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Unrated

Invesco India Medium Duration Fund - Regular Plan


Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 -- 0.02 0.12 0.99 -- -- -- -- -- -- --
VR Bond -- 0.06 0.23 1.19 -- -- -- -- -- -- --
Debt: Medium Duration -- 0.02 0.13 0.95 -- -- -- -- -- -- --
Rank within category -- 13 11 11 -- -- -- -- -- -- --
Number of funds in category 21 25 25 25 24 21 19 14 13 10 7

As on 16-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Medium Duration Fund - Regular Plan  | Invest Online
Unrated
Jul-21 -- -- -- 1.34 640
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 6.75 9.81 8.80 1.21 9,555
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 8.20 8.73 7.67 1.41 7,006
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 7.95 8.65 7.51 1.30 3,853
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 4.89 8.44 7.19 1.46 3,805

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.48 11-Aug-2021 - 18-Aug-2021 0.00 02-Aug-2021 - 09-Aug-2021
Month 1.17 06-Aug-2021 - 06-Sep-2021 0.71 19-Jul-2021 - 18-Aug-2021
Quarter -- - -- -
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.70 2.11 1.26 1.76 -- --
Debt: Medium Duration* 5.47 4.84 0.76 1.06 0.46 0.22
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 30 25 39
Modified Duration (yrs) 2.99 2.99 2.79 2.89
Average Maturity (yrs) 3.58 3.58 3.40 3.57
Yield to Maturity (%) 5.58 5.61 5.58 5.71
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
up 5.63% GOI 2026 GOI Securities SOV 3.20 - 7.81 7.81
up 5.22% GOI 15/06/2025 GOI Securities SOV 3.19 - 6.24 6.24
up 5.78% LIC Housing Fin. 2025 Debenture AAA 4.25 - 6.23 6.23
equal 8.67% Karnataka State 24/02/2026 State Development Loan SOV 4.33 - 5.89 4.33
new 7.96% Maharashtra State 29/06/2026 State Development Loan SOV 0.00 - 4.23 4.23
new 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 4.04 4.04
equal 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 3.93 - 5.37 3.93
up 5.60% Bajaj Housing Finance 21/06/2024 Debenture AAA 3.20 - 3.91 3.91
equal 8.65% Power Finance Corporation 28/12/2024 Bonds AAA 3.43 - 4.66 3.43
equal 8.24% Kerala State 13/05/2025 State Development Loan SOV 3.40 - 4.64 3.40
equal 8.14% Maharashtra State 27/05/2025 State Development Loan SOV 3.40 - 4.63 3.40
equal 7.10% Muthoot Finance 20/06/2024 Non Convertible Debenture AA+ 3.18 - 4.33 3.18
up 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 3.18 - 3.25 3.18
equal 5.94% Rajasthan State 2025 State Development Loan SOV 3.17 - 4.31 3.17
equal HDFC 29/05/2026 Debenture AAA 3.12 - 4.27 3.12
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 2.54 - 3.46 2.54
equal 6.79% GOI 15/05/2027 GOI Securities SOV 2.44 - 3.32 2.44
equal 5.75% Sundaram Finance 2024 Debenture AAA 2.36 - 3.22 2.36
new 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 2.34 2.34
equal 8.27% Gujarat State 13/01/2026 State Development Loan SOV 1.70 - 2.32 1.70
equal 7.95% HDFC Bank 21/09/2026 Bonds/Debentures AAA 1.69 - 2.31 1.69
equal 8.20% Aadhar Housing Finance 2023 Non Convertible Debenture AA 1.62 - 2.22 1.62
equal 7.50% SBI Cards & Payments Services 2023 Bonds/NCDs AAA 1.62 - 2.22 1.62
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 1.60 - 2.19 1.60
new 5.90% Bharti Hexacom 30/04/2024 Debenture AA 0.00 - 1.56 1.56

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-Aug-2021

Fund Manager

— Krishna Venkat Cheemalapati since 29-Jun-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.

Funds Managed:

— Vikas Garg since 29-Jun-2021

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:


0.02%

Change from previous, NAV as on 16-Sep-2021

Growth: ₹ 1,014.5612

IDCW Quarterly: ₹ 1,007.8238

Discretionary IDCW: ₹ 1,014.5612


Investment Strategy

The scheme seeks to generate income by investing in a portfolio of Debt and Money Market Instruments suchthat the Macaulay duration of the portfolio is between 3 years and 4 years.

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 17-Jul-2021
Return Since Launch: 1.46%
Benchmark: CRISIL Medium Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 640 Cr (As on 31-Aug-2021)
Expense: 1.34% (As on 31-Jul-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Sep-20216.7358

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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