Invesco mutual fund: 3 international schemes resume existing SIPs from August 18, but new registrations remain shut
New Delhi, Aug. 17 -- As restrictions on international mutual fund investments continue, Invesco Mutual Fund is reopening select existing SIP and STP transactions in three overseas fund-of-funds from 18 August. The move offers some relief to investors whose systematic investments in global funds have been disrupted by fund houses hitting their overseas investment limits.
The reopening applies to Invesco Global Equity Income Fund of Fund, Invesco Pan European Equity Fund of Fund and Invesco Global Consumer Trends Fund of Fund. However, it does not extend to new SIP registrations, lump-sum investments or switch-ins.
An analysis by Value Research shows that the number of international schemes where existing SIPs have been frozen has increa...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.