NFO Watch: Invesco MF Launches Sensex, Nifty Bank Index-Based Passive Schemes

Invesco Mutual Fund has launched two new passive investment schemes - Invesco India BSE Sensex Index Fund and the Invesco India Nifty Bank Index Fund. The New Fund Offers (NFOs) are aimed at providing investors with low-cost exposure to India’s equity markets and banking sector. Both the open-ended schemes opened for subscription on April 23 and will close on May 7, 2026.

The Invesco India BSE Sensex Index Fund will track the BSE Sensex, which has 30 of India’s largest and most established companies across sectors in the index. The fund will replicate the index composition by investing in the same stocks in a similar weightage. The Sensex has historically reflected India’s long-term economic growth, making it a key benchmark for equity investors.

Meanwhile, the Invesco India Nifty Bank Index Fund will mirror the Nifty Bank Index, offering focused exposure to leading public and private sector banks. The banking index represents a critical segment of the economy, often seen as a barometer of financial system strength and economic activity.

Both funds will follow a passive investment strategy, emphasising transparency and cost efficiency. The funds will be managed by Abhisek Bahinipati and aim to deliver returns aligned with their respective benchmark indices.

The schemes are designed to appeal to investors seeking simplified access to equity markets without active stock selection. The minimum lump sum investment during the NFO is set at Rs. 100, with additional investments to be made in multiples of Re. 1. Meanwhile, systematic investment plans (SIPs) start at Rs. 20 for daily options via digital platforms and Rs. 100 for weekly and monthly options. Quarterly SIPs require a minimum of Rs. 300. Notably, the funds will not levy any exit load.

The mutual fund house noted that India’s favourable macroeconomic backdrop, such as strong domestic consumption, demographic advantages, and ongoing policy reforms, acts as a key driver for long-term wealth creation. The introduction of these index funds aligns with growing investor interest in passive investing strategies amid expanding financial markets, it said.

Invesco asset management company managed over $2.2 trillion in assets globally as of December 2025, while its India arm oversees more than Rs. 1.55 lakh crore in assets across mutual funds and other advisory services. With these new schemes, Invesco aims to strengthen its passive product suite and provide investors with diversified and targeted exposure, it said.