July 26, 2022
mayank
Invesco India Corporate Bond Fund Guidance
NAV Growth : Rs 2,731.7239
NAV IDCW Yearly : Rs 1,216.9318
Suitable For Which Investors ?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 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.
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) | 100 |
| Min. No of Cheques | 12 |
| 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: | 7.42% |
| Benchmark: | NIFTY Corporate Bond Index B-III |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| % Assets: | Rs 2,566 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.28% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
Invesco India Corporate Bond 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 Corporate Bond Direct-G | 0.9 | 0.08 | 0.12 | 0.75 | 0.11 | 0.72 | 2.57 | 6.55 | 5.82 | 7.35 | — |
| VR Bond | 0.13 | 0.13 | 0.12 | 0.4 | 0.1 | 0.5 | 2.29 | 3.87 | 5.02 | 5.98 | — |
| Debt: Corporate Bond | 0.9 | 0.08 | 0.12 | 0.78 | 0.21 | 0.77 | 2.74 | 6.5 | 6.71 | 7.48 | — |
| Rank within category | 13 | 12 | 12 | 14 | 13 | 13 | 13 | 13 | 13 | 9 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 19 | 14 | 12 | 0 |
Invesco India Corporate Bond Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Corporate Bond Fund | 3 star | Jan-13 | 2.57 | 6.55 | 5.82 | 0.28 | 2,566 |
| ICICI Prudential Corporate Bond Fund | 4 star | Jan-13 | 3.72 | 6.9 | 7.07 | 0.27 | 15,110 |
| Aditya Birla Sun Life Corporate Bond Fund | 5 star | Jan-13 | 3.22 | 7.04 | 7.26 | 0.3 | 13,326 |
| Kotak Corporate Bond Fund – Standard Plan | 4 star | Jan-13 | 3.38 | 6.48 | 7.08 | 0.3 | 8,902 |
| Axis Corporate Debt Fund | 5 star | Jul-17 | 3.62 | 7.58 | 7.36 | 0.25 | 3,520 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 63 | 91 | 61 | 67 |
| Modified Duration (yrs) | 1.49 | 2.17 | 1.43 | 1.74 |
| Average Maturity (yrs) | 1.69 | 2.57 | 1.64 | 2.29 |
| Yield to Maturity (%) | 6.87 | 6.87 | 4.79 | 6.78 |
| Avg Credit Rating | AAA | — | — | — |
Invesco India Corporate Bond Fund Guidance by Chanakya :
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