July 29, 2022
mayank
Invesco India Medium Duration Fund Guidance
NAV Growth : Rs 1,025.5488
NAV IDCW Quarterly : Rs 1,003.8284
NAV Discretionary IDCW : Rs 1,025.5941
Suitable For Which Investors ?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy :
The scheme seeks to generate income by investing in a portfolio of Debt and Money Market Instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years.
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: | 17-Jul-21 |
| Return Since Launch: | 2.48% |
| Benchmark: | NIFTY Medium Duration Debt Index B-III |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 460 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.40% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
Invesco India Medium Duration 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 Medium Duration Fund Direct-G | 0.22 | 0.07 | 0.29 | 1.06 | 0.13 | 0.42 | 2.37 | — | — | — | — |
| VR Bond | 0.33 | 0.09 | 0.35 | 0.59 | 0.31 | 0.84 | 2.41 | — | — | — | — |
| Debt: Medium Duration | 1.83 | 0.06 | 0.24 | 1.76 | 1.07 | 1.87 | 4.13 | — | — | — | — |
| Rank within category | 14 | 8 | 6 | 10 | 13 | 13 | 14 | — | — | — | — |
| Number of funds in category | 19 | 20 | 20 | 20 | 20 | 19 | 19 | 15 | 13 | 12 | 0 |
Invesco India Medium Duration Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Medium Duration Fund | Unrated | Jul-21 | 2.37 | — | — | 0.4 | 460 |
| SBI Magnum Medium Duration Fund | 5 star | Jan-13 | 3.04 | 7.53 | 7.68 | 0.68 | 9,384 |
| ICICI Prudential Medium Term Bond Fund | 5 star | Jan-13 | 4.36 | 7.98 | 7.31 | 0.75 | 6,355 |
| HDFC Medium Term Debt Fund | 4 star | Jan-13 | 3.31 | 7.07 | 7.14 | 0.58 | 3,612 |
| Axis Strategic Bond Fund | 4 star | Jan-13 | 4.3 | 7.66 | 7.31 | 0.39 | 1,682 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 25 | 34 | 25 | 36 |
| Modified Duration (yrs) | 2.94 | 3.23 | 2.79 | — |
| Average Maturity (yrs) | 3.6 | 3.98 | 3.4 | — |
| Yield to Maturity (%) | 7.25 | 7.25 | 5.54 | — |
| Avg Credit Rating | AAA | — | — | — |
Invesco India Medium Duration Fund Guidance by Chanakya :
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