Invesco India Equity Savings Fund Direct Growth

Hybrid
Direct
Equity Savings
Invesco India Equity Savings Fund Direct Growth

About the Fund

Invesco India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 7 March, 2019. The fund is managed by Amit Nigam, Krishna Cheemalapati, Dhimant Kothari. This fund gives you the benefit of diversification.

Key Parameters

  1. Invesco India Equity Savings Fund Direct Growth has ₹208 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Invesco India Equity Savings Fund Direct Growth has given a CAGR return of 11.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.96%, 11.36% and 11.60% respectively.

Holdings

Invesco India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Government, Consumer Defensive, Industrial, Consumer Cyclical, Basic Materials, Tech, Corporate, Real Estate, Utilities.

Taxation

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Invesco India Equity Savings Fund Direct Growth

To generate capital appreciation and income by investing in equity and equity related instruments, arbitrage opportunities and fixed income instruments (including debt, government securities and money market instruments).

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Invesco India Equity Savings Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
20 people have invested ₹ 3.4L in Invesco India Equity Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.89%
Benchmark
NIFTY Equity Savings TR INR
AUM₹208 Cr
Inception Date7 March, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
92.79%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (30-Jun-24)

  • Equity 35.4%

  • Debt & Cash 64.6%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
33.9%
Health
19.1%
Consumer Defensive
13.6%
Industrial
9.9%
Consumer Cyclical
8%
Basic Materials
7.2%
Tech
6.2%
Real Estate
1.2%
Utilities
0.8%
All changes are between Oct'69 and Dec'69

Amit Nigam
Amit Nigam
Fund Manager of Invesco India Equity Savings Fund Direct Growth, since 3 September 2020
Krishna Cheemalapati
Krishna Cheemalapati
Fund Manager of Invesco India Equity Savings Fund Direct Growth, since 7 March 2019
Dhimant Kothari
Dhimant Kothari
Fund Manager of Invesco India Equity Savings Fund Direct Growth, since 19 May 2020

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.89% which is lower than the category average expense ratio of 1.06%.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.52% return, outperforming this fund by 2.92% per annum.
Insights icon
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.88% return, outperforming this fund by 2.52% per annum.
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Over the last 6 months, this fund has experienced a 60.0% growth in AUM moving from 130.13 Cr to 208.22 Cr.
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In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 25% return, outperforming this fund by 3.04%.

Invesco India Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 11.15% since inception which is more than its category average return of 8.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 35.42% in Equity, 14.23% in Debt and 50.34% in Cash related instruments
AUM size ₹208 Cr

AUM size ₹208 Cr

This fund has AUM of ₹208 Cr which is less than its category average of ₹ 1388 Cr
Expense Ratio 0.89%

Expense Ratio 0.89%

This fund has an expense ratio of 0.89% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions

The current NAV of Invesco India Equity Savings Fund Direct Growth is ₹17.62 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Invesco India Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.24%
1.24%
6 Month Returns
11.87%
11.87%
1 Year Returns
21.96%
21.96%
3 Years Returns
38.1%
11.36%
5 Years Returns
73.15%
11.6%
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0.89% as on June 2024
₹208 Cr as on June 2024
HDFC Bank Ltd(7.6%), Sun Pharmaceuticals Industries Ltd(6.29%), United Spirits Ltd(6.27%), 7.1% Govt Stock 2034(4.83%), State Bank of India(4.28%) as on June 2024
Cash Equivalent(49.43%), Financial Services(12.02%), Government(11.99%) as on June 2024
AAA
100
Amit Nigam, Krishna Cheemalapati, Dhimant Kothari are the fund managers of Invesco India Equity Savings Fund Direct Growth
The Exit load of Invesco India Equity Savings Fund Direct Growth is 0.25%