Invesco Mutual Fund launches Invesco India Business Cycle Fund
Invesco Mutual Fund today announced the launch of its new fund Invesco India Business Cycle Fund (An open ended equity scheme following business cycles based investing theme)
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Mumbai, Feb 06: Invesco Mutual Fund today announced the launch of its new fund Invesco India Business Cycle Fund (An open ended equity scheme following business cycles based investing theme).
Invesco India Business Cycle Fund seeks to generate long-term capital appreciation by investing in equity and equity related instruments with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. It will adopt a holistic investment approach that focuses on economic, business, and company lifecycles.
This fund will adopt both top-down and bottom-up approach and will focus on sectors and stocks in the growth phase and diversify the portfolio by investing across market caps, sectors, and industries. The fund will be managed by Aditya Khemani and Mr. Amit Ganatra and will be benchmarked to Nifty 500 TRI.
Speaking at the launch, Aditya Khemani, Fund Manager, Invesco Mutual Fund said “Every business cycle presents an opportunity. At Invesco, we understand that macro trends such as GDP growth, inflation, and credit cycles significantly influence sectors, themes, and stocks. Equally important is recognizing a company's lifecycle in driving its stock performance. Therefore, it is prudent to not only understand economic and market cycles but also study the current phase of a company’s lifecycle to identify opportunities poised for success”
Amit Ganatra, Head of Equities & Fund Manager, Invesco Mutual Fund further said “Relying solely on economic or market cycles isn't enough, as each business has its own growth story. We prefer companies in the startup and growth phases, where potential is highest. Our goal is to identify and invest in sectors, themes, and companies well-positioned in the current business cycle, focusing on pro-cyclical companies (~70%) with some exposure to counter-cyclical companies (~30%).”
The minimum investment amount during the NFO is Rs.1,000/- and in multiples of Re.1/- thereafter. For SIP investments, the minimum application amount is Rs.500/- and in multiples of Re.1/- thereafter. The fund will charge an exit load of 0.50% for units redeemed / switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed / switched out after 3 months.
The New Fund Offer (NFO) is open for subscription from today (February 6, 2025) and will close on February 20, 2025.
