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2 star

Invesco India Gilt Fund


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 7.50 0.36 0.61 1.42 0.12 2.60 8.14 6.90 7.82 8.64 7.51
CCIL All Sovereign Bond - TRI 10.91 0.21 0.45 1.10 0.21 4.65 12.52 9.69 9.56 10.43 9.27
Debt: Gilt 9.95 0.29 0.50 1.51 0.87 3.64 10.89 8.41 8.59 9.47 8.93
Rank within category 24 3 2 19 25 23 24 22 20 19 20
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Gilt Fund  | Invest Online
2 star
Feb-08 8.14 6.90 7.82 1.25 32
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 12.24 9.11 9.55 0.95 3,693
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
Dec-08 14.02 10.51 9.86 1.22 1,596
Nippon India Gilt Securities PF
4 star
Aug-08 11.46 9.61 9.93 1.71 1,506
Nippon India Gilt Securities Fund  | Invest Online
4 star
Jul-03 11.44 9.60 9.93 1.59 1,506

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.08 (11-Dec-2008 - 18-Dec-2008) -11.48 (02-Jan-2009 - 09-Jan-2009)
Month 13.29 (03-Dec-2008 - 02-Jan-2009) -10.76 (02-Jan-2009 - 02-Feb-2009)
Quarter 14.39 (03-Oct-2008 - 02-Jan-2009) -13.61 (05-Jan-2009 - 06-Apr-2009)
Year 19.66 (02-Dec-2015 - 01-Dec-2016) -11.70 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.26 4.47 0.27 0.47 0.84 -2.02
CCIL All Sovereign Bond - TRI 8.90 5.00 0.77 1.50 -- --
Debt: Gilt 7.60 4.08 0.63 1.26 0.76 -0.36
Rank within category 23 21 23 22 21 22
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 5 3 8
Modified Duration (yrs) 8.65 8.65 5.43 6.98
Average Maturity (yrs) 13.02 13.02 7.25 10.56
Yield to Maturity (%) 6.27 6.78 5.78 6.02
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 86.86 86.86
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 6.05 6.05
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 8.30 5.02

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 30-Sep-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 29-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:


0.36%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 2,249.8526

Dividend Yearly: ₹ 1,134.8741

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Dividend Quarterly: ₹ 1,076.5073

Dividend Monthly: ₹ 1,267.2087


Investment Strategy

The scheme seeks to generate returns by investing predominantly in a portfolio of securities issued and guaranteed by Central and State Government across maturities.

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: 09-Feb-2008
Return Since Launch: 6.59%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 32 Cr (As on 30-Sep-2020)
Expense: 1.25% (As on 30-Sep-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly15-Sep-202017.3096

 15-Jun-202027.9021
 16-Mar-202025.1336
 15-Dec-20190.1323
 15-Sep-201933.6298
 14-Jun-201923.0730
 15-Mar-201914.0107
 15-Sep-20177.7600
 15-Jun-201714.6295
 15-Mar-201719.3368
 15-Dec-201652.6874
 15-Sep-201625.2344
 15-Jun-201625.1067
 15-Mar-20160.4194
 15-Dec-20154.6533
 15-Mar-201510.4603
 15-Dec-201447.7262
 15-Sep-20142.5471
 15-Jun-201420.9410
 15-Jun-201326.7292
 15-Mar-20130.3501
 15-Dec-20120.2511
 14-Sep-20120.1645
 15-Sep-20110.1645
 15-Jun-20110.0923
Dividend Yearly16-Mar-202077.5517

 15-Mar-2019112.5512
 15-Mar-2018249.8906
 15-Mar-201584.6599
 15-Mar-20120.6431
 15-Mar-20110.6468
Dividend Monthly30-Aug-20173.5984

 28-Jul-20174.9367
 29-Jun-20178.0834
 30-May-20171.7093
 30-Jan-201711.6610
 29-Dec-201642.6447
 29-Nov-201617.8775
 27-Oct-20168.5115
 29-Sep-20164.5544
 30-Aug-20166.5177
 28-Jul-201613.0404
 29-Jun-20164.8203
 30-May-20164.0439
 28-Apr-201610.3283
 30-Mar-20169.6841
 27-Nov-20150.8340
 29-Oct-20154.9851
 29-Sep-20156.8051
 28-Aug-201539.2976
 29-Apr-20153.8850
 30-Mar-20154.8554
 26-Feb-201510.3809
 29-Jan-201563.3781
 27-Feb-20130.1266
 29-Nov-20120.5426

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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