July 30, 2022
mayank
Invesco India ELSS Tax Saver Fund
NAV Growth : Rs 86.3400
NAV IDCW : Rs 24.2000
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. It intends to invest across market capitalisation sectors utilizing bottom up approach. It will aim to have concentrated well researched portfolio, which would be around 20 – 50 stocks.
Fund Manager :
— Amit Nigam
Education : Mr. Nigam is BE from IIT, Roorkee and PGDBM from IIM, Indore.
Experience : Prior to joining Invesco Mutual Fund, he has worked with Essel Finance AMC Ltd., BNP Paribas Asset Management India Pvt. Ltd.
— Dhimant Kothari
Education : Mr. Kothari is a Chartered Accountant and holds a Commerce degree.
Experience : In his last assignment, he was working as Senior Manager – Research with Credit Analysis and Research Ltd., His other assignments include Lotus India Asset Management and CRISIL Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Withdrawal (Rs) | 500 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House: | Invesco Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 16.62% |
| Benchmark: | S&P BSE 500 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 1,671 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.85% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Above Average |
| Turnover: | 52.00% |
Invesco India ELSS Tax Saver Fund Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| Invesco India Tax Plan Direct-G | -10.03 | 1.07 | 1.48 | 8.55 | -2.09 | -8.57 | -0.76 | 17.56 | 12.41 | 12.33 | — |
| S&P BSE 500 TRI | -0.97 | 1.35 | 2.37 | 9.76 | -0.15 | -0.59 | 8.82 | 19.22 | 12.34 | 12.43 | — |
| Equity: ELSS | -2.47 | 1.13 | 1.96 | 9.34 | 0.53 | -2.24 | 6.12 | 19.01 | 11.79 | 12 | — |
| Rank within category | 35 | 23 | 27 | 29 | 33 | 36 | 34 | 21 | 12 | 10 | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
Invesco India ELSS Tax Saver Fund Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| Invesco India Tax Plan | 4 star | Jan-13 | -0.76 | 17.56 | 12.41 | 0.85 | 1,671 |
| Mirae Asset Tax Saver Fund | 5 star | Dec-15 | 6.27 | 22.5 | 16.09 | 0.57 | 11,495 |
| DSP Tax Saver Fund | 4 star | Jan-13 | 4.5 | 20.79 | 13.44 | 0.84 | 9,091 |
| Canara Robeco Equity Tax Saver Fund | 5 star | Jan-13 | 7 | 23.31 | 16.21 | 0.66 | 3,518 |
| IDFC Tax Advantage (ELSS) Fund | 4 star | Jan-13 | 8.85 | 23.67 | 14.1 | 0.77 | 3,399 |
Portfolio Analysis
| Number of Stocks | 44 |
| Top 10 Stocks (%) | 48.82 |
| Top 5 Stocks (%) | 33.37 |
| Top 3 Sectors (%) | 51.43 |
| Portfolio P/B Ratio | 3.93 |
| Portfolio P/E Ratio | 28.31 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,11,259 | 1,34,619 |
| Giant (%) | 53.38 | 53.55 |
| Large (%) | 11.4 | 18.01 |
| Mid (%) | 27.29 | 22.43 |
| Small (%) | 7.92 | 6.34 |
| Tiny (%) | — | 0.19 |
Invesco India ELSS Tax Saver Fund Guidance by Chanakya:
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
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