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Invesco India Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.69 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.43 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.61 -0.57 -0.14 0.64 10.24 8.94 21.90 19.18 12.85 15.00 15.21
Equity: Sectoral-Banking -0.72 -0.65 -0.56 -0.71 9.88 2.69 13.73 13.99 7.19 9.60 10.11
Rank within category 3 10 10 7 9 4 6 4 3 2 2
Number of funds in category 23 23 23 23 22 19 18 17 12 10 8

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 33.97 (28-Apr-2009 - 28-May-2009) -27.38 (26-Sep-2008 - 27-Oct-2008)
Quarter 89.67 (09-Mar-2009 - 10-Jun-2009) -35.61 (02-Sep-2008 - 02-Dec-2008)
Year 156.96 (09-Mar-2009 - 11-Mar-2010) -30.30 (23-Nov-2010 - 23-Nov-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 20.12 15.90 0.91 1.21 0.84 1.47
Equity: Sectoral-Banking 16.74 19.68 0.65 0.90 0.99 -4.29
Rank within category 8 1 4 8 2 4
Number of funds in category 17 17 17 17 17 17

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 88.19
Top 5 Stocks (%) 70.13
Top 3 Sectors (%) 96.87
Portfolio P/B Ratio 3.75
Portfolio P/E Ratio 34.54

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,76,185 2,19,717
Giant (%) 85.55 74.25
Large (%) 4.67 11.49
Mid (%) 8.74 11.74
Small (%) 1.03 4.33
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 26.64 34.79 24.53 24.53
up ICICI Bank Financial 66.86 17.74 11.23 15.15
equal HDFC Financial 34.95 12.89 0.00 12.39
up Kotak Mahindra Bank Financial 39.46 10.35 0.00 10.03
up Axis Bank Financial 46.94 9.90 0.00 8.03
equal Bajaj Finance Financial 51.56 7.36 0.40 6.76
equal State Bank of India Financial 28.05 4.77 0.00 4.25
equal Cholamandalam Invest. & Fin. Financial 20.89 4.89 0.00 2.57
equal ICICI Lombard General Insurance Financial 56.28 2.72 0.00 2.45
up Central Depository Services Financial 24.10 2.60 0.00 2.03
up Indusind Bank Financial 20.82 11.28 0.00 1.98
new Muthoot Finance Financial 13.12 2.63 0.00 1.57
equal Reliance Nippon Life Asset Management Financial 40.48 2.70 0.00 1.41
up Motilal Oswal Financial Financial 28.52 1.26 0.00 1.26
new LIC Housing Fin. Financial 8.80 3.93 0.00 0.99
equal Multi Commodity Exchange India Financial 32.16 4.27 0.48 0.98
new RBL Bank Financial 22.02 3.78 0.00 0.49

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-Dec-2019

Fund Manager

— Amit Ganatra since 09-Nov-2010

Education: Mr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.

Experience: Prior to joining Invesco Mutual Fund, he has worked with DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.

Funds Managed:

— Dhimant Kothari since 01-Jun-2018

Education: Mr. Kothari is a Chartered Accountant and holds a Commerce degree.

Experience: In his last assignment, he was working as Senior Manager – Research with Credit Analysis and Research Ltd., His other assignments include Lotus India Asset Management and CRISIL Ltd.

Funds Managed:


-0.57%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 64.0700

Dividend: ₹ 32.6700


Investment Strategy

The scheme seeks to generate capital appreciation from a portfolio of Equity and Equity Related Instruments of companies engaged in the business of banking and financial services.

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 For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 14-Jul-2008
Return Since Launch: 17.50%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 200 Cr (As on 31-Dec-2019)
Expense: 2.81% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-Feb-20192.6562

 30-Nov-20153.2000
 03-May-20132.5000
 29-Jan-20102.5000
 03-Jul-20090.7500

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: www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM