MUTUAL FUNDS
Invesco India MF introduces Invesco Global Consumer Trends Fund of Fund
Dec-04-2020

Invesco India Mutual Fund (MF) has launched Invesco India-Invesco Global Consumer Trends Fund of Fund, an open-ended fund of fund Overseas scheme investing in Invesco Global Consumer Trends Fund. The NFO opens for subscription on December 04, 2020, and closes on December 18, 2020. The Entry load is nil for the scheme. If redeemed/switched-out within 12 months, the exit load will be nil for up to 10% of units allotted and 1% for in excess of 10% of units allotted. The exit load will be nil, if redeemed/switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked against to MSCI World Consumer Discretionary Index-Net Dividend and the fund managers are Neelesh Dhamnaskar and Krishna Cheemalapati.

The investment objective of the scheme 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.

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