Invesco India - Invesco EQQQ NASDAQ-100 ETF FoF Di...

About Invesco India - Invesco EQQQ NASDAQ-100 ETF FoF Direct - Growth
1. Invesco India - Invesco EQQQ NASDAQ-100 ETF FoF - Direct Plan is Open-ended International Equity scheme which belongs to Invesco Mutual Fund House.
2. The fund was launched on Apr 21, 2022.

Investment objective & Benchmark
1. The investment objective of the fund is that " The schemes seeks to generate returns by investing predominantly in units of Invesco EQQQ NASDAQ-100 UCITS ETF, an overseas exchange traded fund, which seeks to provide investment results which, before expenses, generally correspond to the price and yield performance of the NASDAQ-100 Notional Index (Net Total Return) in USD. "
2. It is benchmarked against NASDAQ-100 Notional Index Net Total Return.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.12% in equities, 0.0% in debts and 0.88% in cash & cash equivalents.
2. The top holding of the fund is Invesco EQQQ NASDAQ-100 UCITS ETF which constitute around 99.43% of the assets.

Tax Implications on Invesco India - Invesco EQQQ NASDAQ-100 ETF FoF Direct - Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.