Invesco India Innovation Fund Files with SEBI

Introduction

Invesco India has filed with SEBI to introduce the Invesco India Innovation Fund, an open-ended equity scheme. The fund seeks to capitalize on emerging innovation-driven opportunities by investing in companies that are focused on technological advancements, innovative products, or business strategies.

Fund Overview

Scheme Name: Invesco India Innovation Fund
Category: Thematic Fund (Innovation)
Fund Type: Open-ended equity scheme investing in innovation-based companies.

Key Features

• Benchmark Index: Nifty 500 TRI
• Fund Manager: Mr. Manish Poddar and Mr. Hiten Jain
• Asset Allocation:
  • Equity and Equity-Related Instruments (Innovation Theme): 80-100%
  • Debt and Money Market Instruments: 0-20%
  • REITs and InvITs: Up to 10%
• Investment Objective: The primary aim is to generate capital appreciation by investing in equity and equity-related securities of companies benefitting from innovation.

Investment Strategy

The fund follows a combination of top-down and bottom-up approaches to identify companies that excel in innovation, which could include new products, services, processes, and business models. The fund aims to invest in companies across various market capitalizations that lead or are transitioning towards innovative practices.

Key Details

• Liquidity: Units can be purchased and redeemed at NAV on all business days.
• Exit Load:

• 0.50% if units are redeemed or switched out within 3 months of allotment.
• No exit load if redeemed after 3 months.

• New Fund Offer (NFO) Period: Open for at least 3 working days and no more than 15 working days.
• Minimum Application Amount: Rs 1,000 and multiples of Re. 1 thereafter.

Why Invest in This Fund?

The Invesco India Innovation Fund targets growth by investing in companies that are at the forefront of innovation. The fund is suitable for investors seeking long-term capital appreciation, offering a unique opportunity to participate in innovative sectors and technologies that are shaping the future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.