Invesco Mutual Fund has launched Invesco India Focused 20 Equity Fund, an open-ended equity scheme investing in a maximum 20 stocks across market capitalization.
A large portion of the portfolio will be invested in large-cap stocks i.e. between 50% - 70%, 30% to 50% in mid cap stocks and 0-20% in small cap stocks. Taher Badshah, who has over 26 years of experience in the Indian equity markets will manage the fund.
In a press release, Saurabh Nanavati, CEO, Invesco Mutual Fund said, “If you analyze the data you will find a handful of stocks have contributed to most of the returns at different points in time. Further, there is also huge divergence in returns across and within the sectors which lays emphasis on the right stock selection. Our investment expertise and research prowess enables us to identify the right investment ideas with the potential of generating wealth and helping investors get closer to their financial objectives.”
The fund house will charge exit load of 1% on 90% of the units redeemed within 1 year from the date of allotment. There will be no exit load on redemption of units after 1 year from the date of allotment.
