For its three equity schemes Invesco India Growth Opportunities Fund, Invesco India Midcap Fund, and Invesco India Smallcap Fund Invesco Mutual Fund has changed a few fund managers.
The following are the changes in management positions within these funds:
Growth Opportunities Fund for Invesco India:
Aditya Khemani and Amit Ganatra, the former fund manager, now share duties.
Invesco India Midcap Fund: Aditya Khemani and former fund manager Amit Ganatra now share duties, much like the Growth Opportunities Fund.
Invesco India Smallcap Fund: Aditya Khemani and former manager Taher Badshah now collaborate on the fund’s management.
All other terms and conditions specified in the Scheme Information Documents (SIDs), Key Information Memorandums (KIMs), and Statement of Additional Information (SAIs) for these schemes would not change, the fund house promised investors, notwithstanding the modifications.
Effect on investors: Things to be aware of
The effect of manager changes or shifts in mutual funds may not always be felt immediately or dramatically. A group of analysts and co-managers supports each fund manager by assisting with overall decision-making. Nonetheless, experts advise investors to remain vigilant during these changes.
This is what investors need to think about.
- Keep a close eye on the fund: After the new manager takes over, pay close attention to the fund’s performance and any changes in the investment strategy. Prolonged and excessive portfolio turnover may indicate possible hazards. Reevaluating investments should be considered if there is a significant shift in the portfolio or a prolonged decline in performance. A significant departure from the fund’s customary approach could necessitate reevaluating the position.
- Alignment with fund objectives: Determine whether the new manager’s strategy is in line with the fund’s stated goal. A stronger focus on particular stocks or sectors of the economy could make the fund more risky.
- Performance expectation: Recognize that it is typical for performance to slightly deteriorate following managerial changes. Give the new manager some time to understand the dynamics of the portfolio before anticipating major gains. Give the new manager some time to get acquainted with the workings of the fund. During this period of adjustment, patience may lead to better performance.
