NFO Alert: Invesco Mutual Fund Introduces BSE Sensex and Nifty Bank Index Schemes

Invesco Mutual Fund has launched 2 passive schemes, with their New Fund Offers (NFOs) opening on April 23 and scheduled to close on May 7, 2026.  

The offerings include the Invesco India BSE Sensex Index Fund and the Invesco India Nifty Bank Index Fund. 

Benchmark-Linked Structure 

The Sensex-linked fund is structured as an open-ended scheme tracking the BSE Sensex. It will invest in the 30 constituent companies in the same proportion as the index, subject to tracking error.  

These companies represent established firms across sectors and are commonly used to indicate overall market direction. The second scheme tracks the Nifty Bank Index, allocating investments to listed banking stocks in line with index composition.  

The index includes large public and private sector banks and shows movements within the banking segment. 

Investment Approach and Management 

Both schemes will follow a passive investment approach, with portfolios aligned to their respective benchmarks. The objective is to replicate index performance rather than generate excess returns, while keeping tracking differences limited. 

The schemes will be managed by Abhisek Bahinipati, as stated in the scheme information documents. 

Subscription Details 

The minimum investment amount during the NFO period is ₹100, with further investments allowed in multiples of ₹1.  

Investors can also opt for systematic investment plans (SIPs), available on a daily, weekly, monthly, and quarterly basis, subject to minimum contribution requirements. 

No exit load will be charged on either of the schemes, according to the fund house. 

Read More: Equitree Capital Launches Offshore AIF in GIFT City for Global Investors! 

Conclusion 

The 2 funds add to the existing set of passive investment options in the market, providing exposure to a broad equity index and a sector-specific index through a benchmark-tracking structure. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the related documents carefully before investing.