Fund Details
Invesco India Financial Services Fund Direct Dividend
| Risk | High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.15% |
| NAV | ₹37.78 (22 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹279 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio - 1.68%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 25.4% |
| ICICI Bank Ltd. | Financial | Equity | 14.7% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 11.4% |
| Axis Bank Ltd. | Financial | Equity | 8.5% |
| SBI Cards & Payments Services Ltd. | Financial | Equity | 2.9% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 2.8% |
| State Bank of India | Financial | Equity | 2.8% |
| Can Fin Homes Ltd. | Financial | Equity | 2.7% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 2.6% |
| Muthoot Finance Ltd. | Financial | Equity | 2.6% |
Fund Managers
Invesco India Financial Services Fund Direct Dividend Details
Invesco India Financial Services Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Amit Ganatra is the Current Fund Manager of Invesco India Financial Services Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹279 Cr and the Latest NAV as of 22 Jan 2021 is ₹37.78.
The Invesco India Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 1000. For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Investment Objective
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.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
