Description
Invesco introduces weekly income distribution cum capital withdrawal payout facility for its liquid fund effective August 6, 2025.
Summary
Invesco Asset Management introduces a Weekly Income Distribution cum Capital Withdrawal (IDCW) payout facility for Invesco India Liquid Fund on BSE StAR MF platform, effective August 6, 2025. This adds a payout option to the existing weekly IDCW reinvestment option.
Key Points
- Weekly IDCW payout option introduced for both existing and direct plans of Invesco India Liquid Fund
- Effective date: August 6, 2025
- Record date for weekly IDCW payout: Every Monday (or next business day if Monday is non-business day)
- Units available at applicable NAV of existing weekly IDCW reinvestment option on effective date
- IDCW Transfer plan not available under weekly IDCW option
- Default selection: Reinvestment facility if no choice specified in application
Regulatory Changes
Necessary amendments will be made to the Scheme Information Document (SID) and Key Information Memorandum (KIM) to reflect the introduction of the weekly IDCW payout option.
Compliance Requirements
- Investors must specify payout or reinvestment preference when applying for Weekly Dividend option
- All existing terms and conditions of SID and KIM remain unchanged except for this addition
- Standard mutual fund risk disclosures apply
Important Dates
- Effective Date: August 6, 2025
- Record Date: Every Monday (or next business day)
- Notice Date: July 28, 2025
Impact Assessment
Minimal market impact as this is a product enhancement for an existing liquid fund. Provides additional flexibility for investors seeking regular income distribution rather than reinvestment. No impact on stock markets or trading operations.
Impact Justification
Routine mutual fund product enhancement with limited market impact