July 26, 2022
mayank
Invesco India Banking & PSU Debt Fund Guidance
NAV Growth : Rs 1,951.5302
NAV IDCW Monthly : Rs 995.6903
NAV IDCW Daily : Rs 1,006.2680
Suitable For Which Investors ?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The fund generates returns by investing primarily in debt & Money Market Instruments issued by Banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.
Fund Manager :
— Krishna Venkat Cheemalapati
Education : Mr. Cheemalapati is a B.E., PGDBA and CFA from ICFAI Hyderabad.
Experience : Prior to joining Invesco Mutual Fund, he has worked with Reliance General Insurance Company Ltd. as CIO and with ICAP India Pvt. Ltd as fixed income dealer.
— Vikas Garg
Education : Mr. Garg is CFA MBA Finance, B-Tech and M- Tech
Experience : Prior to joining Invesco India Mutual Fund, he has worked with L&T Mutual Fund as Fund Manager, Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | Invesco Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 7.20% |
| Benchmark: | NIFTY Banking and PSU Debt Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| % Assets: | Rs 234 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.28% |
| (As on 30-Jun-2022) | |
| Risk Grade: | High |
| Return Grade: | Below Average |
Invesco India Banking & PSU Debt Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Invesco India Banking & PSU Debt Direct-G | -1.24 | 0.08 | 0.13 | 0.7 | -0.57 | -0.63 | 1.03 | 5.47 | 6.31 | 6.69 | — |
| CCIL T Bill Liquidity Weight | 1.05 | -0.01 | 0.03 | 0.21 | 0.44 | 0.94 | 1.95 | 2.63 | 3.28 | 3.64 | — |
| Debt: Banking and PSU | 1.23 | 0.07 | 0.12 | 0.74 | 0.55 | 1.15 | 3.09 | 6.51 | 6.83 | 7.56 | — |
| Rank within category | 22 | 10 | 7 | 11 | 22 | 22 | 22 | 16 | 14 | 14 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 17 | 16 | 14 | 0 |
Invesco India Banking & PSU Debt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Banking & PSU Debt Fund | 1 star | Jan-13 | 1.03 | 5.47 | 6.31 | 0.28 | 234 |
| IDFC Banking & PSU Debt Fund | 5 star | Mar-13 | 3.06 | 7.01 | 7.42 | 0.32 | 16,383 |
| Axis Banking & PSU Debt Fund | 5 star | Jan-13 | 3.4 | 6.6 | 7.34 | 0.33 | 14,331 |
| Aditya Birla Sun Life Banking & PSU Debt Fund | 4 star | Jan-13 | 3.37 | 6.75 | 7.05 | 0.34 | 10,369 |
| ICICI Prudential Banking & PSU Debt Fund | 4 star | Jan-13 | 3.97 | 6.62 | 6.67 | 0.35 | 9,926 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 16 | 24 | 16 | 64 |
| Modified Duration (yrs) | 2.02 | 6.03 | 2.02 | 1.67 |
| Average Maturity (yrs) | 2.55 | 8.32 | 2.55 | 2.27 |
| Yield to Maturity (%) | 6.68 | 6.99 | 6.45 | 6.52 |
| Avg Credit Rating | AAA | — | — | — |
Invesco India Banking & PSU Debt Fund Guidance by Chanakya :
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