Invesco India Money Market Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Invesco India Money Market Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.29% since inception. Invesco India Money Market Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.17% 7.39% 6.13% 6.62% 7.29%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹3267.5501+0.06% 1 day change	7.29% p.a.	App exclusive #NA View Ranked Funds	₹5,215 Cr

Historical NAV & returns

NAV: ₹3267.5501 as on Feb 02, 2026

This fund Category average

Invesco India Money Market Fund overview

Expense ratio	0.17% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹5,215 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Invesco India Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.33%	0.33%
3 Months	1.35%	1.2%
6 Months	2.8%	2.65%
1 Year	7.17%	7.07%
2 Years	7.35%	7.41%
3 Years	7.39%	7.47%
4 Years	6.67%	6.9%
5 Years	6.13%	6.28%
7 Years	6.2%	6.43%
10 Years	6.62%	7.19%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 88.97%

SOV 14.3%

Others 0.32%

Cash & Call Money -3.59%

Top Debt Holdings

Reserve Bank of India 14.2%

Bank Of Baroda 6.14%

HDFC Bank Ltd. 6.08%

Kotak Mahindra Bank Ltd. 5.66%

Allocation by Instruments

Certificate of Deposit 52.019999999999975%

Commercial Paper 36.949999999999996%

Treasury Bills 14.200000000000001%

Repo 0.67%

Other Holdings

Others 0.32%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Invesco India Money Market Fund	0.33%	2.8%	7.17%	7.39%	6.13%	6.62%
UTI Money Market Fund	0.3%	2.81%	7.26%	7.55%	6.36%	6.8%
Nippon India Money Market Fund	0.29%	2.78%	7.27%	7.55%	6.4%	6.82%
Axis Money Market Fund	0.32%	2.84%	7.32%	7.6%	6.39%	4.11%
Aditya Birla Sun Life Money Manager Fund	0.25%	2.74%	7.14%	7.54%	6.39%	6.91%
Tata Money Market Fund	0.32%	2.84%	7.33%	7.67%	6.51%	6.1%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Invesco India Money Market Fund	0.37	0.5	2.72	4.64
UTI Money Market Fund	0.37	0.52	3.06	4.74
Nippon India Money Market Fund	0.39	0.55	2.97	4.63
Axis Money Market Fund	0.37	0.5	3.22	5.54
Aditya Birla Sun Life Money Manager Fund	0.39	0.59	2.94	3.89
Tata Money Market Fund	0.38	0.53	3.3	5.11

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Invesco India Money Market Fund	N.A.	5,215 Cr	13 yrs 1 m	0.17%
UTI Money Market Fund	N.A.	19,301 Cr	13 yrs 1 m	0.13%
Nippon India Money Market Fund	N.A.	20,190 Cr	13 yrs 1 m	0.22%
Axis Money Market Fund	N.A.	20,781 Cr	6 yrs 6 m	0.17%
Aditya Birla Sun Life Money Manager Fund	N.A.	27,449 Cr	13 yrs 1 m	0.22%
Tata Money Market Fund	N.A.	35,600 Cr	13 yrs 1 m	0.16%

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.93 vs. 3.23 Underperformed at beating benchmark
Sharpe	2.72 vs. 3.39 Poor risk-adjusted returns
Beta	0.5 vs. 1.75 Less sensitive to market ups & downs
Standard deviation	0.37 vs. 0.3 More volatile performance

About this fund

About Invesco India Money Market Fund

Invesco India Money Market Fund Direct-Growth is a Money Market mutual fund scheme from Invesco Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. Invesco India Money Market Fund Direct-Growth has ₹5,215 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Invesco India Money Market Fund Direct-Growth as of 02/02/2026 is ₹3267.55. The fund has an expense ratio of 0.17%, which is close to what most other Money Market funds charge.

Invesco India Money Market Fund Direct-Growth returns of last 1-year are 7.19%. Since launch, it has delivered 7.29% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Invesco India Money Market Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India, Bank Of Baroda, HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Export-Import Bank Of India.

...

Fund AUM	5,215 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Krishna Venkat Cheemalapati

Mr. Cheemalapati is a B.E., PGDBA and CFA from ICFAI Hyderabad. Prior to joining Invesco Mutual Fund, he has worked with Reliance General Insurance Company Ltd. as CIO and with ICAP India Pvt. Ltd as fixed income dealer.

Vikas Garg

Mr. Garg is CFA MBA Finance, B-Tech and M- Tech Prior to joining Invesco India Mutual Fund, he has worked with L&T Mutual Fund as Fund Manager, Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager.

Investment objective

The scheme seeks to generate superior risk-adjusted returns by investing in Money Market Instruments

Invesco Mutual Fund details

No. of schemes	41 view all schemes
Total AUM	1,40,294 Cr as on Dec 31, 2025
Address	B-1001, B Wing, 10th Floor, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai, Maharashtra Mumbai, 400013
Phone	+91 022-67310000

More funds from Invesco Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Invesco India Credit Risk Fund	N.A.	156 Cr	9.87%	10.46%
Invesco India Nifty G-sec Sep 2032 Index Fund	N.A.	47 Cr	6.77%	N.A.
Invesco India Short Duration Fund	N.A.	1,121 Cr	7.32%	7.6%
Invesco India Corporate Bond Fund	N.A.	7,307 Cr	6.93%	7.56%
Invesco India Banking and PSU Fund	N.A.	171 Cr	6.78%	7.46%
Invesco India Medium Duration Fund	N.A.	176 Cr	6.52%	7.42%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Invesco India Money Market Fund Direct-Growth?

The current Net Asset Value (NAV) of the Invesco India Money Market Fund - Direct Growth plan is approximately ₹3267.5501 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Invesco India Money Market Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.29% since inception.

Invesco India Money Market Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.17%	7.39%	6.13%	6.62%	7.29%

How much does this mutual fund charge as expense ratio?

The Invesco India Money Market Fund - Direct Growth has an expense ratio of 0.17%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Invesco India Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 5,215 Cr as on Dec 31, 2025.

To whom does Invesco India Money Market Fund lend to?

The top 3 debt holdings of Invesco India Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	14.2%
Bank Of Baroda	6.14%
HDFC Bank Ltd.	6.08%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Invesco India Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	88.97%
SOV	14.3%
Others	0.32%

What is risk level of Invesco India Money Market Fund?

This is a Money Market fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Invesco India Money Market Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Invesco India Money Market Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Invesco India Money Market Fund is complete.

How can I redeem my investments in Invesco India Money Market Fund?

Redeeming your investments in the Invesco India Money Market Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Money Market

#NA

Return Outperformance: This fund has generated highest return amongst Money Market funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.