Hindustan Saga
Business Finance/Money

Invesco India Focused 20 Equity Fund NFO collects over Rs. 602 crs

Invesco India Focused 20 Equity Fund NFO collects over Rs. 602 crs

Mumbai (Maharashtra),India: : Invesco India Focused 20 Equity Fund (an openended equity scheme investing in maximum 20 stocks across market capitalization (i.e. Multicap)), which was open for subscription until 23rd September has collected Rs. 602 crs in the NFO. The fund received 29,240 applications from investors across 855 cities & towns in India.

 

Mr. Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund said, “Our strong and consistent track record of performance across our equity schemes has helped us garner assets during our NFO. We would like to thank all our investors and distributors for their belief in us and are humbled by the response received by our new fund. Invesco is an independent asset manager, and all the collections received during the NFO have come from third party distributors, including banks, national distributors, IFAs and our digital partners”

Invesco India Focused 20 Equity Fund NFO collects over Rs. 602 crs

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. The fund will adopt a high conviction approach to investing with meaningful allocation to each stock idea yet maintaining a balance between conviction and diversification. The fund is benchmarked to S&P BSE 500 TRI and will be managed by Mr. Taher Badshah, who has over 26 years of experience in the Indian equity markets.

 

The fund will re-open for ongoing subscription from October 5, 2020

 

About Invesco Asset Management (India) Private Limited

 

Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 39,515 crores of assets under management across Mutual funds, PMS and Offshore Advisory (as at 31 Aug 2020), 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 wherewe 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 an independent investment management firm dedicated to delivering investment experience that helps people get more out of life.  NYSE: IVZ; www.invesco.com

Related posts

The Wellness Revolution Starts with AirX: How AirX Is Using Microalgae Tech to Clean India’s Indoor Air

Hindustan Saga

WCF & Emo Matrix: Empowering Indian Coaches for Global Impact

Hindustan Saga

Rest The Case Celebrates Five Years of Revolutionizing Legal Access in India

Hindustan Saga

Shaligram Infotech Celebrates 10 Years of Driving Digital Innovation for Global Businesses

Hindustan Saga

DFX Funnel: The Strategic Growth Partner Helping Indian Brands Scale Their Franchise Networks

Hindustan Saga

Shaligram Infotech, A Trusted Microsoft Partner In India, Marks 10 Years With Rebranding And Expanded Global Focus

Hindustan Saga

Leave a Comment