VR Logo

Invesco India Credit Risk Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Credit risk funds invest mainly in corporate bonds which are below the highest rating assigned 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 of all types of debt funds. However, they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than highest rated bonds. Moreover, investors can also benefit if the rating of these bonds is subsequently upgraded.

But 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.29 0.05 0.04 0.72 1.68 3.51 3.00 2.13 5.13 -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 -- --
Debt: Credit Risk 0.67 0.09 0.17 0.78 0.86 1.98 0.55 3.51 6.49 -- --
Rank within category 15 18 19 17 13 11 13 14 12 -- --
Number of funds in category 20 20 20 20 20 20 20 17 14 7 2

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.88 (09-Nov-2016 - 16-Nov-2016) -6.63 (18-Jan-2019 - 25-Jan-2019)
Month 1.78 (04-Nov-2016 - 06-Dec-2016) -6.66 (02-Jan-2019 - 01-Feb-2019)
Quarter 3.89 (07-Jul-2016 - 06-Oct-2016) -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
Fund 2.03 5.06 -0.72 -0.39 -1.11 -5.43
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Credit Risk 3.44 4.43 -0.21 -0.02 2.67 2.06
Rank within category 15 15 15 13 1 17
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 19 12 45
Modified Duration (yrs) 1.16 1.22 0.53 1.52
Average Maturity (yrs) 1.30 1.39 0.61 2.00
Yield to Maturity (%) 6.55 10.20 6.55 9.40

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 11.95 10.86
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.00 - 10.05 9.63
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 10.25 9.05
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 8.62 8.62
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 8.39 8.39
equal 7.24% REC 21/10/2021 Debenture AAA 0.00 - 8.36 8.36
equal Axis Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 8.10 8.10
equal ICICI Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 8.07 8.07
equal Inox Air Products 31/12/2021 Debenture AA 3.75 - 5.68 5.68
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 5.38 5.38
equal 11.25% India Infoline Finance 2020 Debenture AA 1.97 - 2.97 2.97
equal 7.96% Sundaram Finance 29/03/2021 Zero Coupon Bonds AAA 0.00 - 2.79 2.79
down 8.80% M&M Financial Services 2020 Debenture AAA 0.00 - 7.07 1.67
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 1.22 0.58
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 0.74 0.16

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-Jan-2020

Fund Manager

— 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:


0.05%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 1,353.5203

Dividend Monthly: ₹ 994.0667

Discretionary Dividend: ₹ 1,353.0963


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

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 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: 5.68%
Benchmark: CRISIL Composite AA ST Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 181 Cr (As on 31-Jan-2020)
Expense: 1.54% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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

Email: [email protected]

Website: 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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM