|Invesco Mutual Fund has launched a new fund named Invesco India Fixed Maturity Plan - Series 32 - Plan F, a close ended debt scheme. The tenure of the scheme is 1319 days from the date of allotment. The new issue will be open for subscription from 14 September 2018 to 17 September 2018.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.
The scheme offers two options viz. growth and dividend payout options.
The scheme would invest 80% - 100% of assets in debt instruments with low to medium risk profile and upto 20% of asset in money market instruments with low risk profile.
Minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund manager of the scheme is Nitish Sikand.
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