Invesco Mutual Fund unveils Invesco India ESG Equity Fund
NFO Opens: 26th February2021; Closes: 12th March2021
Mumbai, Maharashtra [India] : Invesco Mutual Fund announces the launch of its newfundInvesco India ESG Equity Fund, (an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme). The fund aims to generate capital appreciation by investing 80% - 100% of the net assets in equity and equity instruments of companies, which are selected based on Environmental, Social and Governance (ESG) criteria, as defined by our proprietary investment framework. 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% tomid and small cap companies1. The fund is benchmarked to the NIFTY 100 Enhanced ESG Index and will be managed by Mr. Taher Badshah, who has over 26 years of experience and Amit Nigam, who has over 20 years of experience in the Indian equity markets.
Note - 1The above strategy is based on current views and is subject to change from time to time.
In today’s socially conscious society, we expect companies to care about environment, society and have high standards of governance. And as consumers, we exercise our voice through the products & services we consume. Investors globally consider ESG factors to evaluate where the company has risks because of environment, social and governance issues. For companies today, the risks which originate from environment, social and governance issues are real. Disregarding ESG values can have a serious impact on the company’s operations, profits, and shareholder value. From an investment point of view, it is important to evaluate where the company faces the risk on account of ESG parameters, as ignoring these risks can have far-reaching consequences.
Speaking at the launch, Mr. Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fundsaid, “As a firm, we have been demonstrating our commitment globally to responsible investing by actively encouraging ESG inclusive practices across every area of business.Globally, there is a big difference between being ESG “Aware” and ESG “Inclusive”. Our ESG inclusive practices are at the core of our equity investment process, which differentiates us.
“It is important to analyze a company through the ESG lens. Governments and society are penalizing irresponsible companies. On the other hand, companies with strong ESG proposition are creating value through increased top-line growth, lower costs of production, better financing terms, government support & subsidies, motivated employees and enhanced returns on capital invested, which in turn help investors in long term wealth creation.”
“First time investors can embark on their investment journey with this new fund and embrace responsible investing from day one”
Invesco and ESG1
- 32 years journey of sustainable investing
- Managing US$ 34.5 bn across 44 ESG funds and segregated mandates globally. (managed by our global firm)
- Signatories to the UN sponsored Principles for Responsible Investment (PRI)
- Lead Investor in Climate Action 100 +
- ESG advocacy through industry associations and participation in policy efforts
1 The details referred above are of our global firm.Source: Invesco; Data as on 31 December, 2020.
The minimum investment amount during the NFO is Rs. 1000/- and in multiples of Rs. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Rs. 1 thereafter.
No exit load will be charged, if upto 10 percent of the units are redeemed/ switched out within 1 year from the date of allotment. If more than 10 percent of the units are redeemed / switched out within 1 year from the date of allotment , exit load of 1 percent will be charged. No exit load will be charged for units redeemed / switched after 1 year from the date of allotment.
The New Fund Offer (NFO) is open for subscription from February 26, 2021 and will close on March12, 2021.
About Invesco Asset Management (India) Private Limited
Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 44,776 crores of assets under management across Mutual funds, PMS and Offshore Advisory (as at 31 December, 2020), we serve investment needs of individual investors, corporate and institutions through mutual funds and sub-advised portfolios. Our expertise extends across equity, fixed income, and alternative asset classes where we offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top class financial care, impeccable service, and best-in-class investment products.
For more details visit invescomutualfund.com
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com
Note: The product labelling assigned during the NFO is based on internal assessment of the Scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
For further information, please contact
Haresh L Sadani
Director – Marketing & Products
Invesco Asset Management
(India) Private Limited
Manager – Marketing
Invesco Asset Management
(India) Private Limited