You would like to read
- JSPL to launch transparent competitive bidding process for JPL Divestment
- Gretex Corporate Services Limited IPO opens on July 27, 2021
- UST earns 2021 Great Place to Work™ Certification in the U.S. and Mexico
- Equity gauges skid amid global losses, IndusInd Bank gains
- Equirus Group forays into insurance broking with launch of Equirus Insurance
New Delhi [India], January 24 (ANI/PNN): Invesco Mutual Fund announces the launch of its new fund Invesco India Flexi Cap Fund (an open-ended dynamic equity scheme investing across large cap, mid-cap, small-cap stocks).
The New Fund Offer (NFO) will be open for subscription from January 24 and will close on February 7, 2022. The fund aims to generate capital appreciation by dynamically investing in a mix of equity and equity-related instruments across market capitalization based on the relative attractiveness of the investment opportunities.
The fund will have a preference for high growth and high-quality companies and companies exhibiting a turnaround. Further, the fund will adopt a mix of a top-down and bottom-up approach to select stocks. Allocation between large, mid and small-cap stocks will be based on relative valuations, business cycle and other macroeconomic indicators.
The fund is benchmarked to S & P BSE 500 TRI and will be managed by Taher Badshah, who has over 27 years of experience in the Indian equity markets.
Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund, said, "While equity markets offer the opportunity, they are often very unpredictable. Macroeconomic policies, corporate earnings, interest rates, global and domestic events have an impact on equity markets. Companies belonging to different market caps usually vary in performance over certain time periods.
Therefore, diversifying your investments across market caps, preferably through a Flexi-cap Fund, can reduce portfolio risk and mitigate volatility, thereby maximizing portfolio returns over the long term. The Invesco India Flexi Cap Fund offers the necessary expertise and flexibility to navigate through market movements with an aim to capture opportunities across large, mid and small-cap stocks and help build long term wealth."
The minimum investment amount during the NFO is Rs. 1000/- and in multiples of Rs. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Rs. 1 thereafter. 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. If more than 10 per cent of the units are redeemed/switched out within 1 year from the date of allotment, an exit load of 1 per cent will be charged. No exit load will be charged for units redeemed/switched after 1 year from the date of allotment.
For more details visit (https://www.invescomutualfund.com/)
Note: The product labeling assigned during the NFO is based on internal assessment of the Scheme characteristics or model portfolio, and the same may vary post NFO when the actual investments are made.
Mutual Fund investments are subject to market risks; read all scheme related documents carefully.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
DISCLAIMER
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
