Invesco Mutual Fund launches Invesco India Equity & Bond Fund

Invesco Mutual Fund has launched its new fund, Invesco India Equity & Bond Fund. The open-ended hybrid scheme will invest predominantly in equity and equity-related instruments as well as debt securities. The New Fund Offer (NFO) opened for subscription on 11 June and it will close on 25 June.

The scheme will invest 65 - 80 per cent in equities. And it will invest around 20-35 per cent in debt and money market securities. The fund will invest across sectors and market capitalisations.

The equity component of the fund will be managed by Taher Badshah and Amit Ganatra, while the fixed income portion will be managed by Krishna Cheemalapati. The fund managers will adopt both bottom-up and top-down approach to select stocks and will combine both growth and value buys with an aim to generate consistent outcomes. The fixed income portfolio will have preference for the highest rated (AAA) debt securities.


The minimum investment amount during the NFO is Rs 5,000. The minimum application amount under the monthly SIP option for minimum 12 installments is Rs 500 and under the quarterly SIP option is Rs 1,500.

Also, an exit load of 1 per cent will be payable on investments redeemed/switched out on or before one year from the date of allotment. The new fund offers growth, dividend payout and dividend reinvestment options. The fund's benchmark is CRISIL Hybrid 35+65, an aggressive index.