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Invesco India Technology Fund NFO: Review, Date & NAV

Invesco India Technology Fund: Complete Overview
Invesco India Technology Fund NFO Details
Fund Overview
How To Invest In The NFO After The Closure Date?
The Objective of The Fund
How to apply for NFO?
Peers of Invesco India Technology Fund
Risk Factors In Such Funds
Past Performance of Index Funds
Invesco India Technology Fund NFO-Who Can Invest?
Invesco India Technology Fund-Growth Fund Managers:
Conclusion

Invesco India Technology Fund: Complete Overview

Invesco Mutual Fund has launched the Invesco India Technology Fund under its AMC Invesco Asset Management (India) Private Limited. It is an open-ended scheme that invests in technology and technology-related sectors. The NFO date is from September 03 to September 17, 2024, with an NFO price of Rs.1000 and in multiples of Rs.1 thereafter. This NFO Scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment. The scheme is available in two options Invesco India Technology Fund-Growth and Invesco India Technology Fund-Regular. Today at the Invesco NFO, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance. Keep reading to know the details of this new fund offer.

Invesco India Technology Fund NFO Details

This NFO Mutual Fund is suitable for investors who want to achieve long-term capital gain and invest mostly in the stock and securities of businesses involved in technology and associated industries. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 80-100% of its units in equities and instruments of equity of companies operating in the technology and associated industries, particularly those reaping the benefits of growing digital adoption, and 0-20% in other equity and equity related instruments, 0-20% in debt and money market products and 0-10% in REITs & InvITs.

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Fund Overview

The Invesco India Technology Fund NFO minimum subscription amount is Rs.1000 and in multiples of Rs.1 thereof.

Start Date	03 September 2024
End Date	17 September 2024
Allotment Date/Subscription Date/Re-open Date	Scheme reopens within 5 working days after the allotment for continuous sale and repurchase. Allotment is to be completed within 5 working days after the closure of the NFO.
VRO Rating	-
Expense Ratio	Nil
Exit Load	0.5% if redeemed within 90 days.
AUM	Rs.87,743.14 crore (as of 30 Jun 2024).
Lock-in	NA
Stamp Duty	0.005% (From July 1st 2020)
Benchmark(s)	Nifty IT TRI
Min. Investment	Rs.1000 and in multiples of Rs.1.
Risk	Very High
Short-Term Capital Gains (STCG)	For less than 1 year, a 20% tax is applicable.
Long-Term Capital Gains (LTCG)	For more than 1 year, a 12.50% Tax is applicable above the gain of Rs.1.25 lac.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then within 5 business days after the allotment of the NFO, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Invesco India Technology Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to generate capital appreciation by investing in equity and equity-related instruments of companies in technology and related sectors, companies focused on driving transformative innovations in technology, automation, robotics, artificial intelligence, cloud computing, and other technology companies, including those benefiting from increased digital adoption. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Types of Instruments	Minimum Allocation (% of Total Assets)	Maximum Allocation (% of Total Assets)
Equities and instruments pertaining to equity of enterprises operating in the technology and associated industries, notably those reaping the benefits of growing digital adoption	80	100
Other equity and equity-related instruments	0	20
Debt and money market products	0	20
REITs & InvITs.	0	10

How to apply for NFO?

You can apply for NFO via online platforms such as AMC’s website, Channel partner website, by filling out an application form, and the mobile apps of Fund House.

It's important to research the AMC performance before investing.

Peers of Invesco India Technology Fund

Scheme	1Y Return	AUM (Rs.) / Fund Size (Rs.)
Franklin India Technology Fund	51.23%	1,774.27 Cr.
ICICI Prudential Technology Fund	43.93%	13,422.37 Cr.
Tata Digital India	46.12%	11,377.33 Cr.
ABSL Digital India	37.25%	5,138.21 Cr.

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

The scheme aims to invest in stock and equity-related instruments of technology companies, exposing them to the risks associated with the technology sector and industries. Therefore, concentration risk is projected to be considerable.
Several variables that impact the securities markets, including volume and volatility in the capital markets, interest rates, currency exchange rates, modifications to government laws and regulations, etc. can affect the value of equity and equity-related instruments.
Interest rate risk exists with money market and fixed-income instruments. In general, the values of current fixed-income instruments decrease when interest rates rise, and vice versa when interest rates decrease.
On the stock exchanges' platform, there might not be a live market for bonds. Because of this, it's possible that the Bonds' market prices and liquidity won't grow and will be negatively impacted.

Past Performance of Index Funds

Index Funds	NAV (Rs.)	Annualised Return	Return / Risk
Aditya Birla Sun Life Digital India Fund Direct-Growth	127.01	31.13%	Very High Risk
HDFC Technology Fund Direct-Growth	14.24	42.15%	Very High Risk
Tata Digital India	51.48	39.44%	Very High Risk

Invesco India Technology Fund NFO-Who Can Invest?

This Fund is ideal for those who want to focus mostly on equities and equity-related instruments of companies operating in the technology and technology-related industries and who are looking for long-term capital appreciation.

Invesco India Technology Fund-Growth Fund Managers:

Mr. Hiten Jain
Mr. Aditya Khemani.

Conclusion

The Invesco India Technology Fund is appropriate for investors who are high risk-tolerant and focus mostly on equities and equity-related instruments of companies operating in the technology and technology-related industries.

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.