Invesco India Money Market Fund Direct Growth

Debt
Direct
Money Market
Invesco India Money Market Fund Direct Growth

About the Fund

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

Key Parameters

  1. Invesco India Money Market Fund Direct Growth has ₹4537 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Invesco India Money Market Fund Direct Growth has given a CAGR return of 7.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.45%, 5.85% and 5.75% respectively.

Holdings

Invesco India Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are LIC Housing Finance Ltd., Axis Bank Limited, 364 DTB 06032025, Bank Of Baroda, Small Industries Development Bank of India

Taxation

As it is a money market 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 Money Market Fund Direct Growth

To generate superior risk-adjusted returns by investing in Money Market Instruments.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
5 people have invested ₹ 2.8L in Invesco India Money Market Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.22%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹4537 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
200.15%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
53.8%
Cash Equivalent
35.4%
Government
10.8%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
LIC Housing Finance Ltd.
LIC Housing Finance Ltd.
4.76%
0%
Axis Bank Limited
Axis Bank Limited
4.75%
0%
364 DTB 06032025
364 DTB 06032025
3.69%
0%
Bank Of Baroda
Bank Of Baroda
3.57%
0%
Canara Bank
Canara Bank
3.56%
0%

Krishna Cheemalapati
Krishna Cheemalapati
Fund Manager of Invesco India Money Market Fund Direct Growth, since 4 January 2020
Vikas Garg
Vikas Garg
Fund Manager of Invesco India Money Market Fund Direct Growth, since 16 December 2020

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 48.2% growth in AUM moving from 3.06K Cr to 4.53K Cr.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.34% return, outperforming this fund by 0.49% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.22% which is lower than the category average expense ratio of 0.33%.
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In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.87% return, outperforming this fund by 0.42%.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.21% return, outperforming this fund by 0.46% per annum.

Invesco India Money Market Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.31% since inception which is more than its category average return of 5.24%
AUM size ₹4537 Cr

AUM size ₹4537 Cr

This fund has AUM of ₹4537 Cr which is less than its category average of ₹ 9116 Cr
Expense Ratio 0.22%

Expense Ratio 0.22%

This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of Invesco India Money Market Fund Direct Growth is ₹2936.49 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Invesco India Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.68%
0.68%
6 Month Returns
3.82%
3.82%
1 Year Returns
7.45%
7.45%
3 Years Returns
18.6%
5.85%
5 Years Returns
32.28%
5.75%
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.
0.22% as on June 2024
₹4537 Cr as on June 2024
LIC Housing Finance Ltd.(4.76%), Axis Bank Limited(4.75%), 364 DTB 06032025(3.69%), Bank Of Baroda(3.57%), Small Industries Development Bank of India(3.56%) as on June 2024
Corporate(53.76%), Cash Equivalent(35.4%), Government(10.84%) as on June 2024
Yield to Maturity is 7.57 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 0.69 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Krishna Cheemalapati, Vikas Garg are the fund managers of Invesco India Money Market Fund Direct Growth
The Exit load of Invesco India Money Market Fund Direct Growth is 0%