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Invesco MF launches India Business Cycle Fund

Invesco Mutual Fund has launched a new fund named the Invesco India Business Cycle Fund, which is an open-ended equity scheme designed to invest in companies based on their position within the economic cycle. The New Fund Offer (NFO) for this scheme opened on January 24, 2024, and will close on February 7, 2024. The fund aims to capitalize on the cyclical nature of businesses by dynamically adjusting its portfolio to align with the prevailing economic conditions. It will be benchmarked against the Nifty 500 TRI and managed by a team including Taher Badshah, Amit Ganatra, and Dhimant Kothari. The minimum investment amount is set at Rs 1,000, with subsequent investments in multiples of Re 1. This fund offers investors an opportunity to potentially benefit from economic cycles through a diversified equity investment approach.

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