Invesco Mutual Fund is the 15th largest investment management firm in India and maintains its presence across the country through its 63 branches. It is wholly owned by Invesco Limited, a global investment management company headquartered in Atlanta and serves clients in more than 120 countries. Invesco Mutual Fund has an average asset base of over Rs.24,918 crore as of June 2018 and offers 27 schemes across categories of fixed income, hybrid, equity, ETFs (Exchange Traded Funds), and FoFs (Fund of Funds).
Invesco India Contra Fund-Direct Plan-Growth is an open-ended equity scheme that follows a contrarian strategy of investment. The contrarian strategy is one which goes against prevailing market trends by purchasing when others are selling, and selling when others are purchasing. The direct plan of the scheme offers a lower expense ratio to the investor while the growth option offers capital appreciation to the investor at the end of the scheme period.
Investment Objective
To produce capital gains for the investor through investments in equity and its related securities by employing a contrarian investment strategy.
Key Features of the Scheme
The Invesco India Contra Fund is ideal for investors who wish to grow their capital over a long term and exhibits the below features:
|
Type of Fund |
An open-ended equity scheme |
|
Plans Available |
Growth and Dividend |
|
Options under each Plan |
The dividend option has payout and reinvestment facility |
|
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 scheme’s NAV is obtained 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 every business day. The NAV will be updated on the website of AMFI (www.amfiindia.com) and website of 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.
Liquidity: Being an open-ended scheme, units can be redeemed/switched out at applicable NAVs on all business days.
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 been managing the scheme for 1.3 years and has over 23 years of experience in the financial services domain. Prior to working with Invesco Mutual Fund, Mr. Badhshah worked with Motilal Oswal Asset Management Company.
Mr. Amit Ganatra joined Invesco Mutual Fund in January 2007 and has been managing the Invesco India Contra Fund since 5.7 years. Mr. Ganatra has over 15 years of experience in equity markets.
Why you should invest in Invesco India Contra Fund
- Can invest small - With an investment of just Rs.500 a month through an SIP and Rs.5,000 in lump sum, investors have an opportunity to create wealth over a long term. Therefore, investors need not worry about having a huge sum to invest in mutual funds.
- Professional management - The fund managers of the scheme have many years of experience in managing mutual fund investments. Hence, you can rest assured that your investments will be handled efficiently to achieve the most favourable returns.
- Additional benefits - The Invesco India Contra Fund comes with additional benefits like SIP, SWP, STP, National Automated Clearing House (NACH) Facility, ISIP facility, Flex STP, etc. All these added benefits make the scheme an attractive investment option.
- Liquidity - Being an open-ended scheme, the units of Invesco India Contra Fund can be redeemed or switched out on every business day at applicable NAVs. Thus, offering liquidity to the investor.
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