754
 11-Jun-20210.8735
IDCW Monthly29-Sep-20219.8998

 30-Aug-20217.0809
 29-Jul-20211.5003
 28-May-20218.6409
 29-Apr-20213.0601
 28-Jan-20210.7800
 30-Dec-20203.6985
 26-Nov-20202.9596
 28-Oct-202014.9906
 30-Jul-202015.1717
 29-Jun-202015.1383
 28-May-202026.9808
 27-Feb-20207.9792
 30-Jan-20205.5509
 30-Dec-20191.2045
 28-Nov-20196.2352
 30-Oct-20199.0377
 27-Sep-20190.3685
 29-Aug-20198.9938
 30-Jul-201910.0388
 27-Jun-20192.6656
 30-May-201910.6588
 26-Apr-20191.3719
 28-Mar-20199.8338
 27-Feb-20195.5386

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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