Invesco India Nifty G-sec Jul 2027 Index Fund NFO: All you need to know

17 Mar 2023 , 02:04 PM

Invesco Mutual Fund is launching NFO under its “index fund category”, named as Invesco India Nifty G-sec Jul 2027 Index Fund. This open-ended fund generate returns orrespond (before fees and expenses) to the performance of Nifty G-sec Jul 2027 Index, subject to tracking difference.

Investment strategy: The scheme is a target maturity fund and will be managed passively by tracking the performance of Nifty G-sec Jul 2027 Index in line with the norms prescribed by SEBI. 

Asset allocation: Invesco India Nifty G-sec Jul 2027 Index Fund seeks to provide risk-adjusted returns by investing in Government securities, TREPS on Government securities/Treasury Bills and money market instruments with relatively high interest rate risk and relatively low credit risk.

Who should invest?

Investors with moderate risk appetite and want to invest in target maturity fund by allocating their funds in government securities and money market instruments should invest in the fund.

Risk associated: Moderate level of risk.

Benchmark: Nifty G-sec Jul 2027 Index.

Fund Managers: Mr. Krishna Cheemalapati and Mr Vikas Garg.

The NFO is available for subscription from March 16 to March 17. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Invesco India Nifty G-sec Sep 2032 Index Fund.