{"id":29331,"date":"2024-04-01T14:32:15","date_gmt":"2024-04-01T09:02:15","guid":{"rendered":"https:\/\/fundsindia.com\/blog\/?p=29331"},"modified":"2024-04-12T10:51:36","modified_gmt":"2024-04-12T05:21:36","slug":"introduction-of-weekly-idcw-option-in-invesco-india-money-market-fund","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/introduction-of-weekly-idcw-option-in-invesco-india-money-market-fund\/29331","title":{"rendered":"Introduction of Weekly IDCW Option in Invesco India Money Market Fund"},"content":{"rendered":"\n<p>Investors are requested to note that, it has been decided to introduce a Weekly Income Distribution cum Capital Withdrawal (\u2018IDCW\u2019) facility under the Existing and Direct Plan of Invesco India Money Market Fund (\u2018the Scheme\u2019), an open-ended debt scheme investing in money market instruments. A relatively low-interest rate risk and relatively low credit risk, of Invesco Mutual Fund (\u2018the Fund\u2019) effective from April 2, 2024 (\u2018Effective date\u2019). The details are as under:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Option<\/strong><\/td><td><strong>Sub-Options<\/strong><\/td><td><strong>Frequency<\/strong><\/td><td><strong>Record Date<\/strong><\/td><\/tr><tr><td>Income Distribution cum Capital Withdrawal Plan<\/td><td>Reinvestment of Income Distribution cum Capital Withdrawal option <strong>(\u2018IDCW Reinvestment\u2019)<\/strong><\/td><td>Weekly<\/td><td>Every Monday*<\/td><\/tr><tr><td>Payout of Income Distribution cum Capital Withdrawal option <strong>(\u2018IDCW Payout\u2019)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>*Or immediately succeeding Business Day if Monday is a non-business Day.<\/p>\n\n\n\n<p>Please note that the Investors will be able to subscribe to the units under the Weekly IDCW option of the Scheme at <strong>Rs. 1,000\/- <\/strong>per unit on the effective date and thereafter at NAV-based prices on all Business Days.<\/p>\n\n\n\n<p>For more details, read the <a href=\"https:\/\/cdn.fundsindia.com\/mf\/blog\/86+-+Weekly+IDCW+Option+-+Money+Market+-+Mar+22%2C+24.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">addendum<\/a> &amp; Latest Scheme master.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors are requested to note that, it has been decided to introduce a Weekly Income Distribution cum Capital Withdrawal (\u2018IDCW\u2019) facility under the Existing and Direct Plan of Invesco India Money Market Fund (\u2018the Scheme\u2019), an open-ended debt scheme investing in money market instruments. A relatively low-interest rate risk and relatively low credit risk, of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introduction of Weekly IDCW Option in Invesco India Money Market Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/bulletin\/introduction-of-weekly-idcw-option-in-invesco-india-money-market-fund\/29331\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduction of Weekly IDCW Option in Invesco India Money Market Fund\" \/>\n<meta property=\"og:description\" content=\"Investors are requested to note that, it has been decided to introduce a Weekly Income Distribution cum Capital Withdrawal (\u2018IDCW\u2019) facility under the Existing and Direct Plan of Invesco India Money Market Fund (\u2018the Scheme\u2019), an open-ended debt scheme investing in money market instruments. 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