Invesco Mutual Fund introduces India Manufacturing Fund
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Invesco Mutual Fund has launched Invesco India Manufacturing Fund, an open-ended equity scheme following manufacturing theme. The NFO opens for subscription on July 25, 2024 and closes on August 08, 2024. The Entry Load is nil for the scheme. 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: The Exit load will be 0.50% - if units are redeemed/switched out on or before 3 months from the date of allotment, Nil - if units are redeemed/switched out after 3 months from the date of allotment and No Exit load – Switch between the Plans under the Scheme. 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 with Nifty India Manufacturing TRI and its fund managers are Amit Ganatra and Dhimant Kothari.
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.
