Invesco and Aditya Birla Sun Life Mutual Funds Announce Income Distribution

Invesco Mutual Fund and Aditya Birla Sun Life Mutual Fund have announced income distributions for their respective schemes. The record date for both distributions is March 17, 2025.

Invesco Mutual Fund has declared an income distribution of ₹2.40 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option of its Invesco India ELSS Tax Saver Fund. This applies to both regular and direct plans of the scheme.

Aditya Birla Sun Life Mutual Fund has announced an income distribution for its Aditya Birla Sun Life CRISIL IBX Gilt Apr 2029 Index Fund. The payout under the Direct-IDCW option is ₹0.3484 per unit, while under the Regular-IDCW option, it is ₹0.3463 per unit.

Record Date and Eligibility

The record date for both income distributions is March 17, 2025. Investors holding units of these funds as of this date will be eligible to receive the declared income distribution.

Fund Overview

The Invesco India ELSS Tax Saver Fund is an Equity-Linked Savings Scheme (ELSS) that allows investors to avail tax benefits under Section 80C of the Income Tax Act. It has a three-year lock-in period, as is the case with all ELSS funds.

The Aditya Birla Sun Life CRISIL IBX Gilt Apr 2029 Index Fund primarily invests in government securities with maturities aligned to April 2029. Gilt funds invest in government bonds and do not have credit risk, as they are backed by the government.

Conclusion 

The income distribution amount will be credited to the bank accounts of eligible investors or reinvested, depending on the payout preference selected. Investors can check with their mutual fund service provider or distributor for further details regarding the distribution.

This income distribution does not impact the net asset value (NAV) of the funds, as the payout amount is adjusted accordingly.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.