Invesco Mutual Fund has launched the Invesco India Fixed Maturity Plan-Series 29-Plan A, a close ended income scheme. The NFO opens for subscription on February 22, 2017 and closes on February 27, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Nitish Sikand.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.