Publish Date:
Invesco Mutual Fund has launched a new Fund of Fund scheme - Invesco India - Invesco EQQQ NASDAQ-100 ETF Fund of Fund (II - IENF).
It is an open ended fund of fund scheme investing in Invesco EQQQ NASDAQ-100 UCITS ETF.
The investment objective of the scheme is to generate returns by investing predominantly in units of Invesco EQQQ NASDAQ100 UCITS ETF, an overseas exchange traded fund, which seeks to provide investment results which, before expenses, generally correspond to the price and yield performance of the NASDAQ-100 Notional Index (Net Total Return) in USD.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Invesco India – Invesco EQQQ NASDAQ-100 ETF Fund of Fund (II - IENF) is mandated to invest 95% to 100% of its net assets in Shares of Invesco EQQQ NASDAQ-100 UCITS ETF, domiciled in Ireland and 0% to 5% of the net assets in Debt and money market securities / Units of debt and liquid schemes of Invesco Mutual Fund.
The scheme will invest in units of Invesco EQQQ NASDAQ-100 UCITS ETF (the underlying fund).
About Invesco EQQQ NASDAQ-100 UCITS ETF (the Underlying Fund):
The Underlying Fund, Invesco EQQQ NASDAQ-100 UCITS ETF, aims to provide the performance of the NASDAQ-100 Notional Net Total Return Index, less fees.
Invesco EQQQ NASDAQ-100 UCITS ETF is a sub-fund of Invesco Markets III public limited company, an umbrella investment company with variable capital having segregated liability between its Funds incorporated with limited liability in Ireland under registration number 352941). It qualifies and is authorised in Ireland by the Central Bank of Ireland (the “Central Bank”) as a UCITS for the purposes of the Regulations and therefore is subjected to investment supervision.
The Investment Manager uses the full physical replication method of the ‘index tracking’ strategy whereby the Underlying Fund will so far as possible and practicable hold all of the components of the Index in their respective weightings. The Underlying Fund may invest up to 20% of its Net Asset Value in shares issued by the same body, and up to 35% in exceptional market conditions. The Investment Manager may utilize various combinations of available investment techniques, in seeking to track the Index, including the use of Financial Derivative Instruments (FDIs) for efficient portfolio management purposes.
The participation in this fund (through the FoF Scheme) gives an opportunity to domestic investors to diversify their portfolio globally and access to businesses not listed in India.
Invesco India – Invesco EQQQ NASDAQ-100 ETF Fund of Fund (II - IENF) performance will be benchmarked against NASDAQ-100 Notional Index (Net Total Return).
The fund will be managed by Mr Neelesh Dhamnaskar and Mr Krishna Cheemalapati.
The NFO opens for subscription on March 30, 2022 and closes on April 13, 2022. The scheme will reopen for continuous sale and repurchase Within 5 Business Days from the date of allotment.
The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The fund offers Regular Plan and Direct Plan having a Growth Option.