July 26, 2022
mayank
Invesco India Gilt Fund Guidance
NAV Growth : Rs 2,477.3095
NAV IDCW Yearly : Rs 1,300.4313
Suitable For Which Investors ?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
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 returns by investing predominantly in a portfolio of securities issued and guaranteed by Central and State Government across maturities.
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: | 7.45% |
| Benchmark: | NIFTY All Duration G-Sec Index |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| % Assets: | Rs 20 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.48% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Above Average |
| Return Grade: | Low |
Invesco India Gilt 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 Gilt Direct-G | 0.87 | 0.06 | 0.18 | 0.72 | 0.88 | 1.42 | 2.62 | 4.14 | 5.04 | 7.21 | — |
| CCIL All Sovereign Bond – TRI | -2.03 | 0.21 | 0.18 | 0.48 | -0.94 | -0.96 | 1.09 | 4.62 | 6.12 | 7.7 | — |
| Debt: Gilt | 0.09 | 0.09 | 0.24 | 0.84 | 0.2 | 0.31 | 2.21 | 5.62 | 6.19 | 7.87 | — |
| Rank within category | 2 | 19 | 19 | 21 | 1 | 1 | 8 | 21 | 19 | 16 | — |
| Number of funds in category | 24 | 26 | 26 | 26 | 26 | 24 | 23 | 21 | 21 | 21 | 0 |
Invesco India Gilt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Gilt Fund | 1 star | Jan-13 | 2.62 | 4.14 | 5.04 | 0.48 | 20 |
| SBI Magnum Gilt Fund | 5 star | Jan-13 | 3.01 | 6.35 | 6.79 | 0.46 | 3,566 |
| IDFC Government Securities Fund – Investment Plan | 4 star | Jan-13 | 1.68 | 6.63 | 7.19 | 0.62 | 1,366 |
| Aditya Birla Sun Life Government Securities Fund | 4 star | Jan-13 | 2.7 | 6.13 | 6.7 | 0.29 | 1,185 |
| DSP Government Securities Fund | 4 star | Jan-13 | 2.72 | 6.83 | 7.29 | 0.54 | 408 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 5 | 5 | 2 | 13 |
| Modified Duration (yrs) | 2.37 | 7.77 | 0.27 | 3.32 |
| Average Maturity (yrs) | 2.94 | 15.12 | 0.32 | 5.05 |
| Yield to Maturity (%) | 6.43 | 6.43 | 3.69 | 6.69 |
| Avg Credit Rating | GOI/Cash | — | — | — |
Invesco India Gilt Fund Guidance by Chanakya :
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