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4 star

Invesco India Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 0.22 0.03 0.10 0.36 0.95 1.87 3.82 5.76 6.53 7.15 --
CCIL T Bill Liquidity Weight 0.09 -0.01 0.05 0.17 0.49 1.04 2.08 3.11 3.50 3.91 --
Debt: Ultra Short Duration 0.21 0.03 0.09 0.35 0.94 2.00 4.12 5.73 5.96 6.69 --
Rank within category 9 15 8 9 11 13 14 8 -- -- --
Number of funds in category 27 27 27 27 27 27 26 20 14 14 0

As on 17-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.82 5.76 6.53 0.24% 857
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.25 6.50 6.88 0.34% 14,743
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.98 6.14 -- 0.34% 13,642
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.66 6.83 7.22 0.39% 11,500
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.81 5.98 6.57 0.33% 11,223

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.21 24-Mar-2020 - 31-Mar-2020 -1.70 10-Jul-2013 - 17-Jul-2013
Month 2.02 19-Dec-2014 - 19-Jan-2015 -2.25 17-Jun-2013 - 17-Jul-2013
Quarter 4.02 20-Oct-2014 - 19-Jan-2015 -1.72 21-May-2013 - 20-Aug-2013
Year 12.05 04-Mar-2014 - 04-Mar-2015 3.66 23-Nov-2020 - 23-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.71 0.72 2.75 7.95 1.42 2.83
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Ultra Short Duration 5.67 1.13 2.32 6.00 1.11 2.61
Rank within category 8 10 8 2 16 9
Number of funds in category 20 20 20 20 20 20

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 47 27 36
Modified Duration (yrs) 0.32 0.45 0.24 0.38
Average Maturity (yrs) 0.35 0.47 0.26 0.43
Yield to Maturity (%) 4.08 4.08 3.67 4.65
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
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 5.27 5.27
new ICICI Securities 189-D 10/06/2022 Commercial Paper A1+ 0.00 - 5.15 5.15
new Sikka Ports and Terminals 161-D 10/06/2022 Commercial Paper A1+ 0.00 - 4.58 4.58
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 3.55 3.55
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 2.99 2.99
new 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 0.00 - 2.98 2.98
new 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.00 - 2.97 2.97
equal 8.74% Karnataka State 22/02/2022 State Development Loan SOV 0.00 - 3.55 2.94
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 3.88 2.92
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.73 2.91
equal Kotak Mahindra Investments 358-D 04/02/2022 Commercial Paper A1+ 0.00 - 3.38 2.91
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 2.90 2.90
equal Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 2.89 2.89
new Reserve Bank of India 91-D 31/03/2022 Treasury Bills SOV 0.00 - 2.89 2.89
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 2.98 2.82
equal 7.95% LIC Housing Fin. 24/03/2022 Bonds AAA 0.00 - 2.35 2.35
equal Chennai Petroleum Corporation 79-D 03/02/2022 Commercial Paper A1+ 0.00 - 2.33 2.33
equal Axis Finance 181-D 31/01/2022 Commercial Paper A1+ 0.00 - 2.33 2.33
new Reserve Bank of India 91-D 17/03/2022 Treasury Bills SOV 0.00 - 2.32 2.32
equal Indusind Bank 2022 Certificate of Deposit A1+ 0.00 - 2.32 2.32
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA+ 0.00 - 2.18 1.80
new 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.00 - 1.79 1.79
equal 6.58% Orissa State 24/03/2022 State Development Loan SOV 0.00 - 1.76 1.76
equal 8.69% Gujarat State 2022 State Development Loan SOV 0.00 - 1.76 1.76
equal 8.35% Manappuram Finance 31/01/2022 Non Convertible Debenture AA 0.00 - 2.33 1.76

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-2021

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:

— Vikas Garg since 27-Jul-2021

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 17-Jan-2022

Growth: ₹ 2,289.4042

IDCW Yearly: ₹ 1,630.1462

More

IDCW Quarterly: ₹ 1,028.2396

IDCW Monthly: ₹ 1,551.2755

IDCW Daily: ₹ 1,160.4212


Investment Strategy

The scheme seeks to primarily generate accrual income by investing in a portfolio of short term Money Market and Debt Instruments.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.60%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 857 Cr (As on 31-Dec-2021)
Expense: 0.24% (As on 30-Nov-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Dec-20218.2346

 15-Sep-202110.7842
 15-Jun-202110.2522
 15-Mar-20218.1700
 15-Dec-202011.5197
 15-Sep-202014.8534
 15-Jun-202017.7913
 16-Mar-202010.9588
 16-Dec-201912.6093
 16-Sep-201916.0338
 17-Jun-201916.3707
 15-Mar-201915.5709
 17-Dec-201814.7553
 17-Sep-201814.2598
 15-Jun-201813.2825
 15-Mar-201826.0373
 15-Sep-201711.3520
 15-Jun-201715.9029
 15-Mar-201714.1270
 15-Dec-201615.4412
 15-Sep-201618.0763
 15-Jun-201619.0973
 15-Mar-201616.9633
 15-Dec-201519.5951
 15-Sep-201520.3318
IDCW Daily21-Oct-20200.1898

 20-Oct-20200.2163
 19-Oct-20200.5071
 16-Oct-20200.1851
 15-Oct-20200.1829
 14-Oct-20200.1863
 13-Oct-20200.2138
 12-Oct-20200.5179
 09-Oct-20200.1872
 08-Oct-20200.1855
 07-Oct-20200.1821
 06-Oct-20200.1690
 05-Oct-20200.0265
 25-Feb-20200.7767
 24-Feb-20200.3788
 20-Feb-20200.2258
 18-Feb-20200.0101
 17-Feb-20200.0390
 10-Feb-20200.0179
 03-Feb-20200.4099
 31-Jan-20200.0868
 30-Jan-20200.0823
 29-Jan-20200.0888
 28-Jan-20200.1063
 27-Jan-20200.3436
IDCW Monthly28-Mar-20191.5941

 27-Feb-201917.6851
 30-Jan-201922.4599
 28-Dec-20187.4944
 29-Nov-201811.8538
 30-Oct-20189.6081
 29-Sep-20165.9815
 30-Aug-20166.6206
 28-Jul-20167.7540
 29-Jun-20166.0009
 30-May-20166.8130
 28-Apr-20167.9532
 30-Mar-20168.6210
 26-Feb-20165.5327
 28-Jan-20165.1710
 30-Dec-20156.0044
 27-Nov-20155.8597
 29-Oct-20156.9264
 29-Sep-20157.0640
 28-Aug-20156.1698
 30-Jul-20157.2918
 29-Jun-20151.1229
 29-May-201311.1455
 26-Apr-201311.4589
 26-Mar-20130.0459
IDCW Yearly15-Mar-201662.6381

 16-Mar-201543.5420
 18-Mar-2014105.3917
 15-Mar-20130.1379

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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