Focus on growth and value stocks
Invesco Mutual Fund has launched Invesco India Focused 20 Equity Fund to generate capital appreciation by investing in up to 20 stocks with a flexibility to move across the market capitalization range.
Subscription to the new fund opened 9 Sept and closes on 23 Sept 2020.
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.
Currently, a large portion of the portfolio will be invested in large-cap stocks (approx. between 50% – 70%), exposure to midcap stocks will be in the range of 30% to 50%, while exposure to small-cap stocks will be in the range 0 – 20% of the portfolio (based on current views and may change from time to time).
Further, the portfolio will comprise of both growth and value stocks. The fund will be benchmarked to S&P BSE 500 TRI.
The fund will be managed by Taher Badshah, who has over 26 years of experience in the Indian equity markets.
“If you analyze the data you will find a handful of stocks have contributed to most of the returns at different points in time,” Invesco Mutual Fund CEO Saurabh Nanavati said on 10 Sept 2020.
“Further, there is also a huge divergence in returns across and within the sectors which lays emphasis on the right stock selection. Our investment expertise and research prowess enable us to identify the right investment ideas with the potential of generating wealth and helping investors get closer to their financial objectives.
“Over the last 12 years, our thorough research, risk management processes and comprehensive in-house coverage of Indian equities have enabled us to deliver strong and consistent returns across our equity strategies.
“We are also proud to announce that we have crossed over 10 Lac Investor accounts– a reliable testimony of our commitment to the Indian market and faith reposed by Retail investors in our equity funds,” said Nanavati.
Invesco Asset Management (India) is one of the leading asset management companies in India. With over Rs.39,515 crores of assets under management across Mutual funds, PMS and Offshore Advisory (as at 31 Aug 2020), it serves the investment needs of individual investors, corporate and institutions through mutual funds and sub-advised portfolios. #fund @stock #bank #investment /fiinews.com
