The Invesco India BSE Sensex Index Fund is an open-ended scheme that will track the BSE Sensex, investing in its constituent companies in the same proportion as the index, subject to tracking error. The Sensex comprises 30 large, established companies across sectors and is widely used as a barometer of the Indian equity market.
The Invesco India Nifty Bank Index Fund will similarly track the Nifty Bank Index, investing in listed banking stocks in line with the index composition. The benchmark includes major public and private sector banks and reflects trends in the banking segment.
Both schemes will follow a passive investment strategy aimed at replicating their respective benchmarks while seeking to minimise tracking error. The funds will be managed by Abhisek Bahinipati.
The minimum investment during the NFO period is ₹100, with additional investments in multiples of ₹1. Systematic investment plan (SIP) options are available across daily, weekly, monthly, and quarterly frequencies with specified minimum amounts.
No exit load will be applicable, according to the fund house.
The launch adds to the range of passive investment products available to investors seeking index-linked exposure to broad equity markets and sector-specific opportunities.
