Invesco India Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Amit Ganatra is the Current Fund Manager of Invesco India Financial Services Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹151 Cr and the Latest NAV as of 19 Sep 2019 is ₹58.54.
The Invesco India Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year..
Investment Objective
The investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities of companiesengaged in the business of banking and financial services.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹1000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
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