Invesco Mutual Fund introduces India Smallcap Fund

Invesco Mutual Fund has launched the Invesco India Smallcap Fund, an open ended equity scheme. The NFO opens for subscription on October 10, 2018 and closes on October 24, 2018. Entry load will be nil and exit load will be 1% if redeemed / switched out on or before 1 year from the date of allotment applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against S&P BSE 250 Smallcap index and its fund manager is Taher Badshah.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.