| Risk | High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.67% |
| NAV | ₹27.98 (31 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹184 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 27.8% |
| ICICI Bank Ltd. | Financial | Equity | 13.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 12.7% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 11.5% |
| Axis Bank Ltd. | Financial | Equity | 6.2% |
| Muthoot Finance Ltd. | Financial | Equity | 3.5% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 2.7% |
| Bajaj Finance Ltd. | Financial | Equity | 2.7% |
| Central Depository Services (India) Ltd. | Financial | Equity | 2.7% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 2.7% |
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 ₹184 Cr and the Latest NAV as of 31 Jul 2020 is ₹27.98.
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.
The investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities of companiesengaged in the business of banking and financial services.
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.