Invesco Mutual Fund has launched its new fund - Invesco India Equity & Bond Fund, an open ended hybrid equity scheme.
The fund seeks to generate capital appreciation and current income by investing both in equity and debt securities. While the scheme can invest up to 80% in equity instruments across market capitalization, it can take exposure of up to 35% in debt securities. The fund manager will adopt both bottom-up and top-down approach to select stocks and will combine both growth and value buys with an aim to generate consistent outcomes. The fixed income portfolio will prefer the highest rated (AAA) debt securities.
In a press release, Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund said, “Equity is one of the few asset classes known for its potential for wealth creation over long term. However, as we know equities can be volatile. On the other hand, investments in bonds which offer stable income can act as a shield to cushion the performance in periods of volatility in equity markets."
Taher Badshah and Amit Ganatra will manage the equity component while Krishna Cheemalapati will manage the fixed income portion.
The NFO will be open for subscription from June 11, 2018 to June 25, 2018.
