Invesco India - Invesco EQQQ NASDAQ-100 ETF Fund of Fund Floats On

8 Mar 2022 , 11:36 AM

Invesco Mutual Fund has launched a new fund named as Invesco India – Invesco EQQQ NASDAQ-100 ETF, an open ended fund of fund scheme investing in Invesco EQQQ NASDAQ-100 UCITS ETF. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 30 March 2022 to 13 April 2022.

This Scheme Information Document is dated 02 March 2022

Category of the Scheme: FoF (Overseas)

The investment objective of the scheme is to generate returns by investing predominantly in units of Invesco EQQQ NASDAQ-100 UCITS ETF, an overseas exchange traded fund, which seeks to provide investment results which, before expenses, generally correspond to the price and yield performance of the NASDAQ-100 Notional Index (Net Total Return) in USD.

The Scheme will have Regular Plan and Direct Plan Each of the above plans under the scheme offers growth option.

The scheme would allocate 95%-100% of assets in Shares of Invesco EQQQ NASDAQ-100 UCITS ETF with high risk profile, invest 0%-5% % of assets in debt & money market instruments / Units of debt and liquid schemes of Invesco MF with low to medium risk profile.

The minimum application amount is Rs 1000/- per application and in multiple of Re.1/- thereafter.

The minimum additional application amount is Rs 1000/- per application and in multiples of Re. 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load: Not applicable.

Exit load: Nil

Benchmark Index for the scheme is NASDAQ-100 Notional Index (Net Total Return).

The fund managers of the scheme are Neelesh Dhamnaskar & Krishna Cheemalapati.

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