Invesco Mutual Fund launched its new fund Invesco India Focused 20 Equity Fund. It is an open-ended equity scheme investing in maximum 20 stocks across market capitalization i.e. Multicap. The minimum investment amount during the NFO is Rs. 1000 and in multiples of Re. 1 thereafter. For SIP investments, the minimum application amount is Rs. 500 and in multiples of Re. 1 thereafter. The New Fund Offer (NFO) is open for subscription from September 9 and will close on September 23.
By investing in up to 20 stocks with a flexibility to move across the market capitalization range, Invesco India Focused 20 Equity Fund seeks to generate capital appreciation. Currently, a large portion of the portfolio will be invested in large-cap stocks (approx. between 50% – 70%). Exposure to midcap stocks will be in the range of 30% to 50%, while exposure to small-cap stocks will be in the range 0 – 20% of the portfolio. Further, the portfolio will comprise of both growth and value stocks. No exit load will be charged if up to 10 per cent of the units are redeemed/ switched out within 1 year from the date of allotment. No exit load will be charged for units redeemed/switched after 1 year from the date of allotment.
