Invesco Mutual Fund Launches India Consumption Fund to Tap Rising Consumer Growth

Mumbai, October 3: Invesco Mutual Fund on Friday announced the launch of its new thematic equity scheme, the Invesco India Consumption Fund, aimed at capturing India’s long-term consumption growth story. The new fund offer (NFO) will open on October 3 and close on October 17, 2025.

The open-ended scheme will invest at least 80% of its assets in equities and equity-related instruments of companies benefiting from India’s consumption theme. It will follow a combination of top-down and bottom-up investment approaches, with allocation across both long-term structural opportunities and cyclical themes. The fund will be benchmarked against the Nifty India Consumption TRI and managed by Manish Poddar and Amit Ganatra.

“India stands as one of the world’s largest markets by population, and consumption is its largest theme. Rising incomes, urbanisation, aspirational consumers, and reforms such as GST 2.0 create a highly conducive environment for growth,” said Poddar, Fund Manager, Invesco Mutual Fund.

Saurabh Nanavati, CEO of Invesco Mutual Fund, added that a convergence of positive macroeconomic factors—including RBI’s rate cuts and GST reductions—was driving recovery in consumption. “The fund is strategically positioned to capitalize on these trends and give investors access to India’s consumption-driven growth story,” he said.

The minimum investment during the NFO is ₹1,000, while SIPs start from ₹100 for daily options and ₹500 for monthly ones. The scheme will levy a 0.5% exit load if units are redeemed within three months of allotment, with no charges thereafter.

Invesco Asset Management (India), with average AUM of ₹1.36 lakh crore as of June 2025, is among India’s leading asset managers. Its parent, Invesco Ltd., manages $2 trillion globally across active, passive, and alternative strategies.