Invesco India Corporate Bond Fund Direct Growth
DebtCorporate BondModerate Risk
Direct
NAV (06-Sep-24)
₹3170.370.01%1D
Returns (Since Inception)
7.40%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹3,934 Cr
Expense Ratio
0.28%
ISIN
INF205K01RF8
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Invesco India Corporate Bond Fund Direct Growth is a Corporate Bond mutual fund schemes offered by Invesco Mutual Fund. This fund has been in existence for 11 years, 8 months and 6 days, having been launched on 01-Jan-13.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹3170.37, Assets Under Management (AUM) of 3933.65 Crores, and an expense ratio of 0.28%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹3170.37, Assets Under Management (AUM) of 3933.65 Crores, and an expense ratio of 0.28%.
- Invesco India Corporate Bond Fund Direct Growth has given a CAGR return of 7.40% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 94.23% in debts, and 5.54% in cash & cash equivalents.
- You can start investing in Invesco India Corporate Bond Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.11%
+7.27% (Cat Avg.)
3 Years
+5.63%
+5.36% (Cat Avg.)
5 Years
+6.61%
+6.12% (Cat Avg.)
10 Years
+7.50%
+6.51% (Cat Avg.)
Since Inception
+7.40%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹3,706.8 Cr | 94.23% |
| Others | ₹226.84 Cr | 5.77% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹344.21 Cr | 8.75% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹189.52 Cr | 4.82% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹158.77 Cr | 4.04% |
| Triparty Repo | Cash - Repurchase Agreement | ₹119.27 Cr | 3.03% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹111.68 Cr | 2.84% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹108.17 Cr | 2.75% |
| Net Receivables / (Payables) | Cash - Collateral | ₹98.52 Cr | 2.50% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹97.95 Cr | 2.49% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹97.17 Cr | 2.47% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹76.76 Cr | 1.95% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹75.07 Cr | 1.91% |
| 7.23% Govt Stock 2039 | Bond - Gov't/Treasury | ₹74.75 Cr | 1.90% |
| Summit Digitel Infrastructure Limited 8.06% | Bond - Corporate Bond | ₹72.73 Cr | 1.85% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹69.83 Cr | 1.78% |
| National Bank for Agriculture and Rural Development 7.68% | Bond - Gov't Agency Debt | ₹67.37 Cr | 1.71% |
| Jamnagar Utilities And Power Private Limited | Bond - Corporate Bond | ₹65.36 Cr | 1.66% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹60.22 Cr | 1.53% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹59.33 Cr | 1.51% |
| Pipeline Infrastructure Ltd. 7.96% | Bond - Corporate Bond | ₹50.61 Cr | 1.29% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹50.29 Cr | 1.28% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.2 Cr | 1.28% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹50.09 Cr | 1.27% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹50.01 Cr | 1.27% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹50.01 Cr | 1.27% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹49.98 Cr | 1.27% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹49.92 Cr | 1.27% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.9 Cr | 1.27% |
| HDB Financial Services 8.04% | Bond - Corporate Bond | ₹49.82 Cr | 1.27% |
| HDB Financial Services 8.3324% | Bond - Corporate Bond | ₹45.11 Cr | 1.15% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹45.04 Cr | 1.15% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹44.96 Cr | 1.14% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹44.86 Cr | 1.14% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹40.88 Cr | 1.04% |
| 7.02% Govt Stock 2031 | Bond - Gov't/Treasury | ₹40.4 Cr | 1.03% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹40.34 Cr | 1.03% |
| Toyota Financial Services India Limited | Bond - Corporate Bond | ₹40.02 Cr | 1.02% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹39.46 Cr | 1.00% |
| Small Industries Development Bank of India 7.68% | Bond - Corporate Bond | ₹35.08 Cr | 0.89% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹33.98 Cr | 0.86% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.42 Cr | 0.65% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.38 Cr | 0.65% |
| Bank of Baroda 7.57% | Bond - Corporate Bond | ₹25.28 Cr | 0.64% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.21 Cr | 0.64% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.15 Cr | 0.64% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.12 Cr | 0.64% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹25.12 Cr | 0.64% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.12 Cr | 0.64% |
| Indian Railway Finance Corp Ltd. 7.39% | Bond - Gov't Agency Debt | ₹25.09 Cr | 0.64% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹25.08 Cr | 0.64% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.07 Cr | 0.64% |
| REC Ltd. 7.64% | Bond - Corporate Bond | ₹25.06 Cr | 0.64% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.64% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.64% |
| Indian Railway Finance Corp Ltd. 7.46% | Bond - Gov't Agency Debt | ₹25.04 Cr | 0.64% |
| Titan Company Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.64% |
| Power Finance Corp Ltd. 7.55% | Bond - Corporate Bond | ₹25.01 Cr | 0.64% |
| LIC Housing Finance Ltd. 7.835% | Bond - Corporate Bond | ₹25 Cr | 0.64% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹25 Cr | 0.64% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹24.97 Cr | 0.63% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.94 Cr | 0.63% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.91 Cr | 0.63% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹24.89 Cr | 0.63% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.89 Cr | 0.63% |
| HDB Financial Services 7.5% | Bond - Corporate Bond | ₹24.84 Cr | 0.63% |
| Tata Capital Limited | Bond - Corporate Bond | ₹24.8 Cr | 0.63% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹24.56 Cr | 0.62% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹24.49 Cr | 0.62% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹23.93 Cr | 0.61% |
| ICICI Home Finance Company Limited 8.0915% | Bond - Corporate Bond | ₹23.08 Cr | 0.59% |
| Bank Of Baroda | Bond - Corporate Bond | ₹20.46 Cr | 0.52% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹20.4 Cr | 0.52% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹20.31 Cr | 0.52% |
| Power Finance Corp Ltd. 7.6% | Bond - Corporate Bond | ₹20.12 Cr | 0.51% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹20.03 Cr | 0.51% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹19.99 Cr | 0.51% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹19.99 Cr | 0.51% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹15.46 Cr | 0.39% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹15.04 Cr | 0.38% |
| Small Industries Development Bank of India 7.68% | Bond - Corporate Bond | ₹15.03 Cr | 0.38% |
| ICICI Home Finance Limited | Bond - Corporate Bond | ₹15.02 Cr | 0.38% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹10.06 Cr | 0.26% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹9.96 Cr | 0.25% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹9.06 Cr | 0.23% |
| Sundaram Home Finance Limited | Bond - Corporate Bond | ₹7.5 Cr | 0.19% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹5.74 Cr | 0.15% |
| 7.06% Govt Stock 2028 | Bond - Gov't/Treasury | ₹5.04 Cr | 0.13% |
| National Housing Bank | Bond - Corporate Bond | ₹5.02 Cr | 0.13% |
| 8.24% Govt Stock 2027 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.13% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.99 Cr | 0.13% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹4.97 Cr | 0.13% |
| Ntpc Limited | Bond - Corporate Bond | ₹4.89 Cr | 0.12% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹4.79 Cr | 0.12% |
| 6.79% Govt Stock 2027 | Bond - Gov't/Treasury | ₹3.15 Cr | 0.08% |
| 6.54% Govt Stock 2032 | Bond - Gov't/Treasury | ₹2.94 Cr | 0.07% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹1.98 Cr | 0.05% |
| 6.97% Govt Stock 2026 | Bond - Gov't/Treasury | ₹1.51 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹2,455.22 Cr | 62.42% |
| Bond - Gov't/Treasury | ₹1,134.09 Cr | 28.83% |
| Cash - Repurchase Agreement | ₹119.27 Cr | 3.03% |
| Bond - Gov't Agency Debt | ₹117.5 Cr | 2.99% |
| Cash - Collateral | ₹98.52 Cr | 2.50% |
| Mutual Fund - Open End | ₹9.06 Cr | 0.23% |
Risk & Performance Ratios
Standard Deviation
This fund
1.24%
Cat. avg.
1.47%
Lower the better
Sharpe Ratio
This fund
-0.24
Cat. avg.
-0.43
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.44
Higher the better
Fund Managers
Krishna Cheemalapati
Since December 2020
VG
Vikas Garg
Since September 2020
Additional Scheme Detailsas of 15th August 2024
ISIN | INF205K01RF8 | Expense Ratio | 0.28% | Exit Load | No Charges | Fund Size | ₹3,934 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Corporate Bond TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Corporate Bond Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| TrustMF Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹64.22 Cr | 7.2% |
| TrustMF Corporate Bond Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹64.22 Cr | 7.7% |
| Baroda BNP Paribas Corporate Bond Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹167.24 Cr | 7.8% |
| Bandhan Corporate Bond Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹13607.68 Cr | 7.7% |
| Bandhan Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹13607.68 Cr | 7.3% |
| HDFC Corporate Bond Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹29865.08 Cr | 8.0% |
| Sundaram Corporate Bond Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹710.16 Cr | 7.7% |
| Franklin India Corporate Debt Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹788.92 Cr | 7.1% |
| Nippon India Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹3436.89 Cr | 7.9% |
| Union Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 1.0% | ₹349.94 Cr | 7.6% |
About the AMC
Total AUM
₹95,795 Cr
Address
Unit No: 2101 A, 21st floor, A – Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai – 400 013 Maharashtra, India
Other Funds by Invesco Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Invesco India Corporate Bond Fund Direct Growth?
The NAV of Invesco India Corporate Bond Fund Direct Growth, as of 06-Sep-2024, is ₹3170.37.
What are the returns of Invesco India Corporate Bond Fund Direct Growth?
The fund has generated 8.11% over the last 1 year and 5.63% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Invesco India Corporate Bond Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 94.23% in bonds, and 5.54% in cash and cash equivalents.
Who manages the Invesco India Corporate Bond Fund Direct Growth?
The fund managers responsible for Invesco India Corporate Bond Fund Direct Growth are:-
- Krishna Cheemalapati
- Vikas Garg
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.