Invesco India Money Market Fund Direct Growth

Invesco India Money Market Fund Direct Growth

Debt

Direct

Money Market

NAV as on 06-12-2024

₹ 3018.03

Inception Returns

7.3%

/yr

About Invesco India Money Market Fund Direct Growth

Invesco India Money Market 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 Money Market Fund Direct Growth has ₹5143 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 7.66%, 6.33% and 5.82% respectively.

Holdings

Invesco India Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are LIC Housing Finance Ltd., HDFC Bank Ltd., 364 DTB, 364 DTB 06032025, 182 DTB 15052025

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
7 people have invested ₹ 64K in Invesco India Money Market Fund Direct Growth in the last three months

Invesco India Money Market Fund Direct Growth Overview

Expense ratio0.22%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹5143 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
218.79%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
Invesco India Money Market Fund Direct Growth
Money Market Index
1M
0.6%
0.4%
3M
1.9%
1.5%
6M
3.8%
3.2%
1Y
7.7%
6.9%
3Y
6.3%
6.1%
5Y
5.8%
5.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
43%
Cash Equivalent
41.4%
Government
15.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 5K Cr
₹ 4.4K Cr
₹ 4.5K Cr
  • AUM of the fund stands at 5K Cr as of Oct'24
  • AUM increased by 608.4 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 69% to 72.2%
Cash allocation has gone up from 69% to 72.2%
Debt allocation has gone down from 30.7% to 27.6%
Debt allocation has gone down from 30.7% to 27.6%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
43%
Government
16%
Sep'24
Corporate
42%
Government
16%
  • Debt & Cash

Holdings
Weight%
1M Change
LIC Housing Finance Ltd.
LIC Housing Finance Ltd.
3.82%
0%
HDFC Bank Ltd.
HDFC Bank Ltd.
3.66%
100%
364 DTB
364 DTB
3.3%
0%
364 DTB 06032025
364 DTB 06032025
2.96%
0%
182 DTB 15052025
182 DTB 15052025
2.82%
0%
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Vikas Garg
Vikas Garg
Fund Manager of Invesco India Money Market Fund Direct Growth, since 16 December 2020
Krishna Cheemalapati
Krishna Cheemalapati
Fund Manager of Invesco India Money Market Fund Direct Growth, since 4 January 2020
Fund House
Invesco Asset Management (India) Private Ltd
Total AUM
₹1.04L Cr
as on 31-Oct-2024
Address
Religare Invesco Asset Management Company Private Limited,3rd Floor, GYS Infinity,,Paranjpe 'B' Scheme, Subhash Road,,Vile Parle (East),
Phone
+912267310000
Website
services@religaremf.com

Mutual Fund Insights

Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8.01% return, outperforming this fund by 0.36%.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.24% return, outperforming this fund by 0.42% 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 0.31%.
Insights icon
Over the last 6 months, this fund has experienced a 25.5% growth in AUM moving from 4.09K Cr to 5.14K Cr.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.82% return, outperforming this fund by 0.49% 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 5.37%
AUM size ₹5143 Cr

AUM size ₹5143 Cr

This fund has AUM of ₹5143 Cr which is less than its category average of ₹ 10081 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 0.32%

Frequently Asked Questions for Invesco India Money Market Fund Direct Growth

The current NAV of Invesco India Money Market Fund Direct Growth is ₹3018.03 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Invesco India Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.59%
0.59%
6 Month Returns
3.75%
3.75%
1 Year Returns
7.66%
7.66%
3 Years Returns
20.22%
6.33%
5 Years Returns
32.66%
5.82%
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 November 2024
₹5143 Cr as on November 2024
LIC Housing Finance Ltd.(3.82%), HDFC Bank Ltd.(3.66%), 364 DTB(3.3%), 364 DTB 06032025(2.96%), 182 DTB 15052025(2.82%) as on November 2024
Cash Equivalent(53.33%), Corporate(31.44%), Government(15.23%) as on November 2024
Yield to Maturity is 7.33 as on November 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 0.51 as on November 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 Money Market Fund Direct Growth
The Exit load of Invesco India Money Market Fund Direct Growth is 0%