Invesco Mutual Fund files offer document for India Feeder - Invesco Global Consumer Trends Fund

Invesco Mutual Fund has filed offer document with SEBI to launch an open  ended  fund  of  fund  scheme named 'Invesco India Feeder - Invesco Global Consumer Trends Fund' .The New Fund Offer price is Rs 10 per unit. Entry load will be nil and exit load ,if units are redeemed/switched out within 1 year from the date of allotment: it will be up to 10% of units allotted are redeemed/switched out - Nil , any redemption / switch-out of units in excess of 10% of units allotted it will be 1%; if units are redeemed/switched out after 1 year from the date of allotment, no exit load is payable. The scheme currently offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crores.

The performance for schemes will be benchmarked against MSCI World Consumer Discretionary Index - Net Dividend. The minimum application amount for initial purchase is Rs 1000 each and in multiples of Re 1 thereafter.

The investment objective of the scheme seeks to provide long-term capital  appreciation  by  investing  predominantly in units of Invesco Global Consumer Trends Fund, an  overseas  fund   which  invests   in an international portfolio of companies predominantly engaged in the design, production or distribution of products and  services related to  the  discretionary consumer needs of individuals.