Invesco Mutual Fund has announced the launch of its new fund Invesco India Multi Asset Allocation Fund, (an open – ended scheme investing in Equity, Debt, Gold ETFs / Silver ETFs). Invesco India Multi Asset Allocation Fund seeks to generate long-term capital appreciation / income from an actively managed portfolio of multiple asset classes. The fund will invest around 10%-80% of its net assets in Equity & Equity related instruments, 10%-80% in Debt & Money Market Instruments, and 10%-50% in Gold ETFs/ Silver ETFs. Within the equity allocation, the fund may invest up to 35% of the scheme’s net assets in Overseas Securities#, depending on available opportunities. The fund will be managed by Mr. Taher Badshah and Mr. Herin Shah and will be benchmarked to Nifty 200 TRI (60%) + CRISIL 10 Year Gilt Index (30%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%).
Speaking at the launch, Mr. Taher Badshah, Chief Investment Officer, Invesco Mutual Fund said”We all know how important it is to diversify across asset classes, however, selecting the right mix in ever-changing market conditions is hard. With Invesco India Multi Asset Allocation Fund, we offer a unique strategy that adjusts allocations across equity, fixed income and gold/ silver to optimize returns and manage risk. This fund is a significant addition to our product range, offering investors an all-in-one solution for diversification and risk management.”
“The multi-asset allocation fund category will become a key component of every portfolio in helping investors achieve their financial goals.” said Taher.
Mr. Herin Shah, Fund Manager, Invesco Mutual Fund further said “Markets are cyclical. Opportunities and risk change due to changing macro environment. Risks and correlations also vary in different macro regimes. By analysing macroeconomic trends, market conditions and risk factors, we dynamically allocate assets to ensure the portfolio is aligned with prevailing opportunities. This structured approach is key to delivering consistent outcomes for our investors.”
The minimum investment amount during the NFO is Rs. 1,000/- and in multiples of Re. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Rs. 1 thereafter. If up to 10% of units allotted are redeemed / switched out within 1 year, the fund will not charge any exit load. For any redemption/ switch out in excess of 10% of units within one year, an exit load of 1% will be charged. No exit load will be charged if units are redeemed / switched out after 1 year from the date of allotment.
The New Fund Offer (NFO) is now open for subscription from today (November 27, 2024) and will close on December 11, 2024.
About Invesco Asset Management (India) Private Limited
Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 112,901 crores of average assets under management for quarter ending Sept 2024 across Mutual funds, PMS and Offshore Advisory, we serve investment needs of individual investors, corporate and institutions through mutual funds and sub- advised portfolios. Our expertise extends across equity, fixed income and alternative asset classes where we offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top class financial care, impeccable service and best- in-class investment products.
For more details visit www.invescomutualfund.com
About Invesco Ltd.
Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed $1.7 trillion in assets on behalf of clients worldwide as of June 30, 2024.
For more information, visit https://www.invesco.com/corporate
