NFO Alert: Invesco Mutual Fund launches Income Plus Arbitrage Active Fund of Fund
Invesco Mutual Fund has announced the launch of its new fund Invesco India Income Plus Arbitrage Active Fund of Fund , an open-ended fund of fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage schemes.The new fund offer or NFO of the fund is open for subscription and will close on July 16.Also Read | Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest? The fund is designed to provide investors with a smarter and simpler alternative to traditional debt investments, according to a press release by the fund house.This fund aims to generate income by investing in a dynamic mix of actively managed debt-oriented schemes and equity arbitrage schemes, offering a unique blend of stability, tax efficiency, and operational ease. The fund is ideal for investors seeking low-risk income with enhanced tax efficiency in the long term, the release said.Around 60-65% will be invested in debt-oriented schemes, with a primary focus on Invesco India Debt Fund, based on market opportunities in high-quality corporate bond funds that invest in AAA-rated corporate bonds and sovereign securities.Given the current market dynamics, large allocation will be done in Invesco India Corporate Bond Fund (allocation to debt schemes will be less than 65%) which as of now provides participation in AAA rated corporate bonds largely in 2-5 year space and G-Sec in 5-15 year space.The fund will invest 35–40% in Invesco India Arbitrage Fund, which captures price differentials between cash and derivatives markets with fully hedged equity exposure.Investments held for over 24 months are taxed at a 12.5% long-term capital gains rate, compared to traditional debt funds taxed at slab rates, the release said.Also Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing 'With the evolving investment landscape, conservative investors are seeking options that align with their risk tolerance while enhancing tax efficiency. As the fixed income market remains in a sweet spot, the Invesco India Income Plus Arbitrage Active Fund of Fund offers a smart alternative to traditional debt investments—an efficient combination of arbitrage and fixed income strategies that provides relatively lower risk & a better tax efficiency,' said Vikas Garg , Head of Fixed Income & Fund Manager, Invesco Mutual Fund.The minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. No exit load will be charged to investors.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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