Invesco Mutual Fund has purchased new stakes in two state-owned banks: Bank of India and Union Bank of India in December 2022. According to asset management company (AMC) shareholding data as of December 31, 2022, Invesco Mutual Fund bought 50,56,061 shares of Bank of India, which is 0.12 per cent of the total paid-up capital of PSU bank. Similarly, AMC bought 3,21,764 shares of Union Bank of India in December 2022. In addition to these two shares, Invesco Mutual Fund added six more shares to its portfolio in December 2022. Those six new AMC portfolio shares include GAIL (India), Berger Paints and LIC Housing Finance.
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