Invesco India Mutual Fund introduces Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund

Nov 24, 2021

Invesco India Mutual Fund has launched Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund.

It is an open-ended fund of funds scheme investing in units of Invesco CoinShares Global Blockchain UCITS ETF.

Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund (the Scheme) is a Fund of Funds scheme with the primary objective of generating returns by investing predominantly in units of Invesco CoinShares Global Blockchain UCITS ETF, an overseas exchange traded fund, which seeks to achieve the performance of the CoinShares Blockchain Global Equity Index (the “Reference Index”) less fees, expenses and transaction costs.

However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Under normal circumstances, Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund will hold an allocation of 95% to 100% of its assets in Shares of Invesco CoinShares Global Blockchain UCITS ETF (shares of Invesco CoinShares Global Blockchain UCITS ETF should be considered similar to units of the Fund.). It may hold 0% to 5% of its assets in Debt and money market securities / Units of debt and liquid schemes of Invesco Mutual Fund.

As per the Scheme Information Document, Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund will follow a passive investment strategy and will invest 95% of its net assets in units of Invesco CoinShares Global Blockchain UCITS ETF and remaining 5% of the net assets in domestic debt and money market securities / Units of debt and liquid schemes of Invesco Mutual Fund.

The Underlying Fund, Invesco CoinShares Global Blockchain UCITS ETF aims to achieve the performance of the CoinShares Blockchain Global Equity Index less fees, expenses and transaction costs. The CoinShares Blockchain Global Equity Index offers exposure to global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem.

Overview of Underlying Fund: Invesco CoinShares Global Blockchain UCITS ETF

Invesco CoinShares Global Blockchain UCITS ETF is a sub-fund of Invesco Markets II public limited company, an umbrella type open ended investment company with variable capital, governed by the laws of Ireland and authorized by the Central Bank of Ireland (the “Central Bank) of New Wapping Street, North Wall Quay, Dublin 1, Ireland.

Original Fund Launch Date: March 8, 2019

Share Class - Accumulation Launch Date: March 8, 2019

Base Currency: US Dollar

Domiciled: Ireland

The Underlying Fund (through the Scheme: Invesco CoinShares Global Blockchain UCITS ETF) is meant for the investors who are looking to tap growth potential of companies participating in the blockchain ecosystem and diversify portfolio by investing beyond home country and benefit from businesses not listed in India

Invesco CoinShares Global Blockchain UCITS ETF will provide an opportunity to introduce differentiated and new fund ideas from Invesco’s product basket to the investors in India.

Investment Policy of Invesco CoinShares Global Blockchain UCITS ETF:

  • In order to achieve the investment objective, the Underlying Fund will employ a replication method that looks to invest as far as possible and practicable in the constituents of the Reference Index.

  • The Underlying Fund intends to replicate the Reference Index by holding all of its constituent securities in a similar proportion to their weightings in the Reference Index.

  • In order to replicate the Reference Index, the Underlying Fund may invest up to 20% of its Net Asset Value in shares issued by the same body. This limit may be raised to 35% for a single issuer in exceptional market circumstances, for example, market dominance.

  • The Underlying Fund may have a high concentration of investment in a particular issuer.

Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund’s performance will be benchmarked against the CoinShares Blockchain Global Equity Index in USD.

Benchmark index description: The CoinShares Blockchain Global Equity Index offers exposure to global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem. It is designed to evolve with the potential growth of blockchain technology. Constituent weightings are subject to liquidity and UCITS constraints. The index is calculated and distributed by Solactive AG for CoinShares, an investment firm specializing in digital assets. The index is reviewed and rebalanced quarterly.

Invesco India- Invesco CoinShares Global Blockchain ETF Fund of Fund will be managed by Mr Neelesh Dhamnaskar and Mr Krishna Cheemalapati.

The NFO opens for subscription on November 24, 2021 and closes on December 08, 2021. The scheme will reopen for continuous Sale and Repurchase within 5 business days from the date of allotment.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth Option only.