Invesco Mutual Fund has launched three new exchange-traded funds targeting key Indian market indices. According to reports from Upstox Securities, the fund house has introduced the Invesco India BSE Sensex ETF and the Invesco India Nifty Bank ETF, along with the Invesco India Nifty IT ETF. These launches represent Invesco's continued expansion in the Indian ETF market, offering investors exposure to the benchmark BSE Sensex, banking sector, and information technology sector respectively. The Sensex ETF covers a mix of top companies across sectors, while the Nifty Bank ETF zeros in on leading banks, and the Nifty IT ETF tracks the Nifty IT Index with a 95%-100% equity allocation. As per Moneycontrol, both funds are designed to provide transparent and cost-efficient access to India's long-term growth opportunities through passive investing.
The New Fund Offer (NFO) for all three ETFs is scheduled to open on July 28, 2026, and will remain available for subscription until August 11, 2026. As reported by Upstox Securities, this 14-day subscription window provides investors with adequate time to evaluate their investment options in these index-linked products. Investors can start investing with ₹5,000 during the NFO period, making these funds accessible to a wider investor base. According to Moneycontrol, the minimum lump sum investment during the NFO period for both schemes is ₹5,000, with investments allowed in multiples of ₹1 thereafter. The Invesco India BSE Sensex ETF has an offer price of ₹10.00 per unit and carries a risk rating of 'Very High', as reported by Goodreturns.
The Invesco India BSE Sensex ETF is managed by Abhisek Bahinipati, as reported by Moneycontrol. The Invesco India Nifty Bank ETF is managed by Invesco Asset Management (India) Private Limited and launched under the co-sponsorship of IndusInd International Holdings Ltd. and Invesco Hong Kong Ltd. The Invesco India Nifty IT ETF is managed by Invesco Asset Management (India) Private Limited and is also launched under the co-sponsorship of IndusInd International Holdings Ltd. and Invesco Hong Kong Ltd. The Invesco India BSE Sensex ETF is an open-ended scheme that will replicate the BSE Sensex by investing in the 30 constituent stocks in the same proportion as the index, with the objective of keeping tracking error low. The Invesco India Nifty Bank ETF will track the Nifty Bank Index by investing in its constituent stocks in the same weights as the benchmark, offering investors exposure to leading public and private sector banks through a passive investment strategy aimed at minimizing tracking error.
The Invesco India Nifty IT ETF tracks the Nifty IT Index (Total Returns Index) with a 95%-100% equity allocation and is managed by Invesco Asset Management (India) Private Limited. The fund's asset allocation strategy mandates that 95%-100% of its net assets are invested in equity and equity-related securities of the target index, with the remaining 0%-5% allocated to money market instruments and liquid assets. The Nifty IT Index comprises 10 major Indian information technology companies listed on the National Stock Exchange, with Infosys Ltd. holding the largest weight at 27.34%, followed by Tata Consultancy Services Ltd. at 21.41%. Other constituents include Tech Mahindra Ltd. (11.27%), HCL Technologies Ltd. (10.73%), and Wipro Ltd. (6.91%). The index methodology ensures no single stock exceeds 33% of the total weight.
The Invesco India Nifty IT ETF units can be traded by retail investors in round lots of 1 unit on the NSE and BSE during market hours. Direct transactions with the AMC are limited to Market Makers and Large Investors, with a minimum transaction threshold of ₹25 Crores for Large Investors. The fund's Base Expense Ratio is capped at 0.90% of daily net assets, with no exit load. The Invesco India BSE Sensex ETF has an offer price of ₹10.00 per unit and carries a risk rating of 'Very High', as reported by Goodreturns.
