NFO Opens: 29thJune2021; Closes: 13thJuly2021
Mumbai (Maharashtra) [India,] June 29: Invesco Mutual Fund announces the launch of its new fund Invesco India Medium Duration Fund – An open-ended medium-term debt scheme investing in instruments such that the Macaulayduration^ of the portfolio is between 3 years and 4 years.
Invesco India Medium Duration Fund seeks to generate income by investing in a portfolio of debt and money market securities. The fund would be constructed following a detailed assessment of liquidity, interest rate view, and credit environment.
Over 75% – 85% of exposure will be to ‘AAA’ rated Corporate and Government Securities (G-Secs including SDLs). With an aim to enhance portfolio yield, the fund will invest 15% – 25% of the net assets in very select ‘AA’ category corporate bonds and will utilize its in-house proprietary credit assessment framework to select such issuers. The fund will also aim to identify issuers, which are expected to witness improvement in their credit metrics. Such selected issuers will not only provide the benefit of high accrual, to begin with, but also the mark to market gains opportunity with credit spread compression. The fund will not invest in bonds that are rated below AA-. At all times, the Scheme will target securities, which can offer an optimal level of yields/returns, while giving due emphasis to its risk-reward characteristics^.
Speaking at the launch, Mr. Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund said, “Fixed-income investments play a vital role in every investment portfolio, besides generating stable income they also help in reducing overall portfolio risk as they are less volatile and have a low correlation with equity market returns.”
“New Fund Launch is aimed at capturing the current market opportunities both on the yield curve as well as on the credit market. If you look at the current fixed income markets, the yield curve has steepened during the pandemic; at the short end, yields have moved sharply lower on account of ample systemic liquidity & accommodative monetary policy stance; while the long end of the curve has still remained elevated due to higher fiscal concerns, though anchored by RBI through various tools like Government Securities Acquisition Program (G – SAP). With this backdrop in mind, we believe the 3- 5 years segment which offers high accrual presents itself as an attractive investment opportunity from a risk-reward perspective. Investors with a medium to a long term horizon with moderate risk appetite can consider investing in this fund.”
The minimum investment amount during the NFO is Rs. 1,000/- and in multiples of Re. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 1,000/- per month and Rs. 2,000/- per Quarter and in multiples of Re. 1 thereafter.
No Exit load will be charged. The fund is benchmarked to CRISIL Medium Term Debt Index and will be managed by Vikas Garg and Krishna Cheemalapati.
The New Fund Offer (NFO) is open for subscription from June 29, 2021, and will close on July 13, 2021.
^Disclaimer: The above strategy is based on current views and market conditions and is subject to change from time to time.
About Invesco Asset Management (India) Private Limited
Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 48,451 crores of assets under management across Mutual funds, PMS, and Offshore Advisory (for the quarter ending March 2021), we serve the 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 where we offer the complete range of funds designed to suit investment needs. IAMI aims to provide top-class financial care, impeccable service, and best-in-class investment products.
For more details visit invescomutualfund.com
About Invesco Ltd
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com
Invesco India Medium Duration Fund
(An open-ended medium-term debt scheme investing in instruments such that the Macaulay duration^ of the portfolio is between 3 years and 4 years) suitable for investors who are seeking* income over the medium term investments predominantly in debt and money market instruments with portfolio Macaulay duration of 3- years
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Note: The product labelling assigned during the NFO is based on internal assessment of the Scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
^Please refer to the heading ‘C. Asset Allocation Pattern’ under Section ‘II. Information about the Scheme’ of Scheme Information Document where the concept of Macaulay duration has been explained
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
For further information, please contact
Haresh L Sadani, Director – Marketing & Products, Invesco Asset Management (India) Private Limited
Nidhi Sampat, Manager – Marketing, Invesco Asset Management (India) Private Limited
107117 762498really good post, i undoubtedly adore this amazing website, carry on it 87458
788309 793404I feel 1 of your advertisements triggered my internet browser to resize, you may want to put that on your blacklist. 637362
278734 156274I found your weblog site on google and check a couple of of your early posts. Proceed to sustain up the quite great operate. I just extra up your RSS feed to my MSN News Reader. Searching for ahead to reading extra from you later on! 737760
109472 657357You will notice several contrasting points from New york Weight reduction eating plan and every one 1 may possibly be beneficial. The initial point will probably be authentic relinquishing on this excessive. shed weight 917584
764028 215529You designed some decent points there. I looked over the internet for any issue and discovered most individuals goes as properly as together with your web internet site. 668386
140024 61025Hey there! Good stuff, please keep us posted when you post again something like that! 49359
Excellent items from you, man. I’ve be aware your stuff previous to and you’re just
too magnificent. I really like what you have bought here, certainly
like what you’re saying and the best way during which you are saying it.
You are making it enjoyable and you still care for to keep it sensible.
I can’t wait to learn much more from you. That is actually a terrific web site.
I savor, cause I found exactly what I used to be looking for. You have ended my 4 day lengthy hunt! God Bless you man. Have a nice day. Bye
293580 460398Would really like to perpetually get updated wonderful weblog ! . 274987
533476 503714Hi there for your individual broad critique, then again particularly passionate the recent Zune, and in addition intend this specific, not to mention the beneficial feedbacks other sorts of every person has posted, will determine if is it doesnt answer youre searching for. 332163
I have read some just right stuff here. Certainly price bookmarking for revisiting. I wonder how a lot effort you place to create this type of excellent informative web site.
What i do not understood is in fact how you’re not actually a lot more well-appreciated than you might be right now. You’re very intelligent. You understand therefore significantly on the subject of this matter, made me in my opinion imagine it from so many varied angles. Its like men and women aren’t involved unless it?¦s something to accomplish with Girl gaga! Your individual stuffs nice. All the time handle it up!
I was just seeking this info for some time. After six hours of continuous Googleing, at last I got it in your web site. I wonder what is the lack of Google strategy that don’t rank this kind of informative sites in top of the list. Usually the top web sites are full of garbage.
Yay google is my world beater assisted me to find this outstanding internet site! .
I think this internet site holds some really superb info for everyone : D.
Thanks for sharing superb informations. Your site is so cool. I’m impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched everywhere and simply couldn’t come across. What a great web site.
Hmm it appears like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to everything. Do you have any tips for newbie blog writers? I’d certainly appreciate it.