Invesco has launched Invesco India Focused 20 Equity Fund which seeks to generate capital appreciation by investing in upto 20 stocks with a flexibility to move across the market capitalization range.
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 adopt a high conviction approach to investing with meaningful allocation to each stock idea yet maintaining a balance between conviction and diversification.
The portfolio will comprise of both growth and value stocks. The fund will be benchmarked to S&P BSE 500 TRI and will be managed by Taher Badshah, who has over 26 years of experience in the Indian equity markets.
The fund opened for subscription on September 9 and closes on September 23.
