A new fund titled Invesco India Focused 20 Equity Fund has been launched by Invesco Mutual Fund. Invesco India Focused 20 Equity Fund seeks to generate capital appreciation by investing in upto 20 stocks with a flexibility to move across the market capitalization range. Currently, a large portion of the portfolio will be invested in large-cap stocks. Exposure to midcap stocks will be in the range of 30% to 50%, while exposure to small-cap stocks will be in the range 0 – 20% of the portfolio. Further, the portfolio will comprise of both growth and value stocks. It is an open-ended equity scheme investing in maximum 20 stocks across market capitalization i.e. Multicap.
The New Fund Offer (NFO) is open for subscription from September 9 and will close on September 23. The minimum investment amount during the NFO is Rs. 1000 and in multiples of Re. 1 thereafter. For SIP investments, the minimum application amount is Rs. 500 and in multiples of Re. 1 thereafter. No exit load will be charged, if up to 10 per cent of the units are redeemed/ switched out within 1 year from the date of allotment. No exit load will be charged for units redeemed/switched after 1 year from the date of allotment.
