Invesco India ELSS Tax Saver Fund Direct Growth

Invesco India ELSS Tax Saver Fund Direct Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 125.55 as on 18-04-2024
Fund Performance
zero opening, trading, fund transfer fee
1291 people have invested ₹ 30.2L in Invesco India ELSS Tax Saver Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.91% return, outperforming this fund by 13.89% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 20.7% moving from 0.92 to 0.73.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.86% return, outperforming this fund by 19.07%.
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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.3%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.3% return, outperforming this fund by 15.8% per annum.

INDmoney Rank of Invesco India ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
11
/23
48% Performance
40% Risk Management
67% Cost
11 out of 23 among elss (tax savings)

Pros

Beats FD returns for both 3Y & 5Y

Cons

No bad points found for this fund.

About the Invesco India ELSS Tax Saver Fund Direct Growth

Invesco India ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dhimant Kothari, Amit Nigam. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Invesco India ELSS Tax Saver Fund Direct Growth has ₹2530 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Invesco India ELSS Tax Saver Fund Direct Growth Overview

Expense ratio
Expense ratio
0.73%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹2530 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
68.53%

Invesco India ELSS Tax Saver Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 98.6%

  • Debt & Cash 1.4%

Size breakup

Large cap
61.7%
Small cap
20.1%
Mid cap
16.8%
Sector Allocation

Mar'24

Feb'24

Jan'24

Financial Services
27.8%
Consumer Cyclical
12.9%
Health
11.4%
Tech
10.7%
Industrial
10.4%
Basic Materials
6.9%
Consumer Defensive
6.3%
Energy
5.4%
Utilities
5.3%
Communication
1.6%
Real Estate
1.3%

Top Holdings of Invesco India ELSS Tax Saver Fund Direct Growth as on (31-Mar-24)

  • Equity

Equity Holdings58

Invesco India ELSS Tax Saver Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
-0.19%
1.49%
2.65%
Nifty 500
-0.47%
1.58%
1.71%
  • This fund’s returns stands at -0.19% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
  • This fund outperformed Nifty 500 by 0.28% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 2.5K Cr
₹ 2.5K Cr
₹ 2.5K Cr
  • AUM of the fund stands at 2.5K Cr as of Mar'24
  • AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Invesco India ELSS Tax Saver Fund Direct Growth portfolio Returns for the month of Mar

Invesco India ELSS Tax Saver Fund Direct Growth Fund Manager

Dhimant Kothari
Dhimant Kothari
Fund Manager of Invesco India ELSS Tax Saver Fund Direct Growth, since 29 March 2018
Amit Nigam
Amit Nigam
Fund Manager of Invesco India ELSS Tax Saver Fund Direct Growth, since 3 September 2020

Invesco India ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.88% since inception which is more than its category average return of 15.54%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.56% in Equity, 0% in Debt and 1.44% in Cash related instruments
AUM size ₹2530 Cr

AUM size ₹2530 Cr

This fund has AUM of ₹2530 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.73%

Expense Ratio 0.73%

This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Invesco India ELSS Tax Saver Fund Direct Growth is ₹125.55 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Invesco India ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.06%
5.06%
6 Month Returns
18.77%
18.77%
1 Year Returns
42.78%
42.78%
3 Years Returns
68.58%
19.01%
5 Years Returns
123.95%
17.5%
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0.73% as on March 2024
₹2530 Cr as on March 2024
ICICI Bank Ltd(5.45%), HDFC Bank Ltd(5.3%), Infosys Ltd(4.72%), Reliance Industries Ltd(4.53%), Tata Consultancy Services Ltd(4.27%) as on March 2024
Financial Services(27.37%), Consumer Cyclical(12.67%), Health(11.26%) as on March 2024
The alpha ratio for the Invesco India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Invesco India ELSS Tax Saver Fund Direct Growth
5.29
-0.66
0.31
As on March 2024
The alpha for Invesco India ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Invesco India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Invesco India ELSS Tax Saver Fund Direct Growth
0.88
0.95
0.94
As on March 2024
The Beta for Invesco India ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Invesco India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Invesco India ELSS Tax Saver Fund Direct Growth
2.98
0.9
0.68
As on March 2024
The sharpe ratio for Invesco India ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Invesco India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Invesco India ELSS Tax Saver Fund Direct Growth
10.03
13.34
18.34
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.54 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dhimant Kothari, Amit Nigam are the fund managers of Invesco India ELSS Tax Saver Fund Direct Growth
The Exit load of Invesco India ELSS Tax Saver Fund Direct Growth is 0%