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3 star

Invesco India Ultra Short Term Fund - Direct Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.85 0.01 0.14 0.69 2.26 3.61 7.52 7.70 8.28 8.46 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Ultra Short Duration 3.69 0.02 0.28 0.80 2.12 3.50 7.33 6.65 7.26 8.14 --
Rank within category 12 21 14 14 8 12 11 -- -- -- --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 0

As on 09-Jul-2020

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
3 star
Jan-13 7.52 7.70 8.28 0.24 557
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.42 8.01 8.33 0.33 12,902
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.75 7.79 7.69 0.33 9,848
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.93 7.78 7.99 0.34 9,189
IDFC Ultra Short Term Fund - Direct Plan
4 star
Jul-18 7.65 -- -- 0.26 5,416

Best & Worst Performance

Best (Period) Worst (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) 5.89 (15-May-2013 - 15-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.45 0.56 3.84 8.37 0.90 3.24
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.53 1.64 2.25 5.23 0.98 2.44
Rank within category 6 6 6 6 11 5
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 25 19 35
Modified Duration (yrs) 0.41 0.46 0.39 --
Average Maturity (yrs) 0.43 0.49 0.42 --
Yield to Maturity (%) 4.35 8.01 4.35 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 9.55 8.64
new Invesco Inida Liquid Fund - Direct Plan Mutual Fund -- 0.00 - 8.53 8.53
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 9.15 8.33
new 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 6.10 6.10
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 5.79 5.79
equal 7.08% SIDBI 21/12/2020 Non Convertible Debenture AAA 0.00 - 4.81 4.33
new 7.14% HUDCO 22/12/2020 Non Convertible Debenture AAA 0.00 - 4.33 4.33
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 5.57 4.32
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 7.19 4.31
new 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 4.31 4.31
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 0.00 - 4.78 4.29
new Reserve Bank of India 182-D 04/06/2020 Treasury Bills SOV 0.00 - 4.26 4.26
equal Kotak Mahindra Prime 2020 Debenture AAA 0.00 - 4.63 4.21
equal Bajaj Housing Finance 366-D 27/01/2021 Commercial Paper A1+ 0.00 - 4.52 4.12
new 7.65% IRFC 15/03/2021 Debenture AAA 0.00 - 2.80 2.80
new Bank of Baroda 26/04/2021 Certificate of Deposit A1+ 0.00 - 2.47 2.47
equal 8.32% Power Grid Corporation 23/12/2020 Bonds AAA 0.00 - 1.93 1.74
equal 8.54% NHPC 26/11/2020 Bonds AAA 0.00 - 1.93 1.74
new 8.40% Power Grid Corporation 27/05/2021 Debenture AAA 0.00 - 1.26 1.26
new 7.40% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 1.03 1.03
equal 9.60% Bajaj Finance 28/09/2020 Debenture AAA 0.00 - 0.96 0.86
equal Grasim Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 0.90 0.82
equal 6.84% NHPC 24/01/2021 Non Convertible Debenture AAA 0.00 - 0.77 0.69
equal 8.93% NTPC 19/01/2021 Bonds AAA 0.00 - 0.39 0.35

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-May-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:


0.01%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 2,162.5906

Dividend Yearly: ₹ 1,539.8538

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Dividend Quarterly: ₹ 1,033.3412

Dividend Monthly: ₹ 1,465.3476

Dividend Daily: ₹ 1,099.0496


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

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: 8.39%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 557 Cr (As on 30-Jun-2020)
Expense: 0.24% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly15-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
 15-Jun-20156.9482
 16-Mar-201517.1973
 15-Dec-201421.7797
 15-Sep-201414.7271
 16-Jun-201431.3309
 18-Mar-201424.6978
Dividend Daily25-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
 24-Jan-20200.1868
 23-Jan-20200.2664
 22-Jan-20200.1052
 21-Jan-20200.1385
 20-Jan-20200.3618
 17-Jan-20200.1632
 16-Jan-20200.0928
 13-Jan-20200.3947
 10-Jan-20200.1377
 09-Jan-20200.1393
 08-Jan-20200.1776
 07-Jan-20200.2162
 06-Jan-20200.2601
Dividend 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
Dividend 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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