Invesco India Credit Risk Fund - Direct Plan - Growth
To generate accrual income and capital appreciation by investing in debt securities of varying maturities across the credit spectrum.
- Current NAV₹2,347.26
- Fund Size (AUM)₹ 167 Cr.
- Expense Ratio0.28 %
- 1Y Return+7.08%
- 3Y Return (CAGR)+9.38%
- 5Y Return (CAGR)+8.32%
- Category Rank (3Y)—
- RiskometerModerately High Risk
- Min. SIP / Lump sum₹ 1,000 / ₹ 1,000
More figures (11)
- Since Launch (CAGR)+7.29%
- Benchmark—
- Volatility (3Y)1.77 %
- Sharpe Ratio (3Y)1.63
- Beta (3Y)—
- 52-week High / Low₹2,355.95 / ₹2,192.15
- Max Drawdown-8.0 %
- Launched4 Sep 2014
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersKrishna Cheemalapati, Vikas Garg
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 8.3% a year.
- Volatility over 3 years was 1.8% a year, with a Sharpe ratio of 1.63.
- Its biggest fall from a peak was 8.0% (15 Jan 2019 to 12 Jun 2019).
- Across all 3-year periods since launch, yearly returns ranged from 2.4% to 10.8% and were positive 100% of the time.
- Expense ratio 0.28%, fund size ₹167 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 2.4% a year).
- Expense ratio of 0.28% is below the category median of 0.81%.
- Sharpe ratio of 1.63 over 3 years: good return for the volatility taken.
- Long track record of 12.1 years since 8 Sep 2014.
Cons
AI- Small fund size of ₹167 crore.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.06% | -0.13% | +0.53% | +4.00% | +5.74% | +7.08% | +8.82% | +9.38% | +8.32% | +7.94% | +6.44% | +7.29% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Credit Risk Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +5.74% | +10.47% | +8.46% | +12.99% | +3.48% | +4.00% | +9.31% | -3.59% | +4.87% | +7.89% | +11.76% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.4 | 0.6 | -0.1 | 1.9 | 0.4 | 1.7 | 0.4 | 0.4 | 0.0 | -0.1 | |||
| 2025 | 0.7 | 0.9 | 2.7 | 1.4 | 1.0 | 0.1 | 0.6 | 0.0 | 0.7 | 0.8 | 0.7 | 0.4 | 10.5 |
| 2024 | 0.7 | 0.7 | 0.7 | 0.3 | 1.0 | 0.6 | 0.9 | 0.7 | 1.0 | 0.4 | 0.6 | 0.6 | 8.5 |
| 2023 | 0.6 | 0.3 | 4.6 | 0.8 | 0.7 | 0.4 | 0.5 | 0.6 | 0.5 | 2.0 | 0.7 | 0.8 | 13.0 |
| 2022 | 0.3 | 0.3 | 0.3 | -0.2 | -0.4 | 0.2 | 0.7 | 0.5 | 0.0 | 0.5 | 0.8 | 0.5 | 3.5 |
| 2021 | -0.1 | -0.5 | 0.9 | 0.7 | 0.4 | 0.2 | 0.6 | 0.7 | 0.2 | 0.1 | 0.5 | 0.2 | 4.0 |
| 2020 | 0.8 | 0.6 | 0.4 | 0.2 | 1.9 | 1.6 | 1.0 | 0.3 | 0.3 | 0.9 | 0.6 | 0.3 | 9.3 |
| 2019 | -6.5 | 0.6 | 0.9 | 0.4 | 0.8 | -3.9 | 1.0 | 0.8 | 0.6 | 1.0 | 0.5 | 0.4 | -3.6 |
| 2018 | 0.5 | 0.3 | 1.2 | 0.0 | 0.3 | 0.6 | 0.9 | 0.6 | -2.0 | 0.4 | 1.2 | 0.9 | 4.9 |
| 2017 | 1.3 | 0.2 | 0.6 | 0.6 | 0.9 | 0.8 | 1.0 | 0.7 | 0.5 | 0.7 | 0.3 | 0.1 | 7.9 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 106 of 118 months shown (90%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 1.77% | 2.18% |
| Sharpe ratio ? | 1.63 | 0.83 |
| Sortino ratio ? | 4.24 | 2.54 |
| Maximum drawdown | -0.43% | -1.04% |
Rolling 3-year returns (yearly)
Rolling 5-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 15 Jan 2019 | 12 Jun 2019 | -8.0% | 22 May 2020 | 11 months |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,24,292 | ₹4,292 | +6.67% |
| 3Y | ₹3,60,000 | ₹4,08,713 | ₹48,713 | +8.41% |
| 5Y | ₹6,00,000 | ₹7,51,624 | ₹1,51,624 | +8.94% |
| 10Y | ₹12,00,000 | ₹17,52,710 | ₹5,52,710 | +7.36% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Credit Risk Funds (12)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Credit Risk FundAditya Birla Sun Life Mutual Fund | ₹28.1470 | — | — | — | — | — | 0.80 | 1,657 | Moderately High Risk |
| 2. | Axis Credit Risk FundAxis Mutual Fund | ₹26.4538 | — | — | — | — | — | 0.82 | 378 | High Risk |
| 3. | BANDHAN CREDIT RISK FUNDBandhan Mutual Fund | ₹19.0615 | — | — | — | — | — | 0.67 | 221 | Moderately High Risk |
| 4. | BANK OF INDIA CREDIT RISK FUNDBank of India Mutual Fund | ₹14.9455 | — | — | — | — | — | 0.62 | 74 | Moderately High Risk |
| 5. | DSP Credit Risk FundDSP Mutual Fund | ₹60.8646 | — | — | — | — | — | 0.44 | 326 | Moderate Risk |
| 6. | HDFC Credit Risk FundHDFC Mutual Fund | ₹28.3283 | — | — | — | — | — | 1.01 | 7,631 | High Risk |
| 7. | HSBC Credit Risk FundHSBC Mutual Fund | ₹37.8349 | — | — | — | — | — | 0.84 | 441 | Moderately High Risk |
| 8. | ICICI Prudential Credit Risk FundICICI Prudential Mutual Fund | ₹38.6704 | — | — | — | — | — | 0.80 | 6,320 | Very High Risk |
| 9. | Invesco India Credit Risk FundInvesco Mutual Fund | ₹2,347.26 | — | — | — | — | — | 0.28 | 167 | Moderately High Risk |
| 10. | Kotak Credit Risk FundKotak Mahindra Mutual Fund | ₹36.2707 | — | — | — | — | — | 0.81 | 769 | Moderate Risk |
| 11. | SBI CREDIT RISK FUNDSBI Mutual Fund | ₹54.1316 | — | — | — | — | — | 0.91 | 2,182 | High Risk |
| 12. | UTI - Credit Risk Fund.UTI Mutual Fund | ₹20.8690 | — | — | — | — | — | 1.04 | 241 | Moderately High Risk |
| Median: 12 schemes | — | — | — | — | — | — | 0.81 | 410 | — |
Detailed comparison with another fund About Credit Risk Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- To generate accrual income and capital appreciation by investing in debt securities of varying maturities across the credit spectrum.
- Fund managers
- Krishna Cheemalapati, Vikas Garg
- Fund house
- Invesco Mutual Fund
- Category
- Credit Risk Funds · Debt
- Plan / option
- Direct · Growth
- AMFI scheme code
- 130722
- ISIN
- INF205K01I83
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Credit Risk Funds
Credit Risk Funds invest at least 65% in bonds rated AA and below. Higher interest comes with a real risk of default.
Generally used by only investors who understand and accept credit risk.
Other plans of this scheme
- Invesco India Credit Risk Fund - Regular Plan - Growth
- Invesco India Credit Risk Fund - Direct Plan - Discretionary IDCW
- Invesco India Credit Risk Fund - Direct Plan - Monthly IDCW
- Invesco India Credit Risk Fund - Regular Plan - Discretionary IDCW
- Invesco India Credit Risk Fund - Regular Plan - Monthly IDCW
Tax on your gains
Tax treatment depends on what the fund holds: equity-oriented if at least 65% is in Indian shares (directly or through equity funds), debt-oriented if over 65% is in debt, otherwise the "other" rules.
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: Invesco Mutual Fund
- Invesco AMC announces Temporary Restriction on Subscriptions in Gold ETF FOFInvestment Guru India · 19 h ago
- Invesco India Nifty India Defence Index Fund - Direct Plan PortfolioThe Economic Times · Yesterday
- NFO Alert: Invesco Mutual Fund’s SummitSIF launches active asset allocator long-short fundThe Economic Times · 12 Oct
- Invesco MF’s Summit SIF launches long-short fund: Key detailsCNBC TV18 · 12 Oct
- Suspension of fresh subscriptions in international schemes of Invesco Mutual FundValue Research · 5 Oct
- PGIM reopens global fund subscriptions; Invesco suspends fresh investments in 3 overseas schemesUpstox · 30 Sep
- Invesco Mutual Fund has resumed subscriptions in its international schemeValue Research · 21 Sep
- Invesco MF reopens 3 international FoFs for investments: ₹10 lakh daily limit, SIP & STP rules investors must knowLivemint · 20 Sep
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of Invesco India Credit Risk Fund today?
What returns has Invesco India Credit Risk Fund given?
What is the expense ratio of Invesco India Credit Risk Fund?
How risky is this fund?
What is the difference between Direct and Regular plans?
What are Credit Risk Funds?
How are gains from Invesco India Credit Risk Fund taxed?
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