Invesco India Ultra Short Term Fund NAV Hits ₹1,470.26

The Invesco India Ultra Short Term Fund Regular-IDCW Daily recorded a Net Asset Value (NAV) of ₹1,470.26 as of August 31, 2026. This open-ended ultra-short duration debt scheme, managed by Invesco Mutual Fund, aims to generate accrual income.

Key Fund Metrics

• NAV (IDCW Daily Regular plan, August 31, 2026): ₹1,470.26
• Fund Size (July 31, 2026): ₹1,073.02 crore
• Expense Ratio (Regular plan, August 26, 2026): 0.79%
• Category Average Expense Ratio: 0.75%
• Minimum Investment (Lumpsum, Additional, SIP): ₹1,000
• Exit Load: 0%

The fund has delivered competitive trailing returns, generally outperforming category averages across various periods. It maintains a ‘Moderate’ risk profile, with a ‘Below Average’ risk grade and an ‘Average’ return grade.

Trailing Returns Performance

• 1-Year Return: 6.12%
• 3-Year Return: 6.88%
• 5-Year Return: 6.02%
• Since Launch (January 15, 2016): 7.01%

The portfolio exhibits a Modified Duration of 0.42 years and an Average Maturity of 0.44 years. It currently holds a Yield to Maturity of 7.03%, with the average credit rating of its holdings classified as ‘Low’.

Asset Allocation & Holdings

• Certificate of Deposit (CD): 48.31%
• Commercial Paper (CP): 21.92%
• Treasury Bills (T-Bills): 10.56%
• Major Debt Holdings: Reserve Bank of India, HDFC Bank Ltd, Small Industries Devp Bank of India Ltd, Axis Bank Ltd, Bank Of Baroda, Export-Import Bank Of India, Kotak Mahindra Bank Ltd, National Bank For Agriculture & Rural Development.

The fund is jointly managed by K.V.Krishna Venkat Cheemalapati, who has overseen it since January 2020, and V.G.Vikas Garg, appointed in July 2021.

Understanding Tax Implications

For investments made after April 1, 2023, any capital gains are added directly to the investor’s total income. These gains are then taxed at the individual’s applicable income tax slab rate.

Investments initiated before April 1, 2023, follow different capital gains rules. Gains redeemed within three years are taxed at the investor’s slab rate, while those redeemed after three years benefit from a 20% tax rate with indexation benefits.

Dividend income generated from the fund is also added to the investor’s income and taxed according to their slab rate. A 10% Tax Deducted at Source (TDS) applies if the total dividend income exceeds ₹5,000 in a single financial year.

Launched on January 15, 2016, this scheme is benchmarked against the NIFTY Ultra Short Duration Debt Index B-I. Its core objective remains consistent: generating stable accrual income through strategic investments in short-term Money Market and Debt Instruments.