Fund Details
Invesco India Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.09% |
| NAV | ₹1030.07 (30 Nov 2020) |
|---|---|
| Fund Started | 08 Jan 2020 |
| Fund Size | ₹252 Cr |
Comparison
1. Lower expense ratio - 0.09%
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
3. Risk-adjusted returns are lower compared to the category
Fund Managers
Invesco India Overnight Fund Direct Growth Details
Invesco India Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was made available to investors on 08 Jan 2020. Krishna Venkat Cheemalapati is the Current Fund Manager of Invesco India Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹252 Cr and the Latest NAV as of 30 Nov 2020 is ₹1030.07.
The Invesco India Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 1000.
Investment Objective
The Scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
