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1 star

Invesco India Gilt Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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 sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

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 1.53 -0.02 0.00 0.78 0.55 1.69 1.93 7.61 5.41 7.61 --
CCIL All Sovereign Bond - TRI 2.78 0.06 -0.12 1.01 1.94 2.87 3.23 9.98 6.91 8.81 --
Debt: Gilt 3.12 -0.04 -0.02 0.58 0.81 2.56 3.69 9.33 6.67 8.56 --
Rank within category 21 9 6 3 21 22 21 19 19 19 --
Number of funds in category 21 24 24 24 23 23 21 21 21 21 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Gilt Fund - Direct Plan  | Invest Online
1 star
Jan-13 1.93 7.61 5.41 0.48% 23
ICICI Prudential Gilt Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.67 10.37 7.24 0.56% 3,273
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 3.45 10.96 7.93 0.62% 2,041
Kotak Gilt Investment Provident Fund and Trust Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.42 10.34 7.15 0.40% 1,942
Kotak Gilt Investment - Direct Plan  | Invest Online
4 star
Jan-13 4.42 10.34 7.15 0.23% 1,942

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.45 3.65 1.01 1.67 0.76 -0.81
CCIL All Sovereign Bond - TRI 9.65 4.57 1.28 1.80 -- --
Debt: Gilt 9.05 3.58 1.47 2.39 0.72 1.05
Rank within category 19 12 21 19 16 21
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 5 3 14
Modified Duration (yrs) 7.02 7.90 2.91 --
Average Maturity (yrs) 13.95 15.12 4.09 --
Yield to Maturity (%) 6.23 6.37 4.54 --
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 50.61 50.61
equal 6.76% GOI 22/02/2061 GOI Securities SOV 0.00 - 20.66 20.66
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 18.11 18.11
equal 7.59% GOI 2026 GOI Securities SOV 5.28 - 6.90 6.90

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 27-Jul-2021

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 29-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 03-Dec-2021

Growth: ₹ 2,457.8686

IDCW Yearly: ₹ 1,289.2366

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IDCW Quarterly: ₹ 1,024.6671

IDCW Monthly: ₹ 1,918.1070


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

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.91%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 23 Cr (As on 31-Oct-2021)
Expense: 0.48% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Sep-202110.4143

 15-Jun-20214.3143
 15-Dec-202018.2091
 15-Sep-202068.0584
 16-Mar-20205.4379
 15-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
IDCW Monthly27-Jun-201315.5151

 27-Feb-20130.2428
IDCW 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: 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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