Invesco India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 128.18 as on 25-04-2024
Fund Performance
1213 people have invested ₹ 28.5L in Invesco India ELSS Tax Saver Fund Direct Growth in the last three months
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.29%.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 64.26% return, outperforming this fund by 18.38%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.23% return, outperforming this fund by 16% per annum.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.27% return, outperforming this fund by 13.45% per annum.
Over the last 1 year, this fund has decreased expense ratio by 20.7% moving from 0.92 to 0.73.
INDmoney Rank of Invesco India ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
11
/23
48% Performance
40% Risk Management
67% Cost
11 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
3Y returns in the bottom 25% of the category
About the 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
- Invesco India ELSS Tax Saver Fund Direct Growth has ₹2530 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Invesco India ELSS Tax Saver Fund Direct Growth Overview
 | 0.73% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹2530 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 68.53% |
Invesco India ELSS Tax Saver Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
61.7%
Small cap
20.1%
Mid cap
16.8%
Sector Allocation
Financial Services
27.8%
Consumer Cyclical
12.9%
Health
11.4%
Tech
10.7%
Industrial
10.4%
Basic Materials
6.9%
Consumer Defensive
6.3%
Energy
5.4%
Utilities
5.3%
Communication
1.6%
Real Estate
1.3%
Top Holdings of Invesco India ELSS Tax Saver Fund Direct Growth as on (31-Mar-24)
Equity Holdings58
Invesco India ELSS Tax Saver Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.19% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.28% in Mar'24
AUM Change
- AUM of the fund stands at 2.5K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Invesco India ELSS Tax Saver Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
Mankind Pharma Ltd | 6.6% |
 Maruti Suzuki India Ltd | 5.7% |
 Max Healthcare Institute Ltd | 4.6% |
Peer Analysis
Invesco India ELSS Tax Saver Fund Direct Growth Fund Manager
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
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 17.98% since inception which is more than its category average return of 15.79%
Fund Allocations
This fund has an allocation of 98.56% in Equity, 0% in Debt and 1.44% in Cash related instruments
AUM size ₹2530 Cr
This fund has AUM of ₹2530 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Invesco India ELSS Tax Saver Fund Direct Growth is ₹128.18 as on 25-Apr-2024.
Existing (Absolute + CAGR) as on 25-Apr-2024.
Invesco India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.3% | 5.3% |
6 Month Returns | 24.28% | 24.28% |
1 Year Returns | 45.88% | 45.88% |
3 Years Returns | 72.04% | 19.82% |
5 Years Returns | 131.06% | 18.23% |
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0.73% as on March 2024
₹2530 Cr as on March 2024
ICICI Bank Ltd(5.45%), HDFC Bank Ltd(5.3%), Infosys Ltd(4.72%), Reliance Industries Ltd(4.53%), Tata Consultancy Services Ltd(4.27%) as on March 2024
Financial Services(27.37%), Consumer Cyclical(12.67%), Health(11.26%) as on March 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 | 5.29 | -0.66 | 0.31 |
As on March 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 | 0.88 | 0.95 | 0.94 |
As on March 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 | 2.98 | 0.9 | 0.68 |
As on March 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 | 10.03 | 13.34 | 18.34 |
As on March 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 1.54 as on March 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%