Invesco Mutual Fund launches Invesco India ESG Equity Fund
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Last Updated: Mar 01, 2021, 09:33 AM IST
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Synopsis
Invesco Mutual Fund has announced the launch of its new fund Invesco India ESG Equity Fund, an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme.
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Invesco Mutual Fund has announced the launch of a new fund- Invesco India ESG Equity Fund, an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme. The NFO closes for subscription on March 12.
According to a press release, the fund will adopt a bottom-up approach to select stocks. While the fund will invest the majority of its assets in large cap companies; it will also offer limited exposure of up to 35% to mid and small cap companies. The fund is benchmarked to the NIFTY 100 Enhanced ESG Index and will be managed by Taher Badshah and Amit Nigam.