MUMBAI: Invesco Mutual Fund today announced the launch of its new fund Invesco India Technology Fund, (an open-ended equity scheme investing in technology and technology-related sectors).

Invesco India Technology Fund seeks to generate capital appreciation by investing 80% – 100% in equity & equity related instruments of companies in technology and technology-related sectors, companies focused on driving transformative innovations across technology, automation, robotics, artificial intelligence, cloud computing, and other technology companies including those benefiting from increased digital adoption. This fund will adopt both top-down and bottom-up approaches and will invest across market capitalization balancing large-cap stability with midcap growth and small-cap potential. The fund will target investments in Indian Technology Companies alongside global technology leaders and innovators*. The fund will be benchmarked to Nifty IT TRI and will be managed by the fund managers, Hiten Jain and Aditya Khemani.

Speaking at the launch, Taher Badshah, Chief Investment Officer, of Invesco Mutual Fund said, “After a phase of subdued growth, the global IT services sector appears ready for recovery as the global economic environment stabilizes and as conditions build for a potential reversal of the hitherto rising global interest rate cycle. Not only has the Indian IT services sector gained share during this period in helping global companies manage costs, but it is also well positioned to accelerate growth going forward as adoption of new technologies revive global discretionary technology spends.”

Hiten Jain, Fund Manager, Invesco Mutual Fund further said, “Today’s world is driven by technology, and businesses are embracing newer technologies, creating new growth opportunities for IT companies. The sector is gaining strength, supported by digitalization, government initiatives, and other factors. Moreover, valuations are reasonable, and we anticipate a cyclical recovery in earnings driven by improving business sentiment.”

The minimum investment amount during the NFO is Rs. 1,000/- and in multiples of Re. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Re. 1/- thereafter. The fund will charge an exit load of 0.50% for units redeemed/switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed/switched out after 3 months.

The New Fund Offer (NFO) is now open for subscription from today (3 September 2024) and will close on 17 September 2024.

The post Invesco Mutual Fund launches Invesco India Technology Fund appeared first on NRI News.

• NFO opens on October 06, 2023, and closes on October 20, 2023
• The Scheme intends to generate long-term capital appreciation from a diversified portfolio of small-cap companies

PUNE: Baroda BNP Paribas Mutual Fund announced the launch of Baroda BNP Paribas Small Cap Fund, an open-ended equity scheme predominantly investing in small-cap stocks. The fund will be managed by Shiv Chanani (Senior Fund Manager). Shiv has over 24 years of experience and has deep experience in mid and small-cap space. The fund will be benchmarked against the Nifty Small Cap 250 TR Index.

The salient features of the Small-Cap Fund include –

• The fund will invest more than 65% of the net assets into small-cap companies
• The fund will follow a bottom-up stock-picking approach. Emphasis will be on selecting companies with strong fundamentals, quality business models, and strong management teams.
• The fund will be sector-agnostic
• It aims to build wealth for investors by tapping into companies that have the potential to become leading companies in the future.

“Baroda BNP Paribas Small Cap Fund is an ideal option for long-term investors looking to benefit from large structural growth opportunity in the Indian economy. Small Cap segment offers investment options across a wide range of sectors and is characterised by relatively high growth rates. Over the last 10 years, Nifty Small Cap TRI index has delivered an impressive 21% CAGR. We believe our disciplined investment process that focussed on BMV (Business, Management and Valuation), strong risk management framework and an experienced investment team positions us well to serve our investors” said Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund.

The scheme is suitable for investors looking for long-term wealth creation through Indian equity market. Small Cap stocks typically have higher growth potential but tend to display more volatility in short-term and therefore investors should consider investment horizon of more than three years.

The NFO opens on October 06, 2023, closes on October 20, 2023. The Scheme offers the following two plans: Baroda BNP Paribas Small Cap Fund – Regular Plan and Baroda BNP Paribas Small Cap Fund – Direct Plan. Each Plan offers Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option The IDCW option offers two options: Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option. 

The post Baroda BNP Paribas MF launches Baroda BNP Paribas Small Cap Fund appeared first on NRI News.