Invesco India Global Equity Income Fund

Transcription

1 Key Information Memorandum Cum Appication Form Invesco India Goba Equity Income Fund (An Open-ended Fund of Funds Scheme) Suitabe for investors who are seeking* capita appreciation and / or income over ong-term investment in units of Invesco Goba Equity Income Fund, an overseas equity fund RISKOMETER *Investors shoud consut their financia advisers if in doubt about whether the product is suitabe for them Investors understand that their principa wi be at high risk Continuous Offer for Units at NAV based prices This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further detais of the Scheme/Mutua Fund, due diigence certificate by the AMC, Key Personne, investors rights & services, risk factors, penaties & pending itigations etc. investors shoud, before investment, refer to the Scheme Information Document and Statement of Additiona Information avaiabe free of cost at any of the Investor Service Centres or distributors or from the website www. invescomutuafund.com. The Scheme particuars have been prepared in accordance with Securities and Exchange Board of India (Mutua Funds) Reguations, 1996, as amended ti date, and fied with Securities and Exchange Board of India (SEBI). The units being offered for pubic subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. This KIM is dated May 24, SPONSOR Invesco Hong Kong Limited, 41/F, Citi Bank Tower, 3 Garden Road, Centra, Hong Kong. INVESTMENT MANAGER Invesco Asset Management (India) Private Limited 3rd Foor, GYS Infinity, Paranjpe B Scheme, Subhash Road, Vie Pare (E), Mumbai TRUSTEE Invesco Trustee Private Limited 3rd Foor, GYS Infinity, Paranjpe B Scheme, Subhash Road, Vie Pare (E), Mumbai MUTUAL FUND Invesco Mutua Fund, 3rd Foor, GYS Infinity, Paranjpe B Scheme, Subhash Road, Vie Pare (E), Mumbai Key Information Memorandum & Appication Form 1

2 Invesco India Goba Equity Income Fund (An Open-Ended Fund of Funds Scheme) Investment Objective Asset Aocation Pattern of the Scheme Investment Strategy of the Scheme Risk Profie of the Scheme To provide capita appreciation and/ or income by investing predominanty in units of Invesco Goba Equity Income Fund, an overseas equity fund which invests primariy in equities of companies wordwide. The Scheme may, at the discretion of Fund Manager, aso invest in units of other simiar Overseas Mutua Funds with simiar objectives, strategy and attributes which may constitute a significant portion of its net assets. However, there is no assurance or guarantee that the investment objective of the Scheme wi be achieved. The Scheme does not assure or guarantee any returns. Type of Instruments Norma Aocation (% of Net Assets) Minimum Maximum Shares of Invesco Goba Equity Income Fund or other simiar Overseas Mutua Funds # ^ Debt and money market securities* (incuding government and corporate debt) / Units of debt and iquid schemes of Invesco Mutua Fund 0 5 # Overseas Mutua Funds having simiar objectives, strategy and attributes. ^ Investors are requested to note that shares of Invesco Goba Equity Income Fund or other simiar Overseas Mutua Funds shoud be considered simiar to units of the Fund. * The Scheme does not intend to invest in Securitized Debt and in unrated debt instruments. The Scheme wi not invest in derivatives. However, the Underying Fund(s) may invest in derivatives for effective portfoio management and hedging purposes. The Scheme wi not engage in securities ending and short seing of securities. The Scheme sha make investments in foreign securities as per cause 2(x) of SEBI Circuar no. SEBI/IMD/CIR No.7/104753/07 dated September 26, Underying Fund wi not invest more than 15% of its net assets in Indian equities. If such imit is breached, then necessary steps sha be taken in terms of provisions stated in the Scheme Information Document of the Scheme. The primary investment objective of the Scheme is to provide capita appreciation by investing predominanty in units of Invesco Goba Equity Income Fund, an overseas equity fund which invests primariy in equities of companies wordwide. The Scheme may invest part of its corpus in debt and money market instruments or units of debt/income schemes or iquid funds of Invesco Mutua Fund. The Scheme does not ensure or guarantee any returns. Mutua Fund Units invove investment risks incuding the possibe oss of principa. Pease read the SID carefuy for detais on risk factors before investment. Scheme specific Risk Factors are summarized beow: Scheme Specific Risk Factor Risk Factors of a Fund of Funds Scheme The Scheme wi invest primariy in Underying Fund and the performance of the Scheme wi predominanty depend upon the performance of Underying Fund. Any change in the investment poicies or fundamenta attributes of Underying Fund may affect the performance of the Scheme. Investments in Underying Fund, which is an equity fund, wi have a the risks associated with investments in equity and offshore markets. Portfoio discosure of the Scheme wi be argey imited to units of Underying Fund and investments by the Scheme in money market instruments. Therefore, Unit hoders may not be abe to obtain specific detais of the Scheme in respect of portfoio of Underying Fund. In addition to recurring expenses of the Scheme, the Unit hoders sha aso bear the appicabe expenses of Underying Fund. Therefore, the returns that the Unit hoder of the Scheme may receive sha be substantiay impacted or may, at times, be ower than the returns that a Unit hoder coud obtain by directy investing in Underying Fund. Risks associated with investing in Overseas Mutua Fund Units Within the investment objective of the Scheme, the Schemes wi be investing in overseas markets (i.e. in units of Underying Fund). As the units of Underying Fund is denominated in foreign currency, the vaue of those investments, distributions, income and net assets when converted to Indian Rupee (INR) may fuctuate due to changes in exchange rate of base currency of Underying Fund vis-à-vis INR. Investments in overseas markets carry risks reated to fuctuations in foreign exchange rates, nature of securities market of the country, restrictions on repatriation of capita due to exchange contros and the poitica environment. Further the repatriation of capita to India may aso be hampered by changes in reguations concerning exchange contros or poitica circumstances. The Scheme s NAV may aso be affected by a fuctuation in the genera and specific eve of interest rates internationay or change in credit profies of the issuer. The iquidity of the Scheme wi be affected if there is a non-business Day of Underying Fund. The Scheme sha have non-business Day on a the days on which Underying Fund has non-business Day. In case of unforeseen events ike system breakdown, natura caamities etc. which coud deay NAV of Underying Fund, NAV of the Scheme may aso be deayed and the AMC sha suitaby intimate AMFI / SEBI in this regard. In addition, country risks woud incude events such as introduction of extraordinary exchange contros, economic deterioration, bi-atera confict eading to immobiisation of overseas financia assets and prevaent tax aws of the respective jurisdictions for the execution of trades or otherwise. Subject to other terms of the SID, a appicants appying for up to 5,000 (Five Thousand) Units sha be aotted Units in fu. However, keeping in mind the investment restrictions in foreign securities currenty appicabe to Mutua Fund under SEBI s Circuars SEBI/IMD/CIR No. 7/104753/07 dated September 26, 2007 and SEBI/IMD/CIR No.2/ /08 dated Apri 8, 2008, if overa imit for the Mutua Fund in overseas securities reaches USD 300 miion, then appicants wi receive a pro-rata aotment as cacuated by the AMC. In such an event, appicant s money reating to unused portion of origina aotment request may be refunded to investors, subject to SEBI Reguations and approvas. The process for monitoring USD 300 miion imit for overseas investments is as foows: The cap of USD 300 miion wi be monitored and enforced at the Mutua Fund eve and not at the individua scheme eve. Once 90% of the imit is reached, investors wi be informed that further saes of Units wi be suspended when the Mutua Fund s combined AUM in scheme investing in overseas securities reaches cap of USD 300 miion. A notice wi be issued to ISC offices and the AMC branches and pubished on the website of the AMC ( Once USD 300 miion cap is reached, any aotment wi be on a pro-rata basis and subject to the combined AUM eve of overseas investments of the Mutua Fund being beow this cap. Exampe: i. Day T (opening AUM) - USD 270 miion is the overseas AUM of Mutua Fund, incoming cash fows on Day T - USD 30 miion Units wi be aotted for the entire appication amount. ii. Day T (opening AUM) - USD 270 miion is the overseas AUM of Mutua Fund, incoming cash fows on Day T - USD 60 miion - Units wi be aotted ony for USD 30 miion on a pro rata basis. Therefore, on Day T, a notice wi be sent to a ISC offices & AMC branches and pubished on the website of the AMC ( com) stating that further saes are suspended with immediate effect, in the event an additiona imits for overseas investments has not been obtained from SEBI. If the cap of USD 300 miion is reached, any fresh appication for fresh aotment wi be rejected and refunds wi be processed within the reguatory timeines. The above process wi not have any impact on redemption process. Further, Invesco India Goba Equity Income Fund wi aso be affected by risks associated with underying fund viz: 2 Key Information Memorandum & Appication Form

3 Currency Risk Underying Fund s assets may be invested in securities denominated in currencies other than the base currency of Underying Fund and any income from these investments wi be received in those currencies. The performance of Underying Fund may therefore be affected by movements in the exchange rate between the currencies the assets are hed and the base currency of Underying Fund and hence there can be the prospect of additiona gain or oss for the Unit hoder than what may be normay derived from the assets in which Underying Fund invests. The performance of Underying Fund may aso be affected by change in exchange contro reguations. Conversion into foreign currency or transfer of proceeds received from the sae of securities cannot be guaranteed. Exchange rate fuctuations may aso occur between the trade date for a transaction and the date on which the currency is acquired to meet settement obigations. Movements in currency can adversey affect the return on your investments. The currency hedging that may be used to minimise the effect of currency movements may not be aways successfu. Poitica and Economic Risks Economic and/or poitica instabiity coud ead to ega, fisca and reguatory changes or the reversa of ega/fisca/reguatory/market reforms. Assets coud be compusoriy re-acquired without adequate compensation. Administrative risks may resut in the imposition of restrictions on free movement of capita. A country s externa debt position coud ead to sudden imposition of taxes or exchange contros. High interest and infation rates can mean that businesses have difficuty in obtaining working capita. Loca management may be inexperienced in operating companies in free market conditions. A country may be heaviy dependent on its commodity and natura resource exports and is therefore vunerabe to weaknesses in word prices for these products. Market and Settement Risks Lack of iquidity may adversey affect the ease of disposa of assets. The absence of reiabe pricing information in a particuar security hed by Underying Fund(s) may make it difficut to assess reiaby the market vaue of assets. The share register of Underying Fund(s) may not be propery maintained and the ownership or interest may not be (or remain) fuy protected. Registration of securities may be subject to deay and during the period of deay it may be difficut to prove beneficia ownership of securities. The provision for custody of assets may be ess deveoped than in other more mature markets and thus poses an additiona eve of risk for Underying Fund(s). Settement procedures may be ess deveoped and sti be in physica as we as in demateriaised form. Additionay, the Scheme wi aso be affected by risks viz: ega, environment, accounting practices, share hoder risk, other risk associated with underying fund, taxation risk, hedging risk and derivative risk. Risk Factors associated with investing in Equity & Equity Reated Instruments: Equity and equity reated instruments by nature are voatie and prone to price fuctuations on a daiy basis due to macro and micro economic factors. The vaue of equity and equity reated Instruments may fuctuate due to factors affecting the securities markets such as voume and voatiity in the capita markets, interest rates, currency exchange rates, changes in aw/poicies of the Government, taxation aws, poitica, economic factors, genera decine in the Indian markets or other deveopments, which may have an adverse impact on individua securities, a specific sector or a sectors. Consequenty, the NAV of the Units issued under the Scheme may be adversey affected. Further, the Equity and Equity Reated Instruments are risk capita and are subordinate in the right of payment to other securities, incuding debt securities. Equity and Equity Reated Instruments isted on the stock exchange carry ower iquidity risk, however the Scheme s abiity to se these investments is imited by the overa trading voume on the stock exchanges. In certain cases, settement periods may be extended significanty by unforeseen circumstances. The inabiity of the Scheme to make intended securities purchases due to settement probems coud cause the Scheme to miss certain investment opportunities. Simiary, the inabiity to se securities hed in the Scheme s portfoio may resut, at times, in potentia osses to the Scheme, shoud there be a subsequent decine in the vaue of securities hed in the Scheme s portfoio. Further, the voatiity of medium/ sma - capitaization stocks may be higher in comparison to iquid arge capitaisation stocks. The securities which are not isted on the stock exchange are inherenty iiquid in nature and carry a higher amount of iquidity risk, in comparison to securities that are isted on the stock exchanges or offer other exit options to the investor, incuding put option. The iquidity and vauation of the Scheme s investments due to its hodings of unisted securities may be affected if they have to be sod prior to the target date of disinvestment. Risk Factors associated with investing in Fixed Income & Money Market Instruments In addition to the factors that affect vaue of securities, the NAV of the Units of the Scheme wi fuctuate with the movement in the broader fixed income, money market and derivatives market and may be infuenced by factors infuencing such markets in genera incuding but not imited to economic conditions, changes in interest rates, price and voume voatiity in fixed income markets, changes in tax aws, currency exchange rates, foreign investments, poitica, economic or other deveopments. Further, the investments made by the Scheme wi aso be affected by interest rate / price risk, credit risk or defaut risk, iquidity risk, reinvestment risk, settement risk, risk associated with investments in derivatives. Risks associated with investing in ADR/GDR and Foreign Securities To the extent the assets of the Scheme are invested in overseas financia asset, there may be risk associated with fuctuation in foreign exchange rates, restriction on repatriation of capita and earnings under the exchange contro reguations and transaction procedure in overseas market. Investment in foreign securities carries currency risk. The exchange risk associated with a foreign denominated instrument is a key eement in foreign investment. Requirement of minimum investors in the Scheme The Scheme sha have a minimum of 20 investors and no singe investor sha account for more than 25% of the corpus of the Scheme. In case the Scheme does not have a minimum of 20 investors in the stipuated period, the provisions of Reguation 39(2)(c) of the SEBI (MF) Reguations woud become appicabe automaticay without any reference from SEBI and accordingy the Scheme sha be wound up and the units woud be redeemed at appicabe NAV. The two conditions mentioned above sha aso be compied within each subsequent caendar quarter thereafter, on an average basis, as specified by SEBI. If there is a breach of the 25% imit by any investor over the quarter, a rebaancing period of one month woud be aowed and thereafter the investor who is in breach of the rue sha be given 15 days notice to redeem his exposure over the 25% imit. Faiure on the part of the said investor to redeem his exposure over the 25% imit within the aforesaid 15 days woud ead to automatic redemption by the Mutua Fund on the appicabe Net Asset Vaue on the 15th day of the notice period. The Fund sha adhere to the requirements prescribed by SEBI from time to time in this regard. Risk Mitigation Measures Type of Risk Risk Mitigation Measures Concentration Risk As the Scheme wi predominanty invest in units of Underying Fund, the Scheme carries concentration risk. However, Underying Fund wi have diversified portfoio comprising equities of companies wordwide and concentration risk to that extent is minimized. Currency Risk As the Scheme wi be predominanty investing in overseas mutua fund, the Scheme wi be exposed to fuctuations in currency of Underying Fund vis-à-vis INR. As per the current reguations, the Scheme is not aowed to use currency derivatives to hedge against currency risk and hence currency risk woud be inherent risk of the Scheme. Liquidity Risk Underying Fund in which the Scheme wi invest is an open ended scheme which provides for subscription and redemption on a Business Days. Further the Scheme wi maintain some % of its net assets to meet iquidity requirements for the purpose of repurchase or redemptions. Key Information Memorandum & Appication Form 3

4 Pans / Options Appicabe NAV The Scheme offers a separate Pan for investments directy with the Fund (i.e. appication not routed through Distributor). Thus, the Scheme offers two Pans as foows: Invesco India Goba Equity Income Fund - Reguar Pan Invesco India Goba Equity Income Fund - Direct Pan Options Faciity Growth* Ni Dividend Reinvestment # / Payout *Defaut option is Growth. # Defaut Faciity is Dividend Reinvestment. Direct Pan wi have a ower expense ratio excuding distribution expenses, commission for distribution of Units etc. Direct Pan is ony for investors who purchase /subscribe Units directy with the Fund (i.e. appication not routed through Distributor). Investments under Direct Pan can be made through various modes offered by the Fund for investing directy with the Fund (except Stock Exchange Patform(s) and a other Patform(s) where investors appications for subscription of units are routed through Distributors.) The portfoio of Direct Pan wi form part of portfoio of the Scheme and there wi be no separate portfoio for Direct Pan. Further, both the options i.e. Growth and Dividend wi have common portfoio under the Scheme. If dividend payabe under Dividend Payout option is equa to or ess than Rs. 500/- then the dividend woud be compusoriy reinvested. Defaut Pan Investors subscribing Units under Direct Pan of a Scheme shoud indicate Direct Pan against the Scheme name in the appication form. Investors shoud aso mention Direct in the ARN coumn of the appication form. The tabe showing various scenarios for treatment of appication under Direct / Reguar Pan is as foows: Scenario Broker Code mentioned by the investor Pan mentioned by the investor Defaut Pan to be captured i Not mentioned Not mentioned Direct ii Not mentioned Direct Direct iii Not mentioned Reguar Direct iv Mentioned Direct Direct v Direct Not Mentioned Direct vi Direct Reguar Direct vii Mentioned Reguar Reguar viii Mentioned Not Mentioned Reguar In cases of wrong/ invaid/ incompete ARN code mentioned on the appication form, the appication wi be processed under Reguar Pan. The AMC sha contact and obtain the correct ARN code within 30 caendar days of the receipt of appication form from the investor/ distributor. In case, the correct code is not received within 30 caendar days, the AMC sha reprocess the transaction under Direct Pan from the date of appication without any exit oad. For subscriptions / purchases / switch- ins for amount ess than Rs. 2 Lakh: In respect of vaid appications received upto 3.00 p.m. on a Business Day by the Fund aong with a oca cheque or a demand draft payabe at par at the Officia Points of Acceptance where the appication is received, the cosing NAV of the day on which appication is received sha be appicabe. In respect of vaid appications received after 3.00 p.m. on a Business Day by the Fund aong with a oca cheque or a demand draft payabe at par at the Officia Points of Acceptance where the appication is received, the cosing NAV of the next Business day sha be appicabe. In respect of vaid appications with an outstation cheques or demand drafts not payabe at par at the Officia Points of Acceptance where the appication is received, the cosing NAV of day on which the cheque or demand draft is credited sha be appicabe. For Subscriptions / purchases / switch- ins for amount equa to or more than Rs. 2 Lakh: In respect of vaid appication received upto 3.00 p.m. on a Business Day at the Officia Points of Acceptance and funds for the entire amount of subscription/purchase as per the appication/switch-in request are avaiabe for utiization by the Scheme before the cut off time i.e. funds are credited to the bank account of the Scheme before the cut off time, the cosing NAV of day on which appication is received sha be appicabe. In respect of vaid appication received after 3.00 p.m. on a Business Day at the Officia Points of Acceptance and funds for the entire amount of subscription/purchase as per the appication/switch-in request are avaiabe for utiization by the Scheme after the cut off time on the same day i.e. the funds are credited to the bank account of the Scheme after cut off time on the same day, the cosing NAV of next Business Day sha be appicabe. Irrespective of the time of receipt of appication at the Officia Point of Acceptance, where funds for the entire amount of subscription/purchase as per the appication/switch-in request are avaiabe for utiization before the cut off time of any subsequent Business Day i.e. funds are credited to the bank account of the Scheme before the cut off time of any subsequent Business Day, the cosing NAV of such Business Day on which the funds are avaiabe for utiization by the Scheme sha be appicabe. i. It is carified that in case where more than one appication is received for purchase / subscription in the Scheme (irrespective of the pan/option/ sub-option) of the Fund for an aggregate investment amount equa to or more than Rs. 2 Lakh on any business day (as per time stamping rue), then such appications sha be aggregated at Permanent Account Number (PAN) eve of the investor / unit hoder. In case of joint hoding, transactions with simiar hoding structures wi be aggregated simiar to the principe appied for compiation of Consoidated Account Statements (CAS). Further the transactions wi be aggregated where investor hoding pattern is same irrespective of whether the amount of the individua transaction is above or beow Rs. 2 Lakh. ii. For the purpose of aggregation of transactions Switches, Systematic Investment Pan, Systematic Transfer Pan, other triggered transactions wi be excuded. Further, transactions in the name of minor received through guardian wi not be aggregated with the transaction in the name of same guardian. iii. Such aggregation sha be done irrespective of the number of foios under which the investor is investing and irrespective of source of funds, mode of payment, ocation and time of appication. iv. Accordingy, the appicabe NAV for such transaction wi be of the day on which funds are avaiabe for utiization before the cut off time in case of each appication. v. In case funds are received on separate days and are avaiabe for utiization on different Business Days before the cut off time, the appicabe NAV sha be of the Business Days on which the ceared funds are avaiabe for utiization for the respective appication amount. For Redemption / Switches: Vaid redemption appication received upto 3.00 p.m. on a Business Day, the same day s cosing NAV wi be appicabe. Vaid redemption appication received after 3.00 p.m. on a Business Day, the cosing NAV of the next Business Day wi be appicabe. Vaid appication for switch out sha be treated as appication for redemption and the provisions of cut off time and appicabe NAV sha be appied accordingy. 4 Key Information Memorandum & Appication Form

5 Minimum Appication and Redemption Amount / Number of Units Despatch of Repurchase (Redemption) Request Benchmark Index Dividend Poicy For Lumpsum Purchase Purchase Switch-in Additiona Purchase Redemption* Rs. 5,000/- per appication and in mutipes of Re.1/- thereafter. Rs. 5,000/- per appication and in mutipes of Re. 0.01/- thereafter. Rs. 1,000/- per appication and in mutipes of Re.1/- thereafter. Amount for switch-in: Rs. 1,000/- per appication and in mutipes of Re. 0.01/- thereafter. Rs. 1,000/- or 100 units or account baance, whichever is ower. *Where Units under a Scheme are hed under both Existing and Direct Pans and the redemption /switch request pertains to the Direct Pan, the same must ceary be mentioned on the request (aong with the foio number) faiing which the request woud be processed from the Existing Pan. However, where Units under the requested Option are hed ony under one Pan, the request woud be processed under such Pan. For Systematic Investment Pan Monthy frequency Rs. 500/- per month and in mutipes of Re. 1 thereafter Quartery frequency Rs. 1,500/- per quarter and in mutipes of Re. 1 thereafter Within 10 working days of the receipt of the redemption request at the officia points of acceptance of Invesco Mutua Fund. MSCI Word Index - Net Dividend Under the Dividend Option, the Trustees may decare the dividend subject to avaiabiity of distributabe surpus cacuated in accordance with SEBI (Mutua Funds) Reguations, The actua decaration of dividend and frequency wi, inter-aia, depend on avaiabiity of distributabe surpus cacuated in accordance with SEBI (Mutua Funds) Reguations, 1996 and the decision of the Trustees sha be fina in this regard. Dividends, if decared, wi be paid (subject to deduction of tax at source, if any) to those Unithoders whose names appear in the register of Unithoders on the notified record date. There is no assurance or guarantee to the Unithoders as to the rate of dividend nor that the dividend wi be paid reguary. If dividend payabe under Dividend Payout option of the Scheme is equa to or ess than Rs. 500/- then the dividend woud be compusoriy reinvested in the option of the Scheme. With regard to Unithoders who have opted for Dividend Reinvestment faciity, the dividend due wi be reinvested by aotting units for the dividend amount at a price based on the prevaiing ex-dividend NAV per unit on the record date. The AMC sha dispatch to the Unithoders, the dividend warrants within 30 days of the date of decaration of dividend. Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as on Apri 29, 2016) Mr. Neeesh Dhamnaskar Tenure for which Fund Manager has been managing the Scheme: 2.2 years Invesco Trustee Private Limited Invesco India Goba Equity Income Fund - Reguar Pan (IIGEIF-RP) Particuars 1 Year Since Inception Invesco India Goba Equity Income Fund % 2.49% Reguar Pan - Growth MSCI Word Index - Net Dividend 0.19% 6.44% Invesco India Goba Equity Income Fund - Direct Pan (IIGEIF - DP) Particuars 1 Year Since Inception Invesco India Goba Equity Income Fund % 3.80% Direct Pan - Growth MSCI Word Index - Net Dividend 0.19% 6.44% 10.00% 5.00% 0.00% -5.00% Absoute Returns for 2 financia years 8.73% 3.24% Goba Equity Income Fund MSCI Word Index- Net Dividend % -0.47% 10.00% 5.00% 0.00% -5.00% Absoute Returns for 2 financia years 8.73% 4.53% Goba Equity Income Fund - Direct Pan MSCI Word Index- Net Dividend % 2.35% Expenses of the Scheme i) Load Structure Past performance may or may not be sustained in future. Returns for 1 year are absoute. Returns > 1 year are compounded annuaized returns (CAGR) & inception date is deemed to be date of aotment. Date of aotment : IIGEIF-RP, IIGEIF-DP: : May 05, to Entry Load: Ni In terms of SEBI Circuar No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, no entry oad wi be charged on purchase / additiona purchase / switch-in. The upfront commission, if any, on investment made by the investor sha be paid by the investor directy to the Distributor, based on his assessment of various factors incuding the service rendered by the Distributor. Exit Load: In respect of each purchase / switch-in of units, an Exit Load of 1% is payabe if units are redeemed / switched-out on or before 1 year from the date of aotment. In respect of each purchase / switch-in of units, no Exit Load is payabe if units are redeemed / switched-out after 1 year from the date of aotment. No Entry/Exit Load wi be evied on Units issued on dividend reinvested. Switch between the Pans under the Scheme: For Switch from Reguar Pan to Direct Pan: Transaction not routed through Distributor: Ni Transaction routed through Distributor: Appicabe exit oad. For Switch from Direct Pan to Reguar Pan: Ni However, if the Unit hoder redeems /switches-out such switched units from existing pan before competing specified exit oad period from the date of origina purchase, appicabe exit oad wi be charged. Exit oad charged, if any, wi be credited back to the Scheme, net of service tax. The AMC reserves the right to change/modify the oad structure from a prospective date. Key Information Memorandum & Appication Form 5

6 ii) Recurring Expenses Maximum as a % of daiy net assets: 2.50% The investor wi bear the recurring expenses of the Scheme, in addition to the expenses of underying scheme. The recurring expenses of the Scheme incuding weighted average of charges evied by Underying Fund sha not exceed 2.50% p.a. of daiy net assets of the Scheme. (excuding additiona expenses under reguation 52(6A)(c) and additiona distribution expenses for gross infows from specified cities) Annua Scheme Recurring Expenses charged to Direct Pan wi be restricted upto 2.00% of daiy net assets (incuding expenses not exceeding 0.20% of daiy net assets of the Scheme under Reguation 52(6A)(c) of the Reguations). Commission and distribution expenses wi not be charged to the Direct Pan under the Scheme. The Tota Recurring Expenses charged to Direct Pan wi be ower by at east 25.93% vis-à-vis Reguar Pan under the Scheme at a points of time. Actua expenses for the previous financia year ended March 31, 2016 (Unaudited): 1.83% (excuding expenses charged by underying fund, currenty 0.98%.) (Incudes Tota Expense Ratio permissibe under reguation 52 (6) (a), Additiona expenses under Reguations 52 (6A) (c) and Additiona expenses for gross new infows from specified cities under reguation 52 (6A) (b)). Fungibiity of expenses: The expenses towards Investment Management and Advisory Fees under Reguation 52 (2) and the various sub-heads of recurring expenses mentioned under Reguation 52 (4) of SEBI (MF) Reguations are fungibe in nature. Thus, there sha be no interna subimits within the expense ratio for expense heads mentioned under Reguation 52 (2) and (4) respectivey. Further, the additiona expenses under Reguation 52(6A)(c) may be incurred either towards investment & advisory fees and/or towards other expense heads as stated in SID of the Scheme. In addition to Tota Expense Ratio (TER) within the imits specified under reguation 52 (6) of the Reguations, the AMC may charge expenses not exceeding 0.20% of daiy net assets of the Scheme, towards investment & advisory fees as specified under reguation 52(2) of the Reguations and/ or towards recurring expenses as specified under 52(4) of the Reguations. Note: Of the above expense 0.02% on daiy net assets wi be set aside for investor education and awareness initiatives. Service tax on other expenses (incuding on brokerage & transaction cost, if any) wi be borne by the Scheme within above imit. However, service tax on investment and advisory fees wi be in addition to maximum imit as mentioned above. Additiona Distribution Expenses in case of new infows from specified cities: Expenses not exceeding 0.30% of daiy net assets of the Scheme wi be charged towards additiona distribution expenses if new infows from beyond top 15 cities, as specified by SEBI from time to time, are at east: (a) 30% of gross new infows in the Scheme or (b) 15% of the average assets under management (year to date) of the Scheme, whichever is higher. In case, infows from beyond top 15 cities is ess than the higher of (a) or (b) above, additiona expenses sha be charged to Scheme on proportionate basis in accordance with SEBI Circuar vide reference no. CIR/IMD/DF/21/2012 dated September 13, The additiona expenses on account of infows from such cities charged wi be credited back to the Scheme in case the said infows are redeemed within a period of one year from the date of investment. Brokerage and Transaction Cost: In addition to imits specified in reguation 52 (6) of the Reguations, brokerage and transaction costs incurred for the purpose of execution of trade wi be capitaized to the extent of 0.12% of vaue of trade in case of cash market transaction and 0.05% of vaue of trade in case of derivative transactions (incusive of service tax). Any payment towards brokerage and transaction cost for execution of trade over and above the said imit of 0.12% for cash market transactions and 0.05% for derivatives transactions may be charged to the Scheme within the maximum imit of Tota Expense Ratio ( TER ) as prescribed under reguation 52 of the Reguations. The tota expenses of the Scheme incuding the Investment Management and Advisory Fee sha not exceed the imits stated in Reguation 52 of the SEBI (MF) Reguations. Any expenditure in excess of the prescribed imit (incuding brokerage and transaction cost, if any) wi be borne by the AMC/the Trustee/Sponsor. The Fund wi update the current expense ratios on its website ( ) within two working days mentioning the effective date of change. Transaction Charges In terms of SEBI circuar no. IMD/ DF/ 13/ 2011 dated August 22, 2011, a transaction charge, as foows, is payabe to distributors who have opted to receive transaction charge*: For existing investor in a Mutua Fund: Rs.100/- per subscription of Rs.10,000/- and above. For first time investor in Mutua Funds: Rs.150/- per subscription of Rs.10,000/- and above *Distributors sha aso have the option to either opt in or opt out of evying transaction charge based on type of the product. In case of investment through Systematic Investment Pan (SIPs), the transaction charge sha be appicabe ony if the tota commitment through SIP (i.e. amount of each SIP instament X tota number of SIP instaments) amounts to Rs. 10,000/- and above. In such cases, the transaction charge sha be recovered in 3-4 instaments, as may be decided by the AMC. However, there wi be no transaction charge on: Subscription of ess than Rs. 10,000/-; or Transactions other than purchases / subscriptions reating to new infows; or Direct subscription (subscription not routed through distributor); or Subscription routed through distributor who has chosen to Opt-out of charging of transaction charge; or Transaction routed through Stock Exchange(s). The transaction charge, if any, wi be deducted by the AMC from subscription amount and sha be paid to distributor. The baance subscription amount, after deducting appicabe transaction charges, wi be invested. It is carified that upfront commission to distributor wi continue to be paid by the investor directy to distributor by a separate cheque. Waiver of Load for Direct Appications Tax Treatment for the Investors (Unithoders) Daiy Net Asset Vaue (NAV) Pubication For Investor Grievances pease contact Unithoder s Information Not Appicabe 6 Key Information Memorandum & Appication Form Investors are advised to refer to the detais in the Statement of Additiona Information and aso independenty refer to their tax advisor. The Direct Pan under the Scheme wi have a separate NAV. The NAV wi be decared on a the Business Days and wi be pubished at east in two daiy newspapers having circuation a over India. NAV can aso be viewed on and Investors can aso ca at Registrar & Transfer Agents Karvy Computershare Pvt. Ltd. Unit: Invesco Mutua Fund, Karvy Seenium Tower B, Pot No. 31 & 32 Gachibowi, Financia District, Nanakramguda, Seriingampay Hyderabad Te No.: /23 Emai: mfservices@invesco.com Account Statement For Unithoders not having a demat account Mr. Surinder Singh Negi Invesco Asset Management (India) Pvt. Ltd. 3rd Foor, GYS Infinity, Paranjpe B Scheme, Subhash Road, Vie Pare (East), Mumbai Te. No.: Fax No.: E-mai : mfservices@invesco.com On acceptance of appication for subscription, an aotment confirmation specifying the number of Units aotted wi be sent by way of e-mai and/ or SMS to the appicant s registered e-mai address and/or mobie number within five Business Days from the date of receipt of transaction request from the unit hoder(s). Thereafter, unit hoder in whose foio(s) transaction(s) has taken pace, Consoidated Account Statement (CAS)^ for the caendar month, wi be sent on or before 10 th day of the succeeding month. ^ A Consoidated Account Statement (CAS) sha contain detais of a the transactions 1 during the month and hoding at the end of the month across a schemes of a mutua funds incuding transaction charges paid to the distributor. 1 the word transaction sha incude purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment pan, systematic withdrawa pan and systematic transfer pan. For the purpose of sending CAS, common investor across mutua funds sha be identified by their Permanent Account Number (PAN).

7 In case the foio has more than one registered hoder, the first named Unit hoder wi receive CAS/account statements. Further, the CAS detaiing hoding across a schemes of a mutua funds at the end of every six months (i.e. September/ March), sha be sent by mai/e-mai on or before 10 th day of succeeding month, to a such Unit hoders in whose foios no transaction has taken pace during that period. The haf yeary consoidated account statement wi be sent by e-mai to the Unit hoders whose e-mai address is avaiabe, uness a specific request is made to receive in physica. In case of specific request received from investors, Mutua Funds sha provide the account statement to the investors within 5 business days from the receipt of such request without any charges. The AMC sha send first account statement for a new foio separatey with a detais registered in the foio by way of a physica account statement and/or an e-mai to the investor s registered address / e-mai address not ater than five business days from the date of receipt of subscription request from the unit hoder. For foios not incuded in the Consoidated Account Statement ( CAS ), the AMC sha send account statement by mai/e-mai to the investors on a monthy basis, pursuant to any financia transaction in such foios on or before tenth day of succeeding month. Further, the Account Statements detaiing hoding across a schemes of Invesco Mutua Fund at the end of every six months (i.e. September/ March), sha be sent by mai/e-mai on or before 10 th day of succeeding month to a such Unit hoders in whose foios no transaction has taken pace during that period. For Unithoder(s) hoding units in Account Statement mode (Physica) but having a Demat account a) Who have opted to receive CAS through Depositories On acceptance of appication for subscription, an aotment confirmation specifying the number of Units aotted wi be sent by way of e-mai and/ or SMS to the appicant s registered e-mai address and/or mobie number within five Business Days from the date of receipt of transaction request from the unit hoder(s). Thereafter a CAS wi be dispatched by Depositories within 10 Days from the end of the month for Permanent Account Numbers (PANs) which are common between Depositories & the AMC and in which transaction 1 has taken pace during the month. In case of mutipe hoding, PAN of the first hoder and pattern of hoding wi be considered for dispatching CAS. If the statements are presenty being dispatched by e-mai either by the Fund or the Depositories then CAS wi be sent through emai. However the Unit hoder wi have an option to receive CAS in physica form at the address registered in the Depository system. In case there is no transaction in any of the mutua fund foios and demat accounts then CAS with hoding detais wi be sent to the Unit hoders on haf yeary basis. The dispatch of CAS by Depositories to Beneficia Owners woud constitute compiance by the AMC / the Fund with the requirements under Reguation 36(4) of SEBI (Mutua Funds) Reguations The AMC sha send first account statement for a new foio separatey with a detais registered in the foio by way of a physica account statement and/or an e-mai to the investor s registered address / e-mai address not ater than five business days from the date of receipt of subscription request from the unit hoder. In case of demat accounts with ni baance and no transactions in securities and in mutua fund foios, the Depositories sha send account statement in terms of reguations appicabe to the Depositories. 1 the word transaction sha incude transaction in demat accounts of the investor or in any of his mutua fund foios. b) Who have opted not to receive CAS through Depositories Unithoder(s) wi have an option not to receive CAS through Depositories. Such Unithoder(s) wi be required to provide negative consent to the Depositories. Unithoder(s) who have opted not to receive CAS through Depositories wi continue to receive CAS from the AMC/ the Fund as per existing practice. For Demat Account Hoders Unit hoder who has opted to hod units in eectronic (demat) mode wi receive a confirmation specifying the number of units aotted by way of e-mai and/ or SMS to the appicant s registered e-mai address and/or mobie number within five business days from the date of receipt of transaction request from the unit hoders. Further, such Unit hoder wi receive hoding/transaction statements directy from his depository participant at such a frequency as may be defined in the Depositories Act, 1996 or reguations made there under or on specific request. Investors whose foio(s)/demat account(s) are not updated with PAN sha not receive CAS. Investors are therefore requested to ensure that their foio(s)/demat account(s) are updated with PAN. Discosures: The Mutua Fund sha pubish a compete statement of the Scheme portfoio, within one month from the cose of each haf year (i.e. 31 st March and 30 th September), by way of an advertisement at east, in one nationa Engish daiy and one regiona newspaper in the anguage of the region where the head office of the mutua fund is ocated. The Mutua Fund may opt to send the portfoio to a Unit hoders in ieu of the advertisement (if appicabe). The haf yeary portfoio statement wi aso be dispayed on the website of the Mutua Fund and AMFI. The Mutua fund/the AMC sha discose portfoio (aong with ISIN) as on the ast day of the month for a its schemes on website of Mutua Fund ( on or before the tenth day of the succeeding month in a user-friendy and downoadabe format (preferaby in a spreadsheet). Further, the Mutua Fund and Asset Management Company sha within one month from the cose of each haf year (i.e. on 31st March and on 30th September) host a soft copy of the unaudited financia resuts of the Scheme on the website of the Mutua Fund. Aso an advertisement discosing the hosting of the unaudited financia resuts of the Scheme on the website wi be pubished in ateast one Engish daiy newspaper having nationwide circuation and in a newspaper having wide circuation pubished in anguage of the region where the Head Office of the Mutua Fund is situated. Annua Financia Resuts: The scheme wise annua report or an abridged summary thereof sha be maied/e-maied to a Unit hoders not ater than four months (or such other period as may be specified by SEBI from time to time) from the date of cosure of the reevant accounting year (i.e. 31 st March each year). In case of Unit hoders who have provided their e-mai address, annua report or an abridged summary thereof wi be sent in eectronic form ony to their registered e-mai address and not as physica copies. The investors, whose e-mai address are not avaiabe with the Fund, the AMC wi continue to send physica copies of scheme annua report or abridged summary. Fu annua report / abridged summary thereof sha aso be avaiabe for inspection at the Head Office of the Mutua Fund. The Unit hoder may request for a physica copy of annua report or abridged summary thereof by writing to the Asset Management Company/Registrar &Transfer Agents. Scheme wise annua report and abridged summary thereof sha aso be paced on the website of the Mutua Fund ( and Association of Mutua Funds in India ( and ink for the same wi be dispayed prominenty on the website of the Mutua Fund ( Discosures as per SEBI circuar dated March 18, 2016 are as foows: Scheme s Portfoio Hoding (As on Apri 30, 2016) Top 10 hodings by issuer Fund aocation towards various sectors Name of issuer % of Net Assets Sector % of Net Assets Invesco Goba Equity Income Fund Accumuated C [Domicied in Luxembourg] 99.22% Units of Overseas Mutua Fund 99.22% CBLO 1.19% Cash & Cash Equivaent -0.41% Grand Tota % Website ink to obtain scheme s atest monthy portfoio hoding: Expense Ratio of Underying Scheme, Invesco Goba Equity Income Fund : 0.98% The investor wi bear the recurring expenses of the Scheme, in addition to the expenses of underying scheme. Key Information Memorandum & Appication Form 7

8 Schemes at a gance Scheme Name Invesco India Pan European Equity Fund Invesco India Goba Equity Income Fund Invesco India God Fund An Open Ended Fund of Funds Scheme Type Investment Objective Asset Aocation Pattern AUM Indicative Aocations Risk Profie An open ended fund of funds scheme An open ended fund of funds scheme To generate capita appreciation by investing predominanty in units of Invesco Pan European Equity Fund, an overseas equity fund which invests primariy in equity sceurities of European companies with an emphasis on arger companies. To provide capita appreciation and/or income by investing predominanty in units of Invesco Goba Equity Income Fund, an overseas equity fund which invests primariy in equities of companies wordwide. The Scheme may, at the discretion of fund Manager, aso invest in units of other simiar Overseas Mutua Funds with simiar objectives, strategy and attributes which may constitute a significant portion of its net assets. To provide returns that cosey corresponds to returns provided by Invesco India God Exchange Traded Fund. Instruments Shares of Invesco Pan European Equity Fund or other simiar Overseas Mutua Funds 1,2 Debt and money market securities 3 (incuding government and corporate /Units of debt and iquid schemes of Invesco Mutua Fund Shares of Invesco Goba Equity Income Fund or other simiar Overseas Mutua Funds 1,2 Debt and money market securities 3 (incuding government and corporate debt/units of debt and iquid schemes of Invesco Mutua Fund Units of Invesco India God ETF (% of tota assets) Minimum Maximum High/Medium/ Low Money Market Instruments Low to Medium 1.1 The cumuative gross exposure through equity, debt and derivative positions sha not exceed 100% of the net assets of the scheme. Notes High 1 Overseas Mutua Funds having simiar objectives, strategy and attributes. 2 Investors are requested to 0 5 Low to Medium note that shares of Invesco Pan European Equity Fund or other simiar Overseas Mutua Funds shoud be considered simiar to units of the Fund. 3 The scheme does not intend to invest in Securitized Debt and in unrated debt instruments. The Scheme wi not invest in derivatives. However, the Underying Fund may invest in derivatives for effective portfoio management and hedging purposes. The Scheme wi not engage in securities ending and short seing of securities. The Scheme sha make investments in foreign securities as per cause 2(x) of SEBI Circuar no. SEBI/IMD/ CIR No.7/104753/07 dated September 26, High 1 Overseas Mutua Funds having simiar objectives, strategy and attributes. 2 Investors are requested to note that shares of Invesco 0 5 Low to Medium Goba Equity Income Fund or other simiar Overseas Mutua Funds shoud be considered simiar to units of the Fund. 3 The scheme does not intend to invest in Securitized Debt and in unrated debt instruments. The Scheme wi not invest in derivatives. However, the Underying Fund may invest in derivatives for effective portfoio management and hedging purposes. The Scheme wi not engage in securities ending and short seing of securities. The Scheme sha make investments in foreign securities as per cause 2(x) of SEBI Circuar no. SEBI/IMD/ CIR No. 7/104753/07 dated dated September 26, Medium 1 For the purpose of managing iquidity (in Crs.) as on 30/04/16 Live Foios as on 30/04/ , ,858 Scheme Ready Reckoner Scheme Name Investment Options Minimum Appication Amount (In Rs.) Additiona Purchase / Redemption Amount (In Rs.) Defaut Options / Faciity Invesco India Pan European Equity Fund Gr, DP, DR Rs. 5,000/- Rs. 1,000/- Gr / DR Invesco India Goba Equity Income Fund Gr, DP, DR Rs. 5,000/- Rs. 1,000/- Gr / DR Invesco India God Fund Gr, DP, DR Rs. 5,000/- Rs. 1,000/- Gr / DR Each scheme mentioned above aso offers Direct Pan. Direct Pan is ony for investors who purchase /subscribe Units directy with the Fund (i.e. appication not routed through Distributor). Gr : Growth, DP : Dividend Payout, DR : Dividend Reinvestment 8 Key Information Memorandum & Appication Form