NFO Monitor: Invesco Mutual Fund launches multi-asset allocation fund

Invesco Mutual Fund has launched Invesco India Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt, gold ETFs / silver ETFs.

The new fund offer or NFO of the scheme is open for subscription and will close on December 11. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment.

The objective is to generate long-term capital appreciation/income from an actively managed portfolio of multiple asset classes.


The scheme will be benchmarked against Nifty 200 TRI (60%) + CRISIL 10 year Gilt Index (30%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%). It will be managed by Taher Badshah and Herin Shah.

For purchase, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. For switch-in, the minimum amount is Rs 1,000 per application and in multiples of Re 0.01 thereafter.

The scheme will allocate 10-80% in equity and equity- related instruments, 10-80% in debt and money market instruments, 10-50% in gold/silver ETFs, and 0-10% in units issued by REITs and InvITs. The maximum total expenses ratio (TER) permissible under Regulation 52 (6) (c) is up to 2%.

The scheme’s asset allocation would be actively managed with an aim to create a diversified portfolio of multi asset classes thereby balancing risk and reward. The asset allocation would take into consideration top-down global and domestic macro view, market valuations, inflation, liquidity, central bank policies, risk-premia, cross asset price information etc.

The top-down macro view will be guided by internal research, including third-party research, and will form the basis of inputs for the asset allocation framework. The signals derived from the asset allocation framework are overlaid with the assessment of the fund management team to determine the optimum asset allocation at a given point.

The scheme is suitable for investors who are seeking capital appreciation/income over the long term, and want investment in a diversified portfolio of instruments across multiple asset classes.