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3 star

Invesco India Short Term Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 7.09 -0.02 -0.02 0.53 0.93 4.99 9.17 7.42 7.57 7.83 8.01
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 3.97 4.18 4.62 4.76
Debt: Short Duration 6.63 -0.01 0.03 0.62 2.01 4.62 8.62 6.09 7.00 7.68 7.93
Rank within category 16 20 23 18 24 16 17 11 14 14 13
Number of funds in category 26 26 26 26 26 26 26 23 23 23 20

As on 28-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Short Term Fund  | Invest Online
3 star
Mar-07 9.17 7.42 7.57 1.25 817
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.41 7.91 8.48 1.16 17,228
SBI Short Term Debt Fund
4 star
Jul-07 9.51 7.75 8.07 0.84 17,109
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 10.76 8.61 8.56 0.74 13,154
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 9.93 8.16 8.12 0.80 13,052

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.90 (24-Mar-2020 - 31-Mar-2020) -2.14 (12-Mar-2020 - 19-Mar-2020)
Month 3.75 (24-Mar-2020 - 23-Apr-2020) -2.54 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.48 (26-Mar-2020 - 25-Jun-2020) -1.87 (21-May-2013 - 20-Aug-2013)
Year 11.91 (05-Aug-2011 - 06-Aug-2012) 3.09 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.19 2.05 1.00 2.07 1.85 4.22
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Short Duration 5.89 3.50 0.68 1.46 0.75 1.63
Rank within category 11 13 14 13 19 7
Number of funds in category 25 25 25 25 25 25

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 40 30 58
Modified Duration (yrs) -- 2.45 2.07 2.30
Average Maturity (yrs) 2.96 2.98 2.50 2.90
Yield to Maturity (%) 5.15 7.12 4.88 5.59
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 7.40% REC 26/11/2024 Bonds/NCDs AAA 0.00 - 9.27 7.00
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 6.53 6.47
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 6.33 6.26
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 5.26 - 7.10 5.26
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 4.65 4.65
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 4.42 4.42
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 5.07 3.83
equal Sundaram Finance 2022 Debenture AAA 3.51 - 4.60 3.56
equal 9.30% Power Grid Corporation 2024 Bonds AAA 0.00 - 8.05 3.38
equal 7.70% Larsen & Toubro 28/04/2025 Debenture AAA 0.00 - 3.30 3.27
equal 7.50% HDFC 2025 Debenture AAA 0.00 - 3.24 3.23
equal 8.54% Bajaj Finance 2022 Debenture AAA 3.21 - 4.46 3.22
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 4.16 3.22
equal 6.95% Reliance Industries 2023 Debenture AAA 0.00 - 3.63 3.19
equal 8.40% SIDBI 2021 Debenture AAA 0.00 - 3.18 3.18
equal 8.82% HDB Financial Services 2021 Non Convertible Debenture AAA 3.17 - 4.47 3.18
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 3.17 3.17
new 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 3.11 3.11
equal 5.62% Export-Import Bank 20/06/2025 Debenture AAA 0.00 - 3.35 3.05
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.26 - 9.41 2.11
new 5.25% ONGC 2025 Debenture AAA 0.00 - 1.83 1.83
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 1.30 1.30
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 1.03 1.03
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 3.18 0.76
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.76 - 5.57 0.76

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-2020

Fund Manager

— Sujoy Kumar Das since 09-Sep-2010

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:

— Vikas Garg since 26-Sep-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:


-0.02%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 2,766.8932

Dividend Weekly: ₹ 1,015.7003

More

Dividend Monthly: ₹ 1,045.6501

Dividend Daily: ₹ 1,036.6201

Discretionary Dividend: ₹ 2,063.7681


Investment Strategy

The scheme seeks to generate steady returns with a moderate risk by investing in a portfolio comprising of short-medium term debt and money market instruments.

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 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 24-Mar-2007
Return Since Launch: 7.81%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 817 Cr (As on 31-Aug-2020)
Expense: 1.25% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Aug-20200.1458

 11-Aug-20200.1423
 10-Aug-20200.4404
 07-Aug-20200.1464
 06-Aug-20200.1314
 05-Aug-20201.3701
 04-Aug-20200.1418
 03-Aug-20200.4309
 31-Jul-20200.1459
 30-Jul-20200.0453
 28-Jul-20200.1445
 27-Jul-20200.4486
 24-Jul-20200.1494
 23-Jul-20200.1497
 22-Jul-20200.1505
 21-Jul-20200.1436
 20-Jul-20200.4144
 17-Jul-20200.7398
 16-Jul-20201.0555
 15-Jul-20201.0903
 14-Jul-20200.1373
 13-Jul-20200.3767
 10-Jul-20200.2238
 09-Jul-20201.0026
 08-Jul-20200.1450
Dividend Weekly03-Aug-20200.2751

 20-Jul-20201.3807
 13-Jul-20205.4945
 06-Jul-20205.1269
 29-Jun-20205.3037
 22-Jun-20206.1545
 15-Jun-20202.9858
 26-May-20208.6381
 18-May-20206.0605
 11-May-20203.5896
 20-Apr-20205.5724
 09-Mar-20201.1215
 24-Feb-20200.0692
 17-Feb-20201.1807
 10-Feb-20206.6423
 03-Feb-20201.7724
 27-Jan-20201.8760
 20-Jan-20201.0054
 13-Jan-20201.2184
 06-Jan-20201.3422
 02-Dec-20191.0049
 25-Nov-20191.1290
 18-Nov-20191.9984
 04-Nov-20192.3854
 29-Oct-20191.6171
Dividend Monthly30-Jul-202011.0152

 29-Jun-202015.5334
 28-May-202021.2624
 29-Apr-20204.8182
 30-Mar-20200.2968
 27-Feb-20209.1926
 30-Jan-20205.9621
 30-Dec-20190.3210
 28-Nov-20195.3354
 30-Oct-20199.2362
 27-Sep-20191.7659
 29-Aug-20196.4189
 30-Jul-201911.5362
 27-Jun-20192.9759
 30-May-20199.9556
 26-Apr-20191.3545
 28-Mar-20199.4728
 27-Feb-20193.7027
 30-Jan-20195.4714
 28-Dec-20185.8358
 29-Nov-20187.4646
 30-Oct-20183.3482
 30-Aug-20183.9870
 30-Jul-20186.1681
 28-Jun-20181.6783

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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