Invesco Mutual Fund, an asset administration firm, has introduced the introduction of two Target Maturity Debt Index Funds – Invesco India Nifty G-sec Jul 2027 Index Fund (An open-ended Target Maturity Index Fund monitoring Nifty G-sec Jul 2027 Index, a comparatively excessive rate of interest danger and comparatively low credit score danger) and Invesco India Nifty G-sec Sep 2032 Index Fund (An open-ended Target Maturity Index Fund monitoring Nifty G-sec Sep 2032 Index, a comparatively excessive rate of interest danger and comparatively low credit score danger).
The funds will make investments 95%-100% of its web belongings in Government securities. The goal of those open-ended, passively managed target maturity debt index funds is to reflect the underlying benchmark index and mature on a pre-determined date.
Invesco India Nifty G-sec Jul 2027 Index Fund will mature on July 30, 2027 and Invesco India Nifty G-sec Sep 2032 Index Fund may have maturity on September 30, 2032.
Taher Badshah, Chief Investment Officer, Invesco Mutual Fund mentioned, “ These funds have been carefully designed to capitalise on the prevailing high interest rates in the market and are particularly suited to investors with a specific financial goal that aligns with the fund’s maturity timeline and superior asset quality.”
