VR Logo

3 star

Invesco India Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.91 0.01 0.09 0.53 1.50 3.53 5.35 8.96 6.54 7.58 7.68
VR Bond 1.82 0.02 0.25 1.09 1.21 2.73 3.73 7.13 6.06 7.07 7.35
Debt: Corporate Bond 2.88 0.01 0.10 0.60 1.50 3.67 5.61 8.48 7.34 8.01 8.09
Rank within category 12 8 10 13 10 12 14 6 12 8 7
Number of funds in category 20 21 21 21 21 20 19 17 13 11 9

As on 17-Sep-2021

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
3 star
Aug-07 5.35 8.96 6.54 0.65 3,689
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 6.36 9.50 8.16 0.61 27,568
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 6.39 9.36 8.18 0.46 24,413
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 6.00 8.75 7.76 0.59 20,383
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 5.70 8.34 7.83 0.67 10,336

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 8.43 2.13 2.06 3.90 0.56 2.90
VR Bond 6.70 2.11 1.26 1.76 -- --
Debt: Corporate Bond 8.01 2.56 1.78 2.89 0.64 2.27
Rank within category 6 7 7 5 8 3
Number of funds in category 16 16 16 16 16 16

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 89 89 46 97
Modified Duration (yrs) 2.00 2.06 1.78 2.05
Average Maturity (yrs) 2.29 2.33 2.00 2.64
Yield to Maturity (%) 4.79 5.16 4.36 4.78
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 10.30 3.77
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.07 3.65
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 3.21 3.04
up 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 2.75 2.75
up 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.74 2.74
new HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 2.66 2.66
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 1.67 - 2.80 2.57
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 0.00 - 2.60 2.45
down 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 2.95 2.38
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 2.73 2.24
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 2.61 2.07
up 5.74% REC 20/06/2024 Debenture AAA 0.00 - 2.06 2.06
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 2.18 2.06
up 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.33 - 2.45 1.94
equal 7.50% HDB Financial Services 23/12/2022 Debenture AAA 1.12 - 1.95 1.69
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 2.07 1.65
new 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 0.00 - 1.62 1.62
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 0.00 - 3.59 1.61
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 2.41 1.51
equal 9.75% Jamnagar Utilities and Power 2024 Debenture AAA 0.00 - 1.84 1.51
up 8.65% Power Finance Corporation 28/12/2024 Bonds AAA 0.00 - 1.49 1.49
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 3.77 1.48
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.98 1.44
equal 7.20% Larsen & Toubro 20/04/2023 Debenture AAA 1.41 - 2.79 1.41
equal 6.30% Rajasthan State 2023 State Development Loan SOV 0.00 - 2.23 1.40

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 16-Dec-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 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:


0.01%

Change from previous, NAV as on 17-Sep-2021

Growth: ₹ 2,549.0536

IDCW Yearly: ₹ 1,852.4053

More

IDCW Quarterly: ₹ 1,134.4540

IDCW Monthly: ₹ 1,469.7828

Discretionary IDCW: ₹ 2,674.4306


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

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 02-Aug-2007
Return Since Launch: 6.84%
Benchmark: CRISIL AAA ST Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,689 Cr (As on 31-Aug-2021)
Expense: 0.65% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Sep-202114.7398

 15-Jun-202122.7823
 15-Mar-202110.5991
 15-Dec-202021.6228
 15-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
IDCW Monthly30-Aug-20219.2155

 29-Jul-20219.6157
 29-Jun-20210.1094
 28-May-20217.0798
 29-Apr-20219.1433
 28-Jan-202136.2539
 30-Dec-202026.1861
 26-Nov-20205.3274
 28-Oct-202010.9358
 28-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
IDCW Yearly15-Mar-2021231.6543

 16-Mar-202095.8286
 15-Mar-20120.8109
 15-Mar-20110.3955
 15-Mar-20100.0140
Discretionary IDCW23-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

Upcoming Video

Viewpoint

The Case for ESG Investing

DateThursday, 30-Sep-2021
Time04:00 PM - 04:30 PM