Rating: ★ ★ ☆ ☆ ☆

Invesco India Banking & PSU Debt Fund - Direct Plan Monthly Dividend Payout

Debt

  

Banking and PSU Fund

NAV

1010 -0.1166

as on (29 May, 2020)

RETURNS

6.34 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.05 %

Benchmark

CRISIL Short Term Bond Fund TR INR

Asset Size

42.81 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

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.

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Fund manager

Nitish Sikand

(since 29 Dec, 2012)

Exit load

N / A

Minimum sip

₹ 1000

minimum investment

₹ 1000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

National Bank For Agriculture And Rural Development

10.65 %

Power Grid Corporation Of India Limited

9.98 %

Bharat Petroleum Corporation Limited

9.76 %

Rural Electrification Corporation Limited

8.83 %

Sector Allocation

About the Scheme Type

Banking and PSU Fund

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks

Ratings

This fund is rated 2 stars by Morning Star Ratings.

★ ★ ☆ ☆ ☆

Overview of Invesco Asset Management (India) Private Ltd

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