Invesco India Technology Fund Review – Invesco India Technology Fund Direct NFO Open on 3 September 2024 and Close on 17 September 2024. Invesco India Technology Fund Direct NFO Allotment Date is 23 September 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1000. The Minimum SIP Investment Amount is 500.
Type of the Scheme
An open ended equity scheme investing in technology and technology related sectors.
Scheme Benchmark : Nifty IT TRI – The Nifty IT index captures the performance of the Indian IT companies. The Nifty IT Index comprises of 10 companies listed on the National Stock Exchange (NSE). The Nifty IT index is computed using free float market capitalization, wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value.
Invesco India Technology Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| Infosys Ltd. | 28.45 |
| Tata Consultancy Services Ltd. | 24.57 |
| HCL Technologies Ltd. | 9.88 |
| Tech Mahindra Ltd. | 9.35 |
| Wipro Ltd. | 7.81 |
| LTIMindtree Ltd. | 5.81 |
| Persistent Systems Ltd. | 5.56 |
| Coforge Ltd. | 4.30 |
| MphasiS Ltd. | 2.65 |
| L&T Technology Services Ltd. | 1.61 |
Invesco India Technology Fund Nfo Important Date
| Scheme Offer | Invesco India Technology Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 3 Sep 2024 |
| Close Date | 17 Sep 2024 |
| Allotment Date | 23 Sep 2024 |
| Category | Sectoral Fund |
| Min Inv ₹ | 1,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty IT TRI |
Investment Objective of the Scheme ?
To generate capital appreciation by investing in equity and equity related instruments of companies in the technology and technology related sectors, companies focused on driving transformative innovations across technology, automation, robotics, artificial intelligence, cloud computing and other technology companies including those benefitting from the increased digital adoption. There is no assurance that the investment objective of the Scheme will be achieved.
Invesco India Technology Fund Nfo Other Details
| Exit Load | 0.50% |
|---|---|
| Exit Load Details | Exit Load of 0.50%, If Redeemed Within 3 Months |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1,000 |
| Min. SIP | Rs. 500 |
Invesco India Technology Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related instruments of companies in technology and technology related sectors including those benefitting from increased digital adoption | 80% | 100% |
| Other equity and equity related instruments | 0% | 20% |
| Debt and Money Market Instruments | 0% | 20% |
| Units issued by REITs and InvITs | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Mr. Hiten Jain
Qualification : B.E. (Electronics & Telecom), Global M.B.A. (Finance), C.F.A. (USA)
Experience : More than 15 years of experience in industry and equity research.
Fund Manger : Mr. Aditya Khemani
Qualification : B.Com., PGDM – Finance (IIM, Lucknow)
Experience : More than 18 years of experience in securities market.
Invesco India Technology Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 18.34 | 20.48 | 37.29 | 21.73 | 23.52 |
| Total Return | 18.52 | 22.15 | 40.12 | 24.18 | - |
Where Will the Scheme Invest ?
- Equity.
- Equity Related Instruments.
- Equity Derivatives.
- Foreign Equity and Equity related instruments.
- Non-convertible debentures.
- Non-Convertible Preference Shares (NCPS)*.
- Floating rate debt instruments.
- Securitised Assets.
- Pass Through Certificate (PTC).
- Securities created and issued by the Central and State Governments as may be permitted by RBI.
- Debt Instruments having special features i.e. Additional Tier I (AT1) / Perpetual Bonds and Tier 2 (AT2) Bonds.
- Debt Instruments having Structured Obligation (SO rating) and / or Credit Enhancements (CE rating).
- Certificate of Deposits.
- Commercial Paper.
- Treasury Bills (T-Bills).
- Tri-party Repo.
- Repo (Repurchase Agreement) or Reverse Repo including Repo in corporate bond securities.
- Clearcorp Repo Order Matching System (CROMS).
- Bills Rediscounting.
- Cash Management Bills.
- Real Estate Investment Trust (ReITs).
- Infrastructure Investment Trust (InvIT).
- Any other schemes of Invesco Mutual Fund or of any other mutual fund.
- Pending deployment of funds, the Scheme may park funds in Short Term Deposits of Scheduled commercial banks.
- Any other securities as may be permitted by SEBI / RBI from time to time.
Also Read: Motilal Oswal Nifty 500 Momentum 50 Index Fund Review
Invesco India Technology Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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