IGI Logo

Invesco India Mutual Fund has filed offer document with SEBI to launch an open-ended liquid scheme named ‘Invesco India Manufacturing Fund'. The offer price will be Rs 10 per unit. Entry load will be nil. Exit load if units are redeemed/switched out within 1 year from the date of allotment:- if upto 10% of units allotted are redeemed/switched out it will be- Nil; any redemption / switch-out of units in excess of 10% of units allotted exit load will be 1%, f units are redeemed/switched out after 1 year from the date of allotment, no exit load is payable. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty India Manufacturing TRI. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of Equity and Equity Related Instruments of companies following the manufacturing theme.