Invesco India Banking & PSU Fund Direct Growth

Invesco India Banking & PSU 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.

1. Invesco India Banking & PSU Fund Direct Growth has ₹103 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.
   

Invesco India Banking & PSU Fund Direct Growth has given a CAGR return of 7.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.56%, 7.70% and 6.06% respectively.

Invesco India Banking & PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are National Bank for Agriculture and Rural Development 7.68%, Indian Railway Finance Corporation Limited, Small Industries Development Bank Of India, 7.18% Govt Stock 2037, 7.18% Govt Stock 2033

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate returns by investing primarily in debt & Money Market Instruments issued by banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.

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