Invesco India Money Market Fund
Invesco Mutual Fund · Best Money Market Mutual Funds
This is the Regular plan of Invesco India Money Market Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed monthly, which is why this NAV sits below the growth plan of the same fund.
NAV history
Scorecard
★★★★☆4/5 vs 65 of 71 Money Market Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Money Market Fund (same plan and option). 65 of the 71 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.19% · ranks 13 of 71 Money Market Funds
Volatility 0.4% vs 1.4% category avg
0.4% expense vs 0.5% category avg
85% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Ahead of the Money Market Fund average on 1M/3M/6M/1Y — 1Y by 4.35pp
- 3-year return (+6.19%) beats the Money Market Fund average (+1.91%)
- 5-year return (+5.33%) beats the Money Market Fund average (+1.56%)
- Ranks #13 of 71 on 1-year return in its Money Market Fund cohort
- Less volatile than its Money Market Fund peers (0.4% vs 1.4%)
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Money Market Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.50% | -0.03% | +0.53% |
| 3M abs | +1.89% | +0.58% | +1.31% |
| 6M abs | +2.79% | +0.62% | +2.17% |
| 1Y CAGR | +5.25% | +0.90% | +4.35% |
| 3Y CAGR | +6.19% | +1.91% | +4.28% |
| 5Y CAGR | +5.33% | +1.56% | +3.77% |
Category average across peers in Money Market Fund (70 of 71 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 71 peers in Money Market Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Invesco India Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.43% | |
| 2025 | +6.33% | |
| 2024 | +6.65% | |
| 2023 | +6.25% | |
| 2022 | +3.18% | |
| 2021 | +2.82% | |
| 2020 | +5.03% | |
| 2019 | +2.80% | |
| 2018 | +0.49% | |
| 2017 | +2.23% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹6,117Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Invesco in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Money Market funds
Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.
Frequently asked questions
What is the NAV of Invesco India Money Market Fund?
As of 21 Aug 2026, the NAV of Invesco India Money Market Fund is ₹1,520.48 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Invesco India Money Market Fund delivered?
Invesco India Money Market Fund has returned +5.25% over 1 year, +6.19% per year over 3 years, +5.33% per year over 5 years and +2.49% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Invesco India Money Market Fund?
Invesco India Money Market Fund charges an expense ratio of 0.43% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Invesco India Money Market Fund?
Its largest holdings are Small Industries Dev Bank of India (18/02/2027) ** (4.1%), GOVERNMENT OF INDIA 37424 182 DAYS TBILL 05NV26 FV RS 100 (3.8%), GOVERNMENT OF INDIA 36814 364 DAYS TBILL 10DC26 FV RS 100 (3.4%), National Bank For Agriculture and Rural Development (17/02/2027) ** (3.3%) and KOTAK MAHINDRA BANK LIMITED CD 12FEB27 (3.3%). Holdings are disclosed monthly and change over time.
How risky is Invesco India Money Market Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -1.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Invesco India Money Market Fund?
Invesco India Money Market Fund is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Invesco India Money Market Fund?
Invesco India Money Market Fund is managed by Vikas Garg and Krishna Venkat Cheemalapati at Invesco.
How is Invesco India Money Market Fund taxed?
Invesco India Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.