July 26, 2022
mayank
Invesco India Credit Risk Fund Guidance
NAV Growth : Rs 1,600.8334
NAV IDCW Monthly : Rs 1,108.6117
NAV Discretionary IDCW : Rs 1,613.0630
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 :
— 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 | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House: | Invesco Mutual Fund |
| Launch Date: | 04-Sep-14 |
| Return Since Launch: | 6.14% |
| Benchmark: | NIFTY Credit Risk Bond Index C-III |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| % Assets: | Rs 130 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.28% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Below Average |
Invesco India Credit Risk 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 Credit Risk Direct -G | 1.03 | 0.05 | 0.16 | 0.65 | 0.38 | 0.86 | 2.9 | 5.92 | 3.54 | 5.49 | — |
| 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: Credit Risk | 11.26 | 0.07 | 0.11 | 0.9 | 0.63 | 10.99 | 16.14 | 6.22 | 4.86 | 6.38 | — |
| Rank within category | 13 | 13 | 3 | 13 | 11 | 13 | 14 | 11 | 13 | 11 | — |
| Number of funds in category | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 14 | 0 |
Invesco India Credit Risk Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Credit Risk Fund | 2 star | Sep-14 | 2.9 | 5.92 | 3.54 | 0.28 | 130 |
| HDFC Credit Risk Debt Fund | 5 star | Mar-14 | 4.08 | 8.1 | 7.51 | 0.95 | 8,576 |
| ICICI Prudential Credit Risk Fund | 4 star | Jan-13 | 5.43 | 8.31 | 8.03 | 0.88 | 7,925 |
| SBI Credit Risk Fund | 4 star | Jan-13 | 4.39 | 7.2 | 6.87 | 0.92 | 2,987 |
| Axis Credit Risk Fund | 4 star | Jul-14 | 4.67 | 7.53 | 6.73 | 0.81 | 671 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 13 | 21 | 13 | 30 |
| Modified Duration (yrs) | 1.42 | 2.05 | 1.42 | 1.69 |
| Average Maturity (yrs) | 1.84 | 2.57 | 1.84 | 2.34 |
| Yield to Maturity (%) | 5.98 | 5.98 | 4.72 | 7.43 |
| Avg Credit Rating | AAA | — | — | — |
Invesco India Credit Risk Fund Guidance by Chanakya :
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