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Invesco Mutual fund (MF) has launched the Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund, an open-ended fund of fund scheme investing in Invesco CoinShares Global Blockchain UCITS ETF. The NFO opens for subscription on November 24, 2021 and closes on December 08, 2021. The Entry load is nil for the scheme. The Exit load will be 0.5%, if units are redeemed/switched out within 1 month from the date of allotment and there will be no exit load, if units are redeemed/switched out after 1 month from the date of allotment. The minimum subscription amount is 1000 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against the CoinShares Blockchain Global Equity Index in USD and its fund managers are Neelesh Dhamnaskar and Krishna Cheemalapati

The primary investment objective of the scheme is to generate returns by investing predominantly in units of Invesco CoinShares Global Blockchain UCITS ETF, an overseas exchange traded fund, which seeks to achieve the performance of the CoinShares Blockchain Global Equity Index (the ‘Reference Index’) less fees, expenses and transaction costs.