Investment Objective and Approach

The Scheme seeks to generate income commensurate with low risk and high liquidity by investing in overnight securities having residual maturity of 1 business day. Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight').

They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

The fund follows a conservative investment approach focusing on:

- Investment in overnight securities with 1-day maturity

- Maintaining high liquidity for quick redemptions

- Providing stable returns with minimal credit and interest rate risk

- Suitable for parking short-term surplus funds

They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Fund Managers

Krishna Venkat Cheemalapati - Primary Fund Manager (March 2023 - Present)

Mr. Cheemalapati is a B.E., PGDBA and CFA from ICFAI Hyderabad. Prior to joining Invesco Mutual Fund, he has worked with Reliance General Insurance Company Ltd. as CIO and with ICAP India Pvt. Ltd as fixed income dealer.

Krishna is part of the fixed income investment team and currently serves as lead Fund Manager at Invesco. He has over 22 years of experience in the Fixed Income market. Krishna Cheemalapati is managing 17 funds of Invesco AMC. Total asset under management (AUM) managed by Krishna Cheemalapati is ₹35201.5Cr.

Prateek Jain - Co-Fund Manager (February 2022 - Present)

Mr. Jain is B.M.S. & M.Com... Prior to joining Invesco Mutual Fund, he has worked with Principal Pnb AMC as Fixed Income Dealer, Taurus Corporate Advisory Service Ltd.

About the Fund House (AMC)

Invesco Asset Management (India) Private Limited

Invesco Mutual Fund, also known as Invesco Asset Management Limited, provides a diverse array of mutual funds featuring various investment objectives and strategies. It operates as a subsidiary of Invesco Limited, an independent investment management company based in the United States, with its headquarters located in Atlanta, Georgia. Invesco Limited boasts a global presence with operations spanning over 20 countries, serving a clientele that extends across 120 nations.

Key Highlights:

- This fund has been launched on 07-01-2020.

- Invesco has more than 8000 employees worldwide, on the ground in 25 countries such as in Australia, Canada, China, Europe, Hong Kong, India, Japan, Korea, Singapore, Taiwan and the United States etc. As of March 2024, Invesco Asset Management is managing an Average AUM of INR 74314.38 crores

- In 2013, Invesco initiated its presence in India through a collaboration with Religare Securities Ltd., giving rise to Religare Invesco Asset Management Co. Ltd. At the onset, Invesco held a 49% stake in the asset management company, while the remaining percentage was owned by Religare. By 2016, Invesco took full ownership by acquiring the remaining 51% shareholding from Religare.

Investment Philosophy:

With an average asset base of over Rs.23,000, Invesco Asset Management (India) aims to serve investment needs of individual investors, corporate and institutions through mutual funds and sub-advised portfolios. Their product portfolio is managed by individually focused management teams to create optimum balance and results. They subscribe to sustainable business models and processes that factor in the dynamism of the business in fast changing market scenarios. Investors can expect best-in-class investment products that will leverage on expertise and global resources of Invesco.

Should I Invest in Invesco India Overnight Fund?

This fund is suitable for investors who:

✓ Ideal For:

- Institutional investors with short-term surplus funds

- Investors seeking better returns than savings accounts with minimal risk

- Those looking to park emergency funds temporarily

- Investors wanting high liquidity with next-day redemption

✗ Not Suitable For:

- Retail investors can avoid these funds altogether.

- Long-term wealth creation goals

- Investors seeking higher returns

- Those comfortable with moderate to high risk

Key Considerations:

- Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

- Zero exit load and high liquidity make it suitable for short-term parking

- Minimal credit risk due to overnight maturity securities

- Returns are typically only marginally higher than savings accounts

Fund Performance Data (as available):

- The AUM of Invesco India Overnight Fund is ₹685.95 Cr.

- The fund has an expense ratio of 0.12, which is quite reasonable as compared to most other debt mutual fund schemes.

- The 1-year, 3-year and 5-year returns of this fund were 6.59, 6.17 and 4.92 respectively.

FAQs

What is today's NAV of Invesco India Overnight Fund?

The NAV changes daily. Check the latest NAV on Allvest platform or the fund's official website for real-time updates.

What is the AUM of Invesco India Overnight Fund?

The AUM of Invesco India Overnight Fund is ₹685.95 Cr as per latest available data.

What is the expense ratio of Invesco India Overnight Fund?

The fund has an expense ratio of 0.12, making it cost-effective for investors.

What are the returns of Invesco India Overnight Fund since inception?

The 1-year, 3-year and 5-year returns of this fund were 6.59, 6.17 and 4.92 respectively as per available data.

What is the minimum SIP amount to invest in Invesco India Overnight Fund?

The minimum SIP amount of Invesco India Overnight Fund is ₹100 making it accessible for small investors.

How do I invest in Invesco India Overnight Fund?

You can invest through Allvest by logging into your account, searching for the fund, and choosing between lump sum or SIP investment options.

How to start a SIP in Invesco India Overnight Fund?

Login to Allvest, select the fund, choose 'Start SIP', enter your monthly investment amount, select SIP date, and complete the payment setup.

How do I automate an SIP in Invesco India Overnight Fund?

Set up auto-debit facility through Allvest platform which will automatically deduct the SIP amount from your bank account on chosen dates.

How can I withdraw/redeem my investment in Invesco India Overnight Fund?

You can redeem your investment through Allvest platform by placing a redemption request. The fund has no exit load and offers high liquidity for quick withdrawals.