July 30, 2022
mayank
Invesco India Ultra Short Duration Fund
NAV Growth : Rs 2,335.9704
NAV IDCW Yearly : Rs 1,663.3207
Suitable For Which Investors ?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme seeks to primarily generate accrual income by investing in a portfolio of short term Money Market and Debt 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: | 7.39% |
| Benchmark: | NIFTY Ultra Short Duration Debt Index B-I |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 758 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.24% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
Invesco India Ultra Short Term 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 Ultra Short Term Direct-G | 2.26 | 0.02 | 0.07 | 0.42 | 0.9 | 1.92 | 3.78 | 4.9 | 6.06 | 6.94 | — |
| CCIL T Bill Liquidity Weight | 1.12 | 0.05 | 0.05 | 0.25 | 0.44 | 0.97 | 1.97 | 2.63 | 3.28 | 3.64 | — |
| Debt: Ultra Short Duration | 2.24 | 0.02 | 0.08 | 0.41 | 0.91 | 1.91 | 3.93 | 5.1 | 5.62 | 6.32 | — |
| Rank within category | 12 | 6 | 19 | 7 | 15 | 12 | 14 | 12 | — | — | — |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 21 | 13 | 13 | 0 |
Invesco India Ultra Short Term Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Ultra Short Term Fund | 4 star | Jan-13 | 3.78 | 4.9 | 6.06 | 0.24 | 758 |
| Aditya Birla Sun Life Savings Fund | 4 star | Jan-13 | 3.99 | 5.61 | 6.48 | 0.34 | 14,161 |
| HDFC Ultra Short Term Fund | 4 star | Sep-18 | 3.77 | 5.27 | — | 0.34 | 12,720 |
| Kotak Savings Fund | 4 star | Jan-13 | 3.86 | 5.14 | 6.17 | 0.36 | 11,303 |
| ICICI Prudential Ultra Short Term Fund | 5 star | Jan-13 | 4.24 | 5.95 | 6.77 | 0.39 | 10,489 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 32 | 47 | 28 | 36 |
| Modified Duration (yrs) | 0.35 | 0.46 | 0.24 | 0.34 |
| Average Maturity (yrs) | 0.37 | 0.49 | 0.26 | 0.37 |
| Yield to Maturity (%) | 5.77 | 5.77 | 3.7 | 5.71 |
| Avg Credit Rating | AAA | — | — | — |
Invesco India Ultra Short Term Fund Guidance by Chanakya :
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