Invesco India ESG Equity Fund Details

Invesco India ESG Equity Fund Details

Invesco India ESG Equity Fund Details

Invesco India Mutual fund plans to launch a new fund offer in the next week of February 2021. It is an Invesco India ESG Equity Fund and an open-ended scheme that investing in companies following the Environmental, Social, and Governance theme. 

The scheme will open for subscription on Feb 26th, 2021. It may close on March 12th, 2021. However, the scheme will re-open within 5 days from the date of allotment for continuous sale or repurchase. The new NFO will suitable for investors that seek capital appreciation over the long-term.

According to the SID, During the offer period, the offer for units of Rs. 10 each for cash and continuous offer for units at NAV-based prices. Further, the investors who are ready to put their money into this scheme should understand that their principal will be at very high risk. 

Basic Details of NFO:

NFO Name  Invesco India ESG Equity Fund
Subscription Period  Feb 26th, 2021 – March 12th, 2021
NFO Type  Open-ended Equity scheme
Benchmark  NIFTY100 Enhanced ESG TRI 
Fund manager  

Invesco India MF’s NFO available in regular and direct plans along with growth and dividend options. 

Investment Objective:

According to the MF’s statement, the main aim of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity-related instruments of firms. Further, it will choose those firms based on  Environmental, social, and governance criteria as defined by the scheme proprietary investment framework. 

Minimum Investment Limit:

Besides, the investors who want to invest in this scheme should invest a minimum of Rs. 1,000 and in multiples of Re. 1/- thereafter. Moreover, the additional purchase and minimum redemption amount should stand at Rs. 1,000 and in multiples of Re. 1/-. However, the scheme is available in the Systematic Investment Plan method.

During the NFO period, the entry load will be Nill for each purchase of units through Lumpsum/ switch-in / SIP and STP exit load will be not applicable when the units are redeemed within one year from the date of allotment up to 10% of units. Moreover, it would be applied 1% if any redemption of units excess of 10% of units allotted.

Investment Pattern:

 Instruments  Indicative Allocations (% of net assets)  Risk Profile
 Minimum   Maximum
Equity & equity related instruments of companies complying with ESG criteria 80   100  High 
Other equity & equity related instruments  0   20  High
Debt & Money Market Instruments/Units of overnight and liquid schemes of Invesco Mutual Fund   0  20   Low to Medium
Units issued by REITs and InvITs  10  Medium to High 

Disclaimer: Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Before investment, refer to the SID and statement of additional information available free of cost at any of the Investor Service Centres or distributors.

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