Invesco Mutual Fund Launches Sensex And Nifty Bank ETFs; NFO Opens On July 28

Invesco Mutual Fund has expanded its passive investment portfolio with the launch of two exchange-traded funds (ETFs) benchmarked to the BSE Sensex and the Nifty Bank Index. The new fund offers (NFOs) for the Invesco India BSE Sensex ETF and the Invesco India Nifty Bank ETF opened on July 28 and will close on August 11, according to the asset management company.

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Both schemes will be managed by Abhisek Bahinipati and are designed to offer investors exposure to benchmark indices through a passive investment approach that seeks to closely mirror index performance while maintaining a low tracking error.

Two Passive Funds Track Benchmark Indices

The Invesco India BSE Sensex ETF is an open-ended exchange-traded fund which will seek to invest in the constituent stocks of the BSE Sensex index in identical proportions as that of the index itself.

The Sensex index comprises of 30 stocks of large corporations in the various segments of the Indian economy. By mirroring the benchmark structure, the fund hopes to offer diversification through one investment into established corporations listed on the stock market.

Nifty Bank ETF To Mirror Banking Index

The second offering, Invesco India Nifty Bank ETF, will track the Nifty Bank Index through investment in the index’s underlying stocks in equal proportion to the benchmark index.

The fund is structured to provide exposure to leading public and private sector banks through a passive strategy. Like the Sensex ETF, its investment objective is to closely replicate the underlying index while keeping tracking error at a minimum.

Investment Details

According to Invesco Mutual Fund, the minimum investment during the NFO period has been fixed at ₹5,000 for both schemes. Additional investments can be made in multiples of ₹1 thereafter.

Exchange-traded funds are listed investment products that generally seek to replicate the performance of an underlying index rather than actively selecting securities. Their returns are therefore linked to the movement of the benchmark they track.

Focus On Passive Investing

The asset management company said the two launches are intended to provide investors with transparent and cost-efficient access to India’s equity markets through passive investment products. It added that India’s long-term macroeconomic fundamentals, supported by domestic consumption, demographic trends, policy reforms and expanding financial markets, continue to support the case for index-based investing.

For the quarter ended June 2026, Invesco Asset Management (India) reported average assets under management of ₹1.58 lakh crore across its mutual fund business, portfolio management services and offshore advisory mandates.

The addition of the Sensex and Nifty Bank ETFs further expands the fund house’s passive investment offerings. With subscriptions remaining open until August 11, investors seeking benchmark-linked exposure will have the option to participate in either of the newly launched schemes during the NFO period.