Description
Invesco introduces weekly payout facility under Income Distribution cum Capital Withdrawal option for Invesco India Liquid Fund effective August 6, 2025.
Summary
Invesco Asset Management introduces a weekly payout facility under the Income Distribution cum Capital Withdrawal (IDCW) option for Invesco India Liquid Fund, effective August 6, 2025. This enhancement allows investors to receive weekly distributions instead of reinvestment.
Key Points
- Weekly IDCW payout option introduced for both Existing and Direct plans of Invesco India Liquid Fund
- Units available at applicable NAV of existing Weekly IDCW reinvestment option on effective date
- Record date for weekly IDCW payout will be every Monday (or next business day if Monday is non-business day)
- IDCW Transfer plan will not be available under weekly IDCW option
- Default selection will be reinvestment if no choice is 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 weekly payout facility.
Compliance Requirements
- Fund manager must update SID and KIM documents
- Investors need to specify payout or reinvestment preference in applications
- All other existing terms and conditions remain unchanged
Important Dates
- Effective Date: August 6, 2025
- Record Date: Every Monday (or next business day)
- Notice Date: July 28, 2025
Impact Assessment
This is a product enhancement that provides additional flexibility to investors in Invesco India Liquid Fund. The impact is limited to fund investors and does not affect broader market operations or trading activities.
Impact Justification
Product enhancement for mutual fund investors with limited market-wide impact