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Invesco India Manufacturing Fund launched by Invesco Mutual Fund; here are the details
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4 min read | Updated on July 25, 2024, 16:37 IST
SUMMARY
Invesco Mutual Fund has launched the Invesco India Manufacturing Fund, an open-ended equity scheme aimed at generating capital appreciation by investing in manufacturing sector companies. The NFO opens from July 25 to August 8, 2024, with a minimum investment of ₹1,000.
The fund will invest 80% into equities following manufacturing theme
Invesco India Manufacturing Fund is an open-ended equity scheme offered by Invesco Mutual Fund. Aiming to generate capital appreciation, this sectoral/thematic fund invests in equities and equity-related instruments of companies in the manufacturing sector.
Launched on July 25, 2024, the New Fund Offer (NFO) for this scheme is open until August 8, 2024. The minimum investment required is ₹1,000 per application.
Manufacturing Sector: pivotal driver for economic growth
India, one of the world’s fastest-growing economies, is gearing for 2.5x growth over the next decade to reach $9 trillion by 2034.
The global need to diversify supply chains and find new manufacturing hubs has opened up a window of opportunity for India to capitalise on. With India’s rising competitiveness, global giants like Apple, Samsung, Foxconn, Xiaomi etc., have already shifted their manufacturing base to India.
At the same time, India is witnessing strong domestic demand and is one of the fastest growing consumer markets. Realising this, the Government is focused on building self-reliance by boosting domestic manufacturing with initiatives like ‘Make in India’, Production Linked Incentives (PLI) etc.
And supported by a favourable demographic dividend, Government policy impetus, emphasis on R & D, innovation, capex-led growth etc., the sector presents a timely opportunity to benefit from its growth potential. (Source: Morgan Stanley)
Nifty India Manufacturing TRI has outperformed Nifty 500 TRI & Nifty 50 TRI (CAGR returns):
Source: Invesco India Mutual Fund
Invesco India Manufacturing Fund
The investment objective of Invesco India Manufacturing Fund is to generate capital appreciation from a diversified portfolio of Equity and Equity Related Instruments of companies following the manufacturing theme. There is no assurance that the investment objective of the Scheme will be achieved.
Risk-o-meter:
Funds Allocation
| Instruments | Indicative allocation Maximum (% of total assets) | Indicative allocations Minimum (% of total assets) |
|---|---|---|
| Equities following manufacturing theme | 100 | 80 |
| Debt and Money Market | 20 | 0 |
Who should invest in this fund?
This NFO of Invesco India Manufacturing Fund is suitable for investors who are seeking long-term capital appreciation. Investing in equity and equity-related securities of companies engaged in manufacturing themes.
Benchmark
The performance of the Invesco India Manufacturing Fund will be benchmarked to the performance of Nifty India Manufacturing TRI.
Peer Fund Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | YTD Ret (%) | Since Launch Ret (%) |
|---|---|---|---|---|
| ICICI Prudential Manufacturing Fund Cum | 5942.57 | 1.82 | 30.25 | 24.22 |
| Kotak Manufacture in India Fund | 2337.49 | 1.97 | 28.74 | 30.13 |
| ABSL Manufacturing Equity | 1108.36 | 2.31 | 24.48 | 13.11 |
| Quant Manufacturing Fund | 786.81 | 2.28 | 35.85 | 69.24 |
| Axis India Manufacturing | 5193.03 | 1.77 | 35.06 | 36.13 |
| Canara Robeco Manufacturing | 1374.48 | 2.08 | - | 25.86 |
| HDFC Manufacturing fund | 10345.66 | 1.69 | - | 7.03 |
Who Manages the Scheme?
Amit Ganatra (AUM) - ₹27,404.70 crore, Schemes: 8
Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR. Prior to joining Invesco Asset Management (India) Pvt. Ltd., he has worked with HDFC Mutual Fund, DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.
Dhimant Kothari (AUM ) - ₹2,060 crore, Schemes: 8
Dhimant has 12 years' experience in financial and equity research. In his last assignment, Dhimant was working as Senior Manager - Research with Credit Analysis & Research Ltd., where he was responsible for analysis and preparation of research reports on various industries and companies. His other assignments include Lotus India Asset Management and CRISIL Ltd., where he was responsible for analyzing companies across various sectors and preparing research reports.
Conclusion
Invesco India Manufacturing Fund offers a strategic investment opportunity for those looking to capitalise on India's growing manufacturing sector, supported by robust domestic demand and government initiatives.
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