Invesco Mutual Fund launches Invesco India Nifty G-sec Sep 2032 Index Fund

by News Team | Mutual Fund

NFO period: 16th March – 24th March, 2023

Highlights of the NFO:

  • Scheme type – An open-ended Target Maturity Index Fund tracking Nifty G-sec Sep 2032 Index. A relatively high interest rate risk and relatively low credit risk

  • Investment objective – To generate returns which correspond (before fees and expenses) to the performance of Nifty G-sec Sep 2032 Index, subject to tracking difference. However, there is no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking returns that correspond (before fees and expenses) to the performance of Nifty G-sec Sep 2032 Index, subject to tracking difference by investing in Government Securities, TREPS on Government Securities/Treasury bills.

  • Minimum Application Amount – First investment is Rs. 1,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan. Each plan under the scheme offers Growth option and Payout of Income Distribution cum capital withdrawal option (‘IDCW Payout’).

  • Fund Managers – Mr. Krishna Cheemalapati and Mr. Vikas Garg

  • Benchmark – Nifty G-sec Sep 2032 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)