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| NAV: 26 Oct 2021 | ₹1,018.03 |
| Min. SIP amount | ₹1,000 |
| Rating | 1star |
| Fund size | ₹242.21 Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Debt Banking and PSU
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 3.4% | 8.3% | 7.5% | 7.9% |
| Category average | 4.4% | 8.4% | 7.7% | NA |
| Rank with in category | 16 | 14 | 14 | NA |
Understand termsinfo
Holdings (20)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
National Highways Authority of India Ltd. | Services | Debenture | 8.6% |
Indian Railway Finance Corporation Ltd. | Financial | NCD | 8.3% |
GOI | Sovereign | GOI Sec | 6.6% |
Power Finance Corporation Ltd. | Financial | NCD | 6.5% |
National Bank For Agriculture & Rural Development | Financial | Bonds/NCD | 6.3% |
ICICI Bank Ltd. | Financial | Debenture | 6.2% |
Hindustan Petroleum Corporation Ltd. | Energy | Debenture | 6.2% |
GOI | Sovereign | GOI Sec | 6.0% |
Power Grid Corporation of India Ltd. | Energy | Debenture | 4.6% |
Export-Import Bank Of India | Financial | Bonds | 4.5% |
See All
Disclaimer
This content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
infoCategory: Debt Banking and PSU
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Pros
Exit load is zero
Lower expense ratio: 0.23%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
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Cons
Lower AUM: 242Cr.
Funds with lower AUM tend to have higher expense ratio
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 1
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.23%
31 Aug 2021 - 30 Sep 2021
0.23%
31 Jul 2021 - 31 Aug 2021
0.23%
30 Jun 2021 - 31 Jul 2021
0.23%
31 May 2021 - 30 Jun 2021
0.23%
30 Apr 2021 - 31 May 2021
0.23%
31 Mar 2021 - 30 Apr 2021
0.23%
28 Feb 2021 - 31 Mar 2021
0.23%
31 Jan 2021 - 28 Feb 2021
0.23%
31 Dec 2020 - 31 Jan 2021
0.23%
30 Nov 2020 - 31 Dec 2020
0.23%
31 Oct 2020 - 30 Nov 2020
0.23%
30 Sep 2020 - 31 Oct 2020
0.23%
31 Aug 2020 - 30 Sep 2020
0.23%
31 Jul 2020 - 31 Aug 2020
0.23%
30 Jun 2020 - 31 Jul 2020
0.23%
31 May 2020 - 30 Jun 2020
0.05%
30 Apr 2020 - 31 May 2020
0.05%
31 Mar 2020 - 30 Apr 2020
0.05%
29 Feb 2020 - 31 Mar 2020
0.50%
31 Jan 2020 - 29 Feb 2020
0.25%
31 Dec 2019 - 31 Jan 2020
0.25%
30 Nov 2019 - 31 Dec 2019
0.25%
31 Oct 2019 - 30 Nov 2019
0.25%
30 Sep 2019 - 31 Oct 2019
0.25%
31 Aug 2019 - 30 Sep 2019
0.25%
31 Jul 2019 - 31 Aug 2019
0.25%
30 Jun 2019 - 31 Jul 2019
0.25%
31 May 2019 - 30 Jun 2019
0.25%
30 Apr 2019 - 31 May 2019
0.25%
31 Mar 2019 - 30 Apr 2019
0.25%
28 Feb 2019 - 31 Mar 2019
0.25%
31 Jan 2019 - 28 Feb 2019
0.25%
31 Dec 2018 - 31 Jan 2019
0.25%
30 Nov 2018 - 31 Dec 2018
0.25%
31 Oct 2018 - 30 Nov 2018
0.25%
30 Sep 2018 - 31 Oct 2018
0.25%
31 Aug 2018 - 30 Sep 2018
0.25%
31 Jul 2018 - 31 Aug 2018
0.25%
30 Jun 2018 - 31 Jul 2018
0.25%
31 May 2018 - 30 Jun 2018
0.25%
30 Apr 2018 - 31 May 2018
0.25%
31 Mar 2018 - 30 Apr 2018
0.25%
28 Feb 2018 - 31 Mar 2018
0.25%
31 Jan 2018 - 28 Feb 2018
0.25%
31 Dec 2017 - 31 Jan 2018
0.25%
30 Nov 2017 - 31 Dec 2017
0.25%
31 Oct 2017 - 30 Nov 2017
0.25%
Expense ratio, exit load and tax
Expense ratio: 0.23%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹1,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Sujoy Kumar Das
Jan 2020 - Present
View details
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.
Also manages these schemes
Nitish Sikand
Jan 2013 - Present
View details
Education
Mr. Sikand holds a Commerce degree and is an MBA with a specialization in Finance.
Experience
Prior to joining Invesco Mutual Fund, he has worked with ICICI Bank as Product Manager, JM Financial Asset Management & Citicorp Maruti Finance Limited.
Also manages these schemes
Krishna Venkat Cheemalapati
Dec 2020 - Present
View details
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.
Also manages these schemes
Vikas Garg
Sep 2020 - Present
View details
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.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #16 in India |
|---|---|
| Total AUM | 36,839.43 Cr |
| Date of Incorporation | 24 Jul 2006 |
|---|
Invesco India Banking & PSU Debt Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was made available t
Invesco India Banking & PSU Debt Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was made available to investors on 24 Jul 2006. Nitish Sikand is the Current Fund Manager of Invesco India Banking & PSU Debt Fund Direct IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹36,839 Cr and the Latest NAV as of 26 Oct 2021 is ₹1,018.03.
The Invesco India Banking & PSU Debt Fund Direct IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000.
...Read more
Investment Objective
The fund generates returns by investing primarily in debt & Money Market Instruments issued by Banks, Public Financial Institutions (PFIs), Public Sec
The fund generates returns by investing primarily in debt & Money Market Instruments issued by Banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.
...Read more
| Fund benchmark | CRISIL Banking and PSU Debt |
|---|
Fund house contact details
Address
3rd Floor, GYS Infinity, Paranjpe 'B' Scheme, Subhash Road, Vile Parle (East), Mumbai 400 057
Phone
022 - 67310000
Launch Date
24 Jul 2006
E-mail
[email protected]Website
NA
Invesco Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
www.karvymfs.comCompare funds
Invesco India Banking & PSU Debt Fund Direct IDCW Daily
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