Invesco collective investment fund has launched Invesco India Technology Fundan open-ended capital scheme that invests in technology and technology-related sectors.
NFO period
The new fund offer or NFO of the scheme is open for subscription and will close on September 17. The scheme will be reopened for continuous sale and repurchase within five business days from the date of allotment.
Investment objective
The investment objective of the scheme will be to generate capital appreciation by investing in equity and equity-related instruments of companies in the technology and technology-related sectors, companies focused on driving transformative innovations in technology, automation, robotics, artificial intelligence, cloud computing and other technology-based businesses, including those benefiting from increased digital adoption.
Minimum amount
The minimum application amount for lump sum purchase will be Rs 1,000 per application and thereafter in multiples of Rs 1. For the change, the minimum application amount will be Rs 1,000 per application and thereafter in multiples of Rs 0.01.
Fund manager and reference
The scheme will be led by Hiten Jain and Aditya Khemani and will be evaluated based on the Nifty IT TRI index.Asset allocation
The scheme will allocate 80-100% in equity and equity-related instruments of companies in technology and technology-related sectors, including those benefiting from increased digital adoption, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
Investment strategy
The fund manager will adopt a combination of top-down and bottom-up approaches to identify companies with high growth potential in the areas of technology development and application and will focus on companies leading transformative innovations in fields such as technology, automation, robotics, artificial intelligence, cloud computing and other sectors, including those benefiting from increased digital adoption.
Who is it suitable for?
The scheme will be suitable for investors seeking long-term capital appreciation and wishing to invest predominantly in shares and equity-related instruments of companies engaged in the technology and technology-related sectors.
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