August 28, 2024
mayank
Invesco India Technology 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 Technology Fund Open Date, Close Date?
NFO opens on September 03, 2024
NFO will close on September 17, 2024
What is the Investment Strategy?
The scheme seeks to generate capital appreciation by investing in equity and equity related instruments of companies in the technology and technology related sectors, companies focused on driving transformative innovations across technology, automation, robotics, artificial intelligence, cloud computing and other technology companies including those benefitting from the increased digital adoption.
Basic Details
| Fund House | Invesco Mutual Fund |
| Issue Open | 03 September 2024 |
| Issue Close | 17 September 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Technology |
| 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 IT TRI |
What is the Benchmark Index of Invesco India Technology Fund?
The Nifty IT index captures the performance of the Indian IT companies. The Nifty IT Index comprises of 10 companies listed on the National Stock Exchange (NSE).
Nifty IT index is computed using free float market capitalization method with a base date of Jan 1, 1996 indexed to a base value of 1000 wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. The base value of the index was revised from 1000 to 100 with effect from May 28, 2004.
Nifty IT Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty IT Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 10.80 | 15.02 | 36.50 | 21.20 | 23.40 |
| Total Return | 10.96 | 16.61 | 39.30 | 23.64 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 18.21 | 23.47 | 33.39 |
| Beta (NIFTY 50) | 0.72 | 0.82 | 0.96 |
| Correlation (NIFTY 50) | 0.51 | 0.67 | 0.66 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 33.38 | 8.49 | 1.9 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Infosys Ltd. | 28.64 |
| Tata Consultancy Services Ltd. | 24.78 |
| HCL Technologies Ltd. | 9.70 |
| Tech Mahindra Ltd. | 9.31 |
| Wipro Ltd. | 7.93 |
| LTIMindtree Ltd. | 5.59 |
| Persistent Systems Ltd. | 5.45 |
| Coforge Ltd. | 4.48 |
| MphasiS Ltd. | 2.59 |
| L&T Technology Services Ltd. | 1.54 |
Performance Review of the Fund Managers of Invesco India Technology Fund?
1) Aditya Khemani
Education: Mr. Khemani has done B.Com (Hons) and PGDM from IIM, Lucknow.
Experience: Prior to joining Invesco Mutual Fund, He was associated with Motilal Oswal Mutual Fund, HSBC AMC, SBI Mutual Fund, ICICI Prudential AMC and Morgan Stanley Advantage Services.
Past Performance of his Schemes
| Fund | Invesco India Large & Mid Cap Fund | It’s Benchmark | Invesco India Smallcap Fund | It’s Benchmark |
| 1 Year | 55.80 | 39.35 | 57.78 | 54.20 |
| 3 Year | 23.01 | 18.90 | 27.77 | 28.60 |
| 5 Year | 22.97 | 21.34 | 34.03 | 32.57 |
| 7 Year | 17.70 | 16.45 | — | — |
| 10 Year | 16.79 | 14.83 | — | — |
As on 28-08-2024
2) Hiten Jain
Education: Mr. Jain has done BE, CFA and MBA (Finance)
Experience: Prior to joining Invesco India Mutual Fund, he has worked with CRISIL Limited and Dunia Finance LLC Dubai.
Past Performance of his Schemes
| Fund | Invesco India Financial Services Fund | It’s Benchmark | Invesco India Aggressive Hybrid Fund | It’s Benchmark |
| 1 Year | 41.66 | 18.18 | 38.47 | 28.45 |
| 3 Year | 18.26 | 13.90 | 16.36 | 14.66 |
| 5 Year | 17.95 | 13.57 | 16.43 | 17.14 |
| 7 Year | 14.07 | 11.91 | — | — |
| 10 Year | 16.06 | 13.17 | — | — |
As on 28-08-2024
Which Company Owns Invesco India Technology 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 Technology Fund NFO?
Guidance for Invesco India Technology Fund by Paresh Gordhandas, C.A., Research Analyst.
The Invesco India Technology Fund is based on the Nifty IT Index as its benchmark. The NIfty IT Index comprises of 10 companies in the technology and technology related sectors. The Invesco India Technology Fund can be compared to ICICI Prudential Technology Fund which has generated return of 39.30% in the last one year and CAGR 29.53% in the last five years. Other funds in this category are the Tata Digital India Fund (1 year return 43.33%), SBI Technology Opportunities Fund (1 year return 35.28%), Franklin India Technology Fund (1 year return 47.05%) etc.
Looking at the performance of the Fund Managers, a sample study of the other funds managed by them reveals a good performance. Also, the selection universe is very small at only 10 companies and hence, the Fund Managers have their work cut out for them.
The performance of IT stocks is expected to be good in the coming years and hence one can invest in this sectoral fund. Holding should be for a longer period to generate good returns.
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