Invesco India Corporate Bond Fund Direct Growth

Debt
Direct
Corporate Bond
Invesco India Corporate Bond Fund Direct Growth

About the Fund

Invesco India Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vikas Garg, Krishna Cheemalapati. This fund is suitable to keep your money safe.

Key Parameters

  1. Invesco India Corporate Bond Fund Direct Growth has ₹2625 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Invesco India Corporate Bond Fund Direct Growth has given a CAGR return of 7.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.53%, 5.56% and 6.76% respectively.

Holdings

Invesco India Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.18% Govt Stock 2037, 7.32% Govt Stock 2030, Sikka Ports & Terminals Limited, 7.26% Govt Stock 2033

Taxation

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Invesco India Corporate Bond Fund Direct Growth

To generate regular and stable income by investing predominantly in bonds issued by corporates. The scheme will invest in bonds which are rated AA+/ AAA by credit rating agencies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Invesco India Corporate Bond Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
390 people have invested ₹ 14.3L in Invesco India Corporate Bond Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.28%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹2625 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
164.14%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
55.7%
Government
40.7%
Cash Equivalent
3.5%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
6.8%
4.4%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
4.31%
0%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
3.59%
4.2%
Sikka Ports & Terminals Limited
Sikka Ports & Terminals Limited
3.06%
29.4%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
2.72%
0%

Vikas Garg
Vikas Garg
Fund Manager of Invesco India Corporate Bond Fund Direct Growth, since 26 September 2020
Krishna Cheemalapati
Krishna Cheemalapati
Fund Manager of Invesco India Corporate Bond Fund Direct Growth, since 16 December 2020

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has experienced a 25.7% drop in AUM moving from 3.53K Cr to 2.62K Cr.
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This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.28% which is lower than the category average expense ratio of 0.5%.
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In the last 5 years, Axis Corporate Debt Fund Direct Growth has given 7.55% return, outperforming this fund by 0.8% per annum.
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In the last 3 years, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 6.48% return, outperforming this fund by 0.92% per annum.
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In the last 1 year, Aditya Birla Sun Life Corporate Bond Fund Direct Plan Growth has given 7.88% return, outperforming this fund by 0.36%.

Invesco India Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.37% since inception which is more than its category average return of 5.54%
AUM size ₹2625 Cr

AUM size ₹2625 Cr

This fund has AUM of ₹2625 Cr which is less than its category average of ₹ 6097 Cr
Expense Ratio 0.28%

Expense Ratio 0.28%

This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of Invesco India Corporate Bond Fund Direct Growth is ₹3132.37 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Invesco India Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.73%
0.73%
6 Month Returns
4.14%
4.14%
1 Year Returns
7.53%
7.53%
3 Years Returns
17.63%
5.56%
5 Years Returns
38.67%
6.76%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.28% as on June 2024
₹2625 Cr as on June 2024
7.18% Govt Stock 2033(6.8%), 7.18% Govt Stock 2037(4.31%), 7.32% Govt Stock 2030(3.59%), Sikka Ports & Terminals Limited(3.06%), 7.26% Govt Stock 2033(2.72%) as on June 2024
Corporate(56.44%), Government(40.2%), Cash Equivalent(3.36%) as on June 2024
Yield to Maturity is 7.62 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.48 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vikas Garg, Krishna Cheemalapati are the fund managers of Invesco India Corporate Bond Fund Direct Growth
The Exit load of Invesco India Corporate Bond Fund Direct Growth is 0%