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The Scheme is having exposure to Stock Futures (Short) against the above Equity Stocks and the Gross Exposure Derivatives is 67.89% of Net Assets.
Annual Scheme Recurring Expenses charged to Direct Plan will be restricted upto 1.80% (Estimated p.a.) of daily net assets. Commission and distribution expenses will not be charged to the Direct Plan. The Total Recurring Expenses charged to Direct Plan under the Scheme will be lower by at least 28.00% vis-à-vis Existing Plan. Goods & Services Tax on investment and advisory fees will be in addition to maximum limit as mentioned above.
Hiten has more than 17 years’ of experience, which includes more than 14 years in equity research & fund management. Currently, he is working as an Equity Fund Manager at Invesco. In his last assignment, Hiten was working as a senior research analyst with CRISIL Limited, where he was tracking technology and banking sectors. His other assignments include Dunia Finance LLC Dubai, where he was responsible for writing credit policy and doing loan appraisal. Hiten is a BE from Mumbai University, and is a Chartered Financial Analyst from CFA Institute, USA. He has also completed his Global MBA in Finance from S.P. Jain Centre of Management.
Amit has over 24 years’ of experience in the Indian equity markets and is serving as a Fund Manager - Equity with effect from 3rd September, 2020. He was earlier responsible for the PMS equity management function at Invesco Asset Management (India) Pvt. Limited. In his last assignment before joining Invesco, Amit was working with Essel Mutual Fund as Head of Equities where he was responsible for the Equity Funds management function at the firm. In the past, he has also worked with companies like BNP Paribas Investment Partners, BNP Paribas Mutual Fund, SBI Funds Management & Reliance Industries Ltd. Amit holds a Mechanical Engineering Degree from Indian Institute of Technology Roorkee and a PGDBM from Indian Institute of Management, Indore.
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