Invesco India Money Market Fund - Growth

(Erstwhile Invesco India Credit Opportunities Fund - Growth)
Fund House: Invesco Mutual Fund
Category: Debt: Money Market
Launch Date: 05-08-2009
Asset Class: Fixed Income
Benchmark: NIFTY Money Market Index A-I
TER: 0.55% As on (30-09-2023)
Status: Open Ended Schemes
Minimum Investment: 1000.0
Minimum Topup: 1000.0
Total Assets: 3,299.77 Cr As on (31-10-2023)
Turn over: - | Exit Load: Nil

2717.1981

7.25%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE Liquid Rate Index
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Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme aims to provide liquidity and optimal returns to the investors by investing primarily in a mix of debt and money market instruments.

Current Asset Allocation (%)

Indicators

Standard Deviation 0.68
Sharpe Ratio -0.09
Alpha 2.61
Beta 1.49
Yield to Maturity 7.43
Average Maturity 0.36

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Invesco India Money Market Fund - Growth 05-08-2009 7.02 5.33 4.72 5.44 6.74
UTI MMF - Regular Plan - Growth Option 01-07-2009 7.46 6.06 5.28 6.04 6.97
Aditya Birla Sun Life Money Manager Fund - Growth 10-10-2005 7.45 6.02 5.28 6.17 7.08
Aditya Birla Sun Life Money Manager Fund - Retail Growth 05-06-2003 7.45 6.02 5.28 6.17 7.07
Tata Money Market Fund-Regular Plan - Growth Option 20-05-2003 7.39 5.97 5.27 6.14 6.19
Nippon India Money Market Fund-Growth Plan-Growth Option 01-06-2005 7.38 6.07 5.29 6.06 6.98
ICICI Prudential Money Market Fund Option - Growth 01-03-2006 7.37 5.92 5.17 5.99 6.94
Axis Money Market Fund - Regular Plan - Growth Option 05-08-2019 7.35 5.94 5.2 - -
Kotak Money Market Scheme - (Growth) 14-07-2003 7.33 5.97 5.19 5.92 6.92
HDFC Money Market Fund - Growth Option 05-11-1999 7.3 5.89 5.17 6.09 6.92

Scheme Characteristics

Investment in Money Market instruments having maturity upto 1 year.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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