Invesco India Gold ETF Fund of Fund
1
SCHEME INFORMATION DOCUMENT
Invesco India Gold ETF Fund of Fund
(An open ended fund of fund scheme investing in Invesco India Gold Exchange Traded Fund)
This product is suitable for investors
who are seeking*:
Scheme Riskometer Benchmark Riskometer
Regular income and capital
appreciation over medium to long-
term
Investments in units of Invesco
India Gold Exchange Traded Fund,
which in turn invests in physical
gold
*Investors should consult their
financial advisers if in doubt about
whether the product is suitable for
them.
Price of Gold
Continuous Offer for Units at NAV based prices
Name of Mutual Fund Invesco Mutual Fund
Name of Asset Management Company Invesco Asset Management (India) Private Limited
Name of Trustee Company Invesco Trustee Private Limited
Address 2101-A, 21
st
Floor, A Wing, Marathon Futurex, N.M. Joshi Marg,
Lower Parel, Mumbai - 400 013.
Name of the Sponsor Invesco Hong Kong Limite
d
Website www.invescomutualfund.com
The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India
(Mutual Funds) Regulations, 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date and circulars
issued thereunder filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for
public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy
of the Scheme Information Document.
The Scheme Information Document sets forth concisely the information about the Scheme that a prospective investor ought to
know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information
Document after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI) for details of Invesco Mutual Fund,
Standard Risk Factors, Special Considerations, Tax and Legal issues and general information on
www.invescomutualfund.com.
SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current
SAI, please contact your nearest Investor Service Centre or log on to our website (www.invescomutualfund.com).
The Scheme Information Document (Section I and II) should be read in conjunction with the SAI and not in isolation.
This Scheme Information Document is dated June 30, 2024.
Invesco India Gold ETF Fund of Fund
2
TABLE OF CONTENTS
SECTION I .................................................................................................................................................... 3
PART I - HIGHLIGHTS / SUMMARY OF THE SCHEME ................................................................... 3
PART II - INFORMATION ABOUT THE SCHEME .............................................................................. 8
A. Assets Allocation .......................................................................................................................... 8
B. Where will the scheme invest? ...................................................................................................... 9
C. Investment Strategy ...................................................................................................................... 9
D. Benchmark Index ........................................................................................................................ 11
E. Fund Managers ........................................................................................................................... 11
F. How is the scheme different from existing schemes of the mutual fund? ................................... 12
G. How has the scheme performed? ................................................................................................ 12
H. Additional Scheme Related Disclosures ..................................................................................... 12
Part III. OTHER DETAILS ...................................................................................................................... 13
A. Computation of NAV .................................................................................................................. 13
B. New Fund Offer (NFO) Expenses .............................................................................................. 15
C. Annual Scheme Recurring Expenses .......................................................................................... 15
D. Load Structure ............................................................................................................................. 17
SECTION II ................................................................................................................................................ 19
I. INTRODUCTION..................................................................................................................... 19
A. Definition / Interpretation ........................................................................................................... 19
B. Risk Factors ................................................................................................................................ 19
C. Risk Mitigation Strategies ........................................................................................................... 23
II. INFORMATION ABOUT THE SCHEME: ............................................................................... 24
A. Where will the scheme invest ..................................................................................................... 24
B. Investment Restrictions ............................................................................................................... 25
C. Fundamental Attributes ............................................................................................................... 26
D. Other Scheme Specific Disclosures: ........................................................................................... 28
III. OTHER DETAILS .................................................................................................................... 37
A. Details of underlying fund. ......................................................................................................... 37
B. Periodic Disclosures .................................................................................................................... 38
C. Transparency / NAV Disclosure ................................................................................................. 39
D. Transaction Charges and Stamp Duty ......................................................................................... 39
E. Associate Transactions ................................................................................................................ 40
F. Taxation ...................................................................................................................................... 40
G. Rights of Unitholders .................................................................................................................. 40
H. List of official points of acceptance ............................................................................................ 40
I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations. .......... 40
Invesco India Gold ETF Fund of Fund
3
SECTION I
PART I - HIGHLIGHTS / SUMMARY OF THE SCHEME
Sr. No. Title Description
I. Name of the
Scheme
Invesco India Gold ETF Fund of Fund
II. Category of
the Scheme
FoF (Domestic)
III. Scheme type An open ended fund of fund scheme investing in Invesco India Gold Exchange Traded
Fun
d
IV. Scheme Code INVM/O/O/FOD/11/06/0021
V. Investment
Objective
To provide returns that closely corresponds to returns provided by Invesco India Gold
Exchange Traded Fund.
There is no assurance that the investment objective of the Scheme will be achieved.
VI. Liquidity
details
The Scheme offers Units for Subscription and Redemption at NAV based prices on all
Business Days on an ongoing basis.
Under normal circumstances, the AMC will transfer / dispatch redemption or repurchase
proceeds within 3 Business Days from the date of acceptance of redemption or
repurchase requests at the Official Points of Acceptance.
However, in case of exceptional circumstances prescribed by AMFI vide it’s letter no.
AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023, in consultation with
SEBI, redemption or repurchase proceeds shall be transferred / dispatched to Unitholders
within the time frame prescribed for such exceptional circumstances.
VII. Benchmark Price of Gold
On the basis of investment objective/ asset allocation pattern of the Scheme, price of the
gold is currently selected as the First tier Benchmark from the list of benchmark
circulated by AMFI to be used by AMCs as a First Tier Benchmark, pursuant to para 1.9
as per SEBI Master Circular dated May 19, 2023 on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’.
The Benchmark Index for the Scheme is price of gold. The performance of the Scheme
will be benchmarked against the domestic price of gold. Since the Scheme would
primarily invest in Invesco India Gold ETF which in turn invests in physical gold, the
aforesaid benchmark is most suitable for com
p
arin
g
the
p
erformance of the Scheme.
VIII. NAV
Disclosure
The AMC will calculate the NAVs on daily basis and predominantly disclose the NAVs
under a separate headings on the website of the Fund (www.invescomutualfund.com) and
AMFI website of (www.amfiindia.com) on or before 10.00 a.m. on the next Business
Day.
For more details on NAV disclosure, refer to details in Section II.
IX. Applicable
timelines
The applicable timelines for dispatch / transfer of redemption proceeds and IDCW are as
follows:
Dispatch / Transfer of redemption proceeds: within 3 working days from the date
of acceptance of redemption or repurchase requests at the Official Points of
Acceptance.
Dispatch / Transfer of IDCW : within 7 working days from record date.
X. Plans and
Options
Plans /
Options and
sub options
under the
Scheme
The Scheme offers two Plans as follows:
Invesco India Gold ETF Fund of Fund
Invesco India Gold ETF Fund of Fund - Direct Plan
Each of the above Plans under the Scheme offers following options:
Growth option
Income Distribution cum Capital Withdrawal (‘IDCW’)
Payout of Income Distribution cum Capital Withdrawal option (‘IDCW
Payout’)
Invesco India Gold ETF Fund of Fund
4
Sr. No. Title Description
Reinvestment of Income Distribution cum Capital Withdrawal option
(‘IDCW Reinvestment’)
If IDCW payable under IDCW Payout option is equal to or less than Rs. 100/-, then
the IDCW would be compulsorily reinvested in the respective plan/option of the
Scheme.
Default option / facility:
Name of the option Default
Growth / Income Distribution cum Capital Withdrawal option
(‘IDCW’)
Growth
Payout of Income Distribution cum Capital Withdrawal option
(‘IDCW Payout’)
Reinvestment of Income Distribution cum Capital Withdrawal
option (‘IDCW Reinvestment’)
IDCW
Reinvestment
For detailed disclosure on default plans and options, kindly refer SAI.
XI. Load
Structure
Exit Load^: NIL
^Exit Load charged, if any, will be credited back to the scheme, net of Goods and
Services Tax.
For more details on Load Structure, refer to the section ‘Load Structure’.
XII. Minimum
Application
Amount /
switch-in
On Continuous Basis:
For Purchase - Rs. 1,000/- per application and in multiples of Re.1/- thereafter.
For Switch-in - Rs. 1,000/- per application and in multiples of Re. 0.01
/
- thereafter.
XIII. Minimum
Additional
Purchase
Amount
For Purchase - Rs. 1,000/- per application and in multiples of Re.1/- thereafter.
For Switch-in - Rs. 1,000/- per application and in multiples of Re. 0.01/- thereafter.
XIV. Minimum
Redemption /
switch-out
amount
Rs. 1,000/- or 0.001 Unit or account balance whichever is lower.
XV. Segregated
portfolio / side
pocketing
disclosure
The Scheme do not have enabling provisions for creation of segregated portfolio.
XVI. Stock lending
/ short sellin
g
The Scheme will not engage in securities lending and short selling of securities.
XVII. How to
Apply and
other details
Application form and Key Information Memorandum may be obtained from Official
Points of Acceptance (OPAs) / Investor Service Centres (ISCs) of the AMC or RTA or
Distributors or can be downloaded from our website www.invescomutualfund.com. The
list of the OPA / ISC are available on our website as well. Application form duly filled
and signed should be submitted at the OPA / ISC. The list of OPA / ISCs are available on
our website.
Fo
r
furthe
r
details, please refer to the SAI and Application form fo
the instructions.
XVIII. Investor
services
Contact details for general service requests:
For AMC For RTA
Invesco Asset Management (India) Pvt. Ltd.
2101-A, A Wing, 21
st
Floor, Marathon
Futurex, N. M. Joshi Marg,
Lower Parel, Mumbai - 400 013
Tel: +91 22 67310000
Fax: +91 22 23019422
KFin Technologies Ltd.
Karvy Selenium Tower B, Plot No 31
& 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032
Tel No.: (040) 6716 2222
Invesco India Gold ETF Fund of Fund
5
Sr. No. Title Description
E-mail: [email protected] E-mail: [email protected]
Contact details for complaint resolution:
Investors can contact at the addresses given above for complaint resolution. They can
also address their complaints to Mr. Surinder Singh Negi - Director & Head - Operations
and Customer Services at the address of AMC given above.
Further, investors may also approach SEBI for redressal of their complaints / grievances.
Investors may lodge their complaints through SCORES (SEBI Complaints Redress
System - https://scores.sebi.gov.in) or Online Dispute Resolution Portal (“ODR Portal”)
(https://smartodr.in/login) to resolve the grievances through online conciliation and
online arbitration. For details, please refer to SAI.
XIX. Special
product /
facility
available
The Special Products available in the Scheme are as follows:
1. Systematic Investment Plan (‘SIP’)
a. Top up facility
b. Pause facility
c. Modify facility
2. Systematic Transfer Plan (‘STP’)
a. Fixed STP
b. Flex STP
c. Appreciation STP
3. Systematic Withdrawal Plan (‘SWP’)
a. Fixed Option
b. Appreciation Option
4. Transfer of Income Distribution cum Capital Withdrawal (IDCW Transfer Plan)
The Scheme also offers following facilities:
1. Online/Internet Systematic Investment Plan (‘ISIP’) facility
2. Switching Options
a. Inter - Scheme Switching
b. Intra - Scheme Switching
3. Application via electronic mode
4. Purchase/Redemption / Switch of units through Stock Exchange Infrastructure
5. Transaction through electronic platform
6. National Automated Clearing House (‘NACH’) facility
The details of Frequency, Minimum amount and multiples, Minimum No. of Instalments
and Dates for SIP, STP and SWP are as follows:
SIP SWP & STP
Details: Frequency
SIP-Monthly/Quarterly,
SWP-Weekly/Monthly/Quarterly,
Fixed STP- Daily/ Weekly/ Fortnightly/ Monthly/
Quarterly,
Flex STP- Monthly/Quarterly,
Appreciation STP- Monthly/Quarterly
SIP SWP & STP
Details: Minimum
amount
SIP-Monthly:500; Quarterly: 1500,
SWP-Weekly/Monthly:1000;Quarterly:1500,
Fixed STP- Daily:500; Weekly/ Fortnightly/
Monthly:1000 Quarterly:1500;
Flex STP- Monthly:1000; Quarterly:1500,
Appreciation STP- Monthly/Quarterly:500
SIP SWP & STP
Details: In multiple of
SIP - 1, SWP - 1, STP - 1
SIP SWP & STP
Details: Minimum
Instalments
SIP -Monthly -12 (where the amount of each installment
is Rs. 500 or more but less than Rs. 1,000) or 6 (where the
amount of each installment is Rs. 1,000 or more),
Quarterly- 4 ;
Invesco India Gold ETF Fund of Fund
6
Sr. No. Title Description
SWP - Weekly/Monthly-6, Quarterly-4 ;
Fixed STP: Daily-12, Weekly/Fortnightly/ Monthly -6 ,
Quarterly- 4;
Flex STP: Monthly -6, Quarterly- 4
SIP SWP & STP
Details: Dates
SIP -Any date except 29th, 30th or 31st of the month;
SWP -First business day of the week in case of weekly
frequency and on 3rd, 10th, 15th, 20th or 25th of each
month /quarter;
Fixed STP:
Daily - Business Day for source scheme as well as target
scheme.
Weekly- Monday to Friday.
Monthly / Quarterly - Any date choice except 29th, 30th
& 31st;
Flex / Appreciation STP- Any date except 29th, 30th and
31st
For further details of above special products / facilities, kindly refer SAI.
XX. Weblink TER for last six months and Daily TER
https://invescomutualfund.com/about-us?tab=Statutory&active=ExpenseRatioDisclosure
Factsheet - https://invescomutualfund.com/literature-and-form?tab=Factsheets
Invesco India Gold ETF Fund of Fund
7
DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY
It is confirmed that:
(i)
The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual
Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.
(ii)
All legal requirements connected with the launching of the Scheme as also the guidelines,
instructions, etc., issued by the Government and any other competent authority in this behalf were
complied with.
(iii)
The disclosures made in the Scheme Information Document are true, fair and adequate to enable
the investors to make a well informed decision regarding investment in the Scheme.
(iv)
The intermediaries named in the Scheme Information Document and Statement of Additional
Information are registered with SEBI and their registration is valid, as on date.
(v)
The contents of the Scheme Information Document including figures, data, yields etc. have been
checked and are factually correct.
(vi)
The AMC has complied with the compliance checklist applicable for Scheme Information
Documents and there are no deviations from the regulations.
(vii)
Notwithstanding anything contained in this Scheme Information Document, the provisions of the
SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.
(viii)
The Trustees have ensured that Invesco India Gold ETF Fund of Fund approved by them is a new
product offered by Invesco Mutual Fund and is not a minor modification of any existing
scheme/fund/product.
For Invesco Asset Management (India) Pvt. Ltd.
(Investment Manager to Invesco Mutual Fund)
Sd/-
Suresh Jakhotiya
Head - Compliance
Place: Mumbai
Date: June 30, 2024
Invesco India Gold ETF Fund of Fund
8
PART II - INFORMATION ABOUT THE SCHEME
A. Assets Allocation
Under normal circumstances, the asset allocation of the Scheme would be as follows:
Instruments
Indicative Allocations
(% of total assets)
Minimum Maximum
Units of Invesco India Gold ETF 95 100
Money Market Instruments* 0 5
* For the purpose of managing liquidity.
The Scheme shall have exposure to following instruments as per the percentages prescribed below and
actual instrument/percentages may vary subject to applicable circulars:
Sl. no Type of Instrument Percentage of exposure Circular references
1.
Liquid Scheme of Invesco
Mutual fund or scheme of
other Mutual Fund
investing in money market
instruments
Upto 5% of net assets at fund
house level
Clause 4 of Seventh Schedule of
SEBI MF Regulations.
2.
Short term deposits of all
the Scheduled Commercial
Banks (pending
deployment)
Upto 15% of net assets (Upto
20% of net assets with
Trustee Approval)
Para 12.16 as per SEBI Master
Circular dated May 19, 2023.
3.
Triparty Repo (TREPS) on
Government securities or
treasury bills.
Upto 5% of net assets of the
Scheme
As per asset allocation table
The Scheme will not invest in following:
Sr no Type of instrument
1. Derivatives
2. Securitized debt
3. Debt instruments with special features (AT1 and AT2 bonds)
4. Debt Instruments having Structured Obligation (SO rating) and / or
Credit Enhancements (CE rating)
5. Securities lending and short selling
6. Overseas Securities
7. ReITs and InvITs
8. Repo in Corporate Debt Securities
9. Credit Default Swaps
In line with para 12.24 of SEBI Master Circular on Mutual Funds dated May 19, 2023, the cumulative
gross exposure through Units of Invesco India Gold ETF, money market instruments, repos, mutual fund
schemes, other permitted securities/assets and such other securities/assets as may be permitted by the SEBI
from time to time, subject to regulatory approvals, if any, should not exceed 100% of the net assets of the
scheme.
Cash and cash equivalents with residual maturity of less than 91 days may be treated as not creating any
exposure. SEBI vide letter dated November 3, 2021 has clarified that Cash Equivalent shall consist of
Government Securities, T-Bills and Repo on Government Securities.
In addition to the instruments stated in the table above, the Scheme may enter into repos/reverse repos as
may be permitted by RBI. From time to time the Scheme may hold cash. A part of the net assets may be
invested in the Triparty repo (TREPS) on Government securities or treasury bills or repo or in an
alternative investment as may be provided by RBI to meet the liquidity requirements.
Invesco India Gold ETF Fund of Fund
9
Subject to the SEBI Regulations, the asset allocation pattern indicated above may change from time to
time, keeping in view market conditions, market opportunities, applicable regulations and political and
economic factors. It must be clearly understood that the percentages stated above are only indicative and
not absolute. These proportions can vary substantially depending upon the perception of the fund manager;
the intention being at all times to seek to protect the interests of the Unit holders. Such changes in the
investment pattern will be for short term and for defensive considerations only. The fund manager will
restore asset allocation in line with the asset allocation pattern within 5 (five) Business Days.
Rebalancing due to Passive Breaches:
Further, as per para 2.9 of SEBI Master Circular dated May 19, 2023, as may be amended from time to
time, in the event of deviation from mandated asset allocation due to passive breaches (occurrence of
instances not arising out of omission and commission of the AMC), the fund manager shall rebalance the
portfolio of the Scheme within 30 Business Days. In case the portfolio of the Scheme is not rebalanced
within the period of 30 Business Days, justification in writing, including details of efforts taken to
rebalance the portfolio shall be placed before the Investment Committee of the AMC. The Investment
Committee, if it so desires, can extend the timeline for rebalancing up to sixty (60) Business Days from the
date of completion of mandated rebalancing period. Further, in case the portfolio is not rebalanced within
the aforementioned mandated plus extended timelines the AMC shall comply with the prescribed
restrictions, the reporting and disclosure requirements as specified in para 2.9 of SEBI Master Circular
dated May 19, 2023.
B. Where will the scheme invest?
The corpus of the Scheme will be invested in Units of Invesco India Gold Exchange Traded Fund (Invesco
India Gold ETF), and money market instruments and other permitted securities which will include but not
limited to:
1. Units of Invesco India Gold ETF
2. Money Market Instruments
3. liquid scheme of Invesco Mutual Fund or of any other mutual fund
4. Short term deposits of the scheduled commercial banks (Pending deployment of funds)
5. Any other securities as permitted by SEBI/RBI from time to time.
For details, refer Section II.
C. Investment Strategy
To achieve investment objective, the Scheme will predominantly invest in units of Invesco India Gold ETF.
The investments could be made either directly with the Underlying Scheme or through the secondary
market. The Scheme will also invest in money market instruments. The investment strategy would largely
be passive in nature.
The AMC shall endeavor that the returns of Invesco India Gold ETF Fund of Fund will replicate the returns
generated by Invesco India Gold ETF and is not expected to deviate more than 2%, on an annualized basis
net of recurring expenses of the Scheme.
Note: Pursuant to Para 8.4.6.2 of SEBI Master Circular dated May 19, 2023, the NAV to be applied for
subscription / switch-in is based on the realization of funds irrespective of subscription amount w.e.f.
February 1, 2021. Hence the delay in receipt of funds is not likely to have material impact on the ability of
the Scheme to replicate the returns generated by Invesco India Gold ETF as the funds will be available for
deployment immediately on the day the NAV is applied for subscription transaction. The AMC will on
immediate basis deploy the clear funds available in the Scheme account either through Stock Exchange
platform or directly with the Fund.
A. Utilization of Funds
Transactions are accepted before the cut off time as specified by SEBI from time to time. All the
transactions are reported in our Registrars & Transfer Agents system by the respective branches across
India and funds get deposited into the banks accounts. On the basis of clear funds being available for
deployment, cash flows are reported to the fund manager on timely basis.
Invesco India Gold ETF Fund of Fund
10
The inputs regarding cash flows by various modes of acceptance will be planned on a daily basis. The
subscription/redemption request will also be reported and used as a basis for investing in Invesco India
Gold ETF on realization of funds. This will also form the basis for subsequent deployment of funds in
Invesco India Gold ETF. The deployment will be carefully planned on the basis of the mode of acceptance
of instrument to moderate tracking error.
Fund manager will either purchase the units of Invesco India Gold ETF on Stock Exchange or subscribe
directly to Invesco India Gold ETF (directly with Fund) depending on market dynamics in the best interest
of investors.
Risk Control
Risk is an inherent part of the investment function. Effective risk management is critical to fund
management for achieving financial soundness. Investments by the Scheme shall be made as per the
investment objectives of the Scheme and provisions of SEBI regulations. AMC has incorporated adequate
safeguards to manage risk in the portfolio construction process. Risk control would involve managing risk
in order to keep it in line with the investment objective of the Scheme. The risk control process involves
identifying & measuring the risk through various risk measurement tools like but not limited to tracking
error etc. The AMC will take following measures for controlling risk of tracking error:
Tracking Error means the variance between daily returns of underlying benchmark (domestic price of gold
in this case) and NAV of the Scheme for any given period.
Source of Tracking Error Measures to be taken by AMC to reduce Tracking Error
Variance in NAV of the Underlying
Scheme and closing price on the Stock
Exchange.
Purchase/Sale of units of Underlying
Scheme in other than Creation Unit Size on
the Stock Exchange.
The AMC has appointed Market Maker for Invesco India
Gold ETF to enhance liquidity on the Stock Exchange and
reduce the impact cost. This will ensure that quotes on the
Stock Exchange are close to NAV. This will help AMC to
minimize tracking error.
Funds flows in Invesco India Gold ETF
Fund of Fund of value lesser than Creation
Unit Size of Invesco India Gold ETF
For small amounts of inflows/outflows which are less than
the Creation Unit Size of Invesco India Gold ETF, the Gold
ETF FoF will buy/sell Invesco India Gold ETF units on the
Stock Exchange without waiting for additional subscription
redemption to minimize tracking error.
The trade execution prices for Invesco
India Gold ETF on Stock Exchange may
be different from NAV of Invesco India
Gold ETF.
The execution price of Invesco India Gold ETF will be a
factor of demand/supply on the Stock Exchange. The
difference tends to average out over a longer time horizon
and that will moderate tracking error. Also considering the
fact that Authorised Participant(s) can subscribe / redeem
directly with the Fund in Creation Unit Size, the large
premium/ discount to NAV will not sustain.
The holding of a cash position and accrued
income prior to distribution of income and
payment of accrued expenses, funds to
meet redemptions, recurring expenses etc.
AMC will keep offsetting the expenses/interest against the
net inflows/ outflows and keep investing in/redeeming the
balance amount from Invesco India Gold ETF to minimize
the tracking error in best interest of investors.
The tracking error for Invesco India Gold ETF for the last 3 months is as under:
March 2024 A
p
ril 2024 Ma
y
2024
0.20% 0.21% 0.20%
Portfolio Turnover
The Scheme being an open-ended Scheme, it is expected that there would be a number of subscriptions and
redemptions on a daily basis. The fund management team depending on its view and subject to there being
an opportunity, may trade in securities, which will result in increase in portfolio turnover. The fund
manager will endeavor to optimize portfolio turnover to maximize gains and minimize risks keeping in
Invesco India Gold ETF Fund of Fund
11
mind the cost associated with it. However, it is difficult to measure with reasonable accuracy the likely
turnover in the portfolio of the Scheme.
D. Benchmark Index
Benchmark
Index
Justification
Price of Gold On the basis of investment objective/ asset allocation pattern of the Scheme, price of
the gold is currently selected as the First tier Benchmark from the list of benchmark
circulated by AMFI to be used by AMCs as a First Tier Benchmark, pursuant to para
1.9 as per SEBI Master Circular dated May 19, 2023 on ‘Guiding Principles for
bringing uniformity in Benchmarks of Mutual Fund Schemes’.
The Benchmark Index for the Scheme is price of gold. The performance of the Scheme
will be benchmarked against the domestic price of gold. Since the Scheme would
primarily invest in Invesco India Gold ETF which in turn invests in physical gold, the
aforesaid benchmark is most suitable for com
p
arin
g
the
p
erformance of the Scheme.
The Trustee / AMC reserve the right to change the benchmark for evaluation of performance of the Scheme
from time to time in conformity with the investment objectives and appropriateness of the benchmark
subject to SEBI Regulations and other prevailing guidelines.
E. Fund Managers
Name Age
(Yrs)
Educational
Qualifications
Total
number of
years of
experience
Tenure for
which Fund
Manager has
been managing
the Scheme
Assignments held
during the last 10 years
Mr. Krishna
Cheemalapati
53 Years B.E. (ECE),
PGDBA,
CFA (ICFAI,
Hyderabad)
More than
26 years of
experience in
Fixed
Income
market
4 Years & 4
Months
Jan 18, 2011 - till date
Invesco Asset
Management (India) Pvt.
Ltd.
Other schemes managed by Fund Manager Mr. Krishna Cheemalapati:
Name of the Scheme Fund Mana
g
er
Invesco India Corporate Bond Fund
Mr. Vikas Garg and Mr. Krishna Cheemalapati
Invesco India Credit Risk Fund
Invesco India Gilt Fund
Invesco India Short Duration Fund
Invesco India Bankin
g
& PSU Fund
Invesco India Medium Duration Fund
Invesco India Money Market Fund
Mr. Krishna Cheemalapati and Mr. Vikas Garg
Invesco India Low Duration Fun
d
Invesco India Ultra Short Duration Fun
d
Invesco India Nifty G-sec Jul 2027 Index
Fund
Invesco India Nifty G-sec Jul 2032 Index
Fund
Invesco India Overnight Fund
Mr. Krishna Cheemalapati and Prateek Jain
Invesco India Liquid Fund
Invesco India Gold Exchange Traded Fun
d
Mr. Krishna Cheemalapati
Invesco India Aggressive Hybrid Fund Mr. Dhimant Kothari, Mr. Hiten Jain (for equity
investments) and Mr. Krishna Cheemalapati (for debt
investments)
Invesco India Equity Savings Fund Mr. Dhimant Kothari, Mr. Amit Nigam (for equity
Invesco India Gold ETF Fund of Fund
12
Name of the Scheme Fund Manager
investments), Mr. Deepak Gupta (For Arbitrage) and Mr.
Krishna Cheemalapati (for debt investments)
Invesco India - Invesco Global Consumer
Trends Fund of Fund
Mr. Amit Nigam and Mr. Krishna Cheemalapati (for debt
investments)
Invesco India - Invesco EQQQ NASDAQ-100
ETF Fund of Fund
F. How is the scheme different from existing schemes of the mutual fund?
Sr. No. Scheme Name Website Link
1. Invesco India - Invesco Pan European Equity
Fund of Fun
d
https://www.invescomutualfund.com/literature-
and-form?tab=Scheme
2. Invesco India - Invesco Global Equity
Income Fund of Fun
d
3. Invesco India - Invesco Global Consumer
Trends Fund of Fun
d
4. Invesco India - Invesco EQQQ NASDAQ-
100 ETF Fund of Fund
5. Invesco India Gold ETF Fund of Fun
d
G. How has the scheme performed?
The performance of the Scheme as on May 31, 2024 is as follows:
H. Additional Scheme Related Disclosures
i. Scheme’s Portfolio Holding (top 10 holdings by issuer and fund allocation towards various sectors):
https://www.invescomutualfund.com/literature-and-form?tab=Complete
ii. Portfolio Disclosure:
a. Monthly
https://invescomutualfund.com/literature-and-form?tab=Complete
b. Half yearly:
https://www.invescomutualfund.com/literature-and-form?tab=HalfYearlyHoldings
Invesco India Gold ETF Fund of Fund
13
iii. Aggregate investment in the Scheme by Fund Manager(s) of the Scheme
Category of Persons Net Value Market Value (in
Rs.)
Units NAV per unit
Concerned scheme’s Fund
Manager(s)
NIL NIL NIL
For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory
provisions in this regard kindly refer SAI.
iv. Investments of AMC in the Scheme:
Provisions of Regulation 25(16A) of the Regulations with respect to seed capital investments are not
applicable to the Scheme. However, the investments made by the AMC as mandated under prevailing
Regulation 28 shall be maintained at all points of time till the Scheme is wound up.
As per the existing SEBI (MF) Regulations, the AMC will not charge investment management and
advisory fee on the investment made by it in the Scheme.
Website link to review details of investments by the AMC in the Scheme is as follows:
https://www.invescomutualfund.com/literature-and-form?tab=Scheme
Part III. OTHER DETAILS
A. Computation of NAV
The Net Asset Value (NAV) per Unit of the Scheme will be computed by dividing the net assets of the
Scheme by the number of Units outstanding on the valuation day. The Mutual Fund will value its
investments according to the principle of fair valuation as specified in Schedule VIII of the SEBI (MF)
Regulations, or such norms as may be specified by SEBI from time to time.
The Net Assets Value (NAV) per unit Units of the Scheme shall be calculated by either of the following
methods shown below:
NAV (Rs.) = Market or Fair Current Assets Current Liabilities
Value of Scheme's + including Accrued - and Provisions
Investments Income
____________________________________________________________
No. of Units outstanding under Scheme on the Valuation Day
Or
NAV (Rs.) =
Unit Capital + Reserves and Surplus
No. of Units outstanding under the Scheme on the
Valuation Day
Illustration of Computation of NAV:
The computation of NAV per unit using various components is explained as follows:
Particulars Amount in Rs.
Market or Fair Value of Scheme’s Investments ……(A) 10,00,00,000.00
Add: Current Assets includin
g
Accrued Income …..
(
B
)
75,34,345.00
Less: Current Liabilities and Provisions …………..(C) (30,00,000.00)
Net Assets (A+B-C) 10,45,34,345.00
No. of Units outstanding under Scheme on the Valuation Day: 10,00,000
The NAV per unit will be computed as follows: 10,45,34,345 / 10,00,000= Rs. 10.4534 p.u. (rounded off to
four decimals).
Invesco India Gold ETF Fund of Fund
14
For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities,
procedure in case of delay in disclosure of NAV etc. refer to SAI.
Methodology for calculation of sale and re-purchase price of the units:
Ongoing price for subscription (purchase) / switch-in (from other schemes/plans of the mutual
fund) by investors.
The purchase price of Units is the price at which an investor can subscribe / purchase Units of the Scheme.
During the continuous offer of the Scheme, the Units will be available at the Applicable NAV.
Pursuant to para 10.4.1.a of SEBI Master Circular dated May 19, 2023, there is no entry load for purchase
of Units of the Scheme. Accordingly, Purchase Price will be equal to Applicable NAV.
Example: The applicable NAV of the Scheme is Rs. 11.00 p.u. Since Entry load is not applicable, the sale /
subscription price will be calculated as follows:
Sale / Subscription Price = Applicable NAV*(1+ Entry Load)
= Rs. 11*(1+0)
= Rs. 11.00*1
= Rs.11.00
The investors should also note that stamp duty at the applicable rate will be levied on applicable
transactions i.e. purchase, switch-in, IDCW reinvestment, instalment of Systematic Investment Plan,
Systematic Transfer Plan. Accordingly, pursuant to levy of stamp duty, the number of units allotted will be
lower to that extent. For more details & impact of stamp duty on number of units allotted, please refer SAI.
Ongoing price for redemption (sale) / switch outs (to other schemes/plans of the Mutual Fund) by
investors
Ongoing price for redemption /switch out (to other schemes/plans of the Mutual Fund) is price which a
Unit holder will receive for redemption/switch-outs.
During the continuous offer of the Scheme, the Unit holder can redeem the Units at applicable NAV,
subject to payment of Exit Load, if any. It will be calculated as follows:
Redemption Price = Applicable NAV*(1-Exit Load, if any)
Example 1: The applicable NAV of the Scheme is Rs. 11.00 p.u. If the applicable Exit Load at the time of
investments is 1%, then the repurchase / redemption price will be calculated as follows:
= Rs. 11.00*(1-0.01)
= Rs.11.00*0.99
= Rs. 10.89
Example 2: The applicable NAV of the Scheme is Rs. 11.00 p.u. If the applicable Exit Load at the time of
investment is Nil, then the repurchase / redemption price will be calculated as follows:
Repurchase / Redemption Price = Applicable NAV*(1-Exit Load)
= Rs. 11.00*(1-0)
= Rs.11.00*1
= Rs. 11.00
Invesco India Gold ETF Fund of Fund
15
Since the Scheme is not an equity scheme, Securities Transaction Tax (STT) is not applicable.
The Redemption / Repurchase Price will not be lower than 95% of the Applicable NAV.
B. New Fund Offer (NFO) Expenses
These expenses are incurred for the purpose of various activities related to the NFO like sales and
distribution fees paid, marketing and advertising, registrar expenses, printing and stationery, bank charges
etc.
As per SEBI Regulations, new fund offer expenses were not charged to the Scheme.
C. Annual Scheme Recurring Expenses
These are the fees and expenses for operating the Scheme. These expenses include Registrar and Transfer
Agents’ fee, marketing and selling costs etc. as given in the table below:
The AMC has estimated that upto 0.75% of the daily net assets of the Scheme will be charged to the
scheme as expenses. For the actual current expenses being charged, the investor should refer to the website
of the Fund.
Expense Head
% of daily Net
Assets*
(Estimated
p
.a)
Fees & Expenses of Trustees
Up to 0.75
Audit Fees
Custodian Fees
Registrar & Transfer Agent Fees including cost of providing account statement /
IDCW / redemption cheques / warrants
Marketing & Selling Expenses including Agents Commission**
Costs related to investor communications
Costs of fund transfer from location to location
Cost of Statutor
y
Advertisements
Payment towards brokerage & transaction cost over and above 12 bps and 5 bps for
cash and derivative market trades respectively
Goods and Services Tax on ex
p
enses other than investment and advisor
y
fees
Goods and Services Tax on brokerage and transaction cost
Maximum Total expenses ratio (TER) permissible under Regulation 52 (6) (a) Upto 0.75
Additional expenses under Regulations 52(6A)(c) # Upto 0.05
Additional expenses for gross new inflows from specified cities Upto 0.30
Note - No Investment Management & Advisory Fee will be charged to the Scheme.
#these expenses will not be charged if exit load is not levied / not applicable to the Scheme.
In addition to the expenses mentioned in table above, brokerage and transaction costs incurred for the
purpose of execution of trade upto 0.12% (12 bps) of value of trade in case of cash market transaction and
0.05% (5 bps) of value of trade in case of derivative transactions shall also be charged to the Scheme (as
provided in Regulation 52(6A) (a) of the Regulations).
*All fees and expenses charged in a Direct Plan (in percentage terms) under various heads including the
investment and advisory fee^ shall not exceed the fees and expenses charged under such heads in a Existing
/ Regular Plan. Commission and distribution expenses will not be charged to the Direct Plan. Further,
Direct Plan under the scheme will have a separate NAV.
Further, the AMC may charge expenses not exceeding 0.05% of daily net assets to the Scheme, towards
recurring expenses as specified under regulation 52(6A)(c). However, such additional expenses will not be
charged if exit load is not levied / not applicable to the scheme.
**For payment of Agents Commission, MF / AMC has adopted full trail model of commission without
payment of any upfront commission or upfronting of any trail commission, directly or indirectly, in cash or
kind, through sponsorships, or any other route. However, upfronting of trail commission will be allowed
for inflows through Systematic Investment Plans (SIPs) from new investors, up to 1% payable yearly in
Invesco India Gold ETF Fund of Fund
16
advance, for a maximum period of three years subject to guidelines provided by SEBI, as amended from
time to time. The upfront trail commission shall be paid from the books of the AMC and amortized on daily
basis to the scheme over the period for which the payment has been made.
In terms of Para 3.1 of SEBI Master circular dated May 19, 2023, investors are informed that they shall
bear the recurring expenses of the Scheme in addition to expenses of the Underlying Scheme (i.e. Invesco
India Gold ETF) in which the Scheme will make investment.
The purpose of the above table is to assist the investor in understanding various costs and expenses that an
investor in the Scheme will bear directly or indirectly. These estimates have been made in good faith as per
the information available with AMC based on past experience and are subject to change inter-se. The total
recurring expenses that can be charged to the Scheme will be subject to limits prescribed from time to time
under the SEBI (MF) Regulations.
As per Regulation 52 (6) (a) of SEBI (MF) Regulations, the total expenses of the Scheme including
weighted average of the total expense ratio levied by the underlying scheme(s) shall not exceed 1.00% of
the daily net assets of the Scheme.
Provided that the TER to be charged over and above the weighted average of the TER of the underlying
scheme shall not exceed two times the weighted average of the TER levied by the underlying scheme,
subject to overall ceiling as stated above.
Additional Distribution Expenses in case of new inflows from specified cities (Regulation 52 (6A) (b))
In addition to total expenses ratio (TER) as specified above, the AMC will charge expenses not exceeding
0.30% of daily net assets if the new inflows in the scheme from such cities, as specified by SEBI from time
to time, are at least under):
(i) 30% of gross new inflows in the scheme, or;
(ii) 15% of the average assets under management (year to date) of the scheme,
whichever is higher.
In case, inflows from such cities is less than the higher of (i) or (ii) of above, such expenses on daily net
assets of scheme will be charged on proportionate basis in accordance with para 10.1.3 of SEBI Master
Circular dated May 19, 2023.
The additional expenses on account of inflows from such cities charged will be credited back to the scheme
in case the said inflows are redeemed within a period of one year from the date of investment.
The additional expenses charged in case of inflows from such cities will be utilized for distribution
expenses incurred for bringing inflows from such cities.
The additional TER in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 shall be
charged upto 30 basis points on daily net assets of the scheme based on inflows only from retail investors
beyond Top 30 cities (B 30 cities). Inflows of amount upto Rs. 2,00,000 per transaction by individual
investors shall be considered as inflows from retail investors. Top 30 cities shall mean top 30 cities based
on Association of Mutual Funds in India (AMFI) data on ‘AUM by Geography - Consolidated Data for
Mutual Fund Industry’ as at the end of the previous financial year.
The additional commission for B 30 cities shall be paid as trail only.
Note: Pursuant to AMFI email dated March 2, 2023 with respect to keeping the B-30 incentive
structure in abeyance, the AMC will not charge additional 30 bps on new inflows garnered from
retail investors from B-30 cities till further notice.
The total expenses of the scheme(s) shall not exceed the limits stated in Regulation 52 of the SEBI (MF)
Regulations.
All Scheme related expenses including commission paid to distributors, by whatever name it may be called
and in whatever manner it may be paid, shall necessarily be paid from the Scheme only within the
regulatory limits and not from the books of the AMC, its Associate, Sponsor, Trustee or any other entity
through any route.
Invesco India Gold ETF Fund of Fund
17
However, expenses that are very small in value but high in volume may be paid out of AMC’s books at
actuals or not exceeding 2 bps of respective Scheme AUM, whichever is lower. A list of such
miscellaneous expenses will be as provided by AMFI in consultation with SEBI.
The Fund will update the current expense ratios on its website atleast three working days prior to the
effective date of the change. The investors can refer to https://www.invescomutualfund.com/about-
us?tab=Statutory for Total Expense Ratio (TER) details.
Additionally, the Fund will disclose the Total Expense Ratio (TER) of the Scheme on daily basis on the
website of AMFI (www.amfiindia.com).
Further, any change in the base TER (i.e. TER excluding additional expenses provided in Regulation 52
(6A) (b) and 52 (6A) (c) of SEBI (Mutual Funds) Regulations, 1996 and Goods & Services Tax on
investment and advisory fees^) in comparison to previous base TER charged to the Scheme / Plan shall be
communicated to investors of the Scheme / Plan through notice via email or SMS and will be uploaded on
the website (https://www.invescomutualfund.com/about-us?tab=Statutory) at least three working days prior
to effecting such change.
^No Investment Management & Advisory Fee will be charged to the Scheme.
Illustration of impact of expense ratio on Scheme’s returns is as follows:
Particulars Regular
Plan
Direct Plan
Amount Invested at the beginning of the year (Rs.)
10,000 10,000
Annualized Gross Return (Assumed)
7.0% 7.0%
Gross Returns Before Expenses (Rs.)
700 700
Expenses other than Distribution Expenses (Rs.)
100 100
Distribution Expenses (Rs.)
50 -
Total Expense Ratio (p.a.)
1.00% 0.75%
Returns after Expenses at the end of the Year (Rs.)
550 600
Returns after Expenses at the end of the Year in % (Annualized)
5.50% 6.00%
Note: The above is just an illustration to explain an impact of the expense ratio on the performance of the
Scheme. The actual return generated by the Scheme will change from time to time.
D. Load Structure
Exit Load is an amount which is paid by the investor to redeem the Units from the Scheme. Load amounts
are variable and are subject to change from time to time. For the current applicable structure, please refer to
the website of the AMC (www.invescomutualfund.com) or you may call at 1800 209 0007 (toll-free) or
you can contact your distributor.
For Lump sum Purchases and investments through Systematic Investment Plan (SIP)
Type of Load Load chargeable (as % of NAV)
Exit Load^ Exit Load: NIL
For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan
(SIP) / Systematic Transfer Plan (STP) / IDCW Transfer Plan, exit load will be as
follows:
if units are redeemed / switched out within 30 days from the date of allotment -
0.25%
if units are redeemed/switched out after 30 days from the date of allotment, no exit
load is payable.
Switch between the Plans under the Scheme: Nil
^Exit Load charged, if any, will be credited back to the scheme, net of Goods and Services Tax.
Invesco India Gold ETF Fund of Fund
18
No Exit Load will be levied on Units issued on IDCW reinvested.
No Exit Load will be levied on Units issued as bonus units.
A switch-out or a withdrawal under SWP will also attract an Exit Load like any Redemption.
Load Structure in the Transferee Scheme (target scheme) prevailing at the time of submission of STP
application (whether for fresh enrolment or extension) will be applicable for all the investments through
STP specified in the SID of the Scheme.
The investor is requested to check the prevailing load structure of the Scheme before investing. Investors
may refer to the current applicable Load structure by referring to the SID on the AMC website or by calling
at 1800 209 0007 (toll-free).
Under the Scheme, the AMC reserves the right to change / modify the Load structure if it so deems fit in
the interest of smooth and efficient functioning of the Mutual Fund. The AMC reserves the right to
introduce / modify the Load depending upon the circumstances prevailing at that time subject to maximum
limits as prescribed under the SEBI Regulations. The Load may also be changed from time to time and in
the case of an Exit Load this may be linked to the period of holding.
The Redemption / Repurchase Price will not be lower than 95% of the Applicable NAV.
Any imposition or enhancement of Load in future shall be applicable on prospective investments only. At
the time of changing the Load Structure:
1. The addendum detailing the changes will be displayed on the Website of the Fund
(www.invescomutualfund.com).
2. The addendum detailing the changes will be attached to SID and Key Information Memorandum.
The addendum will be circulated to all the distributors / brokers so that the same can be attached
to all SIDs and Key Information Memorandum already in stock.
3. Arrangements will be made to display the addendum in the form of a notice in all the Investor
Service Centres and distributors / brokers office.
4. The introduction of the exit load along with the details will be stamped in the acknowledgement
slip issued to the investors on submission of the application form and will also be disclosed in the
accounts statement issued after the introduction of such load.
5. Any other measure which the AMC may consider necessary
Invesco India Gold ETF Fund of Fund
19
SECTION II
I. INTRODUCTION
A. Definition / Interpretation
For the meaning of words, expressions and abbreviations used in this Scheme Information Document,
interpretations, please click on the functional website Link given below:
https://www.invescomutualfund.com/literature-and-form?tab=Scheme
B. Risk Factors
Scheme specific risk factors
The investors of the Scheme will bear dual recurring expenses and possibly dual loads viz. the recurring
expenses of the Scheme in addition to recurring expenses of Invesco India Gold Exchange Traded Fund in
which the Scheme invests predominantly. Hence, the returns to the investors may be lower to the extent if
they had invested directly in the Underlying Scheme.
As the Scheme will predominantly invest in Invesco India Gold Exchange Traded Fund, the Scheme will
be subject to following risk factors associated with investment in Invesco India Gold ETF:
As Invesco India Gold ETF will invest primarily in physical gold, the NAV of Invesco India Gold ETF as
well as this Scheme will react to the price of gold. The price of gold may vary for several reasons and all
such fluctuations will result in changes in NAV of the Units under Invesco India Gold ETF. The prices of
gold may be affected by several factors such as demand and supply of gold in India and in the global
market, change in political, economical environment and government policy, inflation trends, currency
exchange rates, interest rates, perceived trends in bullion prices, restrictions on the movement/trade of gold
by RBI, GOI or countries that supply/purchase gold to/from India etc.
Some of the key factors affecting gold prices are:
Demand & Supply of Gold
The price of gold is affected by demand & supply of gold in India and in the global markets. The
demand and supply of gold in turn is influenced by factors such as forward selling by gold
producers, purchases made by gold producers to unwind gold hedge positions, central bank
purchases and sales, level of production in the gold producing countries etc.
Central Bank Actions
Central banks hold a part of their reserves in gold to meet unexpected monetary needs,
diversification of risk etc. The quantum of their sale in the market is one of the major determinants
of gold prices. A higher supply than anticipated would lead to subdued gold prices and vice versa.
Central banks buy gold to augment their existing reserves and to diversify from other asset classes.
This acts as a support factor for gold prices.
Inflation Trends and Interest Rate Changes
Gold has always been considered a good hedge against inflation. Rising inflation rates typically
appreciate gold prices and vice versa. It has an inverse relationship with interest rates. As gold is
pegged to the US dollar, interest rates in US affect gold prices. Whenever interest rates fall, gold
prices increase. Lowering interest rates increases gold prices as gold becomes a better investment
option vis-a-vis debt products that earn lower interest and vice versa.
Currency fluctuation
As gold is pegged to the US dollar, it has an inverse relationship with the dollar. When the dollar
is weak, the investment in gold increases i.e. demands for gold increases and in turn the prices for
gold increases and vice versa.
Producer mining interest
Bringing new mines on-line is a time consuming and at times economically prohibitive process
that adds years onto potential supply increases from mining production. On the other hand, lower
Invesco India Gold ETF Fund of Fund
20
production has a positive effect on gold prices. Conversely excessive production capacities would
lead to a downward movement in gold prices as the supply goes up.
Geo-political concerns
Whenever there is geo-political strife, investors around the world rush to prevent erosion of their
investments and gold as a safe haven attracts one and all. Any uncertainty on the political front or
any war-like situation always acts as a booster to gold prices. The prices start building up war
premiums and hence such movements. Stable situations would typically mean stable gold prices.
For example after 9/11 terror strike in the United States the demand for gold had increased.
Since there is no Exchange for physical gold in India, the Mutual Fund is required to execute its transaction
for buy or sell of gold in the open market. This may lead to counter party risks for Invesco India Gold ETF.
Invesco India Gold ETF can sell gold only to bullion banks/trades that are authorized to buy gold. In some
circumstances, Invesco India Gold ETF may have to resort to distress sale if there is no or low demand for
gold to meet its cash requirements or to meet the expenses of Invesco India Gold ETF.
Invesco India Gold ETF is passively managed scheme. Invesco India Gold ETF’s performance may be
affected by a general decline in the price of gold. Invesco India Gold ETF invests in the physical gold
regardless of its investment merit. The AMC does not attempt to take defensive positions in declining
markets.
For valuation of units of Invesco India Gold ETF, indirect taxes like customs duty, Goods and Services
Tax, etc. would also be considered. Hence, any change in rates of indirect taxation would affect the
valuation of units of Invesco India Gold ETF. Conversion of underlying physical gold to the units of
Invesco India Gold ETF may attract capital gain tax depending on acquisition cost and holding period.
There is a risk that part or all of Invesco India Gold ETF’s gold could be lost, damaged or stolen. Access to
Invesco India Gold ETF’s gold could also be restricted by natural events (such as earthquake, flood) or
human actions (such as terrorist attack). Any of these actions may adversely affect the operations of
Invesco India Gold ETF and correspondingly an investment in Units.
Trading in units of Invesco India Gold ETF on the exchange may be halted because of market conditions or
for reasons that in view of exchange authorities or SEBI, trading in units of Invesco India Gold ETF is not
advisable. In addition, trading in units of Invesco India Gold ETF is subject to trading halts caused by
extraordinary market volatility and pursuant to Stock Exchange and SEBI circuit filter rules. There can be
no assurance that the requirements of Stock Exchange necessary to maintain the listing of units of Invesco
India Gold ETF will continue to be met or will remain unchanged.
The Scheme’s performance may depend upon the performance of Invesco India Gold ETF. The
performance of the Scheme could move in accordance with any change in investment policies or
fundamental attributes of Underlying Scheme. Further, Invesco India Gold ETF invests in physical gold.
The returns from physical gold may under-perform the general securities markets or different asset classes.
Different types of securities/asset class tend to go through cycles of out-performance and under-
performance in comparison to the general securities markets.
As the Scheme will predominantly invest in Invesco India Gold Exchange Traded Fund, the assets of the
Scheme will be valued at the market price of units of Underlying Scheme on the Principal Exchange. The
market price may be at a variance to the NAV of Underlying Scheme (at premium/ discount to NAV) on
account of market expectations, demand supply of the units, etc.
As a normal practice, it is always expected to receive cash on redemptions from the Underlying Scheme.
However, under exceptional circumstances, in case the Underlying Scheme is unable to sell for any reason
and delivers physical gold, there could be delay in payment of redemptions proceeds pending such
realization of physical gold.
The Scheme will subscribe to units of Invesco India Gold ETF in Creation Unit Size. When subscriptions
received are not adequate to invest in Creation Unit Size of Invesco India Gold ETF, the Scheme may be
constrained to deploy subscription in money market instruments which will have a different return profile
compared to gold returns profile. Alternatively, the Scheme may acquire Invesco India Gold ETF units
from the Stock Exchange resulting in a higher cost of acquisition due to variance in the price quoted on the
Stock Exchange and the underlying NAV. Similarly, where the Scheme is holding units in less than the
Creation Unit Size, the same can be sold only through the secondary market on the Stock Exchange where
these units are listed. The market price on the Stock Exchange may be at discount to NAV of Invesco India
Gold ETF thereby affecting returns of the Scheme.
The Portfolio disclosure of the Scheme will be limited to providing particulars of Underlying Scheme
where the Scheme has invested and will not include the investments made by Underlying Scheme.
Invesco India Gold ETF Fund of Fund
21
However, as the Scheme proposes to invest in Invesco India Gold ETF, the underlying assets will by and
large be physical gold.
Tracking Error Risk
Tracking Error means the variance between daily returns of underlying benchmark (domestic price of gold
in this case) and NAV of the Scheme for any given period. NAV of the Scheme is dependent on closing
price of units of Underlying Scheme on the Stock Exchange. Market price of units of Underlying Scheme
may be at variance to NAV of Underlying Scheme resulting in Tracking Error. For calculating NAV of
Underlying Scheme, the Gold has to be valued as per the formula provided by SEBI in its Para 3.2.2.1 of
SEBI Master circular dated May 19, 2023and circular issued from time to time.
Factors such as fees and expenses of Scheme, cash balance, changes to Underlying Scheme and regulatory
policies may affect AMC’s ability to achieve close correlation with the Benchmark Index. The Scheme’s
returns may therefore deviate from those of its Benchmark Index (domestic price of gold).
Tracking error could be the result of various factors including but not limited to:
2. The Scheme may buy or sell units of Underlying Scheme at different points of time during the day
at the then prevailing prices, this may not correspond to closing prices of units of Underlying
Scheme.
3. Delay in realisation of sale proceeds.
4. Subscription/redemption request in size less than Creation Unit Size thereby holding either cash or
cash equivalent or buying/selling of units of Underlying Scheme on Stock Exchange at the price
other than the closing price used for valuation.
5. The potential for trades to fail, which may result in the Scheme not having acquired gold at a price
necessary to track the benchmark price.
6. The holding of a cash position and accrued income prior to distribution of income and payment of
accrued expenses.
7. Disinvestments to meet redemptions, recurring expenses, IDCW payouts etc.
8. Transaction cost (including taxes and insurance premium) and recurring expenses.
The scheme will endeavor to minimize the tracking error by:
o Setting off of incremental subscriptions against redemptions;
o Use of gold related derivative instruments, as and when allowed by regulations;
o Rebalancing of the portfolio.
Given the structure of Invesco India Gold ETF, the AMC expects the tracking error to be lower. The AMC
will endeavor to keep the tracking error as low as possible. Under normal circumstances, such tracking
errors are not expected to exceed 2% per annum net of recurring expenses, subject to market volatility.
Risk associated with Money Market Instruments
Interest - Rate Risk
Money Market Instruments run interest-rate risk. Generally, when interest rates rise, prices of existing fixed
income securities fall and when interest rate falls, the prices increase. The extent of rise or fall in the price
is a function of existing coupon, days to maturity, increase or decrease in the level of interest rate, credit
quality, demand and supply. However, in case of Government securities as credit risk remains zero, their
prices are influenced by the movement in interest rates in the financial system.
In case of floating rate instruments, an additional risk could arise because of changes in the spreads of
floating rate instruments. With increase in spread of floating rate instruments, price can fall and with
decrease in spread of floating rate instruments, prices can rise. Moreover, floating rate instruments having a
periodical interest rate reset carry lower interest rate risk compared to a fixed rate debt security. However,
in falling interest rate scenario, the returns on floating rate debt instruments may not be better than those on
fixed rate debt instruments.
Credit Risk
Credit risk or default risk refers to the risk that the issuer of a fixed income security may default on interest
payment or even in paying back the principal amount on maturity. Even where no default occurs, the price
of a security may be affected because of change in the credit rating of the issuer/instrument and the price of
Invesco India Gold ETF Fund of Fund
22
a security goes down if the credit rating agency downgrades the rating of the issuer. In case of Government
securities, there is minimal credit risk to that extent.
Different types of securities in which the Scheme would invest carry different types and levels of risk.
Lower rated or unrated securities are more likely to react to developments affecting the market and credit
risk than the highly rated securities which react primarily to movements in the general level of interest
rates. Lower rated or unrated securities also tend to be more sensitive to economic conditions than higher
rated securities.
Liquidity or Marketability Risk
This refers to the ease with which a security can be sold at or near to its valuation, i.e. yield-to-maturity
(YTM). The primary measure of liquidity risk is the spread between bid price and offer price quoted by a
dealer.
Fixed income securities can be either listed on any Stock Exchange or may be unlisted. Moreover, the
securities that are listed on the Stock Exchange carry lower liquidity risk, but the ability to sell these
securities is limited by the overall trading volumes and may lead to the Scheme incurring losses till the
security is finally sold. Further, different segments of Indian financial markets have different settlement
cycles and may be extended significantly by unforeseen circumstances.
Even though the Government securities market is more liquid compared to other debt instruments, on
occasions, there could be difficulties in transacting in the market due to extreme volatility or unusual
constriction in market volumes or on occasions when an unusually large transaction has to be put through.
While money market instruments are fairly liquid but lack a well-developed secondary market and hence
may restrict the ability of the Scheme to sell such instruments.
Securities which are not quoted on the Stock Exchange(s) may be illiquid and can carry higher liquidity
risk in comparison with securities which are listed on the Stock Exchange(s) and offer exit option to the
investor including put option. The Scheme would invest in the securities which are not listed but offer
attractive yields. This may however increase the risk of the portfolio.
Re-investment Risk
This refers to the interest rate risk at which the intermediate cash flows received from the securities in the
Scheme including maturity proceeds are reinvested. Investments in money market securities may carry re-
investment risk as interest rates prevailing on the interest or maturity due dates may differ from the original
coupon of the debt security. Consequently, the proceeds may get invested at a lower rate.
Risk Factor associated with investing in Securities Segment and Tri-party Repo trade settlement
Clearing Corporation of India Ltd. (‘CCIL’) is providing clearing and settlement services, for Triparty
Repo trades in Government Securities, under its Securities Segment. CCIL would act as a Central
Counterparty to all the borrow and lend Triparty Repo trades received by it for settlement. CCIL would
also be performing the role responsibilities of Triparty Repo Agent, in terms of Repurchase transactions
(Repo) (Reserve Bank) Directions, 2018 as amended from time to time. CCIL would settle the Triparty
Repo trades, in terms of its Securities Segment Regulations.
The funds settlement of members is achieved by multilateral netting of the funds position in Triparty Repo
with the funds position in Outright and Market Repo and settling in the books of RBI for members who
maintain an RBI Current Account. In respect of other members, funds settlement is achieved in the books
of Settlement Bank. Securities settlement for Triparty Repo trades shall be achieved in the Gilt Account of
the Member maintained with CCIL. Securities obligation for outright and market repo trades shall be
settled in the SGL / CSGL account of the Member with RBI.
Invesco Mutual Fund is a member of securities segment and Tri-party Repo trade settlement of the CCIL.
Since all transactions of the mutual fund in government securities and in Tri-party Repo trades are settled
centrally through the infrastructure and settlement systems provided by CCIL, it reduces the settlement and
counterparty risks considerably for transactions in the said segments.
To mitigate the potential losses arising in case any member defaults in settling the transactions routed
through CCIL, CCIL maintains a Default Fund. CCIL shall maintain two separate Default Funds in respect
Invesco India Gold ETF Fund of Fund
23
of its securities segment, one to meet the losses airing out of any default by its members from outright and
repo trades and other for meeting losses arising out of any default by its members from Triparty Repo
trades.
In case any clearing member fails to honor his settlement obligations, the Default Fund is utilized to
complete the settlement applying the Default Waterfall Sequence. As per the said waterfall mechanism,
after the defaulter’s margins and defaulter’s contribution to default fund have been appropriated, CCIL’s
contribution is used to meet the losses. Post utilization of CCIL’s contribution, if there is still a loss to be
met, then contribution of non-defaulting members to Default Fund is utilized to meet the said loss.
The Scheme is subject to the risk of losing initial margin and contribution to Default Fund in the event of
failure of any settlement obligation. Further the Scheme’s contribution is allowed to be used to meet the
residual loss in case of default by the other clearing member (the defaulting member).
Further, CCIL periodically prescribes a list of securities eligible for contribution as collaterals by members.
Presently, all Central Government Securities and Treasury Bills are accepted as collaterals by CCIL. The
above risk factor may undergo a change in case the CCIL notifies securities other than Government of
India Securities as eligible for contributions as collateral.
C. Risk Mitigation Strategies
Type of
Risk
Measures to mitigate risk
Liquidity
Risk
The Scheme will predominantly invest in Invesco India Gold ETF. Units of Invesco
India Gold ETF are listed on Stock Exchange(s) and traded in round lots of 1 unit. In
addition to liquidity on the Stock Exchange(s), units of Invesco India Gold ETF can
also be subscribed and redeemed directly with Mutual Fund (in minimum Creation
Unit Size). Hence, liquidity risk is low in case of Invesco India Gold ETF.
Tracking
Error
Source of Tracking Error Measures to be taken by AMC to
reduce Tracking Error
Variance in NAV of the Underlying
Scheme and closing price on the Stock
Exchange.
Purchase/Sale of units of Underlying
Scheme in other than Creation Unit Size
on the Stock Exchange.
The AMC has appointed Market Maker
for Invesco India Gold ETF to enhance
liquidity on the Stock Exchange and
reduce the impact cost. This will ensure
that quotes on the Stock Exchange are
close to NAV. This will help AMC to
minimize tracking error.
Funds flows in Gold ETF Fund of Fund
of value lesser than Creation Unit Size
of Invesco India Gold ETF
For small amounts of inflows/outflows
which are less than the Creation Unit Size
of Invesco India Gold ETF, Gold ETF
Fund of Fund will buy/sell Invesco India
Gold ETF units on the Stock Exchange
without waiting for additional subscription
redemption to minimize tracking error.
The trade execution prices for Invesco
India Gold ETF on Stock Exchange may
be different from NAV of Invesco India
Gold ETF.
The execution price of Invesco India Gold
ETF will be a factor of demand/supply on
the Stock Exchange. The difference tends
to average out over a longer time horizon
and that will moderate tracking error. Also
considering the fact that Authorized
Participant(s) can subscribe / redeem
directly with the Fund in Creation Unit
Size, the large premium/ discount to NAV
will not sustain.
The holding of a cash position and
accrued income prior to distribution of
income and payment of accrued
expenses, funds to meet redemptions,
recurring expenses etc.
AMC will keep offsetting the
expenses/interest against the net inflows/
outflows and keep investing in/redeeming
the balance amount from Invesco India
Gold ETF to minimize the tracking error
in best interest of investors.
Invesco India Gold ETF Fund of Fund
24
II. INFORMATION ABOUT THE SCHEME:
A. Where will the scheme invest
The corpus of the Scheme will be invested in Units of Invesco India Gold Exchange Traded Fund (Invesco
India Gold ETF), and money market instruments and other permitted securities which will include but not
limited to:
Units of Invesco India Gold ETF: Invesco India Gold ETF is a mutual fund scheme that invests
primarily in gold or gold related instruments. The units of Invesco India Gold ETF are currently
listed on National Stock Exchange of India Limited and BSE Ltd.
Money Market Instruments:
1. Certificate of Deposits (CDs) is a negotiable money market instrument issued by scheduled
commercial banks and select all-India Financial Institutions that have been permitted by the RBI
to raise short term resources. The minimum denomination of CD should be Rs. 1 Lac and in
multiples of Rs. 1 Lac thereafter. The maturity period of CDs issued by the Banks is between 7
days to one year whereas in case of FIs, maturity is between one year to 3 years from the date of
issue. CDs may be issued at a discount to face value. Banks/ FIs cannot buy back their own CDs
before maturity.
2. Commercial Paper (CPs) is an unsecured negotiable money market instrument issued in the form
of a promissory note, generally issued by the corporates, primary dealers and all India Financial
Institutions as an alternative source of short term borrowings. They are issued at a discount to the
face value as may be determined by the issuer. CP is traded in secondary market and can be freely
bought and sold before maturity.
3. Non-Convertible Debentures of original or initial maturity upto one year issued by corporate
(including NBFCs) by way of private placement in accordance with the provisions of master
circular of RBI vide reference no. RBI/MRD/2016-17/32 dated July 7, 2016.
4. Treasury Bills (T-Bills) are issued by the Government of India to meet their short term borrowing
requirements. T-Bills are issued for maturities of 91 days, 182 days and 364 days. T-bills are
issued at a discount to their face value and redeemed at par.
5. Tri-party Repo means a repo contract where a third entity (apart from the borrower and lender),
called a Tri-party Agent, acts as an intermediary between the two parties to the repo to facilitate
services like collateral selection, payment and settlement, custody and management during the life
of the transaction.
6. Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties agree to sell
and purchase the same security with an agreement to purchase or sell the same security at a
mutually decided future date and price. The transaction results in collateralized borrowing or
lending of funds. When the seller sells the security with an agreement to repurchase it, it is Repo
transaction whereas from the perspective of buyer who buys the security with an agreement to sell
it at a later date, it is reverse repo transaction. Presently in India, G-Secs, State Government
securities, T-Bills and Corporate Debt Securities are eligible for Repo/Reverse Repo Presently
AMC does not intend to participate in repo in corporate debt securities. However, the AMC may
participate in repo in corporate debt securities by ensuring necessary compliance with para 12.18
of SEBI Master Circular dated May 19, 2023..
7. Clearcorp Repo Order Matching System (CROMS) is a Straight Through Processing (STP)
enabled anonymous Order Matching Platform launched by Clearcorp Dealing Systems (India) Ltd.
for facilitating dealing in Market Repos in all kinds of Government Securities. It enables dealing
in two kinds of Repos – (1) Basket and (2) Special Repos. Building on the internationally popular
Standard Repo Model, Basket Repos enables dealing in baskets wherein repoable securities have
been classified based on instrument type, liquidity and outstanding tenor and clustered together.
While borrowers can raise funds through a Basket Repo against any of security forming part of the
concerned basket, the lender is assured that it would receive any of the securities forming part of
the concerned basket. Details of security allocated are known to both counterparties post trade. As
for Special Repos, which is the conventional repo, both borrower and lender are aware of the
underlying security against which deal is sought to be concluded. CROMS provides better
transparency, repo rate discovery and operational efficiency.
8. Bills Rediscounting.
9. Cash Management Bills (CMB) are issued by Government of India to meet the temporary cash
flow mismatches of the Government. CMBs are non-standard, discounted instruments issued for
Invesco India Gold ETF Fund of Fund
25
maturities less than 91 days. CMBs are issued at discount to the face value through auctions. The
settlement of the auction will be on T+1 basis.
Any open-ended liquid scheme of Invesco Mutual Fund or of any other mutual fund which
predominantly invests in money market instruments.
Pending deployment of funds as per the investment objective of the Scheme, the funds may be
parked in short term deposits of the scheduled commercial banks, subject to guidelines and limits
specified by SEBI.
Any other securities as permitted by SEBI/RBI from time to time.
The securities / instruments mentioned above and such other securities the Scheme is permitted to invest in
could be listed, unlisted, privately placed, secured, unsecured, rated or unrated and of any maturity. The
securities may be acquired through initial public offering (IPOs), secondary market, private placement,
rights offers, negotiated deals. Further investments in debentures, bonds and other fixed income securities
will be in instruments which have been assigned investment grade rating by the credit rating agency.
The Scheme may invest upto 5% of its net assets in unrated debt and money market instruments subject to
conditions that such investments can be made only in such instruments, including bills re-discounting
(BRDS)*, usance bills, etc., that are generally not rated and for which separate investment norms or limits
are not provided in MF Regulations & various circulars issued thereunder. All such investments shall be
made with the prior approval of the Board of AMC & Trustee.
* Para 12.1.5.e of SEBI Master Circular dated May 19, 2023 has provided that the single issuer limit and
the group exposure limit shall be calculated at the issuing bank level. Further, investment in BRDS shall be
considered as exposure to financial services sector for the purpose of sector exposure limits.
B. Investment Restrictions
Pursuant to Regulations, specifically the seventh schedule and amendments thereto, the following
investment restrictions are currently applicable to the Scheme:
1 The Scheme shall adhere to following limits for investments in Debt and Money Market Instruments
issued by a single issuer:
Credit Rating Maximum Limit (% of net assets)
AAA
5
AA (including AA+ and AA-)
A (including A+) & below
The above limits may be extended by up to 2% of the NAV of the Scheme with prior approval of the
Board of Trustees and AMC, subject to compliance with the overall 12% limit.
Provided that such limits shall not be applicable for investments in Government Securities, treasury
bills, and Triparty Repo on G-Secs & T-Bills.
2 The Scheme shall not make any investment in:
a) any unlisted security of an associate or group company of the sponsor; or
b) any security issued by way of private placement by an associate or group company of the
sponsor; or
c) the listed securities of group companies of the sponsor which is in excess of 25% of the net
assets.
3 The Mutual Fund shall get the securities purchased transferred in the name of the Fund on account of
the concerned Scheme, wherever investments are intended to be of a long-term nature.
4 The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of
purchases, take delivery of relevant securities and in all cases of sale, deliver the securities:
Provided further that sale of government security already contracted for purchase shall be permitted
in accordance with the guidelines issued by the Reserve Bank of India in this regard.
Invesco India Gold ETF Fund of Fund
26
5 The Scheme shall not make any investment in any fund of funds scheme.
6 The Scheme shall not invest its assets other than in schemes of mutual funds, except to the extent of
funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions,
as disclosed in this document.
7 Pending deployment of the funds of the Scheme in securities in terms of the investment objective of
the Scheme, the AMC may park the funds of the Scheme in short term deposits of scheduled
commercial banks, subject to the guidelines issued by para 12.16 as per SEBI Master Circular dated
May 19, 2023 as may be amended from time to time:
8 The Scheme will comply with the following guidelines/restrictions for parking of funds in short term
deposits at all points of time:
i. “Short Term” for such parking of funds by the Scheme shall be treated as a period not
exceeding 91 days. Such short-term deposits shall be held in the name of the Scheme.
ii. The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the
scheduled commercial banks put together. However, such limit may be raised to 20% with
prior approval of the Trustees.
iii. Parking of funds in short term deposits of associate and sponsor scheduled commercial banks
together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.
iv. The Scheme shall not park more than 10% of the net assets in short term deposit(s), with any
one scheduled commercial bank including its subsidiaries.
v. The Scheme shall not park funds in short term deposit of a bank which has invested in that
Scheme. Further, the bank in which a scheme has short term deposit will not be allowed to
invest in the Scheme till the Scheme has short term deposit with such bank.
vi. The AMC shall not charge any investment management and advisory fees for funds parked in
short term deposits of scheduled commercial banks.
However, the above provisions from (i) to (v) will not apply to term deposits placed as margins for
trading in cash and derivatives market.
9 The Scheme shall not advance any loans.
10 The Fund shall not borrow except to meet temporary liquidity needs of the Fund for the purpose of
repurchase/redemption of Units or payment of interest and/or IDCW to the Unit holders.
Provided that the Fund shall not borrow more than 20% of the net assets of the individual Scheme and
the duration of the borrowing shall not exceed a period of 6 months.
The Scheme will comply with the other Regulations applicable to the investments of Mutual Funds from
time to time.
All the investment restrictions will be applicable at the time of making investments.
The AMC/Trustee may alter these above stated restrictions from time to time to the extent the SEBI
Regulations change, so as to permit the Scheme to make its investments in the full spectrum of permitted
investments for mutual funds to achieve its respective investment objective.
C. Fundamental Attributes
Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master Circular
for Mutual Funds dated May 19, 2023:
(i) Type of a Scheme
An open ended fund of fund scheme investing in Invesco India Gold Exchange Traded Fund.
(ii) Investment Objective
Invesco India Gold ETF Fund of Fund
27
To provide returns that closely corresponds to returns provided by Invesco India Gold Exchange Traded
Fund.
There is no assurance that the investment objective of the Scheme will be achieved
(iii) Investment Pattern:
The indicative portfolio break-up with minimum and maximum asset allocation is as follows:
Instruments
Indicative Allocations
(% of net assets)
Minimum Maximum
Units of Invesco India Gold ETF 95 100
Money Market Instruments* 0 5
* For the purpose of managing liquidity.
Subject to the SEBI Regulations, the asset allocation pattern indicated above may change from time to
time, keeping in view market conditions, market opportunities, applicable regulations and political and
economic factors. It must be clearly understood that the percentages stated above are only indicative and
not absolute. These proportions can vary substantially depending upon the perception of the fund manager;
the intention being at all times to seek to protect the interests of the Unit holders. Such changes in the
investment pattern will be for short term and for defensive considerations only. The fund manager will
restore asset allocation in line with the asset allocation pattern within 5 (five) Business Days.
(iv) Terms of Issue
Liquidity provisions:
The Scheme being open ended, the Units of the Scheme are not proposed to be listed on any stock
exchange. However, the AMC/Trustee reserve the right to list the Units as and when the
AMC/Trustee considers it necessary in the interest of Unit holders of the Scheme.
The Scheme offers Units for subscription and redemption at Applicable NAV on all Business Day
on an ongoing basis.
Aggregate fees and expenses
Please refer to section ‘Annual Scheme Recurring Expenses'
Any safety net or guarantee provided
The Scheme does not provide any safety net or guaranteed or assured returns.
In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master
Circular for Mutual Funds dated May 19, 2023, the Trustees shall ensure that no change in the fundamental
attributes of the Scheme and the Plan(s) / Option(s) there under or the trust or fee and expenses payable or
any other change which would modify the Scheme and the Plan(s) / Option(s) there under and affect the
interests of Unit holders is carried out unless:
SEBI has reviewed and provided its comments on the proposal
A written communication about the proposed change is sent to each Unit holder and an
advertisement is given in one English daily newspaper having nationwide circulation as well as in
a newspaper published in the language of the region where the Head Office of the Mutual Fund is
situated; and
The Unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset
Value without any exit load.
Accordingly, after the approval of Trustee Board for changes in fundamental attributes of the Scheme, the
proposal will be filed with SEBI seeking its comments. If SEBI does not raise any queries or suggest any
modification to the proposal within 21 working days from the date of filing, then the proposal shall be
deemed to have been take on record by SEBI.
Invesco India Gold ETF Fund of Fund
28
D. Other Scheme Specific Disclosures:
Listing and transfer of units The Scheme being an open ended Scheme under which the Units are
available for subscription and redemption on an ongoing basis on all the
Business Days, the Units of the Scheme are not proposed to be listed on
any Stock Exchange.
However, the AMC/Trustee reserves the right to list the Units of the
Scheme as and when the AMC/Trustee considers it necessary in the
interest of Unit holders of the Scheme.
There are no restrictions on transfer of Units of the Scheme whether held
in Statement of Account (physical) mode or dematerialised mode. Further,
the Units held in dematerialized form can be transferred and transmitted in
accordance with the provisions of SEBI (Depositories and Participants)
Regulations, as may be amended from time to time.
Further, additions / deletions of names of Unit holders will not be allowed
under any folio of the Scheme. However, the said provisions will not be
applicable in case a person (i.e. a transferee) becomes a holder of the Units
by operation of law or upon enforcement of pledge, then the AMC shall,
subject to production of such satisfactory evidence and submission of such
documents, proceed to effect the transfer, if the intended transferee is
otherwise eligible to hold the Units of the Scheme.
The said provisions in respect of deletion of names will not be applicable
in case of death of a Unit holder (in respect of joint holdings) as this is
treated as transmission of Units and not transfer.
Dematerialization of units The Scheme offers option to hold units in electronic (demat) mode.
Accordingly, the Units of the Scheme will be available in dematerialized
(electronic) form. The applicant intending to hold Units in dematerialized
form will be required to have a beneficiary account with a Depository
Participant (DP) of NSDL/CDSL and will be required to mention in the
application form DP Name, DP ID and Beneficiary Account Number with
the DP at the time of subscribing Units of the Schemes.
In case Unit holders do not provide their demat account details or the
demat details provided in the application form are incomplete / incorrect
or do not match with the details with the Depository records, the Units will
be allotted in account statement mode provided the application is
otherwise complete in all respect. Further, if the Units cannot be allotted in
demat mode due to reason that KYC details including IPV is not updated
with DP, the Units will be allotted in non-demat mode subject to
compliance with necessary KYC provisions and the application is
otherwise com
p
lete in all res
p
ect.
Dividend Policy (IDCW) Under the IDCW option, the Trustees may declare the IDCW, subject to
availability of distributable surplus calculated in accordance with SEBI
Regulations. The amounts can be distributed out of investors capital
(Equalization Reserve) which is part of sale price that represents realized
gains. The actual declaration of IDCW and frequency will, inter-alia,
depend on availability of distributable surplus calculated in accordance
with SEBI (MF) Regulations and the decisions of the Trustees shall be
final in this regard. There is no assurance or guarantee to the Unit holders
as to the rate of IDCW nor that the IDCW will be paid regularly.
The AMC/Trustee reserve the right to change the frequency of declaration
of IDCW, record date and to provide for additional frequency of
declaration of IDCW.
Invesco India Gold ETF Fund of Fund
29
IDCW Distribution Procedure
In accordance with para 11.6 of SEBI Master Circular dated May 19,
2023, the procedure for IDCW distribution would be as under:
1. Quantum of IDCW and the record date will be fixed by the
Trustee in their meeting. IDCW so decided shall be paid, subject
to availability of distributable surplus.
2. Within one calendar day of decision by the Trustee, the AMC
shall issue notice to the public communicating the decision about
the IDCW including the record date. The record date shall be 2
business days. from issue of public notice in at least one English
newspaper or in a newspaper published in the language of the
region where the Head Office of the mutual fund is situated,
whichever is issued earlier
3. Record date shall be the date, which will be considered for the
purpose of determining the eligibility of investors whose names
appear on the register of Unit holders for receiving IDCW.
4. The notice will, in font size 10, bold, categorically state that
pursuant to payment of IDCW, the NAV of the Scheme would
fall to the extent of payout and statutory levy (if applicable).
5. The NAV will be adjusted to the extent of IDCW distribution and
statutory levy, if any, at the close of business hours on record
date.
6. Before the issue of such notice, no communication indicating the
probable date of IDCW declaration in any manner whatsoever
will be issued by Mutual Fund.
Who can invest
This is an indicative list and
investors shall consult their
financial advisor to ascertain
whether the scheme is
suitable to their risk profile.
The following persons are eligible and may apply for subscription to the
Units of the Scheme (subject to, wherever relevant, purchase of units of
mutual funds being permitted under relevant statutory regulations and their
respective constitutions):
1. Resident adult individuals either singly or jointly (not exceeding
three) or on an Anyone or Survivor basis;
2. Hindu Undivided Family (HUF) through Karta;
3. Minor through parent / legal guardian (minor will be first and sole
holder);
4. Partnership Firms in the name of any one of the partner;
5. Proprietorship in the name of the sole proprietor;
6. Companies, Bodies Corporate, Public Sector Undertakings (PSUs.),
Association of Persons (AOP) or Bodies of Individuals (BOI) and
societies registered under the Societies Registration Act, 1860;
7. Banks (including Co-operative Banks and Regional Rural Banks)
and Financial Institutions;
8. Schemes of other mutual funds registered with SEBI;
9. Religious and Charitable Trusts, Wakfs or endowments of private
trusts (subject to receipt of necessary approvals as required) and
Private trusts authorized to invest in mutual fund schemes under their
trust deeds;
10. Non-Resident Indians (NRIs) / Persons of Indian origin (PIOs)
residing abroad on repatriation basis or on non-repatriation basis
(NRIs or PIOs who are residents of United States of America and
Canada cannot apply);
11. Foreign Portfolio Investor registered with SEBI;
12. Army, Air Force, Navy and other para-military units and bodies
created by such institutions;
13. Scientific and Industrial Research Organisations;
14. Multilateral Funding Agencies / Bodies Corporate incorporated
outside India with the permission of Government of India / Reserve
Bank of India;
15. Provident/ Pension/ Gratuity Fund to the extent they are permitted;
16. Other schemes of Invesco Mutual Fund subject to the conditions and
limits prescribed by SEBI Regulations;
Invesco India Gold ETF Fund of Fund
30
17. Trustee, AMC or Sponsor(s) or their associates;
18. Qualified Foreign Investors (QFIs) through dematerialized account
mode or unit confirmation receipt mode as specified in SEBI circular
no. CIR/ IMD/DF/14/2011 dated August 9, 2011; and
19. Such other individuals / institutions / body corporate etc. as may be
decided by the Mutual Fund from time to time, so long as wherever
applicable they are in conformity with SEBI Regulations.
Note: Prospective investors are advised to satisfy themselves that they are
not prohibited by any law governing such entity and any Indian law from
investing in the Scheme and are authorized to purchase units of mutual
funds as per their respective constitutions, charter documents, corporate /
other authorizations and relevant statutory provisions.
The Fund reserves the right to include new / existing categories of
investors to invest in the Scheme from time to time, subject to SEBI
Regulations and other prevailing statutory regulations, if any.
Who cannot invest 1. Pursuant to RBI A.P. (DIR Series) Circular No. 14 dated September
16, 2003, Overseas Corporate Bodies (OCBs) cannot invest in
Mutual Funds.
2. United States Person (U.S. Person), corporations and other entities
organized under the applicable laws of the United States of America
and Residents of Canada as defined under the applicable laws of
Canada.
3. Persons residing in the Financial Action Task Force (FATF) Non-
Compliant Countries and Territories (NCCTs).
4. Such other persons as may be specified by AMC from time to time.
The Fund reserves the right to exclude existing categories of investors to
invest in the Scheme from time to time, subject to SEBI Regulations and
other prevailing statutory regulations, if any.
How to Apply and other
details
Application form and Key Information Memorandum may be obtained
from Official Points of Acceptance (OPAs) / Investor Service Centres
(ISCs) of the AMC or RTA or Distributors or can be downloaded from our
website www.invescomutualfund.com. The list of the OPA / ISC are
available on our website as well.
For details on updated list of Official Points of Acceptance investors are
requested to call 1800 209 0007 (toll-free) or contact the AMC branches
or log on to our website www.invescomutualfund.com.
The AMC has the right to designate additional centre of Registrar as the
Official Points of Acceptance during the Ongoing Offer Period and change
such centres, as it deems fit.
Investors can also subscribe/ redeem the Units of the Scheme through
MFSS and/ or NMF-II facility of NSE and BSE StAR MF of BSE and MF
Utility facility during ongoing basis.
In addition to subscribing Units through submission of application in
physical, investor / unit holder can also subscribe to the Units of the
Scheme through our website www.invescomutualfund.com as well as
https://mfs.kfintech.com/mfs/, an electronic platform provided by RTA.
The facility to transact in the Scheme is also available through mobile
application of RTA i.e. ‘KFinKart’.
Please refer to the SAI and Application form for further details and the
instructions.
OPA link:
Invesco India Gold ETF Fund of Fund
31
https://www.invescomutualfund.com/literature-and-form?tab=Scheme
Collecting bankers: None
It is mandatory for investors to mention in their application /redemption
request, their bank name and account number.
Cash Investments
Currently, the option to invest in the Scheme through payment mode as
Cash is not available.
The Trustee to Invesco Mutual Fund reserves the right to change/modify
above provisions at a later date.
The policy regarding reissue
of repurchased units,
including the maximum
extent, the manner of reissue,
the entity (the scheme or the
AMC) involved in the same.
Units once redeemed will be extinguished and will not be reissued.
Restrictions, if any, on the
right to freely retain or
dispose of units being
offered.
There are no restrictions on transfer of Units of the Scheme whether held
in Statement of Account (physical) mode or dematerialised mode.
Pledge of Units
The Units under the Scheme may be offered as security by way of a
pledge / charge in favour of scheduled banks, financial institutions, non-
banking finance companies (NBFCs) or any other body. The AMC and /
or the Registrar will note and record such Pledge of Units. The AMC shall
mark a lien only upon receiving the duly completed form and documents
as it may require. Disbursement of such loans will be at the entire
discretion of the bank / financial institution / NBFC or any other body
concerned and the Mutual Fund/AMC assumes no responsibility thereof.
The Pledgor will not be able to redeem Units that are pledged until the
entity to which the Units are pledged provides written authorisation to the
Mutual Fund that the pledge / lien charge may be removed. As long as
Units are pledged, the Pledgee will have complete authority to redeem
such Units.
Lien on Units
For NRIs, the AMC may mark a lien on units in case documents which
need to be submitted are not given in addition to the application form and
before the submission of the redemption request.
However, the AMC reserves the right to change operational guidelines for
lien on units from time to time
Restriction on Redemption / Switch-out of Units:
The Trustee may, in the general interest of the Unit holders of the Scheme
and when considered appropriate to do so based on unforeseen
circumstances / unusual market conditions, impose restriction on
redemption of Units of the schemes (including plans/ options thereunder)
of the Fund. The following requirements will be observed before imposing
restriction on redemptions:
1. Restrictions may be imposed when there are circumstances leading to
a systemic crisis or event that severely constricts the market liquidity
or the efficient functioning of the market such as:
i. Liquidity Issues: When markets at large become illiquid
affecting almost all securities rather than any issuer specific
security.
Invesco India Gold ETF Fund of Fund
32
ii. Market failures, exchange closure: When markets are affected
by unexpected events which impact functioning of exchanges or
the regular course of transactions. Such unexpected events could
also be related to political, economic, military, monetary or other
emergencies.
iii. Operational Issues: When exceptional circumstances are caused
by force majeure, unpredictable operational problems and
technical failures (e.g. a black out). Such cases can only be
considered if they are reasonably unpredictable and occur in spite
of appropriate diligence of third parties, adequate and effective
disaster recovery procedures and systems.
2. Restrictions on redemption may be imposed for a specified period of
time not exceeding 10 Business Days in any period of 90 days.
3. Any imposition of restriction on redemption will be with specific
approval of Board of AMC and Trustees and the same will be
informed to SEBI immediately.
4. When restrictions on redemption is imposed, the following procedure
will be applied:
i. Redemption requests upto Rs. 2 lakh will not be subject to such
restriction.
In case of redemption requests above Rs.2 lakh, the AMC shall redeem the
first Rs. 2 lakh without such restrictions and remaining part over and
above Rs.2 lakh will be subject to such restrictions.
Cut off timing for
subscriptions/ redemptions/
switches
This is the time before which
your application (complete in
all respects) should reach the
official points of acceptance.
For Subscription / purchase/ switch:
1. In respect of valid application received upto 3.00 p.m. on a Business
Day at the Official Point(s) of Acceptance and funds for the entire
amount of subscription / purchase as per the application / switch-in
request are available for utilization by the respective Scheme(s)
before the cut off time i.e. funds are credited to the bank account of
the respective Scheme(s) before the cut off time, the closing NAV of
the same Business Day shall be applicable
2. In respect of valid application received after 3.00 p.m. on a Business
Day at the Official Point(s) of Acceptance and funds for the entire
amount of subscription / purchase as per the application / switch-in
request are available for utilization by the respective Scheme(s) after
the cut off time on the same day i.e. the funds are credited to the bank
account of the respective Scheme(s) after cut off time on the same day
or before the cut-off time of next Business Day, the closing NAV of
next Business Day shall be applicable.
3. Irrespective of the time of receipt of application at the Official
Point(s) of Acceptance, where funds for the entire amount of
subscription / purchase as per the application / switch-in request are
available for utilization before the cut off time of any subsequent
Business Day i.e. funds are credited to the bank account of the
respective Scheme(s) before the cut off time of any subsequent
Business Day, the closing NAV of such subsequent Business Day
shall be applicable.
For determining the applicable NAV for allotment of units in respect of
purchase / switch-in to the Schemes, the following shall be ensured:
i. Application / switch-in request is received before the applicable
cut-off time.
ii. Funds for the entire amount of subscription / purchase as per the
application / switch-in request are credited to the bank account of
the respective Scheme(s) before the cut-off time.
iii. The funds are available for utilization before the cut-off time
without availing any credit facility whether intra-day or
otherwise, by the respective Scheme(s).
Invesco India Gold ETF Fund of Fund
33
iv. In case of switch transactions from one scheme to another
scheme, the allocation shall be in line with the redemption
payout.
For redemption / repurchases / switch-outs:
1. In respect of valid application received at the Official Points of
Acceptance upto 3.00 p.m. on a Business Day by the Fund, the
closing NAV of the day on which application is received shall be
applicable.
2. In respect of valid application received at the Official Points of
Acceptance after 3.00 p.m. on a Business Day by the Fund, the
closing NAV of the next Business day shall be applicable.
For Switches
Valid applications for ‘switch-out’ shall be treated as applications for
Redemption and the provisions of Cut-off Time and Applicable NAV
mentioned in the SID as applicable to Redemption shall be applied to the
'switch-out' applications. In case of ‘switch’ transactions from one scheme
to another the allocation shall be in line with redemption payouts.
Minimum amount for
purchase/redemption/switche
s
Minimum Amount (including Additional Amount) for subscription /
purchase:
Rs. 1,000/- and in multiples of Re. 1/- thereafter.
Minimum Amount for switch-ins (including Additional Amount):
In case of investors opts for switch into the Scheme from the existing
scheme(s) of Invesco Mutual Fund (subject to completion of Lock-in
Period, if any) during the Ongoing Period, the minimum amount is Rs.
1,000/- per application and in multiples of Re. 0.01/- thereafter.
Minimum Amount for redemption / repurchase / switch-outs:
Rs. 1,000/- or 0.001 unit or account balance whichever is lower.
Accounts Statements
The AMC shall send an allotment confirmation specifying the units
allotted by way of email and/or SMS within 5 working days of receipt of
valid application/transaction to the Unit holders registered e-mail address
and/ or mobile number (whether units are held in demat mode or in
account statement form).
A Consolidated Account Statement (CAS) detailing all the transactions
across all mutual funds (including transaction charges paid to the
distributor) and holding at the end of the month shall be sent to the Unit
holders in whose folio(s) transaction(s) have taken place during the month
by mail or email on or before 15th of the succeeding month.
Half-yearly CAS shall be issued at the end of every six months (i.e.
September/ March) on or before 21st day of succeeding month, to all
investors providing the prescribed details across all schemes of mutual
funds and securities held in dematerialized form across demat accounts, if
applicable.
For further details, refer SAI.
Dividend / IDCW The Dividend / IDCW payments will be transferred to the Unit holders
within 7 business days from the record date.
Redemption Under normal circumstances, the AMC shall transfer redemption or
repurchase proceeds to unitholders within 3 (three) business days from the
date of redemption or repurchase.
However, in case of exceptional circumstances prescribed by AMFI vide
it’s letter no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16,
Invesco India Gold ETF Fund of Fund
34
2023, in consultation with SEBI, maturity proceeds shall be transferred /
dispatched to Unitholders within the time frame prescribed for such
exceptional circumstances.
Bank Mandate In order to protect the interest of Unit holders from fraudulent encashment
of cheques, the current SEBI (MF) Regulations, has made it mandatory for
investors to mention in their Application /Redemption request, their bank
name and account number.
The normal processing time may not be applicable in situations where
such details are not provided by Investors / Unit holders. The AMC will
not be responsible for any loss arising out of fraudulent encashment of
cheques and / or any delay / loss in transit.
The AMC offers its investors a facility to register multiple bank accounts
in a folio. Individuals and HUFs investors can register upto five bank
accounts at the folio level and non-individual investors can register upto
ten bank accounts at the folio level.
Irrespective of the source of payment for subscription, all redemption
proceeds will be credited only in the verified bank account of the minor.
Please refer to the SAI for more details.
Delay in payment of
redemption / repurchase
proceeds/dividend
In case the redemption or repurchase proceeds are not transferred made
within 3 Business Days from the date of redemption under normal
circumstances, the AMC shall pay interest of 15% p.a. for the period of
delay along with redemption or repurchase proceeds. However, in case of
exceptional circumstances prescribed by AMFI vide it’s letter no. AMFI/
35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023, in consultation
with SEBI, interest will be payable if the redemption or repurchase
proceeds are not transferred within the applicable time frame prescribed
for such exceptional circumstances.
The IDCW payments will be transferred to the Unit holders within 7
business days from the record date. In case the AMC fails to transfer the
IDCW within the above stipulated time it shall be liable to pay interest to
the Unit holders at 15% p.a. or such other rate as may be prescribed by
SEBI from time to time. Interest for the delayed payment of IDCW shall
be calculated from the record date.
Further, the AMC will not be liable to pay any interest or compensation or
any amount otherwise, in case the AMC / Trustee is required to obtain
from the investor / Unit holders verification of identity or such other
details relating to subscription for units under any applicable law or as
may be requested by a regulatory body or any government authority,
which may result in delay in processing the application.
Unclaimed Redemption and
Income Distribution cum
Capital Withdrawal Amount
The list of name(s) and addresses of investors of the Scheme in whose
folios there would be unclaimed redemption/dividend amounts would be
made available on our website (www.invescomutualfund.com). An
investor can obtain details after providing his proper credentials (like
PAN, date of birth, etc.) along with other security controls put in place by
the AMC. Further, the process for claiming unclaimed redemption and
dividend amounts and necessary forms/documents required for the same is
also made available on our website.
Further, pursuant to para 14.3 of SEBI Master Circular dated May 19,
2023 on treatment of unclaimed redemption and dividend amounts,
redemption/dividend amounts remaining unclaimed based on expiry of
payment instruments will be identified on a monthly basis and amounts of
unclaimed redemption/dividend would be deployed in the respective
Unclaimed Amount Plan(s) as follows:
Invesco India Gold ETF Fund of Fund
35
Invesco India Liquid Fund - Unclaimed Redemption Plan - Below 3
Years
Invesco India Liquid Fund - Unclaimed Dividend Plan - Below 3
Years
Invesco India Liquid Fund - Unclaimed Redemption Plan - Above 3
Years
Invesco India Liquid Fund - Unclaimed Dividend Plan - Above 3
Years
Exit load will not be charged in the above-mentioned plans and TER
(Total Expense Ratio) of above plans will be capped as per the TER of
direct plan of Invesco India Liquid Fund or at 50 bps, whichever is lower.
Unclaimed Amount Plan(s) were launched for the limited purpose of
deployment of unclaimed redemption and dividend amounts of the
investors and will not be available for regular investments by investors or
switches from existing plans/ schemes of the Fund.
Investors who claim the unclaimed amount during a period of three years
from the due date will be paid initial unclaimed amount along-with the
income earned on its deployment. Investors who claim these amounts after
3 years, will be paid initial unclaimed amount along-with the income
earned on its deployment till the end of third year. After the third year, the
income earned on such unclaimed amounts shall be used for the purpose
of investor education.
For details of characteristics of above Unclaimed Amount Plan(s),
investors are requested to refer the Statement of Additional Information
available on our website www.invescomutualfund.com.
Disclosure w.r.t investment
by minors
In case of investments by Minor, the minor shall be the sole holder in the
account. There shall not be any joint holder with the minor, either as the
first holder or as joint holder. The Guardian of the minor should be a
natural guardian (i.e. father or mother) or a court appointed legal guardian.
The Guardian shall submit the date of birth of the minor alongwith the
supporting documents which are mandatory at the time of opening an
account.
Payment for investment by any mode shall be accepted from the bank
account of the minor, parent or legal guardian of the minor or from a joint
account of the minor with parent or legal guardian. Irrespective of the
source of payment for subscription, all redemption proceeds shall be
credited only in the verified bank account of the minor, i.e. the account the
minor may hold with the parent/ legal guardian after completing all KYC
formalities. Standing instructions like SIP, SWP, STP, IDCW Transfer
Plan, etc. in respect of a minor’s folio shall be registered / executed only
till prior to the date of the minor attaining majority, even if such standing
instructions in the mandate form might be for a period beyond that date.
Minor Unit holder on becoming major shall submit application form along
with prescribed documents to AMC/Registrar to change the status from
Minor to Major. On the day the minor attains the age of majority, the folio
of minor shall be frozen for operation by the guardian and any transactions
(financial/ non-financial including fresh Systematic Investment Plan (SIP),
Systematic Transfer Plan (STP), Systematic Withdrawal Plan (SWP)
registration after the date of minor attaining majority) will not be
permitted until the documents to change the status are received by the
AMC/RTA. For list of documents and procedure for change in status from
minor to major, please refer SAI or website of the Fund i.e.
www.invescomutualfund.com. The AMC/RTA will execute standing
Invesco India Gold ETF Fund of Fund
36
instructions like SIP, STP, SWP etc. in a folio of minor only upto the date
of minor attaining majority though the instruction may be for the period
b
eyond that date.
Any other disclosure in terms
of Consolidated Checklist on
Standard Observations
None
Benefits of investing in
Invesco India Gold ETF Fund
of Fund
1. Investors can take exposure to Gold without having depository
(demat) account.
2. The Scheme offers add on facilities viz. SIP, STP whereby an
investor can enjoy benefits of systematic investing like:
Small, regular investments: A simple way to take exposure to
gold by investing small amounts. Small but regular investments
go a long way in creating wealth in long term.
Rupee cost averaging: Fewer units during rising markets and
more units during falling markets, thereby reduces the average
cost per unit.
No need for ‘timing the markets’: No need to select the right
time and quantity to buy and sell as timing is risky and time
consuming. It eliminates the need to actively track the gold
prices.
3. An investor of Invesco India Gold ETF Fund of Fund can subscribe
and redeem Units on all Business Days directly from the Fund, while
purchase and sale of units of Invesco India Gold ETF is a factor of
liquidity on the Stock Exchange.
4. An investor can directly subscribe/ redeem Units through physical/
demat mode at the various designated investor service center across
the country thereby making it easily accessible and convenient.
5. Investing in gold through Invesco India Gold ETF Fund of Fund may
be cost efficient in comparison to investing in gold through Invesco
India Gold ETF. If an investor is subscribing Rs. 50,000/- each in
Invesco India Gold ETF through the dematerialized mode and
Invesco India Gold ETF Fund of Fund through physical application
(account statement mode), the comparative analysis of charges is as
follows:
Type of Charges
Invesco India
Gold ETF
through Demat
Mode
Invesco India
Gold ETF Fund
of Fund through
Account
Statement
Mode
#
Account Opening charges
N
il
N
il
Annual Maintenance charges
of Demat Account
Rs. 250 - Rs. 750 Nil
Deliver
y
brokera
g
e char
g
es Rs. 25 - Rs.175
N
il
Transaction charges Rs. 25
N
il
Annual Scheme Recurring
Expenses
Rs. 250 Rs. 500*
Total… Rs. 550 - Rs. 1200 Rs. 500
Delivery brokerage in the above example is in the range of 0.05% to
0.35%. The above charges may vary for different brokers. Charges like
documentation charges for opening trading/demat account, Goods and
Services Tax, health and education cess, exchan
g
e lev
y
and stam
p
dut
y
is
Invesco India Gold ETF Fund of Fund
37
applicable on the transactions in dematerialized mode.
*Rs.250/- (Recurring expenses of Invesco India Gold ETF @ 0.50% p.a.)
+ Rs.250/- (Recurring expenses of Invesco India Gold ETF Fund of Fund
@ 0.50% p.a.). The total recurring expense levied to Invesco India Gold
ETF Fund of Fund (including recurring expenses of Invesco India Gold
ETF) will not exceed 1.00% p.a.
#
Investors have an option to hold units in demat mode.
Note: Annual Scheme Recurring Expenses levied to Invesco India Gold
ETF for March 31, 2024
(
unaudited
)
: 0.55%
III. OTHER DETAILS
A. Details of underlying fund.
Underlying
Fund
Invesco India Gold Exchange Traded Fund
Benchmark Price of Gol
d
Investment
Objective
To generate returns that closely correspond to the returns provided by investment in
physical gold in the domestic market, subject to tracking error.
There is no assurance that the investment ob
j
ective of the Scheme will be achieved.
Investment
Strategy
The fund will be managed passively with investments in physical gold and will
endeavor to track the performance and yield of its underlying asset viz. gold.
Investments in physical gold will be made regardless of any investment merit. The fund
intends to follow a fully invested approach and will have a minimum exposure of 95%
of its assets in gold and gold bullion at all times.
The fund may buy and sell gold at different points of time during the trading session
which may or may not correspond to the closing price of gold, maintain cash to meet its
liquidity requirement which may result in the Scheme having tracking error and to that
extent the performance of the Scheme may not commensurate with the performance of
its underlying asset.
The Tracking Error based on past one year rolling data shall not exceed 2%. In case the
tracking error of the Scheme exceeds 2% due to unavoidable circumstances in the nature
of force majeure which are beyond the control of the AMC, then the same will be
brought to the notice of the Trustees with the corrective action by the AMC.
The Scheme may also invest in the instrument having gold as underlying, as and when
permitted by SEBI. Warehouse receipts and other permitted securities linked to gold
prices and Units of International Gold ETF are some of the instruments in which the
Scheme ma
y
invest as and when
p
ermitted b
y
SEBI.
TER Annualised Expenses charged as on May 31, 2024: 0.55 %.
The investor will bear the recurring expenses of the Scheme, in addition to the expenses
of underlying scheme
The total expenses of the Scheme including the expenses of Underlying Fund shall not
exceed the limits stated in Regulation 52 of the SEBI (MF) Regulations.
AuM 114.95 crores (as of May 31, 2024)
Year wise
performance
2023 2022 2021 2020 2019
Underlying Fund 12.89% 14.24% -4.42% 26.61% 23.21%
Benchmark 13.72% 15.10% -4.01% 27.39% 23.97%
Top 10
Holding
Top 10 holding of the underlying fund as on May 31, 2024
Invesco India Gold ETF Fund of Fund
38
Sr. No. Particulars % of Net Assets
1. Gold 99.00%
2. Clearing Corporation of India Ltd 0.25%
Asset
allocation of
the
Underlying
Fund
Physical gold: 95%-100%
Debt & Money Market Instruments: 0 - 5%
B. Periodic Disclosures
Half yearly disclosures The Mutual Fund / AMC shall disclose portfolio (along with ISIN) of the
Scheme on the website of Mutual Fund (www.invescomutualfund.com) and
on the website of AMFI (www.amfiindia.com) in a user-friendly and
downloadable spreadsheet format as per the timelines given below:
Particulars Timeline Link to access the portfolio
Monthly
Portfolio
(as on the
last day of
the month)
within
10 days
from the
close of
each
month
AMC:
https://www.invescomutualfund.com/literature-
and-form?tab=Complete
AMFI:
https://www.amfiindia.com/investor-
corner/online-center/portfoliodisclosure
Half Yearly
Portfolio
(as on 31
st
March &
30
th
September)
Within
10 days
of each
half year
AMC:
https://www.invescomutualfund.com/literature-
and-form?tab=HalfYearlyHoldings
AMFI:
https://www.amfiindia.com/investor-
corner/online-center/portfoliodisclosure
For further details, kindly refer SAI.
Half yearly results The soft copy of unaudited half yearly financial results of the Scheme as on
March 31 and September 30, each year, will be hosted on the website of the
Mutual Fund (www.invescomutualfund.com) and on AMFI website
(www.amfiindia.com) within one month from the close of each half year
(i.e. on 31
st
March and on 30
th
September). The link to access unaudited half
yearly scheme financials is as follows:
AMC Website https://www.invescomutualfund.com/about-
us?tab=Financials
AMFI Website https://www.amfiindia.com/research-
information/othe
r
-data/accounts-data
For further details, kindly refer SAI.
Annual Report The scheme wise annual report and / or abridged summary thereof shall be
hosted on the website of the Mutual Fund (www.invescomutualfund.com)
and on AMFI website (www.amfiindia.com) within four months (or such
other period as may be specified by SEBI from time to time) from the date
of closure of the relevant accounting year (i.e. 31st March each year).
The link to access Scheme Annual Report is as follows:
AMC Website https://www.invescomutualfund.com/about-
us?tab=Financials
AMFI Website https://www.amfiindia.com/research-
information/othe
r
-data/accounts-data
Invesco India Gold ETF Fund of Fund
39
For further details, kindly refer SAI.
Disclosure of Risk-o-Meter The Risk-o-meter shall have following six levels of risk:
1. Low Risk
2. Low to Moderate Risk
3. Moderate Risk
4. Moderately High Risk
5. High Risk and
6. Very High Risk
Risk-o-meter disclosed in the product label of the Scheme is based on the
Scheme portfolio as on May 31, 2024. The AMC will evaluate the Risk-o-
Meter on a monthly basis and shall disclose the same along with the
portfolio disclosure within 10 days from the close of each month on our
website www.invescomutualfund.com and on the website of AMFI
(www.amfiindia.com). Further on an annual basis, the AMC shall disclose
the risk level of schemes along with number of times the risk level has
changed over the year on our website www.invescomutualfund.com and on
the website of AMFI (www.amfiindia.com).
Any change in the risk-o-meter will be communicated by way of Notice-
cum-Addendum uploaded on website of the Mutual Fund
(www.invescomutualfund.com) and by way of an email / SMS to the Unit
holders of the Scheme.
Scheme Summary
Document (SEBI Letter
dated December 28, 2021)
The AMC has provided on its website a scheme summary document which
contains details of all the Schemes viz. Scheme features, Fund Manager
details, investment details, investment objective, expense ratios, portfolio
details, etc. Scheme summary document is uploaded on the websites of
AMC, AMFI and stock exchanges in 3 data formats i.e. PDF, Spreadsheet
and a machine readable format (either JSON or XML). Scheme summary
document shall be updated by the AMCs on a monthly basis i.e. by 15th of
every month or within 5 working days from the date of change or
modification in the scheme information.
Tracking Error and Tracking
Difference (Disclosures
Pursuant to Para 3.6.3 of
SEBI Master Circular dated
May 19, 2023)
The Tracking Error based on the past one year rolling data will be disclosed
on a daily basis on the website of the AMC and AMFI.
Along with tracking error, tracking difference will also be disclosed on the
website of the AMC (www.invescomutualfund.com) and AMFI on monthly
basis for tenures 1 year, 3 year, 5 year, 10 year and since the date of
allotment of units of the Scheme.
C. Transparency / NAV Disclosure
The Direct Plan under the Scheme will have a separate NAV.
The AMC will calculate the NAVs on daily basis. The AMC shall prominently disclose the NAVs of the
Scheme under a separate head on the website of the Fund (www.invescomutualfund.com) and on the
website of AMFI (www.amfiindia.com) on or before 10.00 a.m. on the next Business Day. If the NAVs are
not available before the commencement of business hours on the following day due to any reason, the
Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able
to publish the NAVs.
Further the Mutual Fund / AMC has extended facility of sending latest available NAVs of the Scheme to
the Unit holders through SMS upon receiving a specific request in this regard. Also, information regarding
NAVs can be obtained by the Unit holders / Investors by calling or visiting the nearest ISC.
D. Transaction Charges and Stamp Duty
Transaction Charges: The AMC has discontinued the payment of transaction charges to distributors
effective March 22, 2024. Accordingly, no transaction charges will be deducted from the subscription
Invesco India Gold ETF Fund of Fund
40
amount (lumpsum or Systematic Investment Plan) and the full amount of subscription (after deduction of
statutory charges, if any) will be invested in the scheme.
Stamp Duty: A stamp duty @ 0.005% of the Transaction Value will be levied on applicable mutual fund
transactions i.e. purchases (including switch-in, IDCW reinvestment etc.). The stamp duty will be arrived at
using inclusive method of calculation. For applying stamp duty, Transaction Value will be calculated after
deducting transaction charges and such other charges as may be applicable from time to time.
Please refer SAI for further details.
E. Associate Transactions
Please refer to Statement of Additional Information (SAI)
F. Taxation
For details on taxation please refer to the clause on Taxation in the SAI apart from the
following:
Resident Investor Mutual Fund
Tax on IDCW
As per respective slab rate or corporate tax rate applicable to
the investo
r
Nil
Capital Gains*
Long Term
N
ot Applicable
Short Term
As per respective slab rate or corporate tax rate applicable to
the investo
r
Nil
* plus applicable surcharge and Health & Education cess
G. Rights of Unitholders
Please refer to Statement of Additional Information (SAI)
H. List of official points of acceptance : Please click on the link below for List of Official Points of
acceptance / investor service centres
https://www.invescomutualfund.com/literature-and-form?tab=Scheme
I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For
Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any
Regulatory Authority.
This section shall contain the details of penalties, pending litigation, etc. for the last 5 financial
years and where the penalty was more than 5 lakhs by any regulatory authority is as follows:
1. All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited
to the jurisdiction of the country where the principal activities (in terms of income / revenue) of
the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further, only
top 10 monetary penalties during the last three years shall be disclosed.
Nil
2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during
the last three years or pending with any financial regulatory body or governmental authority,
against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for
irregularities or for violations in the financial services sector, or for defaults with respect to share
holders or debenture holders and depositors, or for economic offences, or for violation of
securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last
three years shall also be disclosed.
Nil
3. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI
for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including
debarment and/ or suspension and/ or cancellation and/ or imposition of monetary
penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or
Invesco India Gold ETF Fund of Fund
41
the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel
(especially the fund managers) of the AMC and Trustee Company were/ are a party. The details of
the violation shall also be disclosed.
A show cause notice was issued by the Securities and Exchange Board of India (SEBI) on August
9, 2023 and was duly responded on October 25, 2023. The Noticees preferred settlement of the
matter under SEBI (Settlement Proceedings) Regulations, 2018, without admitting or denying the
findings of facts and conclusions of law. The said matter was resolved and disposed of vide a
settlement order dated April 24, 2024, bearing reference number ‘SO/AA/MS/2024-25/7496’, in
accordance with the provisions of the SEBI (Settlement Proceedings) Regulations, 2018.
4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to
which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or
any of the directors and/ or key personnel are a party should also be disclosed separately.
A civil suit has been filed by an ex-employee of Invesco Asset Management (India) Limited
(“AMC”) before the High Court of Judicature of Bombay (“Suit”), contesting the termination of
his employment by the AMC. The Suit is in the nature of employment litigation and will be
defended by the AMC in the regular course.
5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the
Board of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the
SID, or which has been notified by any other regulatory agency, shall be disclosed.
Nil
Please click on the link below to access the real time data on Penalties, Pending Litigations or
proceeding etc.:
https://www.invescomutualfund.com/literature-and-form?tab=Scheme
Notes:
1. Any amendments / replacement / re-enactment of SEBI (MF) Regulations subsequent to the date of the
Scheme Information Document shall prevail over those specified in this Scheme Information
Document.
2. The Scheme under this Scheme Information Document was approved by the Trustee in their Board
Meeting held March 16, 2011.
3. This Scheme Information Document is an updated version of the same in line with the current laws /
regulations and other developments.
4. Notwithstanding anything contained in this Scheme Information Document, the provisions of the
SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.
For and on behalf of the Board of Directors of
Invesco Asset Management (India) Pvt. Ltd.
(Investment Manager for Invesco Mutual Fund)
Sd/-
Place: Mumbai Saurabh Nanavati
Dated: June 30, 2024 Chief Executive Officer
A. OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTION
INVESCO ASSET MANAGEMENT (INDIA) PRIVATE LIMITED - Ongoing basis
• Ahmedabad: 303/A, Raindroop Building, C. G. Road, Ahmedabad - 380 006. Tel. No.: 079 –66521550.
• Bengaluru: S-317, 319 & 321, 3rd Floor, South Block, Manipal Centre, 47, Dickenson Road, Bangalore
- 560042. Tel No.: 080 – 42941000. • Chandhigarh: Idea Co-working Business Center, Cabin No.C-2,
2nd Floor, S.C.O.32, 33, 34, Sector-17-C, Chandigarh - 160 017. Tel. No.: 9988812807 • Chennai: Door#2,
2nd Floor, Sun Plaza, #39 G.N.Chetty Road, Near Kamarajar Arangam, Chennai – 600006. Tel. No.
9043000628. • Delhi: 710, 711 & 712 Prakashdeep Building, 7th Floor, Tolstoy Marg, NewDelhi - 110001.
Tel. No.: 011 43789000. • Hyderabad: 2nd Floor, S.B. Towers, H.No.6-3-354, Road No.1, Banjara Hills,
Landmark: Punjagutta X Road, Beside Himalaya Book Store, Hyderabad-500034. Tel. No.: 9030015457.
• Indore: Room No. 216, 2nd Floor, Starlit Tower, Y. N. Road, Indore -452 001. Tel. No.: 7415000281.
• Jaipur: 204, 2nd Floor, ‘Brij Anukampa’ Ashok Marg, C-Scheme, Jaipur - 302 001. Tel. No.: 07737000761.
• Kanpur: 1st Floor, KAN Chambers, 14/113 Civil Lines, Kanpur - 208 001. Tel. No.: 9044051658.
• Kolkata: Room No. 7E, 235/2A, 7th Floor, Millennium Building, Acharya Jagdish Chandra Bose
Road, Kolkata - 700 020. Tel : 033-40639115. • Lucknow: 304, 3rd Floor, SKY HI Chamber, Park
Road, Hazratganj, Lucknow, Uttar Pradesh. Lucknow - 226 001. Tel No.:- 0522-4000841/4000149
• Mumbai ( H.O.): 2101-A, A Wing, 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai -
400013. Tel. No. 022 67310000 • Panaji: OiceNo.9, 2nd Floor, Navelkar Trade Center, Mahatma Gandhi
Road, Panjim, Goa - 403 001. Tel No:0832-6650402. • Patna: No. 304, Ashiyana Hariniwas Complex,
Dak Banglow Road, Patna - 800001. Tel. No.: 09264457840. Pune: Ofice No. 2, 1st Floor, Aditya
Centeegra, CTS No. 930, Plot No. 314, FC Road, Pune - 411 005, Maharashtra. Tel No.:- 020-29953715
• Vadodara: Upper Ground Floor No -06, Concord Complex, Above Deepak Garments, Near Kabir Kitchen
Restaurant, Alkapuri Vadodara - 390007. Tel. No.: 0265 - 2338446.
• Agartala: OLS, RMS Chowmuhani, Mantri Bari Road, 1st Floor Near, Traic Point, Tripura West, Agartala
- 799 001. Tel. No.: 0381-2388519 • Agra House No. 17/2/4, 2nd Floor, Deepak Wasan Plaza, Behind Hotel
Holiday INN, Sanjay Place, Agra, Uttar Pradesh - 282 002. Tel No.: 7518801801 • Ahmedabad Oice No.
401, 4th Floor, ABC-I, O. C.G. Road, Navrangpura, Ahmedabad, Gujarat - 380006. Tel. No.: 9081903021
• Ajmer 302, 3rd Floor, Ajmer Auto Building, Opposite City Power House, Jaipur Road, Ajmer - 305001.
Tel. No.: 0145 5120725 • Akola Shop No 25, Ground Floor, Yamuna Tarang complex, Murtizapur Road,
N.H. No- 6, Opp. Radhakrishna Talkies, Akola, Maharashtra, Akola - 444 001 Tel. No.: 0724 2451874
• Aligarh 1st Floor, Sevti Complex, Near Jain Temple, Samad Road, Aligarh-202001. Tel No.:7518801802
• Allahabad “Meena Bazar” 2nd Floor, 10 S.P. Marg Civil Lines, Subhash Chauraha, Prayagraj, Uttar
Pradesh - 211 001. Tel No.:- 7518801803 • Alwar Oice Number 137, First Floor, Jai Complex Road No – 2,
Alwar, Rajasthan - 301001. Tel. No.: 0144-4901131 • Ambala 6349, 2nd Floor, Nicholson Road, Adjacent
Kos Hospital Ambala Cant. Ambala, Haryana, Ambala -133 001. Tel No.:7518801804 • Amravati Shop No.
21, 2nd Floor, Gulshan Tower, Near Panchsheel Talkies, Jaistambh Square, Amravati - 444601. Tel. No.:
0721 2569198 • Amritsar SCO 5, 2nd Floor, District Shopping Complex, Ranjit Avenue, Amritsar - 143 001.
Tel No.: 0183-5053802 • Anand B-42 Vaibhav Commercial Center, Nr Tvs Down Town Shrow Room, Grid
Char Rasta, Anand - 380001. Tel. No.: 9081903038 • Ananthapur #13/4, Vishnupriya Complex,Beside
SBI Bank, Near Tower Clock,Ananthapur-515001. Tel No.: 9515144445 • Asansol 112/N, G. T. Road,
Bhanga Pachil, G.T. Road, Paschim Bardhaman, West Bengal - Asansol - 713303. Tel. No.: 0341-2220077
• Aurangabad Shop no B 38, Motiwala Trade Center, Nirala Bazar, Aurangabad 431001. Tel. No.: 0240
2343414 • Azamgarh Shop no. 18 Gr. Floor, Nagarpalika, Infront of Treasury oice, Azamgarh, Uttar
Pradesh, Azamgarh - 276 001. Tel. No.: 7518801805 • Balasore 1-B. 1st Floor, Kalinga Hotel Lane,
Baleshwar, Baleshwar Sadar, Orissa, Balasore - 756 001. Tel No.:06782-260503 • Bangalore No 35,
Puttanna Road, Basavanagudi, Bangalore - 560 004. Tel No.: 080-26602852 • Bankura Plot nos. 80/1/A,
Natunchati Mahalla, 3rd loor, Ward no-24, Opposite P.C Chandra, Bankura Town, Bankura - 722101. Tel. No.:
9434480586 • Bareilly 1st FloorRear Side, A -Square Building, 54-Civil Lines, Ayub Khan Chauraha, Bareilly
- 243001 Tel. No.: 7518801806 • Baroda 1st Floor, 125 Kanha Capital, Opp. Express Hotel, RC Dutt Road,
Alkapuri, Baroda, Gujarat, Baroda -390 007. Tel No.:- 02652353506/07• Begusarai Sri Ram Market, Kali
Asthan Chowk, Matihani Road, Begusarai, Bihar, Begusarai - 851 101. Tel. No.: - 7518801807/9693344717
• Belgaum Premises No 101 CTS NO 1893, Shree Guru Darshani Tower, Anandwadi, Hindwadi, Belgaum -
590 011. Tel No.:- 0831 2402544 • Bellary Ground Floor, 3rd Oice, Near Womens College Road, Beside
Amruth Diagnostic Shanthi Archade, Bellary 583103. Tel. No.: 0839 - 2254750 • Berhampur (Or) Opp.
Divya Nandan Kalyan Mandap, 3rd Lane Dharam Nagar,Near Lohiya Motor, Berhampur (Or), Orissa
- 760001. Tel. No.: 0680-2228106 • Bhagalpur 2nd Floor, Chandralok Complex, Ghantaghar, Radha
Rani Sinha Road, Bhagalpur - 812001. Tel. No.: 7518801808 • Bharuch 123 Nexus business Hub, Near
Gangotri Hotel, B/s Rajeshwari Petroleum, Makampur Road, Bharuch - 392 001. Tel No.: 9081903042
• Bhatinda 2nd Floor,, MCB -Z-3-01043 Goniana Road Opposite Nippon India Mf, Gt Road, Near Hanuman
Chowk, Bhatinda - 151 001. Tel No.:- 0164- 5006725 • Bhavnagar 303, Sterling Point, Waghawadi Road,
Bhavnagar – 364001. Tel. No.: 02783 003149 • Bhilai Oice No. 2, 1st Floor, Plot No. 9/6, Nehru Nagar [East],
Bhilai, Chhattisgarh - 490 020. Tel. No.: 7884901014 • Bhilwara Oice No. 14 B, Prem Bhawan, Pur Road,
Gandhi Nagar, Near Canara Bank, Bhilwara - 311 001. Tel No.:- 01482-246362 / 246364 • Bhopal SF-13 Gurukripa
Plaza, Plot No. 48A, Opposite City Hospital, Zone-2, M P nagar, Bhopal 462011. Tel No.: 0755-4092712
• Bhubaneswar A/181, Back Side Of Shivam Honda Show Room, Saheed Nagar, Bhubaneswar - 751007. Tel.
No.: 0674 2548981 • Bikaner
H. No. 10, Himtasar House, Museum circle, Civil line, Bikaner, Rajasthan,
Bikaner - 334 001. Tel. No.:- 0151-2943850
• Bilaspur Anandam Plaza; Shop No.306, 3rd Floor,
Vyapar Vihar Main Road, Bilaspur, Chhatisgarh, Bilaspur - 495 001. Tel No.: 07752-443680 • Bokaro City
Centre, Plot No. HE-07, Sector-IV, Bokaro Steel City, Bokaro - 827004. Tel. No.: 7542979444 • Burdwan
Saluja Complex 846, Laxmipur, G T Road, Burdwan; PS: Burdwan & Dist: Burdwan-East, Burdwan, West
Bengal, Burdwan-713 101. Tel No.:- 0342 2665140 • Calicut 2nd Floor, Manimuriyil Centre, Bank Road,
Kasaba Village, Calicut, State: Kerala, Calicut - 673 001. Tel No.: 4954022480 • Chandigarh 1st Floor, SCO
2469-70, Sec. 22-C, Chandigarh, Chandigarh - 160 022. Tel No.: 0172-5101342 • Chennai 9th Floor, Capital
Towers, 180, Kodambakkam High Road, Nungambakkam, Chennai – 600 034. Tel. No.: 044 42028512
• Chinsurah 96, PO: Chinsurah, Doctors lane, Chinsurah, West Bengal, Chinsurah -712 101. Tel No.:
033-26810164 • Cochin Door No.:61/2784 Second loor, Sreelakshmi Tower, Chittoor Road, Ravipuram
Ernakualm, Kerala. Ernakulam - 682 015. Tel. No.: 0484-4025059 • Coimbatore 3rd Floor, Jaya Enclave,
1057 Avinashi Road, Coimbatore - 641018. Tel. No.: 0422 4388011 • Cuttack Shop No-45, 2nd Floor, Netaji
Subas Bose Arcade, (Big Bazar Building) Adjacent to, Reliance Trends, Dargha Bazar, Cuttack - 753 001.
Tel No.: 0671-2956816 • Darbhanga H No-185, Ward No-13, National Statistical oice Campus, Kathalbari,
Bhandar Chowk, Darbhanga, Bihar, Darbhanga - 846 004. Tel. No.: - 7739299967 • Davangere D. No
162/6, 1st Floor, 3rd Main, P J Extension, Davangere taluk, Davangere Mandal, Karnataka, Davangere
- 577 002. Tel No.: 0819-2258714 • Dehradun Shop No-809/799 , Street No-2 A, Rajendra Nagar, Near
Sheesha Lounge, Kaulagarh Road, Dehradun - 248 001. Tel. No.:- 7518801810 • Deoria K. K. Plaza, Above
Apurwa Sweets, Civil Lines Road, in the city of Deoria, Uttar Pradesh, Deoria - 274 001. Tel No.:7518801811
• Dhanbad 208 New Market, 2nd Floor, Bank More, Dhanbad - 826001. Tel. No.: 9264445981
• Dhule Ground Floor, Ideal Laundry, Lane No 4, Khol Galli, Near Muthoot Finance, Opp. Bhavasar General
Store, Dhule - 424001. Tel. No.: 02562 282823 • Durgapur MWAV-16, Bengal Ambuja, 2nd Floor, City
Centre, Distt. Burdwan, Durgapur-16, Durgapur - 713216. Tel. No.: 0343 6512111 • Eluru D.No. 23A-7-72/73,
K K S Plaza, Munukutla Vari Street, Opp. Andhra Hospitals, R R Peta, West Godavari Dist., Eluru - 534
002. Tel. No.: 08812 227851 • Erode Address No 38/1, Sathy Road, (VCTV Main Road), Sorna Krishna
Complex, Ground Floor, Erode, Tamil Nadu, Erode - 638 003. Tel No.:0424-4021212 • Faridabad A-2B
2nd Floor, Neelam Bata Road, Peer ki Mazar, Nehru Groundnit, Faridabad 121001. Tel. No.: 7518801812
• Ferozpur The Mall Road, Chawla Bulding, Ist Floor, Opp. Centrail Jail, Near Hanuman Mandir, Ferozepur
- 152002. Tel. No.: 01632 241814 • Gandhidham Shop # 12, Shree Ambica Arcade, Plot # 300, Ward 12,
Opp. CG High School, Near HDFC Bank, Gandhidham - 370201. Tel. No.: 9081903027 • Gandhinagar 138
- Suyesh solitaire, Nr. Podar International School, Kudasan, Gujarat, Gandhinagar – 382 421. Tel. No.: 079
23244955 • Gaya Property No. 711045129, Ground Floor Hotel Skylark, Swaraipuri Road, Gaya - 823 001.
Tel No.: 0631-2220065 • Ghaziabad FF - 31, Konark Building, Rajnagar, Ghaziabad, Uttar Pradesh,
Ghaziabad - 201001. Tel No.: 7518801813 • Ghazipur House No. 148/19, Mahua Bagh, in the city of Ghazipur,
Uttar Pradesh, Ghazipur - 233 001. Tel No.:7518801814 • Gonda House No. 782, Shiv Sadan, ITI Road, Near
Raghukul Vidya Peeth, Civil Lines, Gonda, Uttar Pradesh - 271001 Tel No.: 7518801815
• Gorakhpur Shop No 8 & 9, 4th Floor, Cross Road The Mall, Bank Road, Gorakhpur - 273 001. Tel No.:-
7518801816 • Guntur 2nd Shatter, 1st Floor. House no. 6-14-48, 14/2 Lane, Arundal Pet, Guntur, Andhra
Pradesh, Guntur - 522 002. Tel No.: (0863) 2339094 • Gurgaon No: 212A, 2nd Floor,Vipul Agora, M. G.
Road, Gurgaon 122001. Tel. No.: 7518801817 • Guwahati Ganapati Enclave, 4th Floor, Opposite Bora
service, Ullubari, Guwahati, Assam 781007. Tel. No.: 0361-3501536/37 • Gwalior City Centre, Near Axis
Bank, Gwalior - 474 011. Tel No.: 7518801818 • Haldwani Shop No. 5, KMVN Shopping Complex, Haldwani,
Uttarakhand, Uttaranchal - 263139. Tel. No.: 7518801819 • Haridwar Shop No. 17, 1st Floor, Bhatia Complex
Near Jamuna Palace, Haridwar - 249 410. Tel No.: 7518801820 • Hassan SAS NO: 490, Hemadri Arcade,
2nd Main Road, Salgame Road, Near Brahmins Boys Hostel, Hassan573201. Tel No.:- 08172 262065.
• Hissar Shop No. 20, Ground Floor, R D City Centre, Railway Road, in the city of Hissar, Haryana, Hissar
- 125 001. Tel No.:7518801821 • Hoshiarpur The Mall Complex Unit No. SF-6, 2nd Floor, Opp. Kapila Hospital,
Sutheri Road, Hoshiarpur - 146 001. Tel No.: 01882-500143 • Hubli R R Mahalaxmi Mansion, Above
Indusind Bank, 2nd Floor, Desai Cross, Pinto Road, Hubli - 580 029. Tel No.: 0836-2252444
• Hyderabad (Gachibowli) Selenium Plot No: 31 & 32, Tower B, Survey No.115/22 115/24 115/25, Financial
District Gachibowli Nanakramguda, Serilimgampally Mandal, Hyderabad – 500032. Tel. No.: 040-
79615122 • Hyderabad No:303, Vamsee Estates, Opp. Bigbazaar, Ameerpet - 500 016. Tel No.: 040-
44857874 / 75 / 76 • Indore 101 Diamond Trade Center, Opp:- Swamy Vivekananda School, Above Khurana
Bakery, Indore - 452 001. Tel. No.:- 0731 4218902 / 4266828. • Jabalpur 2nd Floor, 290/1 (615-New), Near
Bhavartal Garden, Jabalpur Madhya Pradesh - 482 001. Tel. No.: 0761-4923301 • Jaipur Oice Number
101, 1st Floor, Okay Plus Tower, Next to Kalyan Jewellers, Government Hostel Circle, Ajmer road, Jaipur,
Rajasthan, Jaipur - 320 001. Tel No.:01414167715/17 • Jalandhar Oice No 7, 3rd Floor, City Square building,
EH197 Civil Lines, Jalandhar - 144 001. Tel No.: 0181-5094410 • Jalgaon 269, Jaee Vishwa, 3rd Floor,
Baliram Peth, Above United Bank Of India, Near Kishor Agencies, Jalgaon - 425001. Tel. No.: 9421521406
• Jalpaiguri D B C Road, Opp. Nirala Hotel, Jalpaiguri, West Bengal. Jalpaiguri - 735 101. Tel No.: 03561-
222136 • Jammu 1D/D Extension 2, Valmiki
Chowk, Gandhi Nagar, Jammu, Jammu & Kashmir - 180004.
Tel. No.: 0191-2470973 • Jamnagar 131 Madhav
Plazza, Opp SBI Bank, Nr Lal Bunglow, Jamnagar - 361
008. Tel No.: 0288 3065810 • Jamshedpur Madhukunj, 3rd Floor, Q Road, Sakchi, Bistupur, East
Singhbhum, Jharkhand, Jamshedpur - 831 001. Tel No.:6572912170 • Jhansi 1st Floor, Puja Tower, Near
48 Chambers, ELITE Crossing, in the city of Jhansi, Uttar Pradesh, Jhansi - 284 001. Tel No.:7518801823
• Jodhpur Shop No. 6, Ground Floor, Gang Tower, Opposite Arora Moter, Service Centre, Near Bombay
Moter Circle, Jodhpur - 342 003. Tel No.: 7737014590 • Junagadh Shop No. 201, 2nd Floor, V-ARCADE
Complex, Near Vanzari Chowk, M.G. Road, Junagadh - 362 001. Tel No.:- 0285-2652220
• Kalaburagi H No 2-231, Krishna Complex, 2nd loor, Opp. Muncipal Corporation Oice, Jagat, Station
Main Road, Kalaburagi, State - Karnataka, Kalaburagi - 585 105. Tel No.: 08472 252503 • Kalyani Ground
Floor, H. No. B-7/27S, Kalyani HO, Nadia, West Bengal, Kalyani - 741 235. Tel No.: +91 - 9883018948
• Kannur 2nd Floor, Global Village, Bank Road, Kannur - 670 001. Tel No.: 0497-2764190 • Kanpur 15/46,
B, Ground Floor, Opp. Muir Mills, Civil Lines, Kanpur - 208001. Tel. No.: 7518801824 • Karimnagar 2nd
Shetter, HNo. 7-2-607, Sri Matha Complex, Mankammathota, KarimNagar, Telangana, Andhra Pradesh -
505001. Tel. No.: 0878-2244773 • Karnal 3 Randhir Colony, Near Doctor J.C.Bathla Hospital, Karnal,
Haryana, Karnal -132 001. Tel No.:- 0184-2252524 • Karur No 88/11, BB plaza, NRMP street, K S Mess Back
side, Karur - 639 002. Tel No.: 04324-241755 • Kharagpur SBI Building, Malancha Road, Holding No
254/220, Ward No.16, PO Kharagpur, PS - Kharagpur, Dist - Paschim Medinipur, West Bengal, Kharagpur
- 721304. Tel No.: 3222253380 • Kolhapur 605/1/4 E Ward, Shahupuri 2nd Lane, Laxmi Niwas, Near Sultane
Chambers, Kolhapur - 416001. Tel. No.: 0231 2653656 • Kolkata 2/1 Russel Street, 4th Floor, Kankaria
Centre, Kolkata, West Bengal. Kolkata -700 071. Tel No.: 03366285900 • Kollam Sree Vigneswara Bhavan,
Shastri Junction, Kollam, Kerala Kollam - 691 001. Tel No.:- 0474-2747055 •
Korba Oice No. 202, 2nd
Floor, QUBE 97, ICRC Transport Nagar Korba, Chhattisgarh, Korba - 495 677 Tel No.: +91 - 7000544408
• Kota D-8, Shri Ram Complex, Opposite Multi Purpose School, Gumanpur, Kota - 324 007. Tel No.: 0744-
5100964 • Kottayam 1st Floor Csiascension Square, Railway Station Road, Collectorate P O, Kottayam
- 686002. Tel. No.: 9496700884 • Kurnool Shop No:47, 2nd Floor, S komda Shoping mall, Kurnool - 518
001. Tel No.: 08518-228550 • Lucknow Ist Floor, A. A. Complex, Thaper House, 5 Park Road, Hazratganj,
Lucknow - 226001. Tel. No.: 0522-4061893 • Ludhiana Sco - 122, 2nd Floor, Above HDFC MF, Feroze
Gandhi Market, Ludhiana, Punjab, Ludhiana - 141 001. Tel No.: 0161-4670278 • Madurai No. G-16/17, AR
Plaza, 1st loor, North Veli Street, Madurai - 625 001. Tel No.:- 0452-2605856 • Malda Ram Krishna Pally,
Ground Floor, English Bazar, Malda, West Bengal, Malda - 732 101. Tel no.:03512-223763
B. LIST OF INVESTOR SERVICE CENTRES OF KFIN TECHNOLOGIES LIMITED, REGISTRAR & TRANSFER AGENTS OF INVESCO MUTUAL FUND (ONGOING BASIS) THESE WILL BE IN
ADDITION TO THE EXISTING OFFICIAL POINTS OF ACCEPTANCE OF INVESCO ASSET MANAGEMENT (INDIA) PRIVATE LIMITED
Registrar & Transfer Agent : KFin Technologies Limited
Contact Details: Unit - Invesco Mutual Fund, Selenium Building, Tower B, Plot No 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad- 500 032.
Tel No.: +91 040 6716 2222 • Email: mfservices@invesco.com • Website: https://www.kintech.com
• Mandi House No. 99/11, 3rd Floor, Opposite GSS Boy School, School Bazar, in the city of Mandi, Himachal
Pradesh, Mandi - 175 001. Tel No.:7518801833 • Mangalore Shop No – 305, 3rd Floor Marian Paradise
Plaza, Bunts Hostel Road, Dakshina Kannada, Mangalore, Karnataka, Mangalore – 575003. Tel No.:- +91
08242496289 • Margoa Shop No 21, Osia Mall, 1st Floor, Near KTC Bus Stand, SGDPA Market Complex,
Margao- 403601 Tel. No.: 0832-2957253 • Mathura Shop No. 9, Ground Floor, Vihari Lal Plaza, Opposite
Brijwasi Centrum, Near New Bus Stand, in the city of Mathura, Uttar Pradesh, Mathura - 281 001. Tel
No.:7518801834 • Meerut Shop No. 111, First Floor, Shivam Plaza, Near Canara Bank, Opposite Eves Petrol
Pump, Meerut - 250 001, Uttar Pradesh. Tel No.: 7518801835 • Mehsana FF-21, Someshwar Shopping
Mall, Modhera Char Rasta, Mehsana - 384002. Tel. No.: 02762-242950 • Mirzapur Ground Floor, Triveni
Campus, Ratan Ganj, Mirzapur - 231 001. Tel No.: 7518801836 • Moga 1st Floor, Dutt Road, Mandir Wali
Gali, Civil Lines, Barat Ghar, Moga - 142001. Tel. No.: 01636 230792 • Moradabad Chadha Complex, G.
M. D. Road, Near Tadi Khana, Chowk, in the city of Moradabad, Uttar Pradesh, Moradabad - 244 001. Tel
No.:7518801837 • Morena House No. HIG 959, Near Court, Front of Dr. Lal Lab, Old Housing Board Colony,
Morena, Madhya Pradesh, Morena - 476 001. Tel No.:7518801838 • Mumbai Gomati Smuti, Ground Floor,
Jambli Gully, Near Railway Station, Borivali (West), Mumbai - 400 092. Tel. No.: 9673606377
• Mumbai 6/8 Ground Floor, Crossley House Near BSE (Bombay Stock Exchange) Next to Union Bank,
Fort, Mumbai- 400 001, Maharashtra. Tel No.: 022-46052082 • Mumbai Oice No. 103, 1st Floor, MTR
Cabin-1, Vertex, Navkar Complex M. V. Road, Andheri East, Opp. Andheri Court, Mumbai, Maharashtra.
Mumbai – 400 069. Tel No.:- 022 - 4673366 • Muzaarpur 1st Floor Saroj Complex, Diwam Road, Near
Kalyani Chowk, Muzaarpur, Bihar, Muzaarpur - 842 001. Tel No.:7518801839 • Mysore No. 2924, 2nd
Floor, 1st Main, 5th Cross Saraswathi Puram, Mysore - 570 009. Tel. No.: 0821-2438006 • Nadiad 311-3rd
Floor City Center, Near Paras Circle Nadiad, State - Gujarat, Nadiad - 387 001. Tel No.: 2682563245
• Nagerkoil 45, East Car Street, 1st Floor, Nagercoil - 629001. Tel. No.: 04652 233552 • Nagpur Plot No.
2, Block No. B / 1 & 2, Shree Apartment, Khare Town, Mata Mandir Road, Dharampeth, Nagpur Maharashtra
- 440 010. Tel. No.: 0712-2533040 • Nanded Shop No.4, Santakripa Market, G G Road, Opp. Bank Of India,
Nanded - 431601. Tel. No.: 02462 237885 • Nasik S-9, Second Floor, Suyojit Sankul, Sharanpur Road,
Nasik - 422 002 Tel. No.: 0253-6608999 • Navsari 103, 1st Floor, Landmark Mall Near Sayaji Library Navsari
- 396445. Tel. No.: 9081903040 • New Delhi 305 New Delhi House, 27 Barakhamba Road, New Delhi -
110001. Tel. No.: 011 43681700 • Noida F-21, 2nd Floor, Near Kalyan Jewelers, Sector-18, Noida 201301.
Tel No.:7518801840 • Palghat No: 20 & 21 , Metro Complex H.P.O.Road Palakkad, H.P.O.Road, Palakkad
- 678001. Tel. No.: 9895968533 • Panjim H. No: T-9, T-10, Aran plaza, 3rd Floor, Near Don Bosco High
School, Panjim - 403 001. Tel No.: 0832-2426874 • Panipat Shop No. 20, 1st Floor BMK Market, Behind
HIVE Hotel, G.T. Road, Panipat-132103, Haryana. Tel.No.: 7518801841 • Pathankot 2nd Floor, Sahni Arcade
Complex, Adj. Indra Colony Gate Railway Road, Pathankot - 145001. Tel. No.: 0186-5074362
• Patiala B- 17/423 Opp. Modi College, Lower Mall, Patiala - 147 001. Tel No.:- 0175-5004349 • Patna Flat
No. 102, 2BHK Maa Bhawani Shardalay, Exhibition Road, Patna, Bihar, Patna- 800 001 Tel. No.: 06124149382
• Pondicherry No 122(10b), Muthumariamman Koil Street, Pondicherry - 605 001. Tel No.: 0413-4300710
• Pune Oice # 207-210, 2nd Floor, Kamla Arcade, JM Road. Opposite, Balgandharva, Shivaji Nagar, Pune
- 411 005. Tel No.: 020-46033615 • Raipur Oice No S-13, Second Floor, Reheja Tower, Fafadih Chowk,
Jail Road, Raipur (C.G.) - 492001. Tel. No.: 0771-4912611 • Rajahmundry 46-23-10/A, 2nd Floor, Tirumala
Arcade, Ganuga Street, Danavaipeta, Rajahmundry, Andhra Pradesh Rajahmundry – 533 103. Tel No.:-
0883-2442539 • Rajkot 302, Metro Plaza, Near Moti Tanki Chowky,Rajkot - 360001. Tel. No.: 9081903025
• Ranchi Room no 103, 1st Floor, Commerce Tower, Beside Mahabir Tower, Main Road, Ranchi, Jharkhand,
Ranchi - 834 001. Tel No.:- +91 06512330160 • Ratlam 106 Rajaswa Colony, Near Sailana Bus Stand,
Ratlam, Madhya Pradesh, Ratlam - 457 001. Tel No.: +91 - 9907908155 • Rewa Shop No. 2, Shree Sai
Anmol Complex, Ground Floor Opp Teerth Memorial Hospital, Rewa - 486 001. Tel No.: 7518801843
• Rohtak Oice No: 61, First Floor Ashoka Plaza, Delhi Road, Rohtak, Haryana. Rohtak – 124 001. Tel No.:
+91 7518801844. • Roorkee Near Shri Dwarkadhish Dharm Shala, Ramnagar, Roorkee, Uttaranchal,
Roorkee-247 667. Tel. No.: 7518801845 • Rourkela 2nd Floor, Main Road Udit Nagar, Sundargarh, Rourekla
- 769 012. Tel No.: 0661-2500005 • Sagar 2nd loor, Above Shiva Kanch Mandir, 5 Civil Lines, Sagar -
470002. Tel. No.: 07582 402404 • Saharanpur 1st Floor, Krishna Complex, Opp. Hathi Gate, Court Road,
Uttar Pradesh. Saharanpur – 247 001. Tel No.: +91 - 0132-2990945 • Salem No.6, NS Complex, Omalur
main road, Salem, Tamil Nadu - 636009. Tel. No.: 0427-4020300. • Sambalpur 1st Floor; Shop No. 219
Sahej Plaza, Gole bazar; Sambalpur - 768 001. Tel No.: 06632533437 • Satna 1st Floor, Gopal Complex,
Near Bus Stand, Rewa Road, Satna - 485 001. Tel No.: 7518801847 • Shillong Annex Mani Bhawan, Lower
Thana Road, Near R K M Lp School, Shillong - 793001. Tel. No.: 0364 2506106 • Shimla 1st Floor, Hills
View Complex, Near Tara Hall, Shimla, Himachal Pradesh - 171002. Tel. No.: 7518801849
• Shimoga Jayarama Nilaya, 2nd Corss, Mission Compound, Shimoga - 577 201. Tel No.:- 08182-228799.
• Shivpuri Near Hotel Vanasthali, In Front of Sawarkar Park, A. B. Road, in the city of Shivpuri, Madhya
Pradesh, Shivpuri - 473 551. Tel No.:7518801850 • Sikar First Floor, Super Tower, Behind Ram Mandir Near
Taparya Bagichi, Sikar - 332001. Tel. No.: 01572 250398 • Silchar N.N. Dutta Road, Chowchakra Complex,
Premtala, Silchar - 788001. Tel. No.: 03842 261714 • Siliguri 2nd Floor, Nanak Complex, Sevoke Road,
West Bengal, Siliguri - 734 001. Tel No.: (0353) 2522579 • Sitapur 12/12 Surya Complex, Station Road,
Sitapur - 261 001. Tel No.: 7518801851 • Solan Disha Complex, 1st Floor, Above Axis Bank, Rajgarh Road,
in the city of Solan, Himachal Pradesh, Solan - 173 212. Tel No.:7518801852 • Solapur Shop No-106, Krishna
complex 477, Dakshin Kasaba, Datta Chowk, Solapur, Maharashtra. Solapur - 413 007. Tel No.:- 0217-
2300021 / 2300318 • Sonepat Shop No. 205, 2nd Floor, PP Tower, Opp Income Tax Oice, Subhash
Chowk, Sonepat - 131001. Tel No.:7518801853 • Sri Ganganagar Address Shop No. 5, Opposite Bihani
Petrol Pump, Near Baba Ramdev Mandir, NH – 15, Sri Ganganagar, Rajasthan, Sri Ganganagar - 335 001.
Tel No.:0154-2470177 • Srikakulam D. No.: 158, Shop No# 3, Kaki Street, Opp. Tulasi Das Hospital, CB
Road, Srikakulam, Andhra Pradesh, Srikakulam - 532 001. Tel. No.: 08942229925 • Sultanpur 1st Floor,
Ramashanker Market, Civil Line, in the city of Sultanpur, Uttar Pradesh, Sultanpur - 228 001. Tel
No.:7518801854 • Surat Ground Floor, Empire State building, Near Udhna Darwaja, Ring Road, Surat
395002. Tel. No.: 9081903041 • Thane Room No. 302, 3rd Floor, Ganga Prasad, Near RBL Bank Ltd., Ram
Maruti Cross Road, Naupada, Thane West, Mumbai - 400 602. Tel.No. 022-25303013. • Tirunelveli 55/18,
Jeney Building, S N Road, Near Aravind Eye Hospital, Tirunelveli - 627001. Tel. No.: 0462 4001416
• Tirupathi* Shop No:18-1-421/f1, CITY Center, K.T. Road, Airtel Backside oice. Tirupati, Andhra Pradesh
Tirupati -517 501. Tel No.: 08772255797 • Tiruvalla 2nd Floor, Erinjery Complex, Ramanchira, Opp. Axis
Bank, Thiruvalla - 689107. Tel. No.: 0469-2740540 • Tinsukia 3rd Floor, Chirwapatty Road, Tinsukia,
Assam, Tinsukia - 786 125. Tel No.: +91 - 8761867223 • Thrissur 4th Floor, Crown Tower, Shakthan Nagar,
Opp. Head Post Oice, Thrissur - 680 001. Tel No.: 0487- 6999987 • Trichy No 23C/1 E V R road, Near
Vekkaliamman Kalyana Mandapam, Putthur, Trichy,Tamil Nadu, Trichy - 620 017. Tel No.:0431-4020227
• Trivandrum 3rdFloor, No- 3b Tc-82/3417, Capitol Center, Opp Secretariat, MG Road, Trivandrum, Kerala,
Trivandrum - 695 001.
Tel. No.:- 9400495021. • Tuticorin 4 - B, A34 - A37, Mangalmal
Mani Nagar, Opp.
Rajaji Park, Palayamkottai Road, Tuticorin - 628003. Tel. No.: 0461 2334603 • Udaipur Shop No. 202,
2nd Floor business, center, 1C Madhuvan, Opp G P O Chetak Circle, Udaipur - 313 001. Tel No.: 0294-
2429370 • Ujjain Heritage Shop No. 227, 87 Vishvavidhyalaya Marg, Station Road, Near ICICI Bank, Above
Vishal Megha Mart, Ujjain 456001. Tel. No.: 0734 4250007 • Valsad 406 Dreamland Arcade, Opp Jade
Blue , Tithal Road, Valsad, Gujarat, Valsad - 396 001. Tel No.:02632-258481 • Vapi A-8, Second Floor,
Solitaire Business Centre, Opp. DCB Bank, GIDC Char Rasta, Silvassa Road, Vapi - 396191. Tel. No.:
9081903028 • Varanasi D.64 / 52, G – 4, Arihant Complex, Second Floor, Madhopur, Shivpurva, Sigra
(Near Petrol Pump), Varanasi, Uttar Pradesh, Varanasi - 221 010. Tel No.: 7518801856 • Vashi Vashi Plaza,
Shop no. 324, C Wing, 1st Floor, Sector 17, Vashi Mumbai - 400705. Tel. No.: 022-49636853
• Vellore No 2/19, 1st Floor, Vellore City Centre, Anna Salai, Vellore - 632 001. Tel No.:- 0416-41603806
• Vijayawada HNo. 26-23, 1st Floor, Sundaramma street, Gandhi Nagar, Krishna, Vijayawada - 520 010.
Tel No.: 0866 - 6604040/39/32
• Visakhapatnam Door No : 48-10-40, Ground Floor, Surya Ratna Arcade,
Srinagar, Opp Road to Lalitha Jeweler Showroom, Beside Taj Hotel Ladge, Visakhapatnam - 530 016. Tel
No.: 0891-2714125 • Warangal Shop No 22, Ground Floor Warangal City Center,15-1-237, Mulugu Road
Junction, Warangal, State - Telangana, Warangal - 506 002. Tel No.: (0870) 2441513 • Yamunanagar B-V,
185/A, 2nd Floor, Jagadri Road, Near DAV Girls College, (UCO Bank Building) Pyara Chowk, Yamunanagar,
Haryana - 135001. Tel.
No.: 7518801857
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Invesco Asset Management (India) Private Limited
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