1 LakhInvestment Grown to
Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.
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:
|CCIL T Bill Liquidity Weight||1.64||0.03||0.06||0.17||0.57||1.12||2.12||3.34||--||--||--|
|Rank within category||52||54||54||119||69||68||63||6||--||--||--|
|Number of funds in category||282||299||299||296||289||284||282||58||3||3||0|
As on 14-Oct-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Invesco India Fixed Maturity Plan Series 31 - Plan D - Regular Plan||Jun-18||4.94||9.37||--||0.04||84|
|Kotak FMP Series 252 - 1261 Days - Regular Plan||Nov-18||4.36||--||--||0.09||1,353|
|HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan||Sep-18||9.96||9.74||--||0.27||793|
|Kotak FMP Series 239 - 1330 Days - Regular Plan||Aug-18||8.22||9.56||--||0.12||783|
|SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan||Mar-21||--||--||--||0.35||756|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||2.81||24-Mar-2020 - 31-Mar-2020||-2.04||12-Mar-2020 - 19-Mar-2020|
|Month||3.54||24-Mar-2020 - 23-Apr-2020||-2.45||20-Feb-2020 - 24-Mar-2020|
|Quarter||6.58||24-Mar-2020 - 23-Jun-2020||-0.65||24-Dec-2019 - 24-Mar-2020|
|Year||13.03||31-Oct-2018 - 31-Oct-2019||4.94||14-Oct-2020 - 14-Oct-2021|
|CCIL T Bill Liquidity Weight||3.34||0.40||-1.54||-3.94||--||--|
|Rank within category||6||45||36||14||31||4|
|Number of funds in category||57||57||57||57||57||57|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Sep-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||13||13||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|7.27% Nat. Highways Authority 2022||Debenture||AAA||10.51 - 11.26||10.51|
|Axis Finance 25/05/2022||Zero Coupon Bonds||AAA||9.63 - 9.70||9.70|
|7.85% National Bank Agr. Rur. Devp 23/05/2022||Non Convertible Debenture||AAA||1.27 - 9.94||9.67|
|Bajaj Housing Finance 2022||Debenture||AAA||9.55 - 9.59||9.59|
|8.95% L&T Finance 2022||Non Convertible Debenture||AAA||8.70 - 9.24||8.70|
|9.95% Indian Railway Finance Corporation 2022||Bonds||AAA||6.22 - 6.81||6.22|
|9.64% Power Grid Corporation 31/05/2022||Bonds||AAA||6.20 - 6.77||6.20|
|9.35% REC 15/06/2022||Bonds||AAA||6.19 - 6.70||6.19|
|7.48% LIC Housing Fin. 2022||Bonds||AAA||6.11 - 6.52||6.11|
|7.28% Power Finance Corporation 2022||Bonds||AAA||6.11 - 6.52||6.11|
|7.35% Bharat Petroleum Corporation 2022||Bonds||AAA||6.08 - 6.48||6.08|
|9.95% Food Corporation of India 2022||Bonds||AAA||4.79 - 5.24||4.79|
|8.30% Reliance Industries 2022||Debenture||AAA||2.32 - 8.16||2.32|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Sep-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.
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.
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The scheme aims to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.
|Fund House:||Invesco Mutual Fund|
|Return Since Launch:||8.98%|
|Benchmark:||CRISIL Composite Bond Index|
|Riskometer:||Low to Moderate|
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
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]