Thu, February 6, 2025

NFO Tracker: Invesco Mutual Fund launches business cycle fund

Invesco Mutual Fund has launched a new fund offer (NFO) named the Invesco India Business Cycle Fund, which opened for subscription on May 17, 2024, and will close on May 31, 2024. This fund aims to invest in equity and equity-related securities of companies that are expected to benefit from the prevailing business cycle. The fund will be managed by a team including Taher Badshah, Amit Ganatra, and Dhimant Kothari. It will employ a bottom-up stock selection approach, focusing on sectors and companies that are likely to perform well due to economic cycles. The minimum investment amount is set at Rs 1,000, with subsequent investments in multiples of Re 1. The fund's performance will be benchmarked against the Nifty 500 TRI, and it offers both regular and direct plans with growth and IDCW options. This NFO provides investors an opportunity to diversify their portfolio by capitalizing on economic cycles.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/nfo-tracker-invesco-mutual-fund-launches-business-cycle-fund/ar-AA1yvzA1 ]