Invesco India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
About the Fund
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
- Invesco India ELSS Tax Saver Fund Direct Growth has ₹2847 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Invesco India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.20%, 18.28% and 22.01% 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, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd, United Spirits 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 benefitDividends 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
Fund Performance
1279 people have invested ₹ 26.2L in Invesco India ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
12
/23
49% Performance
38% Risk Management
62% Cost
12 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 0.76% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2847 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 68.53% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
54.9%
Small cap
22.9%
Mid cap
20.8%
Sector Allocation
Financial Services
27.2%
Industrial
14.9%
Consumer Cyclical
11.2%
Health
11.1%
Tech
8.7%
Basic Materials
8.2%
Consumer Defensive
7.4%
Energy
6.9%
Utilities
2.8%
Communication
1%
Real Estate
0.6%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Home First Finance Company India Ltd | 5% |
Samvardhana Motherson International Ltd | 2.4% |
Dhimant Kothari
Fund Manager of Invesco India ELSS Tax Saver Fund Direct Growth, since 29 March 2018
Top funds managed
Amit Nigam
Fund Manager of Invesco India ELSS Tax Saver Fund Direct Growth, since 3 September 2020
Top funds managed
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.27%.
Over the last 3 months, this fund has experienced a 12.6% growth in AUM moving from 2.52K Cr to 2.84K Cr.
Over the last 1 year, this fund has decreased expense ratio by 17.4% moving from 0.92 to 0.76.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 15.12%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 14.97% per annum.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 10.2% per annum.
Invesco India ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.78% since inception which is more than its category average return of 16.63%
Fund Allocations
This fund has an allocation of 98.59% in Equity, 0% in Debt and 1.41% in Cash related instruments
AUM size ₹2847 Cr
This fund has AUM of ₹2847 Cr which is less than its category average of ₹ 3925 Cr
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
The current NAV of Invesco India ELSS Tax Saver Fund Direct Growth is ₹143.9 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Invesco India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.29% | 3.29% |
6 Month Returns | 20.32% | 20.32% |
1 Year Returns | 42.2% | 42.2% |
3 Years Returns | 65.49% | 18.28% |
5 Years Returns | 170.4% | 22.01% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.76% as on June 2024
₹2847 Cr as on June 2024
HDFC Bank Ltd(6.94%), Reliance Industries Ltd(5.87%), ICICI Bank Ltd(4.86%), Tata Consultancy Services Ltd(3.92%), United Spirits Ltd(2.68%) as on June 2024
Financial Services(26.8%), Industrial(14.72%), Consumer Cyclical(11.02%) as on June 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 | 6.88 | 0.55 | 1.4 |
As on June 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 | 0.91 | 0.94 | 0.95 |
As on June 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 | 2.58 | 0.94 | 0.81 |
As on June 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 | 11.44 | 13.64 | 18.61 |
As on June 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 1.64 as on June 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%