NFO Alert: Invesco Mutual Fund launches BSE Sensex and Nifty Bank based index funds

Invesco Mutual Fund announced the launch of two new funds on Thursday, Invesco India BSE Sensex Index Fund and Invesco India Nifty Bank Index Fund.

The new fund offer or NFOs of these two funds are open for subscription and will close on May 7.

Also Read | 27 equity mutual funds offer over 10% returns on SIP investments in a year. Do you own any?


Invesco India BSE Sensex Index Fund is an open ended scheme replicating/tracking BSE Sensex Index and Invesco India Nifty Bank Index Fund is an open ended scheme replicating/tracking Nifty Bank Index, designed to offer investors passive investment options across India’s core equity and banking sector.

Invesco India BSE Sensex Index Fund will make passive investments in equity and equity related securities replicating the composition of the BSE Sensex Index, subject to tracking errors.

The scheme will invest in companies which are constituents of BSE Sensex Index in the same weights as in the Index with an endeavour to track the benchmark index with as low tracking error as possible.

Invesco India Nifty Bank Index Fund will make passive investments in equity and equity related securities replicating the composition of the Nifty Bank Index, subject to tracking errors.

The scheme will adopt a passive investment strategy, investing in equity and equity-related securities of companies that are constituents of the Nifty Bank Index in the same weights as the index, with a focus on maintaining low tracking error. This approach provides investors focused exposure to the banking sector while offering diversification across established banking franchises.

India’s favourable macroeconomic environment, supported by strong domestic consumption, demographic advantages, policy reforms, and deepening financial markets, continues to underpin long-term wealth creation.

Together, the Invesco India BSE Sensex Index Fund and the Invesco India Nifty Bank Index Fund are designed to offer investors transparent, cost-efficient access to India’s long-term growth opportunities through passive investing.

Also Read | Gold, silver ETFs slip up to 3% as crude surge, weak Iran talks dent sentiment. What should investors do?

Both the funds will be managed by Abhisek Bahinipati. The minimum lumpsum investment amount during the NFO for both schemes is Rs 100 and in multiples of Re 1 thereafter.

For SIP investments, both schemes offer Daily (Min. Rs 20 available only through digital platforms), Weekly (Min. Rs 100), Monthly (Min. Rs 100), and Quarterly frequency (Min. Rs 300) and in multiples of Re 1 thereafter. No exit load will be charged to investors.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.