Click here for top ranked funds in overnight mutual funds.
However, Scripbox does not recommend investing in overnight mutual funds.
Overnight Funds invest in securities with a maturity of 1 day.
These investments have very low interest rate risk; however this also reduces return.
The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.
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Historical NAV
₹ 1054.8518
NAV (Sep 21)
Fund Returns
Last 1Y
3%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
3.2%
6 Month CAGR
1.5%
Scheme Information
Investment Objective
To generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Invesco Asset Management (India) Private Ltd manages assets worth 46,073 crores and was set up on 20 May 2005. It's current offering of mutual fund schemes includes 36 equity,111 debt and 14 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About Invesco India Overnight Fund (G)
About Invesco India Overnight Fund (G)
Invesco India Overnight Fund (G) is a Overnight Debt fund and has delivered an annualised return of 3.2% over a period of 1 years. . The fund is managed by Invesco Asset Management (India) Private Ltd. The fund manager’s name is Krishna Cheemalapati
Invesco India Overnight Fund (G) Investment Objective
To generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. . However, there is no assurance that the objective of the scheme will be realized.
Invesco India Overnight Fund (G) NAV,AUM,Risk
The Invesco India Overnight Fund (G) fund was launched on Jan 08, 2020. The NAV (Net Asset Value) of this Overnight Debt fund as of 2021-09-21 is ₹1054.85. The total AUM (Asset Under Management) of the fund as of 22/09/2021 is ₹640.935. The category risk of the Invesco India Overnight Fund (G) fund is Low Risk. The fund charges 0.15 % as expense ratio.
Invesco India Overnight Fund (G) Holdings
The fund’s highest allocation is towards Others and has invested 100% in this asset class. The top three holdings of the fund are , triparty repo , net receivables / (payables)
Invesco India Overnight Fund (G) Sip
The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Invesco India Overnight Fund (G) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Overnight Index TR INR.
Invesco India Overnight Fund (G) Review
Invesco India Overnight Fund (G) has a score of 2 on a scale of 5. The fund has a score of 1 out of 5 based on historical performance. As compared to the other funds in its category, Invesco India Overnight Fund (G) has a score of 3out of 5
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
