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  • 06

    Feb
    2019

    Invesco India Equity Savings Fund Floats On

    Invesco Mutual Fund has launched a new fund named as Invesco India Equity Savings Fund, an open ended scheme investing in equity, arbitrage and debt. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 February to 28 February 2019.

    The investment objective of the scheme is to generate capital appreciation and income by investing in equity and equity related instruments, arbitrage opportunities and fixed income instruments (including debt, government securities and money market instruments).

    The Scheme will have Regular Plan and Direct Plan Each of the above Regular and Direct Plan under the scheme will have the following Options/Sub-options: (1) Growth Option and (2) Dividend Option. The Dividend Option shall have only Dividend Reinvestment and Payout option.

    The scheme would allocate 65%-90% of assets in equities and equity related instruments with high risk profile, invest 25%-75% % of assets in of which derivatives including index futures, stock futures, index options & stock options etc. (only arbitrage opportunities) with low to medium risk profile, invest 15%-40% % of assets in of which unhedged equity portion with high risk profile and invest 10%-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 minimum additional application amount is Rs 1000 and in multiples of Re. 1 thereafter.

    The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

    Entry load: Nil

    Exit Load:

    In respect of each purchase/switch-in of units, an exit load of 0.25% is payable if units are redeemed/ switched-out on or before 1 month from the date of allotment.

    In respect of each purchase/switch-in of units, no exit load is payable if units are redeemed/switched-out after 1 month from the date of allotment.

    Benchmark Index for the scheme is NIFTY Equity Savings Index.

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

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NIFTY 11641.80 img -84.35

SENSEX 39103.50 img 48.82

GOLD 31794.00

SILVER 37381.00

1 USD / INR 70.27

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