About Invesco India Ultra Short Term Fund Direct - Dividend Daily Reinvestment
Invesco India Ultra Short Term Fund Direct - Dividend Daily Reinvestment is a Debt
mutual fund scheme from Invesco Mutual Fund
. This scheme was launched on 15 Jan 2016 and is currently managed by its fund managers Sujoy Kumar Das
and Krishna Venkat Cheemalapati
. It has an AUM of ₹625.17 Crores and the latest NAV decalared is ₹1069.511 as on 20 Feb 2020 at 12:00 am.
Invesco India Ultra Short Term Fund Direct - Dividend Daily Reinvestment scheme return performance in last 1 year is 7.87%, in last 3 years is 25.13% and 36.73% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.