Invesco Asset Management (India) Private Ltd Mutual Funds Investments

About Invesco Mutual Fund

Invesco is an investment management firm. Invesco is dedicated to delivering an investment experience that helps people in getting more out of life. It is based in Atlanta, Georgia, USA. It offers a wide range of investment capabilities across equity, fixed income, money market, and alternative asset classes. Also, these services are offered in single-country, regionally, and globally. They manage $1.35 trillion client assets in 120 countries with 8000+ employees globally. They have an on-the-ground presence in 25 countries.

Their key strengths are

• Commitment to investment excellence
• Depth of investment capabilities
• Organisational strength
• Global footprint

Invesco entered India in 2013. In partnership with Religare Securities Ltd. it formed Religare Invesco Asset Management Co. Ltd. Religare Invesco Mutual Fund was co-owned by Invesco and Religare. Religare’s holding was 51%. In 2015, Invesco bought 51% of the company. Therefore forming Invesco Asset Management India Ltd. or Invesco Mutual Fund.

Additionally, Invesco Mutual Fund aims to serve the investment needs of individual investors, corporations, and institutions. And, they do it through mutual funds and sub-advised portfolios.

They manage their product portfolio by individual focus management teams to create optimum balance and results. Also, their business model is adaptable to the fast-changing market scenarios. Thus, by leveraging their global resources and expertise, they offer best-in-class investment products.

As of 31st December 2020, the average assets under management in India is INR 44,776 crores. Also, it is the 16th largest asset manager in the country. It has more than 8.64 lakh active investor folios and a network of 23,304 empanelled distributors. Furthermore, it increased its presence in 51 cities and 52 branches. Invesco MF offers 29 funds across equity, fixed income, hybrid, ETF, and overseas funds.

Invesco India Mutual Fund follows a robust investment process for equities and fixed income. For fixed-income, the portfolios revolve around maximizing returns. Hence the fund managers do this by investing in quality assets, managing interest rate risk, and minimizing liquidity risk.

For equity, the fund house follows an active fund management strategy with Environment, Social, and Governance Overlay (ESG). Also, ESG uses bottom-up and top-down analysis along with few portfolio construction procedures.

Additionally, they categorize stocks based on growth, value, and event-based stocks. Also, the stock category names are quite unique. Following are some of them are the star, leader, warrior, diamond, frog prince, and shotgun.

Their risk management process starts at the same time their investment process begins and continues until the fund exists in the market.

Following are some of the well known funds offered by the AMC, Invesco India Tax Plan, Invesco India Gilt Fund, Invesco India Credit Risk Fund, Invesco India Growth Opportunities Fund, and Invesco India Mid Cap Fund.

Top Fund Managers

Top Equity Fund Managers

Mr. Taher Badshah

Mr. Badshah joined Invesco Mutual Fund in 2017. With more than 24 years of experience in Indian Equity markets, he is the Chief Investment Officer – Equities at Invesco India Mutual Fund. He is responsible for equity function management at the firm. He was previously associated with Motilal Oswal Asset Management, Kotak Mahindra Investment Advisors, ICICI Prudential Asset Management, and Alliance Capital Asset Management. Mr. Badshah holds a Masters in Management Studies degree in Finance from S.P. Jain Institute of Management. He also holds a B.E. degree in Electronics from the University of Mumbai. He currently manages the following funds Invesco India Contra Fund, Invesco India Growth Opportunities Fund, Invesco India Equity and Bond Fund, Invesco India Small Cap Fund, Invesco India Focused 20 Equity Fund and Invesco India Dynamic Equity Fund.

Mr. Amit Nigam

Mr. Nigam joined Invesco India Mutual Fund in September 2020 and as a Fund Manager. Prior to assuming this role, he was responsible for the PMS equity management department at Invesco asset management (India) Pvt. Limited. Before joining Invesco, he was associated with Essel Mutual Fund, PNB Paribad, SBI Funds Management & Reliance Industries Ltd. Mr. Nigam holds a mechanical degree from IIT, Roorkee and PGDM from IIM, Indore. He currently manages the following funds Invesco India Tax Plan, Invesco India Large cap Fund, Invesco India Multicap Fund, Invesco India Infrastructure Fund, Invesco India Equity Savings Fund, and Invesco India ESG Equity Fund.

Mr. Pranav Gokhale

Mr. Gokhale joined Invesco India Mutual Fund in 2008 and is currently a Fund Manager. He has more than 17 years of experience, of which over 14 years in Indian Equity markets. He was previously associated with IL&FS, ICICI Direct, International Ship Repair LLC Fujairah, and Rosy Blue Securities. Also, he holds an M.Com degree from Mumbai University. Mr. Gokhale is a Chartered Accountant from the Institute of Chartered Accountants of India, New Delhi. He currently manages the following funds at Invesco MF, Invesco India Mid Cap Fund, Invesco India Growth Opportunities Fund, Invesco India Dynamic Equity Fund, Invesco India Equity & Bond Fund, Invesco India Multi Cap Fund, and Invesco India Small Cap Fund.

Mr. Neelesh Dhamnaskar

Mr. Dhamnaskar joined Invesco Mutual Fund in 2010. He is currently a Fund Manager and is part of the equity investment team. His equity research and financial services domain experience is more than 14 years. Before joining Invesco MF, he was associated with ENAM (now part of Axis Bank), KRC, Anand Rathi Securities Limited. Mr. Dhamnaskar holds a Commerce degree. He also holds an MMS degree in Finance from Mumbai University. Also, he is currently pursuing CFA (USA) and is a Level III candidate. He currently manages the following funds Invesco India Midcap Fund, Invesco India Feeder – Invesco Pan European Equity Fund, Invesco India Infrastructure Fund, Invesco India – Invesco Global Consumer Trends Fund Of Fund and Invesco India Feeder – Invesco Global Equity Income Fund.

Mr. Nitin Gosar

Mr. Gosar joined Invesco MF in 2011 and is currently a Fund Manager. He has more than 14 years of experience in equity research. The companies with which Nitin was previously associated are IFCI Financial Services and Batlivala & Karani Securities. He holds a BMS degree. Mr. Gosar also holds a Master’s degree in Finance from ICFAI. He currently manages Invesco India Largecap Fund and Invesco India PSU Equity Fund.

Mr. Dhimant Kothari

Mr. Kothari joined Invesco Mutual Fund in 2011. He is currently a Fund Manager. He has more than 14 years of experience in financial and equity research. Before joining Invesco MF, he was associated with Credit Analysis & Research Ltd., Lotus India Asset Management and CRISIL Ltd. He is a Chartered Accountant and also holds a Commerce Degree. He currently manages the Invesco India Tax Plan, Invesco India Contra Fund, Invesco India PSU Equity Fund, Invesco India Equity Savings Fund and Invesco India Financial Services Fund.

Mr. Hiten Jain

Mr. Jain is a Research Analyst and Fund Manager at Invesco. He has more than 11 years of experience in which ten years alone is in equity research. He previously worked with CRISIL Limited as a senior research analyst. Also, he worked with Dunia Finance LLC Dubai. Mr. Jain has a BE from Mumbai University. He also is a CFA from CFA Institute, USA. He currently manages the Invesco India Financial Services Fund.

Ms. Rita Tahilramani

Ms. Tahilramani is an analyst in the equity investment team at Invesco. She has more than six years of experience in equity research. Before joining Invesco, she worked with SBICAP Securities Limited and Edelweiss Financial Services Ltd. Additionally, she worked as a research analyst in infra space, identifying investable opportunities in these companies. She also worked in product development of retail banking products for NMFC teams at Edelweiss. Also, she was a software trainer at BNP Paribas India Solutions. Ms. Tahilramani has completed her PGDBM (Finance) and BE in Computers.

Mr. Rajeev Bhardwaj

Mr. Bhardwaj is a part of Invesco as an equity dealer and fund manager. He has more than 15 years of experience in the industry. Before joining Invesco, he worked with SAL Securities in the Institutional Equity Sales department. He also worked with Share Khan as a relationship manager and Motilal Oswal Securities as a Business Development Executive. Mr. Bhardwaj holds an IT degree and MBA from Pune University. He manages Invesco India Arbitrage Fund.

Mr. Kuber Mannadi

Mr. Mannadi is an equity dealer and fund manager at Invesco. He comes with an experience of more than 15 years in equity dealing and financial services. Also, he worked with Sahara Asset Management as an equity dealer, Wipro Business Process Outsourcing as an analyst and Capital IQ Pvt. Ltd. as Research Associate. Mr. Manndi holds a Commerce Degree and PG diploma in Security Markets. Also, he holds an MBA from Sri Venkateswara University, Tirupati. He currently manages the Invesco India Nifty ETF.

Top Debt Fund Managers

Mr. Krishna Cheemalapati

Mr. Cheemalapati joined Invesco MF in 2011 and is currently part of the fixed income investment team as a Fund Manager. He has more than 22 years of experience in the Fixed Income sector. He was previously associated with Reliance General Insurance and ICAP India Pvt. Ltd. He holds a BE degree from Andhra University. He also holds PGDBA from ICFAI Business School, and CFA from ICFAI. Mr. Cheemalapati currently manages the following funds Invesco India Liquid Fund, Invesco India Ultra Short Term Fund (ultra short duration fund), Invesco India Treasury Advantage Fund, Invesco India Money Market Fund, Invesco India Gold Fund, Invesco India Gold Exchange Traded Fund, Invesco India Equity and Bond Fund, Invesco India Overnight Fund and Invesco India Equity Savings Fund. Invesco India Banking and PSU Debt Fund, Invesco India Corporate Bond Fund, Invesco India Credit Risk Fund, Invesco India Short Term Fund, and Invesco India – Invesco Global Consumer Trends Fund Of Fund.

Mr. Abhishek Bandiwdekar

Mr. Bandiwdekar joined Invesco Mutual Fund in 2014. He has more than 12 years of experience in Fixed Income Markets. Also is currently playing a dual role at Invesco MF as a Fund Manager and Dealer. His previous associations were with IDBI Asset Management and STCI Primary Dealer Ltd. He was also associated with Taurus Corporate Advisory Services Ltd., and A.K. Capital Services Ltd. He is a commerce graduate and also holds PGDFM in Finance from I.E.S Management College of Commerce & Economics, Mumbai. He is currently the fund manager of the Invesco India Liquid Fund, Invesco India Gilt Fund and Invesco India Ultra Short Term Fund.

Mr. Vikas Garg

Mr. Garg is the head of Fixed Income at Invesco. He comes with more than 15 years of experience in credit research and portfolio management. He worked with the L&T mutual fund as a portfolio manager. Prior to that, he worked with FIL Fund Management Pvt Ltd and ICRA Ltd in their credit research team.  He holds a B. Tech and M. Tech degree in Chemical Engineering from IIT-Delhi. He also has a PDGM from XLRI-Jamshedpur, a CFA charter USA. He currently manages Invesco India Treasury Advantage Fund, Invesco India Short Term Fund, Invesco India Gilt Fund, Invesco India Corporate Bond Fund, Invesco India Money Market Fund, Invesco India Banking and PSU Debt Fund, and Invesco India Credit Risk Fund.

Mr. Vardhaman Kochar

Mr. Kochar is the VP of performance and risk at Invesco. He has more than 12 of experience in performance and risk management. Prior to joining the AMC he worked with Polaris Financial Technology, Crisil Irevna Ltd, and Genpact. Mr. Kochar holds a B. E. degree in Computer Science from the University of Rajasthan. He also holds an MBA degree from IIT Kanpur.

Mr. Herin Shah

Mr. Shah is the Head of Credit Research at Invesco. He has more than 15 years of experience. Prior to working with Invesco, he worked with Invesco UK Ltd. as Senior Analyst. He was also associated with Goldman Sachs, UK, where he was the executive director of credit risk and advisory. He holds a Commerce degree and also is a CFA and a company secretary. Also, he has done Financial Risk Management from the Global Association of Risk Professionals.

Mr. Prateek Jain

Mr. Jain is a part of the fixed income team as a dealer. He has more than eight years of experience in fixed income markets. He previously worked with Principal Pnb Asset Management Pvt Ltd, and Edelweiss Web Services. Mr. Jain is a CFA holder. He also holds a degree in Bachelor of Management Studies and is a Post Graduate in Commerce.