Publish Date:
Invesco India Mutual Fund has launched Invesco India Manufacturing Fund
It is an open-ended equity scheme following manufacturing theme.
The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of Equity and Equity Related Instruments of companies following the manufacturing theme. There is no assurance that the investment objective of the Scheme will be achieved.
The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. India has the capacity to export goods worth USD 1 trillion by 2030 and is on the road to becoming a major global manufacturing hub.
Under normal circumstances, Invesco India Manufacturing Fund will hold an allocation of 80% to 100% in Equity & equity related instruments of companies following manufacturing theme, 0% to 20% in Other equity and equity related instruments, 0% to 20% in Debt and Money Market Instruments and 0% to 10% in Units issued by REITs and InvITs.
[Read: Manufacturing Mutual Funds Shine. Are they Worthy of Your Investment Portfolio?]
Invesco India Manufacturing Fund will invest primarily in equity & equity related instruments of companies following manufacturing theme. The Scheme will pursue active investment strategy, utilizing the bottom up investment approach to select stocks using its proprietary investment process. The Scheme will invest across market capitalization with an aim to have a well-diversified portfolio.
Following businesses can be part of manufacturing theme:
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Companies engaged in manufacturing and derive revenue from investment in plant and machinery
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Companies that can benefit from government’s focus on making India a ‘Global Manufacturing Hub
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Companies investing in new manufacturing plants or undertaking capacity expansion
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Companies involved in provision of services/supplies to manufacturing companies such as IT hardware, network infrastructure, data solutions, logistics etc.
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Companies which are globally competitive in manufacturing operations.
[Read: India's Manufacturing Momentum: ICICI Pru Manufacturing Fund vs. Kotak Manufacture in India Fund]
Invesco India Manufacturing Fund is benchmarked against the Nifty India Manufacturing TRI
Invesco India Manufacturing Fund will be managed by Mr Amit Ganatra and Mr Dhimant Kothari
Invesco India Manufacturing Fund is open for subscription from July 25, 2024 to August 08, 2024. The fund will reopen for continuous sale and repurchase within 5 business days.
The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.
The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1 thereafter.