Invesco India Banking & PSU Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 22-11-2024
₹ 2299.08
Inception Returns
7.2%
/yr
About Invesco India Banking & PSU Fund Direct Growth
Invesco India Banking & PSU Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vikas Garg, Krishna Cheemalapati. This fund is suitable to keep your money safe.
Key Parameters
- Invesco India Banking & PSU Fund Direct Growth has ₹102 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Invesco India Banking & PSU Fund Direct Growth has given a CAGR return of 7.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.65%, 5.32% and 5.96% respectively.
Holdings
Invesco India Banking & PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are ICICI Bank Limited, National Bank for Agriculture and Rural Development 7.68%, Indian Railway Finance Corporation Limited, Small Industries Development Bank Of India, Bank Of Baroda
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Invesco India Banking & PSU Fund Direct Growth
To generate returns by investing primarily in debt & Money Market Instruments issued by banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Invesco India Banking & PSU Fund Direct Growth has no lock in period.
Historical NAV & Returns
Invesco India Banking & PSU Fund Direct Growth Overview
| Expense ratio | 0.25% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹102 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 84.73% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 101.4 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 2 Sectors in October were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Limited | 9.43% | 0% | |
National Bank for Agriculture and Rural Development 7.68% | 7.89% | 0% | |
Indian Railway Finance Corporation Limited | 7.85% | 0% | |
Small Industries Development Bank Of India | 7.81% | 0% | |
Bank Of Baroda | 5.05% | 0% |
Mutual Fund Insights
Invesco India Banking & PSU Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹102 Cr
Expense Ratio 0.25%
Frequently Asked Questions for Invesco India Banking & PSU Fund Direct Growth
Invesco India Banking & PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.44% | 0.44% |
6 Month Returns | 4.32% | 4.32% |
1 Year Returns | 8.65% | 8.65% |
3 Years Returns | 16.82% | 5.32% |
5 Years Returns | 33.54% | 5.96% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |