Invesco India Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (04-Oct-24)
₹2979.590.02%1D
Returns (Since Inception)
7.31%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,701 Cr
Expense Ratio
0.22%
ISIN
INF205K01RY9
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Invesco India Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Invesco Mutual Fund. This fund has been in existence for 11 years, 9 months and 5 days, having been launched on 01-Jan-13.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹2979.59, Assets Under Management (AUM) of 4701.23 Crores, and an expense ratio of 0.22%.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹2979.59, Assets Under Management (AUM) of 4701.23 Crores, and an expense ratio of 0.22%.
- Invesco India Money Market Fund Direct Growth has given a CAGR return of 7.31% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 29.37% in debts, and 70.41% in cash & cash equivalents.
- You can start investing in Invesco India Money Market 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
+7.57%
+6.60% (Cat Avg.)
3 Years
+6.11%
+5.75% (Cat Avg.)
5 Years
+5.79%
+5.34% (Cat Avg.)
10 Years
+6.88%
+5.75% (Cat Avg.)
Since Inception
+7.31%
— (Cat Avg.)
Portfolio Summaryas of 15th September 2024
| Debt | ₹1,380.59 Cr | 29.37% |
| Others | ₹3,320.64 Cr | 70.63% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹193.67 Cr | 4.12% |
| 364 DTB 02052025 | Bond - Gov't/Treasury | ₹168.02 Cr | 3.57% |
| 364 DTB 06032025 | Bond - Gov't/Treasury | ₹150.32 Cr | 3.20% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹145.32 Cr | 3.09% |
| Ultratech Cement Limited | Cash - Commercial Paper | ₹124.98 Cr | 2.66% |
| Export-Import Bank of India | Cash - Commercial Paper | ₹120.68 Cr | 2.57% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹98.19 Cr | 2.09% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹98.16 Cr | 2.09% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹97.13 Cr | 2.07% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹97.02 Cr | 2.06% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹96.73 Cr | 2.06% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹96.64 Cr | 2.06% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹96.63 Cr | 2.06% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹96.6 Cr | 2.05% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹96.6 Cr | 2.05% |
| Canara Bank | Bond - Gov't Agency Debt | ₹96.52 Cr | 2.05% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹96.33 Cr | 2.05% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹96.33 Cr | 2.05% |
| 07.38% MP Sdl 2025 | Bond - Gov't/Treasury | ₹75.24 Cr | 1.60% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹73.73 Cr | 1.57% |
| 182 DTB 14022025 | Bond - Gov't/Treasury | ₹72.99 Cr | 1.55% |
| 182 DTB 20022025 | Bond - Gov't/Treasury | ₹72.91 Cr | 1.55% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹72.86 Cr | 1.55% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹72.84 Cr | 1.55% |
| 182 DTB 06032025 | Bond - Gov't/Treasury | ₹72.74 Cr | 1.55% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹72.58 Cr | 1.54% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹72.56 Cr | 1.54% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹72.41 Cr | 1.54% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹72.41 Cr | 1.54% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹72.36 Cr | 1.54% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹72.29 Cr | 1.54% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹71.16 Cr | 1.51% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹70.84 Cr | 1.51% |
| Canara Bank | Cash - CD/Time Deposit | ₹69.87 Cr | 1.49% |
| Triparty Repo | Cash - Repurchase Agreement | ₹64.82 Cr | 1.38% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹49.97 Cr | 1.06% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹49.07 Cr | 1.04% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹48.9 Cr | 1.04% |
| Export Import Bank Of India | Cash - Commercial Paper | ₹48.71 Cr | 1.04% |
| Larsen And Toubro Limited | Cash - Commercial Paper | ₹48.63 Cr | 1.03% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.6 Cr | 1.03% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹48.44 Cr | 1.03% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹48.4 Cr | 1.03% |
| Bank of Baroda | Bond - Corporate Bond | ₹48.39 Cr | 1.03% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹48.38 Cr | 1.03% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.36 Cr | 1.03% |
| HDB Financial Services Ltd. | Cash - Commercial Paper | ₹48.32 Cr | 1.03% |
| Toyota Financial Services India Limited | Cash - Commercial Paper | ₹48.29 Cr | 1.03% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹48.2 Cr | 1.03% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹48.18 Cr | 1.02% |
| Mahindra & Mahindra Financial Services Ltd. | Cash - Commercial Paper | ₹48.17 Cr | 1.02% |
| Tata Motors Finance Limited | Cash - Commercial Paper | ₹48.15 Cr | 1.02% |
| Export-Import Bank of India | Cash - CD/Time Deposit | ₹48.14 Cr | 1.02% |
| 364 DTB 18042025 | Bond - Gov't/Treasury | ₹48.12 Cr | 1.02% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹48.11 Cr | 1.02% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹48.1 Cr | 1.02% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹47.22 Cr | 1.00% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹47.18 Cr | 1.00% |
| HDFC Credila Financial Services Private Limited | Cash - Commercial Paper | ₹47.04 Cr | 1.00% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹47.01 Cr | 1.00% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹38.88 Cr | 0.83% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹33.84 Cr | 0.72% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹28.89 Cr | 0.61% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹24.49 Cr | 0.52% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹24.19 Cr | 0.51% |
| 364 DTB 24072025 | Bond - Gov't/Treasury | ₹23.66 Cr | 0.50% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹19.37 Cr | 0.41% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹10.29 Cr | 0.22% |
| Net Receivables / (Payables) | Cash - Collateral | ₹1.03 Cr | 0.02% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹1,674.38 Cr | 35.62% |
| Cash - CD/Time Deposit | ₹1,570.12 Cr | 33.40% |
| Bond - Gov't/Treasury | ₹752.28 Cr | 16.00% |
| Bond - Corporate Bond | ₹531.78 Cr | 11.31% |
| Bond - Gov't Agency Debt | ₹96.52 Cr | 2.05% |
| Cash - Repurchase Agreement | ₹64.82 Cr | 1.38% |
| Mutual Fund - Open End | ₹10.29 Cr | 0.22% |
| Cash - Collateral | ₹1.03 Cr | 0.02% |
| Bond - Short-term Government Bills | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.69%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
0.12
Cat. avg.
-0.29
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.06
Higher the better
Fund Managers
Krishna Cheemalapati
Since January 2020
VG
Vikas Garg
Since December 2020
Additional Scheme Detailsas of 15th September 2024
ISIN | INF205K01RY9 | Expense Ratio | 0.22% | Exit Load | No Charges | Fund Size | ₹4,701 Cr | Age | 11 years 9 months | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Money Market 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 Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹757.61 Cr | 6.9% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹152.17 Cr | 7.3% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹152.17 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹68.50 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹68.50 Cr | 7.3% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹29.45 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹29.45 Cr | 6.2% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27196.37 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2060.40 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27665.38 Cr | 7.6% |
About the AMC
Total AUM
₹96,573 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 Low to Moderate Risk
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We're here to help.
What is the current NAV of Invesco India Money Market Fund Direct Growth?
The NAV of Invesco India Money Market Fund Direct Growth, as of 04-Oct-2024, is ₹2979.59.
What are the returns of Invesco India Money Market Fund Direct Growth?
The fund has generated 7.57% over the last 1 year and 6.11% 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 Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 29.37% in bonds, and 70.41% in cash and cash equivalents.
Who manages the Invesco India Money Market Fund Direct Growth?
The fund managers responsible for Invesco India Money Market 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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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.