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Invesco India Focused 20 Equity Fund NFO collects over Rs 602 crore

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Invesco India Focused 20 Equity Fund (an open-ended fairness scheme investing in most 20 shares throughout market capitalization (i.e. Multicap)), which was open for subscription till 23rd September has collected Rs. 602 crs within the NFO. The fund acquired 29,240 functions from traders throughout 855 cities & cities in India.

Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund mentioned, “Our strong and consistent track record of performance across our equity schemes has helped us garner assets during our NFO. We would like to thank all our investors and distributors for their belief in us and are humbled by the response received by our new fund. Invesco is an independent asset manager, and all the collections received during the NFO have come from third party distributors, including banks, national distributors, IFAs and our digital partners”

Invesco India Focused 20 Equity Fund seeks to generate capital appreciation by investing in upto 20 shares with a flexibility to maneuver throughout the market capitalization vary. The fund will undertake a excessive conviction strategy to investing with significant allocation to every inventory concept but sustaining a steadiness between conviction and diversification. The fund is benchmarked to S&P BSE 500 TRI and can be managed

by Taher Badshah, who has over 26 years of expertise within the Indian fairness markets.

The fund will re-open for ongoing subscription from October 5, 2020.

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