Invesco India Equity Savings Fund Direct Growth

Invesco India Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 05-12-2024

₹ 18.51

0.2%

1D

Inception Returns

11.3%

/yr

About Invesco India Equity Savings Fund Direct Growth

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

Key Parameters

  1. Invesco India Equity Savings Fund Direct Growth has ₹341 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

Invesco India Equity Savings Fund Direct Growth has given a CAGR return of 11.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.77%, 11.91% and 11.54% respectively.

Holdings

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

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
37 people have invested ₹ 11L in Invesco India Equity Savings Fund Direct Growth in the last three months

Invesco India Equity Savings Fund Direct Growth Overview

Expense ratio0.73%
Benchmark
NIFTY Equity Savings TR INR
AUM₹341 Cr
Inception Date7 March, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
121.39%
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
Moderately High risk

Trailing Returns

as on (05-Dec-24)

Period
Invesco India Equity Savings Fund Direct Growth
Equity Savings Index
1M
1.9%
1.3%
3M
1.8%
0.9%
6M
9.8%
6.5%
1Y
20.8%
13.4%
3Y
11.9%
9.6%
5Y
11.5%
10.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 34.2%

  • Debt & Cash 65.8%

Large cap
47%

Small cap
10%

Mid cap
8.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
25.8%
Health
16.6%
Industrial
12.2%
Consumer Defensive
11.4%
Tech
10.6%
Consumer Cyclical
9.7%
Energy
6.6%
Basic Materials
5.9%
Utilities
0.8%
Real Estate
0.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 340.5 Cr
₹ 313.4 Cr
₹ 264.5 Cr
  • AUM of the fund stands at 340.5 Cr as of Oct'24
  • AUM increased by 27.1 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Government & Health

Oct'24
Financial Services
26%
Government
19%
Health
17%
Sep'24
Financial Services
26%
Government
19%
Health
17%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
101
101
94
Top 5 Company Concentration
22.1%
22.1%
22.2%
Company having highest exposure
Sun Pharmaceuticals Industries Ltd (5.4%)
Sun Pharmaceuticals Industries Ltd (5.4%)
Sun Pharmaceuticals Industries Ltd (6%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
88%
88%
91.3%
Sector having highest exposure
Financial Services (25.8%)
Financial Services (25.8%)
Financial Services (29.1%)
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Dhimant Kothari
Dhimant Kothari
Fund Manager of Invesco India Equity Savings Fund Direct Growth, since 19 May 2020
Deepak Gupta
Deepak Gupta
Fund Manager of Invesco India Equity Savings Fund Direct Growth, since 1 December 2023
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
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 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.85% return, outperforming this fund by 3.31% per annum.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 25.44% return, outperforming this fund by 4.67%.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.05%.
Insights icon
Over the last 3 months, this fund has experienced a 50.5% growth in AUM moving from 226.18 Cr to 340.5 Cr.
Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 14.88% return, outperforming this fund by 2.97% per annum.

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 11.3% since inception which is more than its category average return of 8.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 34.15% in Equity, 22.09% in Debt and 43.74% in Cash related instruments
AUM size ₹341 Cr

AUM size ₹341 Cr

This fund has AUM of ₹341 Cr which is less than its category average of ₹ 1689 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 1.13%

Frequently Asked Questions for Invesco India Equity Savings Fund Direct Growth

The current NAV of Invesco India Equity Savings Fund Direct Growth is ₹18.51 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Invesco India Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.89%
1.89%
6 Month Returns
9.81%
9.81%
1 Year Returns
20.77%
20.77%
3 Years Returns
40.16%
11.91%
5 Years Returns
72.63%
11.54%
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0.73% as on November 2024
₹341 Cr as on November 2024
7.1% Govt Stock 2034(7.47%), Sun Pharmaceuticals Industries Ltd(4.73%), HDFC Bank Ltd(4.57%), United Spirits Ltd(4.35%), Infosys Ltd(3.79%) as on November 2024
Cash Equivalent(43.79%), Government(11.7%), Corporate(10.36%) as on November 2024
AAA
72.38
AA
27.62
Dhimant Kothari, Deepak Gupta, Amit Nigam, Krishna Cheemalapati 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%