Invesco India ELSS Tax Saver Fund

March 25, 2026

RA Jainee

Invesco India ELSS Tax Saver Fund

Fund at a Glance
NAV Growth (Rs.)	124.83
NAV Bonus (Rs.)
NAV IDCW (Rs.)	27.14
Min. Investment (Rs.)	500
Min. SIP Investment (Rs.)	500
Min. No of Cheques	12
Benchmark	BSE 500 TRI
AUM Rs.	2,602 Cr
	(As on 28-Feb-2026)
Expense	0.84%
1 Year Return (%)	-7.76
3 Year Return (%)	13.68
5 Year Return (%)	10.40
10 Year Return (%)	13.61
Return Since Launch	14.94%

⚖️ Sahifund Review – Invesco India ELSS Tax Saver Fund ✔

PLUS: Stability, track record, cost efficiency
✓ This fund has a long operating history and a reasonably credible tax-saving track record over multiple market cycles.
✓ Its portfolio is well spread across 65 stocks, which gives strong diversification and reduces single-stock dependency.
✓ Unlike many ELSS funds that lean heavily toward large caps, this one has a healthy mid-cap and small-cap mix, which improves long-term growth potential.
✓ The fund is relevant for investors looking to combine Section 80C tax saving with equity wealth creation.
✓ Expense ratio of 0.84% is not the cheapest, but still acceptable for an actively managed ELSS category fund.
✓ Lower concentration in top holdings (Top 10 only 25.86%) reflects a fairly balanced portfolio structure.
✓ Suitable for disciplined investors who prefer SIP-based tax planning over lump-sum chasing.

MINUS: Large AUM, large-cap bias, momentum lag
⚖️ The biggest issue is clear recent underperformance — the fund has delivered -7.76% in 1 year, which is weak even for current market conditions.
⚖️ It has also lagged benchmark and ELSS category averages over 5-year, 7-year and 10-year periods, which hurts confidence.
⚖️ Peer comparison is not flattering either, with funds like SBI ELSS, DSP ELSS and HDFC ELSS delivering materially better outcomes.
⚖️ Turnover at 84% is quite high, suggesting aggressive portfolio churn that may not always translate into superior returns.
⚖️ Portfolio valuation is on the richer side with P/E above 33, which can increase downside volatility in corrections.
⚖️ Since ELSS has a mandatory 3-year lock-in, weak fund selection becomes more painful because exit flexibility is absent.

Sahifund View (Decisive Line):

Tax-saving alone is not enough — this ELSS looks average at best, so investors may want stronger ELSS alternatives before committing fresh money.

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| NFO Guidance |

What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.

Suitable For Which Investors?
ELSS funds are suitable for investors:
1. Seeking tax savings u/s 80C through a diversified equity portfolio
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• The fund has a lock-in-period of 3 years

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:

1) Depesh Kashyap
Education: B.E. (Computer Science), PGDM and CFA
Experience: Prior to joining the Invesco MF, he was associated with Equirus Securities Pvt. Ltd, HSBC Electronic Data Processing India Pvt. Ltd.

Investment Details

Min. Investment (Rs)	500
Min. Addl Investment (Rs)	500
Min. SIP Investment (Rs)	500
Min. Withdrawal (Rs)	500
Min. No of Cheques	12
Min. Balance (Rs)	500
Lock-in Period	3 Years
Exit Load	0

Basic Details of Invesco India ELSS Tax Saver Fund

Fund House	Invesco Mutual Fund
Launch Date	1-Jan-13
Return Since Launch	14.94%
Benchmark	BSE 500 TRI
Riskometer	Very High
Type	Open-ended
Assets	2,602 Cr
	(As on 28-Feb-2026)
Expense	0.84%
	(As on 28-Feb-2026)
Risk Grade	Above Average
Return Grade	Below Average
Turnover	84.00%