Invesco MF introduces India Business Cycle Fund
Invesco Mutual Fund has launched Invesco India Business Cycle Fund, an open-ended equity scheme following business cycles-based investing theme. The NFO opens for subscription on February 06, 2025 and closes on February 20, 2025. No Entry Load will be charged for the scheme. The Exit Load: For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and IDCW Transfer Plan, exit load will be as follows: if units are redeemed/switched out on or before 3 months from the date of allotment: 0.50%. If units are redeemed/switched-out after 3 months: Nil. Switch between the Plans under the Scheme: Nil. Exit Load charged, if any, will be credited back to the scheme, net of Goods and Services Tax. The minimum subscription amount is Rs 1,000/- per application and in multiples of Re. 1/- thereafter.
The performance of the scheme will be benchmarked against Nifty 500 TRI and its fund managers are Aditya Khemani and Amit Ganatra.
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
