July 11, 2024
mayank
Invesco India Manufacturing Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Invesco India Manufacturing Fund Open Date, Close Date?
NFO opens on July 25, 2024
NFO will close on August 08, 2024
What is the Investment Strategy?
The scheme seeks to generate capital appreciation from a diversified portfolio of Equity and Equity Related Instruments of companies following the manufacturing theme.
Basic Details
| Fund House | Invesco Mutual Fund |
| Issue Open | 25 July 2024 |
| Issue Close | 08 August 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | Nifty India Manufacturing TRI |
What is the Benchmark Index of Invesco India Manufacturing Fund?
The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India. The stocks are selected from a combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index. A stock’s weight in the Nifty India Manufacturing index is based on its free-float market capitalisation subject to maximum weight of each stock at 5%. The index also has a minimum weight of 20% to certain manufacturing sectors.
Index Variant: Nifty India Manufacturing Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 19.46 | 32.47 | 58.86 | 25.31 | 14.95 |
| Total Return | 19.56 | 32.74 | 59.96 | 26.79 | 16.48 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.25 | 19.18 | 21.41 |
| Beta (NIFTY 50) | 0.94 | 0.88 | 0.92 |
| Correlation (NIFTY 50) | 0.84 | 0.88 | 0.92 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 30.87 | 5.15 | 0.92 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Reliance Industries Ltd | 5.36 |
| Mahindra & Mahindra Ltd. | 4.91 |
| Tata Motors Ltd. | 4.88 |
| Sun Pharmaceutical Industries Ltd. | 4.59 |
| Maruti Suzuki India Ltd. | 4.44 |
| Tata Steel Ltd. | 4.01 |
| Bajaj Auto Ltd. | 2.97 |
| Hindalco Industries Ltd. | 2.83 |
| Bharat Electronics Ltd | 2.83 |
| Hindustan Aeronautics Ltd. | 2.55 |
Performance Review of the Fund Managers of Invesco India Manufacturing Fund?
1) Amit Ganatra
Education: Mr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.
Experience: Prior to joining Invesco Asset Management (India) Pvt. Ltd., he has worked with HDFC Mutual Fund, DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.
Past Performance of his Schemes
| Fund | Invesco India Large & Mid Cap Fund | It’s Benchmark | Invesco India Flexi Cap Fund | It’s Benchmark |
| 1 Year | 55.73 | 37.52 | 51.86 | 39.85 |
| 3 Year | 22.75 | 19.86 | — | — |
| 5 Year | 21.75 | 19.91 | — | — |
| 7 Year | 17.43 | 16.21 | — | — |
| 10 Year | 17.00 | 15.05 | — | — |
As on 11-07-2024
2) Dhimant Kothari
Education: Mr. Kothari is a Chartered Accountant and holds a Commerce degree.
Experience: In his last assignment, he was working as Senior Manager – Research with Credit Analysis and Research Ltd., His other assignments include Lotus India Asset Management and CRISIL Ltd.
Past Performance of his Schemes
| Fund | Invesco India ELSS Tax Saver Fund | It’s Benchmark | Invesco India Financial Services Fund | It’s Benchmark |
| 1 Year | 43.42 | 39.85 | 36.02 | 19.39 |
| 3 Year | 17.86 | 20.50 | 18.51 | 15.61 |
| 5 Year | 19.84 | 21.05 | 16.07 | 12.39 |
| 7 Year | 15.97 | 16.58 | 13.96 | 12.72 |
| 10 Year | 16.17 | 15.56 | 16.08 | 14.08 |
As on 11-07-2024
Which Company Owns Invesco India Manufacturing Fund?
Invesco Asset Management (India) Pvt. Ltd
Address: 2101 – A-A Wing – 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai – 400013
Website: http://www.invescomutualfund.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Invesco India Manufacturing Fund NFO?
Guidance for Invesco India Manufacturing Fund by Paresh Gordhandas, C.A., Research Analyst.
Like we said, manufacturing funds are being launched left, right and center. Apart from Motilal Oswal (Refer page 14), Invesco India is also launching its Manufacturing Fund.
Invesco India currently has an average asset base of over INRRs. 96,491.40 crores (for the quarter ending June 2024).
The Mutual Fund started its operations in India in 2005-06.
Company has many schemes under the Debt and Equity themes operational in India.
The Fund Managers for the Manufacturing Fund are Mr. Dhimant Kothari and Mr. Amit Ganatra. A sample study of ther performance of other Funds managed by them gives a good picture. Both have strong educational background and experience.
Manufacturing Funds should only be bought with a long holding period. Minimum 3-5 years but a longer period should yield better returns. In the coming days, manufacturing theme is promising to generate good returns for investors. Can invest.
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks