Invesco Mutual Fund

Equity mutual funds are those that invest in stocks or shares of large, mid, and small cap companies. In this category, Invesco Mutual Fund offers 9 schemes, the features of which have been individually explained below:

1. Invesco India Contra Fund - This is an open-ended scheme that follows a contrarian investment strategy which is an investment style wherein poorly performing assets are purchased and sold at a time when they perform well.

1. Investment objective - To produce capital gains for the investor through investment in equity and its related securities by following a contrarian investment style.
2. Ideal for - Investors who wish to achieve capital gains over a long term and prefer investing in equity and its related securities.

Scheme features:

Invesco India Financial Services Fund

1.  - This is an open-ended equity scheme that mainly invests in stocks of firms with large market capitalisation and engaged in banking and financial services. The scheme follows a sector theme and invests in insurance firms, banks, NBFCs (Non-Banking Financial Companies), housing finance companies, microfinance companies, etc.

1. Investment objective - To create capital appreciation for the investor through investment in a portfolio comprising of equity and its related securities of firms engaged in the business of financial services and banking.
2. Ideal for - Investors who wish to achieve capital gains over a long term through investment in stocks of firms engaged in banking and financial services.

Scheme features:

Hybrid Funds by Invesco Mutual Fund

Hybrid funds are those that invest in a mix of securities such as equity, debt, bonds, etc. These funds provide investors with diversification of portfolio by investing in various classes of assets. Invesco Mutual Funds offer 4 types of funds in this category and all of the funds have been explained below:

1. Invesco India Arbitrage Fund - This is an open-ended scheme that invests in arbitrage opportunities by exploiting the difference in pricing between the derivatives and cash market.

1. Investment objective - To generate income for the investor through investment in arbitrage opportunities that arises due to the differential pricing between derivatives and cash market and also by deploying surplus cash in fixed income securities.
2. Ideal for - Investors who wish to receive income over a medium term through investment in arbitrage opportunities.

Scheme features:

1. Invesco India Equity and Bond Fund - This is a hybrid scheme that brings together 2 asset classes (equity and debt) to provide stability and performance to investors. The scheme is eligible for taxation under the equities category.

1. Investment objective - To produce capital appreciation for the investor through investment in a mix of equity, equity-related securities, and fixed income securities.
2. Ideal for - Investors who prefer investing in a combination of equity and fixed income securities to grow their capital over medium to long term.

Scheme features:

Tax Saving Schemes by Invesco Mutual Fund

Tax saving schemes or equity-linked savings schemes (ELSS) let the investors enjoy tax benefits under Section 80C of the Income Tax Act, 1961. They offer dual benefits of tax saving and wealth creation. Compared to other tax saving instruments, tax saving schemes have a higher return potential and always come with a statutory lock in period of at least 3 years.

Invesco Mutual Fund offers one scheme under this category known as the Invesco India Tax Plan. The details of the fund have been given below:

1. Invesco India Tax Plan - This is an open-ended equity linked saving scheme that has a 3 year statutory lock-in period and offers tax benefits to the investor. The investments in this scheme of up to Rs.1.5 lakh is deductible from the taxable income under Section 80C of the Income Tax Act, 1961.

1. Investment objective - To offer tax benefits as well as produce capital gains for the investor by investing mainly in equity and its related instruments.
2. Ideal for - Investors who wish to enjoy tax benefits while creating wealth over a long term.

Scheme features:

Eligibility for investing in Invesco Mutual Fund

The below-mentioned persons/entities are eligible to invest in the schemes of Invesco Mutual Fund:

1. Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
2. Hindu Undivided Family (HUF) through Karta
3. Minors through a legal guardian or parent
4. Persons of Indian Origin (PIO)/Non-Resident Indians (NRIs), on repatriation or non-repatriation basis
5. Companies, Association of Persons (AOP), corporate bodies, Public Sector Undertakings (PSUs), Societies registered under the Societies Registration Act, 1860
6. Partnership firms in the name of any one of the partners
7. Proprietorship in the name of the sole proprietor
8. Religious and Charitable Trusts, Wakfs or endowments of private trusts
9. SEBI registered Foreign Portfolio Investor
10. Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
11. Scientific and Industrial Research Organisations
12. Army, Navy, Air Force, and other paramilitary funds
13. International Multilateral Agencies approved by the RBI and Government of India
14. Mutual fund schemes registered with SEBI (Securities and Exchange Board of India)
15. Pensions/Gratuity/Provident Fund to a permissible extent
16. AMC/Trustee or Sponsor or their associates

Documents required for investing in Invesco Mutual Fund

To invest in the schemes of Invesco Mutual Fund, the investor needs to first comply with the KYC (Know Your Customer) guidelines. New investors can now complete this process electronically (e-KYC) through the official website of Invesco Mutual Fund using Aadhaar and PAN (Permanent Account Number). The investor just needs to enter these details into the website after which an OTP (One Time Password) will be generated. The investor needs to enter the OTP received and the verification will be done from the back end. To make an investment, the investor needs to email the scanned copy of cancelled cheque bearing his/her name to mfservices@invesco.com to complete the folio opening process.

The e-KYC is valid for investments up to Rs.50,000 but for investments above that, the investor needs to complete the In-Person Verification (IPV) and visit the nearest Investor Service Centre along with the below documents:

1. PAN card
2. Passport size photo
3. Signed e-KYC form
4. Proof of Identity (Driving Licence/Voters ID/Passport/Aadhaar)
5. Proof of Address (Ration card/Voters ID/Aadhaar/Passport/Driving Licence/Latest Gas or Electricity bill/Latest bank account statement or passbook/Rental agreement)

How to invest in Invesco Mutual Fund online?

To invest in Invesco Mutual Fund through the online medium, the investor can follow the below steps:

1. Visit the official site of Invesco Mutual Fund at www.invescomutualfund.com
2. On the right-hand side of the page, click on the ‘Invest Online’ button
3. A new window would open with 3 options. If the investor is a first-time user, he/she needs to click on the ‘New Investor’ tab
4. The investor will be asked to enter his/her email ID and mobile number and click on the ‘Proceed’ button
5. The investor then needs to fill up the necessary information including the PAN, bank account details, investment details, etc.
6. After filling in the information, he/she has to click on the ‘Save & Continue’ button
7. The user will then be guided to a payment gateway to make a successful purchase request and once the fund transfer is done, the user will receive an email confirmation on the registered email address
8. The user then has to send a copy of the cancelled cheque bearing his/her name on the cheque leaf/bank statement to mfservices@invesco.com within 10 days from the purchase request date
9. If the documents are not received, the subscription amount will be refunded to the same account from which the purchase has been made.

Why invest in Invesco Mutual Fund?

1. Tax benefits - The Invesco India Tax Plan which is an equity-linked savings scheme lets the investor enjoy tax benefits under Section 80C of the Income Tax Act, 1961.
2. Professional management - Schemes of Invesco Mutual Fund are managed by highly qualified fund managers with many years of experience in managing funds. This means that your investments are in the right hands and have a potential to earn optimal returns.
3. Wide variety of schemes - Invesco Mutual Fund offers more than 27 schemes across asset classes which means you have many options to choose from. While some schemes offer tax benefits, some offer high capital growth while some offer lower risks. Depending on your appetite, you can choose a scheme that suits your needs.
4. Quality customer care - The customer assistance team at Invesco Mutual Fund will offer professional, efficient, and friendly support so that all the queries and grievances of investors are addressed effectively.