July 29, 2022
mayank
Invesco India Money Market Fund Guidance
NAV Growth : Rs 2,558.1147
NAV IDCW Monthly : Rs 1,045.5549
Suitable For Which Investors ?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme seeks to generate superior risk-adjusted returns by investing in Money Market Instruments.
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: | 01-Jan-13 |
| Return Since Launch: | 7.33% |
| Benchmark: | NIFTY Money Market Index A-I |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 1,814 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.22% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | Average |
Invesco India Money Market 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 Money Market Direct-G | 1.7 | 0.02 | 0.06 | 0.46 | 0.49 | 1.43 | 3.25 | 4.81 | 5.92 | 6.47 | — |
| CCIL T Bill Liquidity Weight | 1.07 | 0.02 | 0.04 | 0.22 | 0.41 | 0.92 | 1.96 | 2.62 | 3.26 | 3.64 | — |
| Debt: Money Market | 2.17 | 0.02 | 0.07 | 0.42 | 0.86 | 1.88 | 3.74 | 5.03 | 6.03 | 6.56 | — |
| Rank within category | 19 | 5 | 18 | 2 | 19 | 19 | 17 | 13 | 10 | 10 | — |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 18 | 15 | 12 | 12 | 0 |
Invesco India Money Market Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Money Market Fund | 3 star | Jan-13 | 3.25 | 4.81 | 5.92 | 0.22 | 1,814 |
| SBI Savings Fund | 4 star | Jan-13 | 3.84 | 5.22 | 6.21 | 0.23 | 19,884 |
| HDFC Money Market Fund | 4 star | Jan-13 | 3.9 | 5.35 | 6.31 | 0.21 | 12,713 |
| Aditya Birla Sun Life Money Manager Fund | 5 star | Jan-13 | 3.93 | 5.36 | 6.41 | 0.21 | 12,135 |
| Nippon India Money Market Fund | 4 star | Jan-13 | 4.03 | 5.17 | 6.27 | 0.18 | 9,123 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 26 | 50 | 26 | 44 |
| Modified Duration (yrs) | 0.61 | 0.82 | 0.12 | — |
| Average Maturity (yrs) | 0.65 | 0.86 | 0.12 | — |
| Yield to Maturity (%) | 6.27 | 6.27 | 3.65 | — |
| Avg Credit Rating | AAA | — | — | — |
Invesco India Money Market Fund Guidance by Chanakya :
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