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:
| Instruments | Indicative Allocation(% of net assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Equity & Equity Related Instruments | 65 | 100 | High |
| Debt & Money Market Instruments | 0 | 35 | Low to Medium |
| Units issued by REITs and InvITs | 0 | 10 | Medium 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 Fund | Invesco India Focused 20 Equity Fund |
| Type of Scheme | An open-ended equity fund which invests in a maximum 20 stocks across different market capitalization. It is a multicap fund. |
| Benchmark | S&P BSE 500 TRI |
| NFO Dates | Opens on September 9, 2020, and closes on September 23, 2020 |
| Fund Manager | Taher Badshah |
| Minimum Application Amount/Minimum Purchase Amount | Rs. 1,000 and in multiples of Re. 1 after that |
| Minimum Additional Investment | Rs 1,000 and in multiples of Re 1 after that |
| Minimum Redemption Amount | Whichever is lower: Rs. 1,000/- or 0.001 unit or account balance |
| Entry Load | Nil |
| Exit Load | NIL: 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 |
| Plans | Regular Plan and Direct Plan |
| Options | Growth and Dividend Option, Dividend Reinvestment Option |
SIP Details:
| SIP | ||
| Type | Minimum Installments | Minimum Amount |
| Monthly SIP | 12 | Rs. 500 /- and in multiples of Re. 1/- after that per instalment |
| 6 | Rs. 1,000 /- and in multiples of Re. 1/- after that per instalment | |
| Quarterly | 4 | Rs. 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. |
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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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