Invesco Mutual Fund Launches Invesco India Multi Asset Allocation Fund for Diversified Investment Strategy
Varahi media.com online news, Mumbai, November 27, 2024: Invesco Mutual Fund has unveiled its new offering, the Invesco India Multi Asset Allocation Fund, an open-
Varahi media.com online news, Mumbai, November 27, 2024: Invesco Mutual Fund has unveiled its new offering, the Invesco India Multi Asset Allocation Fund, an open-ended scheme designed to invest across multiple asset classes, including Equity, Debt, and Gold ETFs/Silver ETFs. The fund aims to generate long-term capital appreciation and income by actively managing a diversified portfolio.
The fund will allocate 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. It may also invest up to 35% of its equity allocation in Overseas Securities, based on available opportunities. The fund will be benchmarked to a combination of indices: Nifty 200 TRI (60%), CRISIL 10 Year Gilt Index (30%), Domestic Price of Gold (5%), and Domestic Price of Silver (5%).
At the launch event, Mr. Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, stated, “Diversification across asset classes is essential, but choosing the right mix can be challenging in a dynamic market. The Invesco India Multi Asset Allocation Fund is designed to adjust allocations across equities, fixed income, and gold/silver, allowing for optimized returns while managing risks. This fund offers investors a unique strategy for diversification and risk management in one product.”
He further added, “The multi-asset allocation category will become a vital component in helping investors meet their financial objectives.”
Mr. Herin Shah, Fund Manager at Invesco Mutual Fund, highlighted, “Markets are cyclical, and as macroeconomic conditions evolve, so do the risks and opportunities. By analyzing macro trends and market conditions, we will dynamically adjust asset allocations to ensure the portfolio remains aligned with the prevailing environment. This structured approach ensures that we deliver consistent results for our investors.”
Key Fund Details:
- Minimum Investment: Rs. 1,000/- during the NFO (in multiples of Re. 1/- thereafter).
- SIP Investment: Rs. 500/- (in multiples of Rs. 1/- thereafter).
- Exit Load: No exit load if up to 10% of the units are redeemed or switched out within 1 year. For redemptions/switches exceeding 10% within 1 year, an exit load of 1% will be applied. No exit load after 1 year.
The New Fund Offer (NFO) is open for subscription starting today (November 27, 2024) and will close on December 11, 2024.
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