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Unrated

Invesco India Fixed Maturity Plan Series 31 - Plan D - Regular Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.04 Lakh

Suitability:

"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:

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 4.05 -0.01 0.08 0.36 0.81 2.16 4.33 8.84 -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 -- -- --
Debt: FMP 4.16 0.00 0.06 0.38 0.85 2.11 4.49 8.23 -- -- --
Rank within category 49 251 38 83 103 49 51 7 -- -- --
Number of funds in category 264 285 283 282 277 267 264 81 3 3 0

As on 03-Dec-2021

Peer Comparison

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
Unrated
Jun-18 4.33 8.84 -- 0.04% 84
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 3.84 -- -- -- 1,356
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan
Unrated
Sep-18 8.86 9.67 -- 0.27% 797
Kotak FMP Series 239 - 1330 Days - Regular Plan
Unrated
Aug-18 7.56 9.44 -- -- 786
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan
Unrated
Mar-21 -- -- -- 0.35% 757

Best & Worst Performance

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 4.25 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.53 1.89 2.51 7.53 2.19 6.08
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: FMP 7.96 1.90 2.50 6.51 1.79 5.26
Rank within category 7 66 53 34 40 5
Number of funds in category 79 79 79 79 79 79

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 14 13 16
Modified Duration (yrs) -- -- -- 0.50
Average Maturity (yrs) 0.61 1.08 0.61 0.57
Yield to Maturity (%) -- -- -- 4.15
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 7.27% Nat. Highways Authority 2022 Debenture AAA 10.45 - 11.19 10.45
equal Axis Finance 25/05/2022 Zero Coupon Bonds AAA 9.65 - 9.70 9.70
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 1.27 - 9.94 9.62
equal Bajaj Housing Finance 2022 Debenture AAA 9.55 - 9.59 9.59
equal 8.95% L&T Finance 2022 Non Convertible Debenture AAA 8.62 - 9.19 8.62
equal 9.95% Indian Railway Finance Corporation 2022 Bonds AAA 6.17 - 6.76 6.17
equal 9.35% REC 15/06/2022 Bonds AAA 6.15 - 6.66 6.15
equal 9.64% Power Grid Corporation 31/05/2022 Bonds AAA 6.15 - 6.72 6.15
equal 7.28% Power Finance Corporation 2022 Bonds AAA 6.08 - 6.49 6.08
equal 7.48% LIC Housing Fin. 2022 Bonds AAA 6.08 - 6.49 6.08
equal 7.35% Bharat Petroleum Corporation 2022 Bonds AAA 6.04 - 6.43 6.04
equal 9.95% Food Corporation of India 2022 Bonds AAA 4.75 - 5.19 4.75
equal 8.30% Reliance Industries 2022 Debenture AAA 2.30 - 8.10 2.30

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-Oct-2021

*As on 30-Sep-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 16-Dec-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:


-0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 13.3910

IDCW: ₹ 13.3844


Investment Strategy

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.

Investment Details

Tenure (Days) 1468
Maturity date 20-Jun-2022

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 13-Jun-2018
Return Since Launch: 8.76%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Closed-end

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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