Invesco Mutual Fund Files Draft With Sebi for Invesco India Nifty It ETF

On July 24, 2026, Invesco Mutual Fund has announced the filing of the Scheme Information Document with SEBI for its new open-ended Exchange Traded Fund, the Invesco India Nifty IT ETF, as per the filings.  

This ETF aims to replicate and track the Nifty IT Index (Total Returns Index) and is managed by Invesco Asset Management (India) Private Limited.  

The fund is launched under the co-sponsorship of IndusInd International Holdings Ltd. and Invesco Hong Kong Ltd. 

Investment Strategy and Allocation 

The Invesco India Nifty IT ETF adheres to a passive investment strategy, aiming to replicate the Nifty IT Index as closely as possible, subject to tracking errors.  

The fund's asset allocation strategy mandates that 95%-100% of its net assets are invested in equity and equity-related securities of the target index.  

The remaining 0%-5% is allocated to money market instruments and liquid assets, including cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, and Triparty repos (TREPS). 

Sector Index Composition 

The Nifty IT Index comprises 10 major Indian information technology companies listed on the National Stock Exchange. As of April 30, 2026, Infosys Ltd. holds the largest weight at 27.34%, followed by Tata Consultancy Services Ltd. at 21.41%.  

Other constituents include Tech Mahindra Ltd. (11.27%), HCL Technologies Ltd. (10.73%), and Wipro Ltd. (6.91%). The index methodology ensures no single stock exceeds 33% of the total weight. 

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Operational Details and Costs 

The ETF units can be traded by retail investors in round lots of 1 unit on the NSE and BSE during market hours. Direct transactions with the AMC are limited to Market Makers and Large Investors, with a minimum transaction threshold of ₹25 Crores for Large Investors. The fund's Base Expense Ratio is capped at 0.90% of daily net assets, with no exit load. 

Conclusion 

The Invesco India Nifty IT ETF, managed by Invesco Asset Management, aims to mirror the Nifty IT Index with a 95%-100% equity allocation. The index includes 10 major IT firms, with Infosys Ltd. holding the largest weight at 27.34%. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.