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Invesco India Credit Risk Fund - Regular Plan download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

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
Invesco India Credit Risk Reg-G 0.51 -0.20 0.03 0.48 0.97 0.61 1.66 4.62 2.45 4.46 --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 3.27 3.65 --
Debt: Credit Risk 11.05 -0.11 0.13 0.78 1.43 10.13 15.46 5.41 4.01 5.49 --
Rank within category 14 15 14 15 14 14 14 11 13 11 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 05-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Credit Risk Fund - Regular Plan  | Invest Online
2 star
Sep-14 1.66 4.62 2.45 1.50 131
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 3.54 7.54 6.86 1.57 8,631
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
Dec-10 4.83 7.61 7.25 1.54 7,943
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 3.77 6.49 6.14 1.55 2,964
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 3.68 6.40 5.52 1.66 671

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.73 24-Mar-2020 - 31-Mar-2020 -6.63 18-Jan-2019 - 25-Jan-2019
Month 2.29 24-Mar-2020 - 23-Apr-2020 -6.66 02-Jan-2019 - 01-Feb-2019
Quarter 5.01 26-Mar-2020 - 25-Jun-2020 -5.40 24-Dec-2018 - 26-Mar-2019
Year 11.86 24-Nov-2015 - 24-Nov-2016 -6.57 26-Jun-2018 - 26-Jun-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Invesco India Credit Risk Reg-G 4.58 1.65 0.66 1.21 1.68 2.60
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Credit Risk 6.80 9.54 0.71 0.97 -5.55 -1.65
Rank within category 11 1 8 5 15 5
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-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 21 13 4
Modified Duration (yrs) 1.77 1.94 1.42 1.73
Average Maturity (yrs) 2.24 2.42 1.84 2.52
Yield to Maturity (%) 6.15 6.15 4.72 7.47
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 5.22% GOI 15/06/2025 GOI Securities SOV 3.74 - 11.66 11.03
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 7.60 - 8.35 7.68
equal 6.45% GOI 2029 GOI Securities SOV 6.12 - 6.82 6.21
equal 8.30% Muthoot Finance 2022 Debenture AA+ 0.00 - 4.77 4.63
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 3.88 - 4.25 3.93
equal 7.50% HDB Financial Services 23/12/2022 Debenture AAA 3.81 - 4.09 3.87
equal 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 3.80 - 6.55 3.86
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 3.80 - 4.08 3.86
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 3.78 - 4.05 3.84
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.88 3.66
equal 6.80% State Bank of India Additional Tier 2 Bond AAA 3.61 - 3.94 3.61
equal 9.15% Tata Power Company 23/07/2022 Debenture AA 1.67 - 1.80 1.70
equal 6.63% ONGC Petro Additions 2024 Non Convertible Debenture AA 1.48 - 1.58 1.50

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 30-Jun-2022

Fund Manager

— Krishna Venkat Cheemalapati since 16-Dec-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 26-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:


-0.20%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 1,490.6552

IDCW Monthly: ₹ 1,094.7742

Discretionary IDCW: ₹ 1,490.1881


Investment Strategy

The scheme seeks to generate accrual income and capital appreciation by investing in debt securities of varying maturities across the credit spectrum.

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 For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 04-Sep-2014
Return Since Launch: 5.17%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 131 Cr (As on 31-Jul-2022)
Expense Ratio: 1.50% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly30-Aug-20183.7704

 30-Jul-20186.1044
 28-Jun-20183.4241
 30-May-20181.8305
 26-Apr-20180.8498
 27-Mar-20186.8853
 27-Feb-20181.6777
 30-Jan-20183.8893
 28-Dec-20173.9922
 29-Nov-20174.2719
 30-Oct-20174.7887
 28-Sep-20174.9552
 30-Aug-20175.1794
 28-Jul-20175.2423
 29-Jun-20174.5179
 30-May-20175.3099
 27-Apr-20173.7935
 30-Mar-20174.7461
 27-Feb-20174.1097
 30-Jan-20174.9674
 29-Dec-20164.6074
 29-Nov-20165.1633
 27-Oct-20164.9092
 29-Sep-20165.6867
 30-Aug-20165.1189

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

Website: http://www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies 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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