Description

Invesco Mutual Fund revises minimum application amounts from Rs. 1,000 to Rs. 100 for six equity and hybrid schemes, and introduces daily/weekly SIP frequencies for select schemes.

Summary

Invesco Mutual Fund has announced changes to Scheme Information Documents (SIDs), Key Information Memorandums (KIMs), and Statement of Additional Information (SAI) affecting multiple schemes. The primary changes include: (1) reduction of minimum application amounts from Rs. 1,000 to Rs. 100 for six schemes, (2) introduction of daily and weekly SIP frequencies for Invesco India Gold ETF Fund of Fund and Invesco India Multi Asset Allocation Fund, and (3) expansion of daily/weekly SIP options to IDCW option alongside existing Growth option availability.

Key Points

  • Minimum application/switch-in amount reduced from Rs. 1,000 to Rs. 100 for six schemes
  • Minimum redemption/switch-out amount reduced from Rs. 1,000 to Rs. 100 for affected schemes
  • Daily SIP introduced with Rs. 20 minimum (60 installments) for Gold ETF FoF and Multi Asset Allocation Fund
  • Weekly SIP introduced with Rs. 100 minimum (12 installments) for Gold ETF FoF
  • Daily SIP with Rs. 20 minimum (60 installments) introduced for Multi Asset Allocation Fund
  • Daily and weekly SIP frequencies now available under both Growth and IDCW options
  • Changes apply to Invesco India Business Cycle Fund, India Flexi Cap Fund, India Large & Mid Cap Fund, India Midcap Fund, India Smallcap Fund, and India Multi Asset Allocation Fund

Regulatory Changes

This is a scheme modification notice issued under SEBI mutual fund regulations. The changes modify the investment parameters for existing schemes, making them more accessible to smaller investors. The Asset Management Company (AMC) reserves the right to change or modify features of daily and weekly frequency SIP in future. All changes are amendments to existing Scheme Information Documents (SIDs), Key Information Memorandums (KIMs), and Statement of Additional Information (SAI).

Compliance Requirements

  • Investors should note the revised minimum amounts for applications, switches, and redemptions
  • Existing investors are not required to take any action; changes apply to new investments
  • Daily and weekly SIP facilities are available for new subscriptions under specified schemes
  • Switch-in operations now follow revised minimum of Rs. 100 (previously Rs. 1,000)
  • Multiples of Re. 0.01 allowed for switch-in operations
  • Minimum redemption/switch-out is Rs. 100 or 0.001 unit or account balance, whichever is lower

Important Dates

Effective Date: The circular is dated January 28, 2026. No specific implementation date mentioned; changes are expected to be effective immediately or as per standard amendment timelines.

Impact Assessment

Positive Impact on Accessibility: The reduction in minimum application amounts from Rs. 1,000 to Rs. 100 significantly lowers the entry barrier for retail investors, potentially expanding the investor base for these schemes.

Enhanced Investment Flexibility: Introduction of daily (Rs. 20 minimum) and weekly (Rs. 100 minimum) SIP frequencies provides greater flexibility for investors with smaller savings capacity or those preferring more frequent investment schedules.

Operational Impact: Investors can now access six Invesco equity and hybrid schemes with 90% lower minimum investment amounts, making systematic investing more accessible across income segments.

Market Reach: The changes align with industry trends toward democratizing mutual fund investments and may increase Assets Under Management (AUM) through broader retail participation.

IDCW Option Enhancement: Extension of daily/weekly SIP to IDCW (Income Distribution cum Capital Withdrawal) options provides income-focused investors with enhanced systematic investment capabilities.

Impact Justification

Changes affect investor accessibility by lowering entry barriers for multiple Invesco schemes, making them more accessible to retail investors with reduced minimum amounts and enhanced SIP options