NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Invesco India Medium Duration Fund Growth for NRI [1176.30]

Min Investment

1,000

Fund Size

230.64 Cr

Expense Ratio

1.1%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

1176.30

0.05%

NAV as on 11 Nov 24, 12:00 AM

moderate risk

medium duration

debt

NAV as on 11 Nov 24, 12:00 AM

moderate risk

medium duration

debt

8.31%p.a.

Last 1Y

5.06%p.a.

Last 3Y

0.00%p.a.

Last 5Y

4.98%p.a.

Since Inception

About Invesco India Medium Duration Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Invesco India Medium Duration Fund Growth scheme from Invesco Asset Management (India) Private Ltd. It is a Medium Duration mutual fund scheme that predominantly invests in Medium Duration stocks of companies. Launched on Jul 2021, Invesco India Medium Duration Fund Growth is Medium Duration fund of its category with 230.64 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Medium Duration funds.

  • Invesco India Medium Duration Fund Growth delivered 8.3% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
  • Invesco India Medium Duration Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To generate income by investing in a portfolio of Debt and Money Market Instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years. There is no assurance that the investment objective of the Scheme will be achieved.

Top 10 Holdings

07.18 Goi 24072037

11.16%

7.26% Govt Stock 2033

8.92%

7.02% Govt Stock 2031

6.60%

07.18 Goi 14082033

4.45%

7.17% Govt Stock 2030

4.42%

National Bank For Agriculture And Rural Development

4.39%

National Housing Bank

4.37%

Small Industries Development Bank Of India

4.36%

Sikka Ports And Terminals Limited

4.28%

The Tata Power Company Limited

2.30%

Fund Managers

  1. Krishna Cheemalapati (Jul 2021 - Present)
  2. Vikas Garg (Jul 2021 - Present)

Key Information

View Scheme Document

Invesco India Medium Duration Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Invesco India Medium Duration Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Invesco India Medium Duration Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Invesco India Medium Duration Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions