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2 star

Invesco India Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two 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.

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 7.77 -0.03 0.04 0.54 1.63 5.92 10.23 6.89 7.59 7.82 8.03
VR Bond 5.54 -0.02 -0.02 0.57 0.55 2.66 7.12 6.70 7.09 7.83 7.50
Debt: Corporate Bond 7.33 -0.01 -0.02 0.66 0.99 5.09 9.64 7.16 7.58 8.42 8.07
Rank within category 9 12 4 13 4 5 8 10 8 7 4
Number of funds in category 18 18 18 18 18 18 18 13 11 9 7

As on 29-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Corporate Bond Fund  | Invest Online
2 star
Aug-07 10.23 6.89 7.59 0.60 1,884
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 10.74 8.64 8.87 0.61 21,052
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.09 8.78 8.84 0.45 20,205
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 10.29 8.27 8.43 0.60 16,162
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
Sep-07 9.35 8.46 8.43 0.61 6,586

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.33 (11-Dec-2008 - 18-Dec-2008) -6.20 (02-Jan-2009 - 09-Jan-2009)
Month 11.35 (03-Dec-2008 - 02-Jan-2009) -6.16 (02-Jan-2009 - 03-Feb-2009)
Quarter 13.42 (03-Oct-2008 - 02-Jan-2009) -6.61 (05-Jan-2009 - 06-Apr-2009)
Year 17.51 (24-Nov-2015 - 24-Nov-2016) -7.42 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.51 2.70 0.51 0.90 0.78 0.36
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Corporate Bond 7.00 2.90 1.00 1.97 0.60 1.08
Rank within category 12 10 13 12 12 13
Number of funds in category 15 15 15 15 15 15

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 48 50 31 80
Modified Duration (yrs) -- 2.25 1.91 2.71
Average Maturity (yrs) 2.05 2.60 2.05 3.38
Yield to Maturity (%) 4.91 7.31 4.91 5.50
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 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 6.67 6.67
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 5.32 5.32
up 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 5.24 5.24
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 5.00 - 8.20 5.08
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 3.84 - 7.10 4.29
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.33 - 4.28 4.28
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 3.32 - 7.60 3.80
equal 7.29% SIDBI 2022 Debenture AAA 3.01 - 7.31 3.07
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 1.14 - 4.68 3.01
equal 7.20% Larsen & Toubro 20/04/2023 Debenture AAA 0.00 - 2.77 2.77
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 2.76 2.76
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 0.00 - 4.01 2.76
up 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 2.44 2.44
down 6.72% Power Finance Corp. 2023 Debenture AAA 0.00 - 2.70 2.19
equal 9.95% Food Corporation of India 2022 Bonds AAA 2.02 - 6.03 2.04
equal Bajaj Housing Finance 2022 Debenture AAA 1.93 - 3.84 1.99
equal 7.95% SIDBI 26/04/2022 Debenture AAA 1.35 - 3.07 1.96
equal 8.54% Bajaj Finance 2022 Debenture AAA 1.92 - 5.80 1.96
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.41 1.95
equal 7.50% Sundaram Finance 2022 Non Convertible Debenture AAA 0.00 - 2.98 1.94
equal 7.50% HDB Financial Services 23/12/2022 Debenture AAA 0.00 - 2.05 1.94
equal 8.34% HUDCO 2022 Debenture AAA 1.76 - 4.69 1.80
equal 8.83% HDB Financial Services 2022 Debenture AAA 1.65 - 4.98 1.68
equal 6.99% HUDCO 2022 Debenture AAA 0.00 - 3.01 1.67
up 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 1.98 1.50

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:


-0.03%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 2,424.1167

Dividend Yearly: ₹ 1,989.7983

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Dividend Quarterly: ₹ 1,146.4700

Dividend Monthly: ₹ 1,508.8779

Discretionary Dividend: ₹ 2,542.6073


Investment Strategy

The fund generates regular and stable income by investing predominantly in bonds issued by corporates. The scheme will invest in bonds which are rated AA+/ AAA by credit rating agencies.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 02-Aug-2007
Return Since Launch: 6.95%
Benchmark: CRISIL AAA ST Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,884 Cr (As on 31-Aug-2020)
Expense: 0.60% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly15-Sep-202024.7032

 15-Jun-202019.0235
 16-Mar-202015.5369
 15-Dec-201914.9496
 15-Sep-201916.1586
 14-Jun-201915.3380
 15-Mar-201921.4573
 14-Dec-201812.4872
 15-Sep-20176.0087
 15-Dec-201626.3448
 15-Sep-201617.6147
 15-Jun-201629.7192
 15-Mar-20164.2160
 15-Dec-201512.2663
 15-Sep-201512.0474
 15-Mar-201510.9998
 15-Dec-201418.1196
 15-Jun-201435.2664
 15-Jun-201326.9340
 15-Mar-20130.2519
 15-Dec-20120.2472
 14-Sep-20120.2308
 15-Jun-20120.2308
 15-Mar-20120.1917
 15-Dec-20110.1762
Dividend Yearly16-Mar-202095.8286

 15-Mar-20120.8109
 15-Mar-20110.3955
 15-Mar-20100.0140
Dividend Monthly28-Nov-20199.7134

 30-Oct-201919.0179
 27-Sep-201976.3350
 29-Aug-201960.8274
 30-Jul-201913.2592
 29-May-201324.8407
 26-Apr-201314.2018
 27-Feb-20130.0740
 30-Jan-20130.1252
 28-Dec-20120.0933
 29-Nov-20120.0300
 30-Oct-20120.0869
 27-Sep-20120.0905
 30-Aug-20120.0773
 30-Jul-20120.0917
 28-Jun-20120.0848
 30-May-20120.0326
 30-Mar-20120.0629
 28-Feb-20120.2707
 27-Jul-20110.0957
 29-Jun-20110.0088
 30-May-20110.0587
 28-Apr-20110.0606
 30-Mar-20110.0277
 25-Feb-20110.0473
Discretionary Dividend23-Jul-20120.0572

 27-Jun-20120.4519

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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