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Invesco India Money Market Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 0.97 0.00 0.09 0.46 1.36 3.05 6.87 7.27 7.70 8.30 --
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: Money Market 0.95 0.00 0.10 0.46 1.38 3.25 7.61 7.27 7.67 8.14 --
Rank within category 9 15 15 13 13 16 16 10 7 4 --
Number of funds in category 19 19 19 19 19 19 17 13 13 13 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.26 (18-Sep-2013 - 25-Sep-2013) -0.04 (09-Jul-2013 - 16-Jul-2013)
Month 1.05 (30-Aug-2013 - 01-Oct-2013) 0.37 (02-Dec-2019 - 01-Jan-2020)
Quarter 2.94 (24-Jul-2013 - 23-Oct-2013) 1.36 (29-Nov-2019 - 28-Feb-2020)
Year 10.60 (26-Jul-2013 - 28-Jul-2014) 6.87 (28-Feb-2019 - 28-Feb-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.05 0.24 5.70 9.12 0.44 2.10
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 7.05 0.70 3.24 7.87 0.99 2.98
Rank within category 11 1 1 7 2 13
Number of funds in category 15 15 15 15 15 15

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 24 47 21 41
Modified Duration (yrs) 0.41 0.48 0.06 0.34
Average Maturity (yrs) 0.43 0.50 0.07 0.33
Yield to Maturity (%) 5.80 8.01 5.51 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal ICICI Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 9.79 8.50
new SIDBI 182-D 16/07/2020 Commercial Paper A1+ 0.00 - 8.10 8.10
equal Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 7.06 6.13
up Export-Import Bank 24/06/2020 Certificate of Deposit A1+ 0.00 - 6.10 6.10
equal Kotak Mahindra Prime 264-D 20/07/2020 Commercial Paper A1+ 0.00 - 6.97 6.06
up HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 5.30 5.30
equal Bajaj Finance 364-D 26/06/2020 Commercial Paper A1+ 0.00 - 5.60 4.87
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 4.08 4.08
up National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 4.07 4.07
down Axis Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 5.62 4.06
equal National Bank Agr. Rur. Devp 16/07/2020 Commercial Paper A1+ 0.00 - 4.66 4.05
equal Grasim Industries 316-D 22/09/2020 Commercial Paper A1+ 0.00 - 4.61 4.00
new Bank of Baroda 25/11/2020 Certificate of Deposit A1+ 0.00 - 3.97 3.97
new HDFC 344-D 03/11/2020 Commercial Paper A1+ 0.00 - 3.96 3.96
new Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 3.90 3.90
equal Adani Ports and Special Economic Zone 88-D 20/03/2020 Commercial Paper A1+ 0.00 - 3.32 2.89
new Bajaj Housing Finance 339-D 21/08/2020 Commercial Paper A1+ 0.00 - 2.41 2.41
new Alembic Pharmaceuticals 88-D 17/04/2020 Commercial Paper A1+ 0.00 - 2.05 2.05
down SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 4.71 2.05
equal HDB Financial Services 364-D 06/05/2020 Commercial Paper A1+ 0.00 - 2.36 2.05
equal Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 2.35 2.04
new Axis Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 2.03 2.03
new Indusind Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 2.03 2.03
new National Bank Agr. Rur. Devp 313-D 08/06/2020 Commercial Paper A1+ 0.00 - 1.63 1.63

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

— Krishna Venkat Cheemalapati since 04-Jan-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:

— 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:


0.00%

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

Growth: ₹ 2,303.2472

Dividend Monthly: ₹ 1,017.7222

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Dividend Daily: ₹ 1,000.6427

Discretionary Dividend: ₹ 2,063.1167


Investment Strategy

The scheme seeks to generate superior risk-adjusted returns by investing in Money Market Instruments

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: 01-Jan-2013
Return Since Launch: 8.32%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,203 Cr (As on 31-Jan-2020)
Expense: 0.25% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Feb-20200.0524

 26-Feb-20200.1234
 25-Feb-20200.1080
 24-Feb-20200.3857
 20-Feb-20200.1370
 18-Feb-20200.0867
 17-Feb-20200.3228
 14-Feb-20200.1106
 13-Feb-20200.1799
 12-Feb-20200.1620
 11-Feb-20200.1858
 10-Feb-20200.3671
 07-Feb-20200.1788
 06-Feb-20200.3028
 05-Feb-20200.1329
 04-Feb-20200.1451
 03-Feb-20200.3368
 31-Jan-20200.0915
 30-Jan-20200.1001
 29-Jan-20200.1308
 28-Jan-20200.1079
 27-Jan-20200.3290
 24-Jan-20200.1188
 23-Jan-20200.1586
 22-Jan-20200.1131
Dividend Monthly27-Feb-20203.4753

 30-Jan-20203.7622
 30-Dec-20192.9950
 28-Nov-20193.9173
 30-Oct-20194.8810
 27-Sep-20193.2039
 29-Aug-20193.9570
 30-Jul-20194.6052
 27-Jun-20193.9301
 30-May-20195.0779
 26-Apr-20194.6760
 28-Mar-20194.5648
 27-Feb-20194.3100
 30-Jan-20195.3934
 28-Dec-20184.7335
 29-Nov-20184.8503
 30-Oct-20185.2141
 27-Sep-20184.1869
 30-Aug-20184.6644
 30-Jul-20184.8074
 28-Jun-20184.5664
 30-May-20184.9102
 26-Apr-20184.7293
 27-Mar-20184.0558
 27-Feb-20183.9462

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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