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Invesco Mutual Fund has launched a new fund offer (NFO). Invesco India Focused 20 Equity Fund NFO, a multi-cap fund, opens on September 9 and closes on September 23. 

Investment strategy

The Invesco India Focused 20 Equity Fund will be an open-ended equity scheme that will have a maximum of 20 stocks in its portfolio, The stocks will be across market capitalisations which means this will be a multi-cap equity fund.

According to the fund’s scheme information document (SID), the allocation strategy under ‘normal circumstances’ will be as follows:

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InstrumentsIndicative Allocation(% of net assets)Risk Profile
MinimumMaximumHigh/Medium/Low
Equity & Equity Related Instruments65100High
Debt & Money Market Instruments035Low to Medium
Units issued by REITs and InvITs010Medium to High

Within equity, the fund may have the following classification:

  • Large cap stocks: Around 50% – 70%
  • Mid cap stocks: Around 30% – 50%
  • Small cap stocks: Around 0% – 20%

Benchmark

The scheme will benchmark its performance to S&P BSE 500 TRI. BSE 500 is a stock market index with the Bombay Stock Exchange. It has stocks of 500 companies listed under it.  Since it has the top 500 companies listed with the BSE, the exchange claims that this index covers all major industries in the country.

Fund Details

Invesco India Focused 20 Equity Fund will have regular and direct plans. Each plan will have the growth and dividend options under them. The dividend option will have a dividend payout option and dividend reinvestment facility.

Name of the FundInvesco India Focused 20 Equity Fund 
Type of SchemeAn open-ended equity fund which invests in a maximum 20 stocks across different market capitalization. It is a multicap fund.
BenchmarkS&P BSE 500 TRI
NFO DatesOpens on September 9, 2020, and closes on September 23, 2020
Fund ManagerTaher Badshah
Minimum Application Amount/Minimum Purchase AmountRs. 1,000 and in multiples of Re. 1 after that
Minimum Additional InvestmentRs 1,000 and in multiples of Re 1 after that
Minimum Redemption AmountWhichever is lower: Rs. 1,000/- or 0.001 unit or account balance
Entry LoadNil
Exit LoadNIL: If up to 10% units are redeemed or switched on or before 12 months from the date of allotment of units
1: If more than 10% of units is redeemed/switched on or before 12 months from the date of allotment of Unit1%: In case of a dividend transfer plan (DTP) when the units are switched out on/redeemed before 1 year from the date of allotment of unitsNIL: If Units are redeemed/switched after 12 months from the date of allotment of units: Nil 
PlansRegular Plan and Direct Plan
OptionsGrowth and Dividend Option, Dividend Reinvestment Option

SIP Details:

SIP
TypeMinimum InstallmentsMinimum Amount
Monthly SIP12Rs. 500 /- and in multiples of Re. 1/- after that per instalment
6Rs. 1,000 /- and in multiples of Re. 1/- after that per instalment
Quarterly4Rs. 1,500/- and in multiples of Re. 1/- after that per instalment

Fund Manager Details

Taher Badshah: Mr Badshah has over 26 years of experience in the financial services industry. His previous stints include Motilal Oswal Asset Management Company Ltd. where he headed equities and Kotak Investment Advisors Ltd. as a fund manager.

  • Invesco India Contra Fund: Mr. Taher Badshah & Mr. Dhimant Kothari 
  • Invesco India Dynamic Equity Fund, India Growth Opportunities Fund, Invesco India Multicap Fund and Invesco India Smallcap Fund: Mr. Taher Badshah & Mr. Pranav Gokhale 
  • Invesco India Equity & Bond Fund: Mr. Taher Badshah & Mr. Pranav Gokhale (Equity); Mr. Krishna Cheemalapati (Debt) 
Suitable for investors who are seeking*

• Capital appreciation over long-term

• Investments primarily in equity & equity related instruments across market capitalization subject to maximum 20 stocks

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Mutual Fund investments are subject to markets risks. Read all scheme related documents carefully.

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

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