Invesco India Focused 20 Equity Fund has collected Rs.602 crore in its NFO. The fund received 29,240 applications from investors across 855 cities in India.
In a press release, Saurabh Nanavati, CEO, Invesco Mutual Fund said, “We would like to thank all our investors and distributors for their belief in us and are humbled by the response received by our new fund. Invesco is an independent asset manager and all the collections received during the NFO have come from third party distributors, including banks, national distributors, MFDs and our digital partners.”
Invesco India Focused 20 Equity Fund seeks to generate capital appreciation by investing in up to 20 stocks with a flexibility to move across the market capitalization range. The fund will adopt a high conviction approach to investing with meaningful allocation to each stock idea yet maintaining a balance between conviction and diversification, says the press release.
The fund is benchmarked to S&P BSE 500 TRI and will be managed by Taher Badshah.
