NFO Alert: Invesco India Mutual Fund Launched Invesco India Technology Fund - Know more here!
Invesco India Technology Fund targets long-term capital appreciation by investing in companies within the technology sector, launched on September 3, 2024.
The Invesco India Technology Fund is an open-ended equity scheme designed to invest in companies within the technology sector. This fund includes firms engaged in automation, artificial intelligence, and digital adoption. Launched on September 3, 2024, the New Fund Offer (NFO) will close on September 17, 2024. The fund aims to generate long-term capital appreciation by strategically investing in technology-related companies.
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Fund Structure and Allocation
The scheme is categorised as an Equity Scheme with a Sectoral/Thematic focus. The minimum subscription amount for the fund is Rs 1,000 per application. The investment allocation for the scheme is as follows:
- Equity and Equity-related Instruments: Companies within the technology and technology-related sectors will receive a minimum allocation of 80 per cent and a maximum allocation of 100 per cent.
- Other Equity and Equity-related Instruments: These will receive an allocation ranging from 0 per cent to 20 per cent.
- Debt and Money Market Instruments: The allocation for these instruments ranges from 0 per cent to 20 per cent.
- Units issued by REITs and InvITs: The allocation for these units ranges from 0 per cent to 10 per cent.
Risk and Suitability
The risk-o-meter classifies this scheme as suitable for investors aiming for capital appreciation over the long term. Investors interested in companies within the technology sector might find this fund aligned with their investment goals.
Benchmark
The performance of the Invesco India Technology Fund will be benchmarked against the Nifty IT TRI.
Peer Funds
|
Scheme Name
|
AUM
(Rs Crore)
|
1 Year
( per cent)
|
Since
Launch
Rtn.
( per cent)
|
|
Franklin India
Technology Fund
|
1,774.27
|
51.23
|
19.8
|
|
Tata Digital India
|
11,377.33
|
46.12
|
21.04
|
|
ICICI Prudential
Technology Fund
|
13,422.37
|
43.93
|
13.3
|
|
ABSL Digital India
|
5,138.21
|
37.25
|
12.63
|
|
SBI Technology
Opportunities
|
4,206.13
|
36.53
|
21.24
|
Data As of August 30, 2024.
Fund Management
The scheme is managed by Hiten Jain and Aditya Khemani. Hiten Jain has over 15 years of experience in industry and equity research. Aditya Khemani brings over 18 years of experience in the securities market.
Conclusion
The Invesco India Technology Fund offers investors an opportunity to invest in companies within the technology sector, aiming for capital appreciation through innovations and digital advancements.
Disclaimer: The article is for informational purposes only and not investment advice.