NFO launch | Invesco Mutual Fund announces two new target maturity index funds

Speaking at the launch, Taher Badshah, Chief Investment Officer, Invesco Mutual Fund said, “With central banks steering towards the end of rate hike cycle, Indian fixed income market has come to an inflection point with risk-reward turning favourable for investors. The sharp increase in interest rates over the past one year now warrants for increased allocation towards fixed income as an asset class that has the potential of generating meaningful income. These funds have been carefully designed to capitalise on the prevailing high interest rates in the market and are particularly suited to investors with a specific financial goal that aligns with the fund’s maturity timeline and superior asset quality.”

“At Invesco Mutual Fund, we are always looking for innovative ways to meet the evolving needs of our clients, and these new funds are testament to that commitment.”

Vikas Garg, Head of Fixed Income, Invesco Mutual Fund said “The market is offering attractive carry opportunities, as interest rates are approaching their peak and future rate actions expected to be more calibrated and data dependent. Global factors could influence domestic policy actions, which could lead to some market volatility in short term. By remaining invested for the entire tenure of target maturity funds, investors can potentially realise the benefits of attractive carry opportunities without getting impacted by interest rate volatility and achieve their financial objectives."

Krishna Cheemalapati and Vikas Garg are the dedicated fund managers for both the index funds.

The minimum initial investment in the funds will be Rs.1,000 and multiples of Re 1 thereafter.