The Invesco India Contra Fund - Dividend Option is an open-ended equity scheme offered by Invesco Mutual Fund which is the 15th largest investment firm in India. The fund house manages assets worth Rs.27,555.61 crore as on 30 September 2018 and serves clients in over 120 countries.
The scheme follows a contrarian investment approach which goes against prevailing market trends by purchasing when others are selling, and selling when the others are purchasing. The scheme is available in both direct and regular plans where the former lets investors subscribe to the units of the scheme directly with the fund house while the latter involves an intermediary. The dividend option of the scheme entitles investors to receive a regular income in the form of dividends.
Investment Objective
To achieve capital gains for the investor through investments in equity and its related securities by leveraging a contrarian strategy of investment.
Key Features of the Scheme
The Invesco India Contra Fund is ideal for investors who wish to achieve optimal returns through investments in equities and have a moderately high appetite for risk. The following features are exhibited by the scheme:
|
Type of Fund |
An open-ended equity scheme |
|
Plans Available |
Regular Plan and Direct Plan |
|
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 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.
Benchmark: S&P BSE 500
Fund Manager of the Invesco India Contra Fund
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 for 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 - Dividend Option
Investors in the Invesco India Contra Fund - Dividend Option can enjoy a regular income while also growing their capital over the long term. Also, being an open-ended scheme, investors have the option to redeem their units on any given day at applicable NAVs. The fund is professionally managed to yield optimal returns and investment in this scheme can be done for as low as Rs.500 a month.
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GST rate of 18% applicable for all financial services effective July 1, 2017.
