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Invesco India Medium Duration Fund - Direct Plan download report


Debt: Medium Duration

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
Invesco India Medium Duration Fund Direct-G -0.84 0.01 0.42 0.12 -1.37 -0.74 -- -- -- -- --
VR Bond -0.29 0.05 0.54 0.19 -0.53 -0.31 -- -- -- -- --
Debt: Medium Duration -0.05 -0.01 0.35 0.13 -1.01 0.03 -- -- -- -- --
Rank within category 15 6 5 10 15 14 -- -- -- -- --
Number of funds in category 19 20 20 20 20 19 18 15 13 12 0

As on 24-Jun-2022

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 - Direct Plan  | Invest Online
Unrated
Jul-21 -- -- -- 0.40% 512
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 2.70 7.65 7.64 0.68% 9,581
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 3.57 7.91 7.27 0.66% 6,458
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 2.70 7.04 7.05 0.58% 3,759
Axis Strategic Bond Fund - Direct Plan
4 star
Jan-13 3.82 7.73 7.28 0.39% 1,745

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.79 04-Feb-2022 - 11-Feb-2022 -1.65 02-May-2022 - 09-May-2022
Month 1.26 06-Aug-2021 - 06-Sep-2021 -2.24 06-Apr-2022 - 06-May-2022
Quarter 1.50 09-Aug-2021 - 08-Nov-2021 -1.88 17-Mar-2022 - 16-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Invesco India Medium Duration Fund Direct-G -- -- -- -- -- --
VR Bond* 4.44 2.05 0.46 0.71 -- --
Debt: Medium Duration* 5.01 4.73 0.70 1.05 0.49 1.05
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-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 34 25 36
Modified Duration (yrs) 2.90 3.23 2.79 --
Average Maturity (yrs) 3.57 3.98 3.40 --
Yield to Maturity (%) 7.23 7.23 5.54 --
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 7.10% Muthoot Finance 20/06/2024 Non Convertible Debenture AA+ 2.43 - 5.81 5.81
equal 8.65% Power Finance Corporation 28/12/2024 Bonds AAA 3.02 - 5.06 5.06
equal 8.27% Gujarat State 13/01/2026 State Development Loan SOV 1.52 - 5.02 5.02
equal 8.05% Gujarat State 15/06/2026 State Development Loan SOV 0.00 - 4.99 4.99
equal 7.96% Maharashtra State 29/06/2026 State Development Loan SOV 0.00 - 4.97 4.97
equal 6.79% GOI 15/05/2027 GOI Securities SOV 2.44 - 4.80 4.80
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 2.33 - 4.79 4.79
equal 5.75% Bajaj Finance 16/02/2024 Debenture AAA 0.00 - 4.78 4.78
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 7.04 4.69
equal 5.78% LIC Housing Fin. 2025 Debenture AAA 2.75 - 6.23 4.66
new 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 4.63 4.63
equal 5.90% Bharti Hexacom 30/04/2024 Debenture AA+ 0.00 - 4.58 4.58
equal 8.33% GOI 2026 Central Government Loan SOV 0.86 - 4.06 4.06
equal 7.40% Summit Digitel Infrastructure 28/09/2028 Debenture AAA 0.00 - 3.80 3.80
equal 5.22% GOI 15/06/2025 GOI Securities SOV 2.30 - 6.24 3.73
down 6.10% GOI 2031 GOI Securities SOV 0.00 - 7.62 3.57
equal 7.95% HDFC Bank 21/09/2026 Bonds/Debentures AAA 1.19 - 2.31 1.98
equal 8.20% Aadhar Housing Finance 2023 Non Convertible Debenture AA 1.15 - 2.22 1.97
equal 7.50% SBI Cards & Payments Services 2023 Bonds/NCDs AAA 1.14 - 2.22 1.97
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 1.14 - 2.19 1.91
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 1.91 1.91
up 5.63% GOI 2026 GOI Securities SOV 0.91 - 12.52 1.86
new 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 1.84 1.84
equal 9.70% HDB Financial Services 20/06/2024 Bonds AAA 0.99 - 1.92 1.67
equal 6.63% ONGC Petro Additions 2024 Non Convertible Debenture AA 0.83 - 1.59 1.41

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-May-2022

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:


0.01%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 1,014.6217

IDCW Quarterly: ₹ 993.1329

Discretionary IDCW: ₹ 1,014.6586


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

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 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 17-Jul-2021
Return Since Launch: 1.46%
Benchmark: NIFTY Medium Duration Debt Index B-III
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 512 Cr (As on 31-May-2022)
Expense: 0.40% (As on 31-May-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Dec-202113.4383

 15-Sep-20218.1803

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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