June 13, 2025
mayank
Invesco India Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 2,148.3245
Monthly NAV IDCW: Rs 1,177.7433
NAV Discretionary IDCW: Rs 2,164.3597
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate accrual income and capital appreciation by investing in debt securities of varying maturities across the credit spectrum.
Fund Manager:
1) 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.
2) 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. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 4% for redemption within 1 year |
Basic Details of Invesco India Credit Risk Fund
| Fund House | Invesco Mutual Fund |
| Launch Date | 04-Sep-14 |
| Return Since Launch | 7.35% |
| Benchmark | NIFTY Credit Risk Bond Index B-II |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 150 Cr |
| (As on 31-May-2025) | |
| Expense | 0.28% |
| (As on 31-May-2025) | |
| Risk Grade | Low |
| Return Grade | Low |
Trailing Returns (%) of Invesco India Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Invesco India Credit Risk Dir | 6.92 | 0.02 | 0.91 | 3.27 | 7.22 | 11.85 | 10.59 | 8.10 | 6.20 | 7.06 |
| CCIL T Bill Liquidity Weight | 2.57 | -0.01 | 0.60 | 1.60 | 2.72 | 5.29 | 4.52 | 3.52 | 3.75 | 3.95 |
| Debt: Credit Risk | 7.01 | -0.03 | 1.07 | 4.12 | 7.27 | 12.19 | 9.48 | 10.35 | 6.75 | 7.43 |
| Rank within category | 4 | 1 | 11 | 8 | 4 | 4 | 4 | 10 | 11 | 10 |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 |
Peer Comparison of Invesco India Credit Risk Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Invesco India Credit Risk Dir | 1 star | 11.85 | 10.59 | 8.10 | 0.28 | 150 | 7.35 | 4.00 (365) | 10Y 9M |
| Nippon India Credit Risk Dir | 5 star | 10.37 | 8.98 | 9.65 | 0.70 | 1,017 | 7.56 | 1.00 (365) | 12Y 5M |
| HDFC Credit Risk Debt Dir | 3 star | 9.52 | 8.25 | 8.37 | 1.03 | 7,112 | 8.87 | 1.00 (365) | 11Y 2M |
| ICICI Pru Credit Risk Dir | 2 star | 10.33 | 8.85 | 8.46 | 0.76 | 6,135 | 8.99 | 1.00 (365) | 12Y 5M |
| SBI Credit Risk Dir | 3 star | 9.56 | 8.77 | 8.01 | 0.89 | 2,245 | 8.70 | 3.00 (365) | 12Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 32 |
| Macaulay Duration (yrs) | 3.00 | 2.58 |
| Average Maturity (yrs) | 3.97 | 3.61 |
| Yield to Maturity (%) | 6.82 | 7.64 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Invesco India Credit Risk Fund
WILL Post Soon
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