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Invesco Mutual Fund India

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Invesco Mutual Fund India is an Indian asset management company, formally incorporated as Invesco Asset Management (India) Private Limited, and the Indian subsidiary of Invesco Ltd, the Atlanta-headquartered global investment management company. As of March 2024, Invesco India AMC managed assets of approximately Rs 12,000–15,000 crore across equity, debt, and hybrid schemes.

The fund house originated as a joint venture between the Religare group (the Indian financial services group associated with the Singh family of Fortis Healthcare and Ranbaxy fame) and Invesco Ltd in 2006. Following the Religare group’s financial difficulties and strategic exit from various financial services businesses, Invesco acquired full control of the Indian AMC. The entity was renamed from Religare Invesco Asset Management to Invesco Asset Management (India) in 2016.

History

The predecessor entity was established in 2006 as Religare Asset Management Limited, operating as a joint venture. Invesco progressively acquired the Religare stake as the domestic partner exited financial services businesses. Following Invesco’s full ownership, the fund house was rebranded.

Invesco Ltd, a global AMC with approximately USD 1.6 trillion under management globally, brings international equity and fixed income research capabilities to the Indian operations.

Scheme portfolio

  • Invesco India Flexi Cap Fund: Core equity mandate.
  • Invesco India Large Cap Fund: Large cap offering.
  • Invesco India Midcap Fund: Mid cap strategy.
  • Invesco India Smallcap Fund: Small cap exposure.
  • Invesco India ELSS Tax Saver Fund: Tax-saving equity.
  • Invesco India Contra Fund: Contrarian value strategy.
  • Full debt and hybrid coverage.

Invesco Asset Management (India) Private Limited is wholly owned by Invesco Ltd. The trustee entity is Invesco Trustee Private Limited.

  • RTA: Computer Age Management Services (CAMS)
  • Custodian: Deutsche Bank AG, India
  • Depository: NSDL and CDSL

Investment philosophy

Invesco India’s equity investment process draws on both domestic fundamental research and Invesco’s global research platforms. The contra fund strategy is a distinctive offering, focusing on neglected or undervalued sectors and companies.

Distribution and operations

Invesco India distributes through mutual fund advisers, digital platforms, and corporate channels. Online platforms including Zerodha Coin list Invesco India schemes.

Regulatory standing

Invesco Asset Management (India) Private Limited holds a valid SEBI registration. No material enforcement actions as of 2024.

See also

References

  1. Invesco Asset Management (India) Private Limited, SEBI Registration. sebi.gov.in.
  2. AMFI Data, AMC-wise AUM, March 2024. Association of Mutual Funds in India.
  3. Invesco India AMC Scheme Information Documents. Available at invescomutualfund.com.

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