Invesco Mutual Fund unveils Invesco India Nifty India Defence Index Fund and Invesco India Nifty Chemical Index Fund
Invesco Mutual Fund today announced the launch of the Invesco India Nifty India Defence Index Fund (an open-ended scheme replicating/tracking Nifty India Defence Index) and Invesco India Nifty Chemical Index Fund (an open-ended scheme replicating/tracking Nifty Chemical Index) offering investors an opportunity to participate in two sectors benefiting from long-term structural and policy-driven growth trends in India.
The Invesco India Nifty India Defence Index Fund will make passive investments in equity and equity-related securities replicating the composition of the Nifty India Defence Index, subject to tracking error. The Index provides exposure to companies that are integral to India's defence ecosystem, including aerospace and defence manufacturers, defence electronics companies, shipbuilders, explosives manufacturers and related businesses.
The Scheme will invest in companies that are constituents of the Nifty India Defence Index in the same weights as the Index, with an endeavour to achieve returns corresponding to the performance of the benchmark, subject to tracking error.
The Invesco India Nifty Chemical Index Fund will make passive investments in equity and equity-related securities replicating the composition of the Nifty Chemical Index, subject to tracking error. The Nifty Chemical Index comprises companies operating across specialty chemicals, agrochemicals, commodity chemicals, fertilizers, industrial gases, explosives and related segments, providing diversified exposure to India's chemical ecosystem.
The Scheme will invest in companies that are constituents of the Nifty Chemical Index in the same weights as the Index, with an endeavour to achieve returns corresponding to the performance of the benchmark, subject to tracking error.
India's growth story continues to be supported by structural reforms, increasing domestic demand, manufacturing-led development and a strong policy focus on strategic and industrial self-reliance. While the defence sector is benefiting from rising defence spending, indigenisation initiatives and growing export opportunities, the chemical sector is gaining from expanding domestic consumption, value-added manufacturing and global supply chain diversification. Together, the Invesco India Nifty India Defence Index Fund and the Invesco India Nifty Chemical Index Fund are designed to offer investors transparent, cost-efficient access to two long-term growth themes through passive investing. Both the schemes will be managed by Abhisek Bahinipati.
The minimum investment amount during the NFO for both schemes is Rs100 and in multiples of Rs1 thereafter. For SIP investments, both schemes offer Daily (minimum Rs20 through digital platforms), Weekly (minimum Rs100), Monthly (minimum Rs100) and Quarterly (minimum Rs300) options. No exit load will be charged
Above views are of the author and not of the website kindly read disclaimer
