July 30, 2022
mayank
Invesco India Overnight Fund Guidance
NAV Growth : Rs 1,089.5536
NAV IDCW Monthly : Rs 1,000.4384
NAV IDCW Daily : Rs 1,000.3999
Suitable For Which Investors ?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The Scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day.
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.
— Prateek Jain
Education : Mr. Jain is B.M.S. & M.Com
Experience : Prior to joining Invesco Mutual Fund, he has worked with Principal Pnb AMC as Fixed Income Dealer, Taurus Corporate Advisory Service Ltd. as Debt Dealer in Wholesale Debt Markets & in Edelweiss Web Services Ltd. as Junior Associate.
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: | 08-Jan-20 |
| Return Since Launch: | 3.40% |
| Benchmark: | NIFTY 1D Rate Index |
| Riskometer: | Low |
| Type: | Open-ended |
| Assets: | Rs 409 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.09% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | Below Average |
Invesco India Overnight 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 Overnight Fund Direct-G | 2.23 | 0.01 | 0.1 | 0.4 | 1.1 | 1.94 | 3.62 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 1.12 | 0.05 | 0.05 | 0.25 | 0.44 | 0.97 | 1.97 | — | — | — | — |
| Debt: Overnight | 2.23 | 0.01 | 0.1 | 0.4 | 1.1 | 1.94 | 3.62 | — | — | — | — |
| Rank within category | 16 | 15 | 20 | 6 | 13 | 19 | 18 | — | — | — | — |
| Number of funds in category | 29 | 30 | 30 | 30 | 30 | 30 | 29 | 22 | 3 | 3 | 0 |
Invesco India Overnight Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Overnight Fund | 2 star | Jan-20 | 3.62 | — | — | 0.09 | 409 |
| Aditya Birla Sun Life Overnight Fund | 4 star | Nov-18 | 3.64 | 3.67 | — | 0.08 | 12,067 |
| Axis Overnight Fund | 4 star | Mar-19 | 3.66 | 3.69 | — | 0.04 | 11,357 |
| HSBC Overnight Fund | 5 star | May-19 | 3.68 | 3.71 | — | 0.11 | 912 |
| Mirae Asset Overnight Fund | 5 star | Oct-19 | 3.67 | — | — | 0.11 | 712 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 1 | 3 | 1 | 2 |
| Modified Duration (yrs) | 0 | 0.01 | 0 | — |
| Average Maturity (yrs) | 0 | 0.01 | 0 | — |
| Yield to Maturity (%) | 4.66 | 4.66 | 3.09 | 4.68 |
| Avg Credit Rating | — | — | — |
Invesco India Overnight Fund Guidance by Chanakya :
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