According to a press release, the fund will adopt a bottom-up approach to select stocks. While the fund will invest the majority of its assets in large cap companies; it will also offer limited exposure of up to 35% to mid and small cap companies. The fund is benchmarked to the NIFTY 100 Enhanced ESG Index and will be managed by Taher Badshah and Amit Nigam.
“As a firm, we have been demonstrating our commitment globally to responsible investing by actively encouraging ESG inclusive practices across every area of business. Globally, there is a big difference between being ESG “Aware” and ESG “Inclusive”. Our ESG inclusive practices are at the core of our equity investment process, which differentiates us,” Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund.
“It is important to analyze a company through the ESG lens. Governments and society are penalizing irresponsible companies. On the other hand, companies with strong ESG proposition are creating value through increased top-line growth, lower costs of production, better financing terms, government support & subsidies, motivated employees and enhanced returns on capital invested, which in turn help investors in long term wealth creation,” he added.
The minimum investment amount during the NFO is Rs. 1000/- and in multiples of Rs. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Rs. 1 thereafter.
No exit load will be charged, if upto 10 percent of the units are redeemed/ switched out within 1 year from the date of allotment. If more than 10 percent of the units are redeemed / switched out within 1 year from the date of allotment , exit load of 1 percent will be charged. No exit load will be charged for units redeemed / switched after 1 year from the date of allotment.