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Invesco India Equity & Bond Fund Floats On
(10:27, 13 Jun 2018)
Invesco Mutual Fund has launched a new fund named as Invesco India Equity & Bond Fund, an open ended hybrid scheme investing predominantly in equity & equity related instruments. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 11 June to 25 June 2018.

The investment objective of the scheme is to generate capital appreciation and current income by investing in equity & equity related instruments as well as debt securities.

The scheme offers growth & dividend option (Reinvestment / Payout) under both regular and direct plan.

The scheme would allocate 65%-80% of assets in equity & equity related instruments with high risk profile and invest 20%-35% of assets in debt & money market instruments with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry load: Nil

Exit Load: 1%, If redeemed / switched out on or before 1 year from the date of allotment

Nil, If redeemed / switched out after 1 year from the date of allotment.The scheme will be listed on the NSE.

Benchmark Index for the scheme will be CRISIL Hybrid 35+65 Aggressive Index.

The fund managers for the scheme are Taher Badshah, Amit Ganatra and Krishna Cheemalapati.

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