Invesco India ELSS Tax Saver Fund Direct Growth

Invesco India ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 11-12-2024

₹ 156.46

0.4%

1D

Inception Returns

18.9%

/yr

About 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 ₹2919 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Invesco India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.47%, 17.74% and 21.82% respectively.

Holdings

Invesco India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Basic Materials, Consumer Defensive, Energy, Communication, Real Estate, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd, Axis Bank Ltd, Divi's Laboratories Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Invesco India ELSS Tax Saver Fund Direct Growth

To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Invesco India ELSS Tax Saver Fund Direct Growth of 3 Years

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1248 people have invested ₹ 49.2L in Invesco India ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank for Invesco India ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
13
/23
48% Performance
47% Risk Management
79% Cost
13 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Invesco India ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.76%
Benchmark
S&P BSE 200 India TR INR
AUM₹2919 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
89.98%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (11-Dec-24)

Period
Invesco India ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
5.5%
3.4%
3.3%
3M
2.7%
-0.7%
-0.1%
6M
16.1%
6.9%
9.3%
1Y
35.5%
24.4%
28.6%
3Y
17.7%
15.5%
17.7%
5Y
21.8%
19.4%
21%

Fund Distribution

as on (31-Oct-24)

  • Equity 99%

  • Debt & Cash 1%

Large cap
46.7%

Mid cap
25.3%

Small cap
25.1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
25.5%
Industrial
15.9%
Consumer Cyclical
14%
Health
13.5%
Tech
11.8%
Basic Materials
7.8%
Consumer Defensive
5.5%
Energy
3.2%
Communication
1.1%
Utilities
1.1%
Real Estate
0.4%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.23%
2.75%
2.12%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.23% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 2.29% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.1K Cr
₹ 3.1K Cr
₹ 3K Cr
  • AUM of the fund stands at 3.1K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.15% to 6.14%
HDFC Bank Ltd's allocation increased from 5.15% to 6.14%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.54% to 1.19%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.54% to 1.19%
Axis Bank Ltd's allocation increased from 2.49% to 3.09%
Axis Bank Ltd's allocation increased from 2.49% to 3.09%
Top Stocks sold last month
Divi's Laboratories Ltd's allocation decreased from 2.63 % to 2.58 %
Divi's Laboratories Ltd's allocation decreased from 2.63 % to 2.58 %
Blue Star Ltd's allocation decreased from 2.8 % to 2.17 %
Blue Star Ltd's allocation decreased from 2.8 % to 2.17 %
Reliance Industries Ltd's allocation decreased from 2.53 % to 2.03 %
Reliance Industries Ltd's allocation decreased from 2.53 % to 2.03 %
Cash allocation has gone up from 0.7% to 1.1%
Cash allocation has gone up from 0.7% to 1.1%

Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical

Oct'24
Financial Services
26%
Industrial
16%
Consumer Cyclical
14%
Sep'24
Financial Services
23%
Industrial
17%
Consumer Cyclical
14%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
60
64
60
Top 5 Company Concentration
21.1%
19.1%
22.6%
Company having highest exposure
HDFC Bank Ltd (6.1%)
HDFC Bank Ltd (5.2%)
Reliance Industries Ltd (5.4%)
No of Sectors
11
11
10
Top 5 Sectors Concentration
80.8%
77.5%
73.9%
Sector having highest exposure
Financial Services (25.5%)
Financial Services (22.9%)
Financial Services (21.2%)
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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
Fund House
Invesco Asset Management (India) Private Ltd
Total AUM
₹1.04L Cr
as on 31-Oct-2024
Address
Religare Invesco Asset Management Company Private Limited,3rd Floor, GYS Infinity,,Paranjpe 'B' Scheme, Subhash Road,,Vile Parle (East),
Phone
+912267310000
Website
services@religaremf.com

Mutual Fund Insights

Insights icon
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 29.33% return, outperforming this fund by 11.58% per annum.
Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.6% return, outperforming this fund by 22.13%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.09% return, outperforming this fund by 12.27% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 4.5% drop in AUM moving from 3.05K Cr to 2.91K Cr.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 1.3% moving from 0.75 to 0.76.
Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.29%.

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 18.89% since inception which is more than its category average return of 16.17%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.97% in Equity, 0% in Debt and 1.03% in Cash related instruments
AUM size ₹2919 Cr

AUM size ₹2919 Cr

This fund has AUM of ₹2919 Cr which is less than its category average of ₹ 3989 Cr
Expense Ratio 0.76%

Expense Ratio 0.76%

This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for Invesco India ELSS Tax Saver Fund Direct Growth

The current NAV of Invesco India ELSS Tax Saver Fund Direct Growth is ₹156.46 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
Invesco India ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.51%
5.51%
6 Month Returns
16.08%
16.08%
1 Year Returns
35.47%
35.47%
3 Years Returns
63.24%
17.74%
5 Years Returns
168.31%
21.82%
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0.76% as on November 2024
₹2919 Cr as on November 2024
HDFC Bank Ltd(6.14%), ICICI Bank Ltd(5.37%), Tata Consultancy Services Ltd(3.92%), Axis Bank Ltd(3.09%), Divi's Laboratories Ltd(2.58%) as on November 2024
Financial Services(25.97%), Industrial(15.72%), Consumer Cyclical(14.2%) as on November 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
8.18
0.73
1.74
As on November 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
0.84
0.96
0.93
As on November 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
2.08
0.79
0.84
As on November 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
11.26
13.78
18.4
As on November 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 1.34 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.08 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
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%