About Religare Mutual Fund
Religare Mutual Fund is an extremely diverse funding house, thanks in part to the acquisition of Religare Mutual Fund’s Asset Management Company (AMC) by Invesco. In April 2016, Invesco – a globally renowned investment management firm, completed its acquisition of Religare’s AMC, renaming it to Invesco Asset Management Company Private Limited. To prevent any confusion caused by the Religare Mutual Fund name change, both ‘Invesco Mutual Fund’ and ‘Religare Mutual Fund’ will be used interchangeably in this article.
|MUTUAL FUND||RELIGARE MUTUAL FUND|
|Date of Incorporation||May-20-2005|
|Sponsored By||Invesco Hong Kong Limited|
|Trustee||Invesco Trustee Private Limited|
|Chairman||V. K. Chopra|
|CEO / MD||Saurabh Nanavati|
|Assets Value||27555.61 crore (as on Sep-30-2018)|
|Address||Unit No. 2101 A, 21st Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai 400013|
With over a decade of experience, Invesco Mutual Fund is now making waves in the Indian market through its large range of policies. One such highly popular policy is the Exchange Traded Fund (ETF), which investors find extremely attractive due to low fees and high daily liquidity. The Invesco Mutual Fund NAV(s) have been steadily climbing as newer investors find their long list of fund options to be more approachable.
Best Religare Mutual Funds
|BEST RELIGARE MUTUAL FUND PLANS||Type||MUTUAL FUND NAV||RETURN 1Y||RETURN 3Y||RETURN 5Y|
|Invesco India Gold Exchange Traded Fund||Growth||2898.57||7.42%||6.34%||1.48%|
|Invesco India Liquid Fund Direct-Growth||Growth||2524.97||7.49%||7.32%||7.92%|
|Invesco India Treasury Advantage Fund-Annual Bonus||Annual Bonus||2520.13||7%||7.29%||7.84%|
|Invesco India Treasury Advantage Fund-Growth||Growth||2520.12||7%||7.29%||7.84%|
|Invesco India Liquid Fund-Bonus||Bonus||2514.89||7.41%||7.25%||7.85%|
|Invesco India Liquid Fund-Growth||Growth||2514.81||7.41%||7.25%||7.85%|
|Invesco India Money Market Fund Direct-Growth||Growth||2125.92||7.80%||7.58%||8.31%|
|Invesco India Money Market Fund-Discretionary Dividend||Discretionary Dividend||2096.68||7.53%||7.32%||8.04%|
|Invesco India Money Market Fund-Growth||Growth||2093.99||7.53%||7.32%||8.04%|
|Invesco India Gilt Fund- Growth||Growth||1910.66||5.50%||7.78%||9.04%|
|Invesco India Money Market Fund Direct-Discretionary Dividend||Discretionary Dividend||1904.27||7.80%||7.58%||8.31%|
|Invesco India Banking & PSU Debt Fund Direct-Growth||Growth||1569.87||7.47%||6.95%||7.70%|
|Invesco India Treasury Advantage Fund-Bonus||Bonus||1400.06||7.00%||7.29%||7.84%|
|Invesco India Money Market Fund Direct-Dividend Monthly||Dividend||1024.08||7.80%||7.58%||8.31%|
|Invesco India Money Market Fund-Dividend Monthly||Dividend||1023.88||7.53%||7.32%||8.04%|
|Invesco India Liquid Fund-Dividend Monthly||Dividend||1008.61||7.41%||7.25%||7.85%|
|Invesco India Liquid Fund-Dividend Weekly||Dividend||1003.38||7.41%||7.25%||7.85%|
|Invesco India Liquid Fund-Dividend||Dividend||1001.78||7.41%||7.25%||7.85%|
|Invesco India Money Market Fund Direct-Dividend Daily||Dividend||1000.29||7.80%||7.58%||8.31%|
|Invesco India Money Market Fund-Dividend Daily||Dividend||1000.29||7.53%||7.32%||8.04%|
|Invesco India Financial Services Fund Direct-Dividend||Dividend||32.48||0.51%||19.16%||21.26%|
|Invesco India Largecap Fund Direct-Growth||Growth||29.49||1.27%||11.58%||15.66%|
|Invesco India Arbitrage Fund Direct-Growth||Growth||23.03||6.65%||6.64%||7.39%|
|Invesco India Largecap Fund Direct-Dividend||Dividend||18.98||1.27%||11.58%||15.66%|
|Invesco India Arbitrage Fund Direct-Dividend||Dividend||13.60||6.65%||6.64%||7.39%|
Religare Mutual Fund Types
Religare Mutual Fund offers 5 types of funds, each tailored for a different kind of investor. Scheme information documents for the various funds provide useful information such as Religare Mutual Fund NAV(s), historical return data and more. Given below are the Religare Mutual Fund types.
Religare Equity Fund
An equity fund is one that invests heavily in equity assets such as the stock of a company. Religare Mutual Fund has shown a long history of profitable equity fund returns, which is why it is regarded as one of the most popular Religare schemes.
NAME OF THE FUND FUND TYPE NET ASSET VALUE (INR)* Invesco India Contra Fund Equity Fund 46.22 Invesco India Financial Services Fund Equity Fund 52.47 Invesco India Growth Opportunities Fund Equity Fund 32.72 Invesco India Infrastructure Fund Equity Fund 16.37 Invesco India Largecap Fund Equity Fund 27.05 Invesco India Midcap Fund Equity Fund 48.13 Invesco India Multicap Fund Equity Fund 46.26 Invesco India PSU Equity Fund Equity Fund 16.66 Invesco India Smallcap Fund Equity Fund 10.33 Invesco India Tax Plan Equity Fund 48.91
Religare Fixed Income Fund
Religare Mutual Fund fixed income schemes offer a great opportunity for investors to supplement their income with short-term These types of funds provide investors with returns regularly, from time periods as short as monthly to longer ones like annual returns.
NAME OF THE FUND FUND TYPE NET ASSET VALUE (INR)* Invesco India Banking & PSU Debt Fund Fixed-Income Fund 1504.30 Invesco India Corporate Bond Fund Fixed-Income Fund 2023.39 Invesco India Credit Risk Fund Fixed-Income Fund 1504.30 Invesco India Gilt Fund Fixed-Income Fund 1907.41 Invesco India Liquid Fund Fixed-Income Fund 2516.33 Invesco India Money Market Fund Fixed-Income Fund 2094.47 Invesco India Short Term Fund Fixed-Income Fund 2363.37 Invesco India Treasury Advantage Fund Fixed-Income Fund 2520.79 Invesco India Ultra Short Term Fund Fixed-Income Fund 1868.48
Religare Fund of Funds
As suggested by the name, the fund of funds scheme allows Religare Mutual Fund customers to invest in various different funds. This sort of scheme involves a multi-manager approach, with a number of fund experts offering professional advice to the investor.
NAME OF THE FUND FUND TYPE NET ASSET VALUE (INR)* Invesco India Feeder – Invesco Global Equity Income Fund Fund-Of-Funds 12.06 Invesco India Feeder – Invesco Pan European Equity Fund Fund-Of-Funds 9.63 Invesco India Gold Fund Fund-Of-Funds 9.84
Religare Exchange Traded Fund
Offering high daily liquidity at lower fees, the Religare Mutual Fund ETF scheme is a preferred choice for individual investors. ETF share prices typically change multiple times within a day, as they are constantly being traded. The assets invested under a Religare Mutual Fund ETF scheme are a mixture of stocks and bonds in trades and securities.
NAME OF THE FUND FUND TYPE NET ASSET VALUE (INR)* Invesco India Gold Exchange Traded Fund Exchange Traded Fund 2898.13 Invesco India Nifty Exchange Traded Fund Exchange Traded Fund 1149.29
Religare Hybrid Fund
Hybrid funds offer a low-risk approach for investors. The Religare Mutual Fund hybrid scheme focuses on purchasing both stocks and bonds from numerous companies, to diversify the investment portfolio and minimize risk.
NAME OF THE FUND FUND TYPE NET ASSET VALUE (INR)* Invesco India Arbitrage Fund Hybrid Fund 22.22 Invesco India Dynamic Equity Fund Hybrid Fund 27.60 Invesco India Equity and Bond Fund Hybrid Fund 10.09 Invesco India Regular Savings Fund Hybrid Fund 1758.40
Religare Mutual Fund Benefits
Religare Mutual Fund has created an image for itself as a fast-growing and well-researched fund house. The Invesco Mutual Fund buyout of the Religare Asset Management Company has further strengthened their presence in the Indian market and given investors a much wider range of options to choose from.
- Flexible Choices
The huge variety of Religare Mutual Fund schemes allows investors to choose the level of risk they are comfortable with, the type of asset they would like to purchase and even mix and match different schemes as per their requirement.
- Easy Access
Dedicated customer support staff and an expertly developed Religare Mutual Fund online portal let customers access their portfolio and modify investment strategies on the go, from anywhere across the globe.
- Tax Benefits
Religare Mutual Fund also provides investors with schemes that return tax-free dividends to the investor, letting them grow their wealth without any deductions. These schemes offer great ways for investors in every tax bracket to multiply their savings.
- Seasoned Experts
The Religare Mutual Fund managers are well versed with the ups and downs of the market, expertly handling and increasing investor capital. The fund of funds scheme is a perfect example of how capable the Religare-Invesco staff is at handling various types of funds and assets.
Religare Mutual Fund FAQs
Q1. What are Asset Management Companies?
A. An Asset Management Company (AMC) is an organization that pools capital from numerous people to invest them in various different companies, with the aim of growing wealth and seeing profits for all. The Religare Mutual Fund AMC was purchased by Invesco, which is why mutual funds under this fund house are referred to as Invesco Mutual Fund schemes.
Q2. What is a Mutual Fund NAV?
A. The Religare Mutual Fund NAV or Net Asset Value is the market value of all mutual fund assets, minus its liabilities. NAV for a mutual fund is updated daily. AMC(s) are mandated by law to report their mutual fund NAV twice a year. These annually reported NAV(s) are accurate indicators of the fund’s performance.
Q3. What are the risks of investing?
A. Mutual funds do not guarantee returns for investors. While there is always a possibility of your invested capital being lost, you can prevent such scenarios by utilizing expert guidance from Religare Mutual Fund managers and by observing the historical trend of returns for your desired scheme.
Q4. Should I be investing in tax-free schemes?
A. The Religare Mutual Fund tax-free schemes can be availed by any investor that is interested in saving their wealth from yearly tax returns. To truly avail the benefits of a tax-free fund, first identify which tax bracket you fall under, then speak to a Religare Mutual Fund executive and calculate how much you could possibly save every year.
Q5. Are there schemes which offer me returns every month?
A. Yes, some of the Religare Mutual Fund Fixed Income schemes offer monthly returns. These monthly return schemes are ideal for investors who want to see immediate returns and increase their short-term spending power.