Invesco India Contra Fund - Direct Plan - Dividend Option is an open-ended equity scheme offered by Invesco Mutual Fund, India’s 15th largest asset management firm. The scheme follows a contrarian investment strategy which goes against prevailing market trends by purchasing when others are selling, and selling when the others are purchasing. The direct plan of the scheme allows investors to invest with the fund house directly while the dividend option allows investors to receive a regular income on their investments.
Investment Objective
To produce capital growth for the investor through investments in equity and its related securities by employing a contrarian strategy of investment.
Key Features of the Scheme
The Invesco India Contra Fund is ideal for investors who prefer investing in equities and who seek capital gains over the long term. The key features of the scheme are as follows:
| Type of Fund | An open-ended equity scheme |
| Plans Available | Regular and Direct Plan |
| Options under each Plan |
|
| Risk | Moderately High |
| Systematic Investment Plan | Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Plan | Available |
Investment Amount for Invesco India Contra Fund
| Minimum Application Amount | Rs.5,000 per application and in multiples of Re.1 thereafter |
| Minimum Additional Investment | Rs.1,000 per application and in multiples of Re.1 thereafter |
| Minimum Installment for Systematic Investment Plan (SIP) | Monthly - Rs.500 (minimum 12 SIP instalments of Rs.500 each) Quarterly - Rs.1,500 and in multiples of Re.1 thereafter |
| Minimum Installment for Systematic Withdrawal Plan (SWP) | Rs.1,000 for weekly and monthly frequencies, Rs.1,500 for quarterly frequency |
| Entry Load | Not Applicable |
| Exit Load | 1% exit load will apply if an investor redeems/switches units before 1 year from unit allotment date. No exit load will be charged thereafter. |
Asset Allocation for Invesco India Contra Fund
| Instruments | Indicative Allocation Percentage of total assets | Risk Profile | |
| Minimum | Maximum | ||
| Equity and its related securities | 65% | 100% | High |
| Debt and money market securities | 0% | 35% | Low to Medium |
NAV Disclosure and Benchmark for Invesco India Contra Fund
The NAV of the Invesco India Contra Fund is derived by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV will be calculated up to 2 decimal places and disclosed at the end of each business day. The NAV will be updated on the website of the AMFI (www.amfiindia.com) and Invesco Mutual Fund (www.invescomutualfund.com) by 9:00 p.m. every business day.
The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation. The scheme’s monthly portfolio will also be available on the official website of Invesco Mutual Fund on or before the 10th day of the succeeding month.
Benchmark: S&P BSE 500
Fund Manager
Mr. Taher Badshah and Mr. Amit Ganatra
The Invesco India Contra Fund is managed by Mr. Taher Badshah and Mr. Amit Ganatra. Mr. Taher Badshah has over 23 years of experience in the financial services domain and has been managing the scheme for 1.3 years. Prior to working with Invesco Mutual Fund, Mr. Badshah worked with Motilal Oswal Asset Management Company.
Mr. Amit Ganatra has been managing the Invesco India Contra Fund since 5.7 years and joined Invesco Mutual Fund in January 2007. Mr. Ganatra has over 15 years of experience in equity markets.
Why you should invest in the Invesco India Contra Fund
- Liquidity - Since the scheme is open-ended, investors subscribing to the units of Invesco India Contra Fund can enjoy liquidity by redeeming the units or switching out on any business day at applicable NAVs.
- Can invest small - With an investment of just Rs.500 a month through an SIP and Rs.5,000 in lump sum, investors can create wealth over the long term by investing in this scheme.
- Additional benefits - The Invesco India Contra Fund comes with added benefits like SIP, SWP, STP, National Automated Clearing House (NACH) Facility, ISIP facility, Flex STP, etc. All these added benefits make the scheme lucrative for the investor.
- Professional management - With many years of experience in the mutual fund space, both the fund managers of the scheme will ensure that your investments yield optimal returns.
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