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Invesco Mutual Fund has launched two target maturity debt index funds – Invesco India Nifty G-sec Jul 2027 Index Fund and Invesco India Nifty G-sec Sep 2032 Index Fund.
Target maturity funds are open ended schemes that track performance of government bonds and come with a fixed maturity period.
The NFO of Invesco India Nifty G-Sec Jul 2027 Index Fund will close on March 17 whereas the NFO of Invesco India Nifty G-Sec Sep 2032 Index Fund will close on March 24.
In a press release, Taher Badshah, Chief Investment Officer, Invesco Mutual Fund said, “The sharp increase in interest rates over the past one year now warrants for increased allocation towards fixed income as an asset class that has the potential of generating meaningful income. These funds have been carefully designed to capitalize on the prevailing high interest rates in the market and are particularly suited to investors with a specific financial goal that aligns with the fund’s maturity timeline and superior asset quality.”
Vikas Garg, Head of Fixed Income, Invesco Mutual Fund said “The market is offering attractive carry opportunities, as interest rates are approaching their peak and future rate actions expected to be more calibrated and data dependent.”
