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4 star

Invesco India Financial Services Fund - Direct Plan


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 1.00 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.30 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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 -24.90 -2.17 -4.56 5.20 11.79 -25.82 -17.56 -0.08 7.56 13.30 --
S&P BSE Bankex TRI -33.92 -3.06 -5.47 3.11 8.10 -33.68 -29.30 -3.45 2.85 9.55 --
Equity: Sectoral-Banking -28.75 -2.41 -4.52 5.48 12.39 -29.28 -22.84 -3.39 4.27 10.30 --
Rank within category 2 5 8 8 8 3 2 4 2 2 --
Number of funds in category 13 13 13 13 13 13 12 11 10 7 0

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Financial Services Fund - Direct Plan  | Invest Online
4 star
Jan-13 -17.56 -0.08 7.56 1.67 184
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 -19.02 2.43 9.91 1.16 1,350
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 -15.36 0.50 -- 1.08 434
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 -27.31 -5.09 5.70 1.19 2,538
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 -34.86 -8.79 1.48 1.55 1,972

Best & Worst Performance

Best (Period) Worst (Period)
Week 16.83 (03-Sep-2013 - 10-Sep-2013) -24.80 (16-Mar-2020 - 23-Mar-2020)
Month 23.60 (22-May-2020 - 23-Jun-2020) -41.95 (20-Feb-2020 - 23-Mar-2020)
Quarter 40.38 (17-Feb-2014 - 19-May-2014) -41.66 (23-Dec-2019 - 23-Mar-2020)
Year 89.30 (31-Jan-2014 - 02-Feb-2015) -33.36 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.58 26.06 -0.03 -0.03 0.88 1.86
S&P BSE Bankex TRI 2.36 29.12 -0.10 -0.10 -- --
Equity: Sectoral-Banking 1.85 28.44 -0.11 -0.12 0.95 -0.67
Rank within category 4 3 4 4 3 4
Number of funds in category 11 11 11 11 11 11

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

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 18
Top 10 Stocks (%) 86.11
Top 5 Stocks (%) 71.84
Top 3 Sectors (%) 96.82
Portfolio P/B Ratio 2.68
Portfolio P/E Ratio 22.27

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,02,898 1,59,142
Giant (%) 80.63 74.90
Large (%) 13.30 7.41
Mid (%) 2.04 16.09
Small (%) 4.02 3.96
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 21.59 34.79 23.69 27.77
equal ICICI Bank Financial 23.75 17.29 11.23 13.63
equal HDFC Financial 14.62 14.40 0.00 12.71
up Kotak Mahindra Bank Financial 29.85 11.51 2.09 11.51
up Axis Bank Financial 66.31 9.90 0.00 6.22
equal Muthoot Finance Financial 13.85 3.48 0.00 3.48
equal ICICI Lombard General Insurance Company Financial 47.82 3.10 0.00 2.72
equal Bajaj Finance Financial 37.29 7.76 0.40 2.71
equal Central Depository Services Financial 29.06 2.72 0.00 2.69
up SBI Life Insurance Company Financial 60.23 2.67 0.00 2.67
up Can Fin Homes Financial 12.79 2.08 0.00 2.08
up ICICI Prudential Life Insurance Co. Ltd. Financial 57.44 2.07 0.00 2.07
up SBI Cards & Payments Services Financial 52.65 1.67 0.00 1.67
up HDFC Asset Management Company Financial 41.69 1.43 0.00 1.36
down Cholamandalam Invest. & Fin. Financial 15.85 4.89 0.80 1.24
down Multi Commodity Exchange India Financial 28.02 3.27 0.48 0.90
up Equitas Holdings Financial 9.56 3.87 0.00 0.74
up City Union Bank Financial 19.29 2.19 0.00 0.65

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-Jun-2020

Fund Manager

— Dhimant Kothari since 01-Jun-2018

Education: Mr. Kothari is a Chartered Accountant and holds a Commerce degree.

Experience: In his last assignment, he was working as Senior Manager – Research with Credit Analysis and Research Ltd., His other assignments include Lotus India Asset Management and CRISIL Ltd.

Funds Managed:

— Hiten Jain since 19-May-2020

Education: Mr. Jain has done BE, CFA and MBA (Finance)

Experience: Prior to joining Invesco India Mutual Fund, he has worked with CRISIL Limited and Dunia Finance LLC Dubai.


-2.17%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 53.1800

Dividend: ₹ 27.4400


Investment Strategy

The scheme seeks to generate capital appreciation from a portfolio of Equity and Equity Related Instruments of companies engaged in the business of banking and financial services.

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 (₹) --
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 10.95%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 184 Cr (As on 30-Jun-2020)
Expense: 1.67% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 51.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-Feb-20192.6562

 30-Nov-20153.2000
 03-May-20132.5000

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

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM