Invesco India Contra Fund – Growth is one of the nine equity funds offered by Invesco Asset Management (India) Private Limited, which has a lot of quality investment options under different asset classes including equity, debt, fixed income, fund of funds, ETFs, and hybrid funds.
Investment Objective of Invesco India Contra Fund – Growth
The investment objective of Invesco India Contra Fund – Growth is to generate capital growth through investment mainly in equity and equity-related securities via contrarian investing.
Key Features of Invesco India Contra Fund – Growth
Here are some of the key features of Invesco India Contra Fund – Growth:
| Type of Fund | Open-ended equity scheme |
| Plans Available | Invesco India Contra Fund offers the regular plan and the direct plan |
| Options Under Each Plan | The regular plan and the direct plan both offer the growth option and the dividend option. The dividend option further offers the payout facility and the reinvestment facility. |
| Systematic Investment Plan | Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Plan | Available |
Investment Amount for HDFC Liquid Fund – Growth
| Minimum Application Amount (for Growth option) | Rs.5,000 |
| Minimum Additional Investment (for Growth option) | Rs.1,000 |
| Minimum Instalment for Systematic Investment Plans | Rs.500 |
| Minimum Instalment for Systematic Withdrawal Plan | Rs.500 |
| Entry Load | Nil |
| Exit Load | Redemptions and switches within a year from the date on which the units were allotted shall attract an exit load of 1% of the applicable NAV. |
Asset Allocation for Invesco India Contra Fund – Growth
| Instruments | Allocations (Percentage of total assets) | Risk Profile |
| Equity and equity-related securities | 65% to 100% | High |
| Money market and debt securities | 0% to 35% | Low to medium |
Who can Invest in Invesco India Contra Fund – Growth?
- Indian residents above 18 years of age
- Non-resident Indians
- Legal guardians or parents on behalf of minors
- Kartas of Hindu Undivided Families
- Partnership firms
- Proprietors
- Body of Individuals (BOI) and Association of Persons (AOP)
- Companies, Public Sector Undertakings, Corporate bodies, and societies with registration under the Societies Registration Act, 1860
- Schemes of other mutual funds provided they are registered with the Securities and Exchange Board of India
- Banks (Regional Rural Banks and Co-operative Banks included)
- Charitable and Religious Trusts, endowments or wakfs of private trusts, and private trusts that have the authority to make investments in MF schemes under their trust deeds
- Foreign Portfolio Investors (FPIs)
- Navy, Air Force, Army, and other paramilitary bodies or units
- Industrial and scientific research organisations
- Corporate bodies and multilateral funding agencies formed outside the country with the authorisation of the Reserve Bank of India and the Government of India
- Gratuity, Pension, or Provident Fund
- Sponsor, Asset Management Company, Trustee, or their associates
- Other schemes of the company’s mutual fund provided they adhere to the limits and conditions set by the Securities and Exchange Board of India
- Any other corporate bodies, institutions, or individuals as permitted by the fund house from time to time
NAV Disclosure and Benchmark for Invesco India Contra Fund – Growth
The Net Asset Value of a scheme is calculated by the Asset Management Company on a regular basis. The scheme’s NAV and redemption or purchase price are required to be published in a minimum of two daily newspapers that are circulated across the country in keeping with the regulations of the Securities and Exchange Board of India. The NAV of each scheme will also have to be updated on the website of the fund house on a daily basis. It also has to be updated on the website of the Association of Mutual Funds in India prior to 9:00 p.m on each business day.
enchmark Index of Invesco India Contra Fund – Growth: S&P BSE 500 Index
Invesco India Contra Fund – Growth Fund Manager
Invesco India Contra Fund – Growth is managed by Mr. Taher Badshah and Mr. Amit Ganatra. Mr. Badshah has over 23 years of experience in the financial services industry and has been in charge of Invesco India Contra Fund since January 2017. Mr. Ganatra, on the other hand, has over 15 years of experience in the Indian equity markets and has been managing the Invesco India Contra Fund since January 2007.
Investment Restrictions of HDFC Liquid Fund – Growth
The following are the major investment restrictions of Invesco India Contra Fund – Growth:
- Over 10% of the NAV cannot be invested in equity and equity-related securities of companies and in units of venture capital funds or listed securities.
- Over 10% of the NAV cannot be invested in the paid-up capital that carry the voting rights of any company.
- Investments cannot be made in unlisted securities of the sponsor’s group or associate company.
- Investments cannot be made in any security issued through private placement by the sponsor’s group or associate companies.
- Investments cannot be made in listed instruments of the sponsor’s group companies if it exceeds 25% of the net assets.
Dividend Policy of Invesco India Contra Fund – Growth
Dividends may be declared by the Trustees based on whether or not distributable surplus is available. The calculation of distributable surplus is done in keeping with the regulations established by the Securities and Exchange Board of India. The record date as well as the quantum of dividend shall be confirmed by the Trustee. The AMC will have to issue a notice to communicate with the public its decision regarding the dividend in an English newspaper and a newspaper published in the local language of the area in which the fund house’s head office is located.
Other Facilities Offered by Invesco India Contra Fund – Growth
The following are some of the key facilities offered by Invesco India Contra Fund – Growth:
- Dematerialisation of units: Invesco India Contra Fund – Growth offers investors the choice to subscribe for units in demat mode. Units shall be available to investors electronically, and investors who want to hold units in the electronic form are required to have a beneficiary account with a Depository Participant of CDSL/NSDL, and the application form will have to contain the name, ID, and beneficiary account number of the Depository Participant when subscribing for the scheme’s units.
- Electronic application: The investor will have to fulfil a few terms and conditions set by the Asset Management Company to carry out transactions electronically.
- Redemption or purchase of units via Stock Exchange Infrastructure: Investors are allowed to redeem or purchase units on NMF – II of National Stock Exchange, Mutual Fund Services System, or BSE Stock Exchange Platform for Allotment and Repurchase of Mutual Funds of BSE Ltd.
- National Automated Clearing House facility: Unitholders are allowed to make payments using the National Automated Clearing House facility known as the Unique Mandate Reference Number that can be used to make lump-sum purchases and also for SIP transactions.
- Top-up facility: This facility allows investors to raise their SIP instalment amount by a fixed sum over the course of the SIP tenure. The minimum top-up amount allowed is Rs.100.
- SIP Pause: This facility allows investors to stop their SIP on a temporary basis for a certain number of instalments. This facility can only be used twice over the course of an SIP’s tenure, and a request for the same must be submitted to the fund house 30 days before the following SIP instalment due date.
Why you should invest in Invesco India Contra Fund – Growth
Investment in Invesco India Contra Fund – Growth is ideal if you want to generate capital growth through investment mainly in equity and equity-related securities via contrarian investing.
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