Invesco India Tax Plan Direct Plan Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 85.2 as on 22-03-2023
Fund Performance
1150 people have invested ₹ 26L in mutual fund in the last three months
Fund Insights
In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 9.97% return, outperforming Invesco India Tax Plan Direct Plan Growth by 15.82%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 50.66% return, outperforming Invesco India Tax Plan Direct Plan Growth by 28.15% per annum
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 22.36% return, outperforming Invesco India Tax Plan Direct Plan Growth by 11.41% per annum
Over the last 1 year, Invesco India Tax Plan Direct Plan Growth has increased expense ratio by 35.3% moving from 0.68 to 0.92
Invesco India Tax Plan Direct Plan Growth expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.92% which is lower than the category average expense ratio of 1.42%
INDmoney Rank
Powered by IND quant engine
18
/23
36% Performance
30% Risk Management
59% Cost
18 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
Has not generated consistent returns
Poor track record of protecting capital in bear phase
3Y returns in the bottom 25% of the category
Invesco India Tax Plan Direct Plan Growth Performance as on (22-Mar-23)
About the Fund
Invesco India Tax Plan Direct Plan 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 Tax Plan Direct Plan Growth has a NAV of ₹85.22 as on 22-03-2023.
2) Invesco India Tax Plan Direct Plan Growth has ₹1833 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.92 %.
Invesco India Tax Plan Direct Plan Growth Overview
 | 0.92% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹1833 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 42% |
Fund Distribution as on (28-Feb-23)
Size breakup
Large cap
68.6%
Mid cap
17.2%
Small cap
12.8%
Sector Allocation
Financial Services
32.8%
Tech
13.6%
Industrial
11.7%
Consumer Cyclical
8.4%
Consumer Defensive
8.1%
Basic Materials
7.9%
Energy
6%
Utilities
5%
Health
4.7%
Communication
2%
Top Holdings of Invesco India Tax Plan Direct Plan Growth as on (28-Feb-23)
Equity Holdings51
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Housing Development Finance Corp Ltd | 9.56% | -6.8% | |
 Infosys Ltd | 7.68% | 0% | |
 ICICI Bank Ltd | 6.11% | 0% | |
 Reliance Industries Ltd | 5.88% | 0% | |
 HDFC Bank Ltd | 3.9% | 27.4% |
See all
Invesco India Tax Plan Direct Plan Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at -0.13% whereas the fund’s underlying benchmark Nifty 500 returns stands at -2.22% as on Feb'23
- This fund outperformed Nifty 500 by 2.09% in Feb'23
AUM Change
- AUM of the fund stands at 1.8K Cr as of Feb'23
- AUM increased by 2.7 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 0.91% to 3.07%
Infosys Ltd's allocation increased from 7.55% to 7.93%
Anand Rathi Wealth Ltd's allocation increased from 1.61% to 1.98%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 6.25 % to 5.97 %
ICICI Bank Ltd's allocation decreased from 6.17 % to 5.95 %
Axis Bank Ltd's allocation decreased from 3.32 % to 3.2 %
Large Cap allocation has gone up from 67.7% to 68.6%
Small Cap allocation has gone down from 13.6% to 12.8%
Mid Cap allocation has gone up from 17.2% to 17.2%
Cash allocation has gone down from 1.5% to 1.5%
Top 3 Sectors in February were Financial Services, Tech & Industrial
Feb'23
Financial Services
33%
Tech
14%
Industrial
12%
Jan'23
Financial Services
33%
Tech
13%
Industrial
12%
Gainers & Losers in Invesco India Tax Plan Direct Plan Growth portfolio as on (28-Feb-23)
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 38.7% |
 LTI Mindtree Ltd | 7.6% |
Samvardhana Motherson International Ltd | 7.5% |
Peer Analysis
Invesco India Tax Plan Direct Plan Growth Fund Manager
Dhimant Kothari
Fund Manager of Invesco India Tax Plan Direct Plan Growth, since 29 March 2018
Top funds managed
Amit Nigam
Fund Manager of Invesco India Tax Plan Direct Plan Growth, since 3 September 2020
Top funds managed
Fund 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 15.39% since inception which is more than its category average return of 12.28%
Fund Allocations
This fund has an allocation of 98.54% in Equity, 0% in Debt and 1.46% in Cash related instruments
AUM size ₹1833 Cr
This fund has AUM of ₹1833 Cr which is less than its category average of ₹ 2556 Cr
Expense Ratio 0.92%
This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.57%
Frequently Asked Questions
The current NAV of Invesco India Tax Plan Direct Plan Growth is 85.01 as on 14-Mar-2023.
Existing (Absolute + CAGR)
Invesco India Tax Plan Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.63% | -3.63% |
6 Month Returns | -7.69% | -7.69% |
1 Year Returns | -4.11% | -4.11% |
3 Years Returns | 60.4% | 17.06% |
5 Years Returns | 64.65% | 10.49% |
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0.92 as on February 2023
1833 Cr as on February 2023
Housing Development Finance Corp Ltd(9.56%),Infosys Ltd(7.68%),ICICI Bank Ltd(6.11%),Reliance Industries Ltd(5.88%),HDFC Bank Ltd(3.9%) as on February 2023
Financial Services(32.28%),Tech(13.38%),Industrial(11.55%) as on February 2023
The alpha ratio for the Invesco India Tax Plan Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Invesco India Tax Plan Direct Plan Growth | -5.46 | -3.51 | 0.04 |
As on February 2023
The alpha for Invesco India Tax Plan Direct Plan 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 Tax Plan Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Invesco India Tax Plan Direct Plan Growth | 0.92 | 0.96 | 0.94 |
As on February 2023
The Beta for Invesco India Tax Plan Direct Plan 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 Tax Plan Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Invesco India Tax Plan Direct Plan Growth | -0.42 | 0.49 | 0.37 |
As on February 2023
The sharpe ratio for Invesco India Tax Plan Direct Plan 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 Tax Plan Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Invesco India Tax Plan Direct Plan Growth | 15.73 | 22.13 | 19.15 |
As on February 2023
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 0.67 as on February 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dhimant Kothari,Amit Nigam are the fund managers of Invesco India Tax Plan Direct Plan Growth
The Exit load of Invesco India Tax Plan Direct Plan Growth is 0%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.