Invesco Mutual Fund
Invesco Mutual Fund
Introduction
Invesco Mutual Fund is the Indian arm of Invesco Ltd., a leading independent global investment management firm with a presence in over 20 countries and serving clients in more than 120 countries. Invesco Ltd. is publicly traded on the NYSE and is a constituent of the S&P 500.
In India, Invesco's journey in the mutual fund space significantly cemented its position through the acquisition of the entire stake in Religare Asset Management Company (AMC) in 2013. Prior to this, Invesco had acquired a 49% stake in Religare AMC in 2012, forming a joint venture known as Religare Invesco Mutual Fund. The full acquisition in 2013 rebranded the entity as Invesco Mutual Fund, bringing its global expertise and strong investment processes to the Indian market.
Invesco Mutual Fund (India) aims to serve the investment needs of individual investors, corporate, and institutions through its mutual funds and sub-advised portfolios. It leverages its global capabilities while focusing on local market insights.
Fund Managers
Invesco Mutual Fund has a dedicated team of experienced fund managers who oversee its diverse portfolio of schemes. Key individuals in their investment team include:
- Mr. Taher Badshah: Head of Equities & Fund Manager. He is a seasoned professional with extensive experience in equity markets.
- Mr. Vikas Garg: Head of Fixed Income & Fund Manager. He leads the debt investment strategies.
- Mr. Amit Nigam: Fund Manager (Equity).
- Mr. Dhimant Kothari: Fund Manager (Equity).
- Mr. Krishna Venkat Cheemalapati: Fund Manager.
- Mr. Hiten Jain: Fund Manager.
- Mr. Aditya Khemani: Fund Manager.
- Mr. Deepak Gupta: Fund Manager.
- Mr. Prateek Jain: Fund Manager.
- Mr. Kuber Mannadi: Fund Manager.
- Mr. Neelesh Dhamnaskar: Head of PMS (Portfolio Management Services) and also involved in advisory for India dedicated offshore equity mandates. (He previously managed mutual funds at Invesco).
This team combines global insights with deep local market understanding to manage the schemes effectively.
Scope and Investment Philosophy
Invesco Mutual Fund's investment philosophy is centered on generating superior, risk-adjusted returns for its investors through a disciplined, research-driven approach. Their core principles and scope include:
- Global Expertise with Local Relevance: Leveraging Invesco Ltd.'s extensive global research, investment strategies, and best practices, while tailoring them to the unique dynamics and opportunities of the Indian market.
- Disciplined Investment Process: Adhering to a rigorous and repeatable investment framework that combines fundamental research (Company, Industry, Economic, and Technical analysis) with a disciplined portfolio management approach.
- "True to Mandate" Approach: A key pillar of their philosophy is to strictly adhere to the specific investment objective and mandate of each fund as outlined in its offer document, ensuring consistency and predictability for investors.
- In-depth Research: Emphasizing comprehensive in-house equity research coverage of Indian companies, supplemented by interactions with various market participants, economists, and industry experts.
- Integrated Risk Management: Incorporating robust risk management processes at every stage of the investment process to identify, measure, and monitor various risks (credit, liquidity, market, operational).
- Client-Centricity: A commitment to putting clients at the center of all they do, focusing on delivering an investment experience that helps individuals and institutions pursue their financial goals.
- Diversified Product Portfolio: Offering a broad spectrum of investment solutions across equity, fixed income, hybrid, and fund of funds categories to cater to diverse investor needs and risk profiles.
Part 2: List of Funds with Brief Explanation
Invesco Mutual Fund offers a comprehensive range of schemes across various asset classes. Here's a categorized list of some of their prominent active funds:
Equity Funds:
- Invesco India Flexi Cap Fund: An open-ended equity scheme with the flexibility to invest across large-cap, mid-cap, and small-cap stocks, allowing for dynamic asset allocation based on market opportunities.
- Invesco India Largecap Fund: An open-ended equity scheme investing predominantly in large-cap companies, focusing on established market leaders for stable growth and long-term capital appreciation.
- Invesco India Mid Cap Fund: An open-ended equity scheme investing predominantly in mid-cap stocks, targeting companies with strong growth potential that are generally past the early-stage volatility of small caps.
- Invesco India Smallcap Fund: An open-ended equity scheme investing predominantly in small-cap stocks, aiming for high growth from smaller companies, typically associated with higher risk and volatility.
- Invesco India Large & Mid Cap Fund: An open-ended equity scheme investing in a mix of large-cap and mid-cap companies, combining the stability of large caps with the growth potential of mid caps.
- Invesco India Multi Cap Fund: An open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks with specific minimum allocations to each market capitalization segment.
- Invesco India Contra Fund: An open-ended equity scheme following a contrarian investment strategy, investing in companies that are currently out of favor but have strong underlying fundamentals and potential for revival.
- Invesco India Focused Fund: An open-ended equity scheme investing in a concentrated portfolio of a limited number of high-conviction stocks across market capitalizations.
- Invesco India ELSS Tax Saver Fund: An Equity Linked Savings Scheme (ELSS) that invests predominantly in equities and qualifies for tax deductions under Section 80C, with a 3-year statutory lock-in period.
- Invesco India Financial Services Fund: A sectoral fund investing in companies within the banking and financial services sector.
- Invesco India Infrastructure Fund: A sectoral fund focusing on companies expected to benefit from growth in the infrastructure and related sectors.
- Invesco India PSU Equity Fund: A thematic fund focusing on equity and equity-related instruments of Public Sector Undertakings (PSUs).
- Invesco India Business Cycle Fund: A thematic fund investing in companies expected to benefit from various phases of the economic cycle.
- Invesco India Manufacturing Fund: A thematic fund focusing on companies engaged in the manufacturing sector.
- Invesco India Technology Fund: A sectoral fund investing in companies within the technology and related sectors.
- Invesco India ESG Integration Strategy Fund: An open-ended equity scheme investing in companies that demonstrate strong Environmental, Social, and Governance (ESG) practices.
Debt Funds:
- Invesco India Liquid Fund: An open-ended liquid scheme that invests in very short-term money market instruments, offering high liquidity and aiming for stable, low-risk returns.
- Invesco India Ultra Short Duration Fund: An open-ended debt scheme investing in debt instruments with very short maturities, suitable for short-term parking of funds.
- Invesco India Short Term Fund: An open-ended short-term debt scheme investing in debt and money market instruments with short to medium maturities.
- Invesco India Corporate Bond Fund: An open-ended debt fund that invests predominantly in corporate bonds of high-rated companies, aiming for stable income.
- Invesco India Banking & PSU Debt Fund: An open-ended debt fund that primarily invests in debt instruments issued by banks and Public Sector Undertakings (PSUs).
- Invesco India Gilt Fund: An open-ended debt gilt scheme that invests predominantly in government securities (G-Secs), which carry no credit risk.
- Invesco India Dynamic Bond Fund: An open-ended dynamic debt fund that dynamically manages its portfolio duration based on interest rate views.
- Invesco India Medium Duration Fund: An open-ended debt scheme investing in debt instruments with a medium Macaulay duration.
- Invesco India Overnight Fund: An open-ended debt scheme investing in overnight securities.
Hybrid Funds:
- Invesco India Balanced Advantage Fund: An open-ended hybrid dynamic asset allocation fund that dynamically adjusts its allocation between equity and debt based on market valuations and other parameters.
- Invesco India Aggressive Hybrid Fund: An open-ended aggressive hybrid fund that invests a higher proportion in equities for growth and a smaller portion in debt for stability.
- Invesco India Arbitrage Fund: A hybrid arbitrage fund that aims to generate returns by capitalizing on price differences between the cash and derivatives segments of the equity market, with the balance in debt instruments, offering relatively low risk and tax efficiency.
- Invesco India Equity Savings Fund: A hybrid equity savings fund that invests in equity, debt, and arbitrage opportunities, aiming for relatively stable and tax-efficient returns.
Fund of Funds (FoFs) & ETFs:
- Invesco India Gold Fund: An open-ended fund of funds that invests in units of Invesco India Gold Exchange Traded Fund (ETF), providing exposure to gold.
- Invesco India - Invesco Global Consumer Trends Fund of Fund: A fund of funds that invests in an underlying global fund focusing on companies benefiting from evolving global consumer trends.
- Invesco India - Invesco EQQQ NASDAQ-100 ETF Fund of Fund: A fund of funds that invests in the Invesco EQQQ NASDAQ-100 UCITS ETF, providing exposure to the NASDAQ-100 Index of the largest non-financial companies listed on the NASDAQ Stock Market.
- Invesco India - Invesco Global Equity Income Fund of Fund: A fund of funds that invests in an underlying global fund focusing on companies that generate stable and growing dividends.
- Invesco India - Invesco Pan European Equity Fund of Fund: A fund of funds that invests in an underlying global fund focusing on companies in Europe.
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