myplexus

NFO Monitor

Fund Fact

Name of Funds:

Invesco India Technology

Opening:

3rd September 2024

Closing:

17th September 2024

Minimum Investment:

Rs. 1,000/- per application and in multiples of Re. 1/- thereafter.

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

0.50% of NAV if units are redeemed/switched out within 3 months from the date of allotment

Fund Stats

Objective:

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.

Benchmark:

NIFTY IT

Fund Manager:

Hiten Jain, Aditya Khemani

Asset Allocation

80-100 % Equity upto 20% Money Market

upto 20% Debt upto 10% Others

Comparable existing schemes

HDFC Technology Fund	27.52(6M)	42.82(1Y)
ICICI Prudential Technology Fund	22.06(6M)	36.31(1Y)

Fund Prognosis

Idea Distiller

Technology is still a great bet and with the lowering of interest rates could be an even better bet.

Fund House AAUM:
Rs 8363658.83 Lakhs(as on 30th June, 2024)
Fund Manager:
Combined experience of above 18 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

None actually. Very tepid and an extremely crowded space with many proven performers.

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