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3 star

Invesco India Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

"Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 3.69 0.03 0.10 0.52 0.56 2.15 3.95 8.77 5.93 7.81 --
VR Bond 2.68 0.01 0.10 0.60 1.14 2.12 2.88 6.14 5.55 6.65 --
Debt: Corporate Bond 3.85 0.04 0.11 0.52 0.73 2.32 4.14 8.28 7.19 8.09 --
Rank within category 11 11 13 9 16 14 12 6 12 9 --
Number of funds in category 20 21 21 21 21 21 20 17 13 12 0

As on 06-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Corporate Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.95 8.77 5.93 0.25% 3,512
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.82 8.67 7.63 0.27% 20,838
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.52 8.79 7.80 0.30% 19,779
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.36 8.17 7.73 0.32% 10,788
Nippon India Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.31 7.90 7.49 0.22% 3,925

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.87 24-Mar-2020 - 31-Mar-2020 -2.63 02-Feb-2017 - 09-Feb-2017
Month 5.29 25-Oct-2016 - 24-Nov-2016 -3.52 25-Nov-2016 - 27-Dec-2016
Quarter 7.55 25-Aug-2016 - 24-Nov-2016 -4.49 24-Nov-2016 - 23-Feb-2017
Year 18.48 24-Nov-2015 - 24-Nov-2016 -0.75 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.56 2.08 2.29 4.97 0.57 3.40
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Corporate Bond 8.11 2.50 1.96 3.64 0.64 2.78
Rank within category 6 8 6 3 7 1
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 90 91 62 97
Modified Duration (yrs) 2.11 2.14 1.82 --
Average Maturity (yrs) 2.49 2.51 2.06 --
Yield to Maturity (%) 5.18 5.18 4.36 --
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
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.07 3.12
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.00 3.00
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 3.21 2.92
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.74 2.63
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 2.51 2.51
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 1.67 - 2.72 2.46
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 2.95 2.30
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 2.73 2.14
down 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 2.75 1.98
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 1.98 - 2.61 1.98
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 2.18 1.97
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.33 - 1.94 1.86
down 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 1.22 - 2.60 1.70
equal 7.50% HDB Financial Services 23/12/2022 Debenture AAA 1.12 - 1.79 1.62
equal 5.40% HDFC 2023 Bonds/NCDs AAA 1.58 - 2.07 1.58
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 1.53 - 3.59 1.53
equal 7.68% GOI 15/12/2023 GOI Securities SOV 1.52 - 10.30 1.52
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 0.00 - 1.84 1.45
equal 8.65% Power Finance Corporation 28/12/2024 Bonds AAA 0.00 - 1.49 1.42
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 1.43 1.39
up 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.00 - 1.35 1.35
equal 7.20% Larsen & Toubro 20/04/2023 Debenture AAA 1.35 - 1.79 1.35
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 1.34 - 2.66 1.34
equal 6.78% Mahindra & Mahindra 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.66 1.34
equal 6.30% Rajasthan State 2023 State Development Loan SOV 1.34 - 1.76 1.34

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:


0.03%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 2,705.1959

IDCW Yearly: ₹ 1,263.5299

More

IDCW Quarterly: ₹ 1,141.0440

IDCW Monthly: ₹ 1,256.3609

Discretionary IDCW: ₹ 2,706.0425


Investment Strategy

The fund generates regular and stable income by investing predominantly in bonds issued by corporates. The scheme will invest in bonds which are rated AA+/ AAA by credit rating agencies.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 12
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: 7.84%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,512 Cr (As on 30-Nov-2021)
Expense: 0.25% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly29-Nov-20215.3144

 28-Oct-20210.9079
 29-Sep-20212.5378
 30-Aug-20218.3366
 29-Jul-20218.6539
 29-Jun-20210.5339
 28-May-20216.4392
 29-Apr-20219.8647
 30-Mar-20211.9499
 30-Dec-20203.3079
 26-Nov-202011.8928
 28-Oct-202013.0861
 29-Sep-20207.2478
 28-Aug-20201.6925
 30-Jul-202012.7543
 29-Jun-202021.2455
 28-May-202026.8958
 29-Apr-20204.9353
 27-Feb-20208.8217
 30-Jan-20208.4726
 30-Dec-20191.1235
 28-Nov-20197.9689
 30-Oct-201912.7398
 27-Sep-20193.4397
 29-Aug-201911.5731
IDCW Quarterly15-Sep-202115.9136

 15-Jun-202123.8910
 15-Mar-202111.8202
 15-Dec-202022.8115
 15-Sep-202025.9578
 15-Jun-202020.1578
 16-Mar-202016.4028
 15-Dec-201915.9101
 15-Sep-201917.0868
 14-Jun-201916.2919
 15-Mar-201922.4218
 14-Dec-201815.9807
 15-Sep-201813.9791
 15-Mar-20189.0160
 15-Sep-20176.0087
 15-Dec-201626.3448
 15-Sep-201617.6147
 15-Jun-201629.9814
 15-Mar-20164.2160
 15-Dec-201513.1308
 15-Sep-201512.0474
 15-Mar-201513.2965
 15-Dec-201418.1822
 15-Jun-201444.5043
 15-Jun-201334.2796
IDCW Yearly15-Mar-2021107.1397

 16-Mar-202098.1957
 15-Mar-2019680.5618
 15-Mar-20131.5714

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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