Invesco India Medium Duration Fund is an open-ended debt scheme, which invests in instruments with the Macaulay duration of three to four years.
| Good to know What is a medium duration fund? These funds invest in debt and money market securities with a maturity period of three to five years. They usually offer better returns as compared to fixed deposits of the same duration. What is Macaulay duration? It refers to the amount of time taken for receiving back the money invested in a debt instrument through earning of interest and principal repayments. |
Investment objective
The fund will invest primarily in corporate and government bonds in a manner that the Macaulay duration of the portfolio is between three to four years.
Invesco India Medium Duration Fund will invest 75-85% of its corpus in ‘AAA’ rated (the highest possible ratings) bonds and Government Securities. The remaining 15-25% of the portfolio will be invested in select relatively lower rated (AA+/AA/AA-) bonds depending on the credit environment.
In the current interest rate scenario, the fund believes that investing in a mix of high quality bonds and select AA rated bonds can help generate higher returns. This fund is tailored for investors with medium-to-long term investment horizons.
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Asset allocation
| Instruments | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Debt (including government securities) and Money Market Instruments | 0 | 100 | Low to Medium |
| Units issued by REITs and InvITs | 0 | 10 | Medium to High |
Scheme details
| Name | Invesco India Medium Duration Fund |
| Type | An open-ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years |
| Category | Medium Duration |
| Benchmark | CRISIL Medium Term Debt Index |
| Plans | Direct and Regular |
| Entry/Exit load |
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| Fund manager |
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| Expense Ratio | Up to 2% |
| Minimum application amount (during NFO) | ₹1,000 and in multiples of ₹1 thereafter |
| Additional application amount | ₹1,00 and in multiples of ₹1 thereafter |
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| This product is suitable for investors who are seeking*: | Riskometer |
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Invesco Asset Management (India). To read the entire document, click here. Disclaimer RKSV Securities India Private Limited (ARN/Distributor - 107930; brand name Upstox) is the distributor of the mutual fund. Please consult your investment advisor before investing.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.