Invesco Mutual Fund resume subscription in its 3 international funds

Invesco Mutual Fund has announced the resumption of subscription in its three overseas fund of funds with effect from December 5. These three funds are – Invesco India – Invesco Global Equity Income Fund of Fund, Invesco India – Invesco Pan European Equity Fund of Fund and Invesco India – Invesco Global Consumer Trends Fund of Fund.

The fund house informed about this to its unitholders through a notice cum addendum.

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The fund house informed that it has been decided to revoke temporary suspension of subscription in designated funds and resume subscription through lumpsum purchases, switch-ins and fresh registration for Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’) and IDCW Transfer Plan in the said funds.

The subscriptions through lumpsum purchase, switch-ins and fresh registration for SIP / STP / IDCW Transfer Plans in the designated schemes will be allowed only up to the headroom available without breaching the overseas investments limits as of February 1, 2022 at the Fund level.

The AMC reserves the right to suspend the subscriptions through lumpsum purchases, switch-ins and fresh registration for SIP / STP / IDCW Transfer Plans in the designated schemes temporarily if the overseas investments is close to the limits as of February 1, 2022 at Fund level.

All other terms & conditions of the Scheme Information Documents (‘SIDs’) and Key Information Memorandums (‘KIMs’) of the designated schemes will remain unchanged. This notice cum addendum forms an integral part of the SID(s) / KIM(s) of the designated schemes, as amended from time to time.

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On October 9, the fund house announced temporary suspension of subscription through lumpsum purchases, switch-ins and fresh registration for Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’) and IDCW Transfer Plan.

And also mentioned that the suspension was temporary in nature and will continue till the limits for investments in overseas securities are enhanced by SEBI / RBI or increase in headroom without breaching overseas investment limit