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Invesco India Gilt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.

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 0.33 0.16 0.37 0.17 1.01 1.59 11.04 5.98 7.82 8.44 --
CCIL All Sovereign Bond - TRI 0.68 0.11 0.46 0.62 1.96 2.23 12.82 7.32 8.66 8.97 --
Debt: Gilt 0.58 0.15 0.52 0.47 1.52 2.64 12.03 6.75 8.31 8.99 --
Rank within category 19 8 19 20 20 21 17 18 17 13 --
Number of funds in category 21 21 21 21 21 21 21 21 21 19 0

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.17 (19-Aug-2013 - 26-Aug-2013) -4.43 (12-Aug-2013 - 19-Aug-2013)
Month 6.55 (04-Nov-2016 - 05-Dec-2016) -6.52 (19-Jul-2013 - 19-Aug-2013)
Quarter 9.23 (16-Apr-2019 - 16-Jul-2019) -8.90 (20-May-2013 - 19-Aug-2013)
Year 20.58 (02-Dec-2015 - 01-Dec-2016) -3.22 (14-Jun-2017 - 14-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.33 4.57 0.13 0.26 0.83 -0.70
CCIL All Sovereign Bond - TRI 7.31 5.14 0.31 0.57 -- --
Debt: Gilt 6.85 4.16 0.28 0.56 0.75 -0.06
Rank within category 16 15 18 16 16 18
Number of funds in category 21 21 21 21 21 21

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 5 3 8
Modified Duration (yrs) 6.14 7.00 4.35 5.35
Average Maturity (yrs) 8.50 10.47 6.66 7.86
Yield to Maturity (%) 6.58 7.45 6.49 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 39.02 38.84
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 19.45 19.42
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 60.27 19.38
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.17 8.16
equal 6.79% GOI 15/05/2027 GOI Securities SOV 4.90 - 6.42 5.01

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-Dec-2019

Fund Manager

— Sujoy Kumar Das since 01-Jan-2013

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:


-0.09%

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

Growth: ₹ 2,223.1400

Dividend Yearly: ₹ 1,163.2329

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Dividend Quarterly: ₹ 1,027.3644

Dividend Monthly: ₹ 1,734.9390


Investment Strategy

The scheme seeks to generate returns by investing predominantly in a portfolio of securities issued and guaranteed by Central and State Government across maturities.

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 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.47%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 26 Cr (As on 31-Dec-2019)
Expense: 0.54% (As on 31-Dec-2019)
Risk Grade: High
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly15-Sep-201975.3619

 15-Jun-20186.8412
 15-Mar-201849.5109
 15-Sep-20177.7600
 15-Jun-201714.6295
 15-Mar-201719.3368
 15-Dec-201652.6874
 15-Sep-201625.2344
 15-Jun-201625.5222
 15-Mar-20160.4194
 15-Dec-20155.0198
 15-Dec-201431.7620
 15-Sep-20144.5379
 15-Jun-201426.7701
 15-Jun-201329.5104
 15-Mar-20130.2157
Dividend Monthly27-Jun-201315.5151

 27-Feb-20130.2428
Dividend Yearly15-Mar-20130.2370

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM