Religare Invesco Mutual Fund has launched an open-ended fund of funds scheme, Religare Invesco Pan European Equity Fund. The underlying fund to this scheme is the Invesco Pan European Equity Fund, domiciled in Luxembourg with assets under management of Euro €2.23 billion.
The NFO opened on January 15 and closes on January 29.
Saurabh Nanavati, MD and CEO, Religare Invesco Mutual Fund, said: “Diversification is the key and one of the basic building blocks for a solid portfolio. As different markets perform differently, diversifying your investments across markets helps to reduce risk and enhance portfolio performance. Given the low correlation between Indian and European equity markets, the Religare Invesco Pan European Equity Fund will help investors achieve diversification by investing in European companies, which are available at attractive valuations.”
The fund is benchmarked to MSCI Europe — ND.