Invesco Mutual Fund launches Invesco India Multi Asset Allocation Fund

NFO Opens: 27 November 2024; Closes: 11 December 2024

November 27, 2024: Invesco Mutual Fund today 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.