Invesco India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 150.1
1D
Inception Returns
18.7%
/yr
About 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 ₹2954 Cr worth of assets under management (AUM) as on Nov 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 18.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.61%, 17.82% and 20.88% 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, Communication, Real Estate, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd, Axis Bank Ltd, Divi's Laboratories 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
Historical NAV & Returns
Annualised
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1241 people have invested ₹ 50.1L in Invesco India ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Invesco India ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
13
/23
48% Performance
47% Risk Management
79% Cost
13 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Invesco India ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.76% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2954 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 89.98% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
46.7%
Mid cap
25.3%
Small cap
25.1%
Sector Allocation
Financial Services
26.2%
Industrial
15.9%
Consumer Cyclical
14.4%
Health
13.3%
Tech
12.8%
Basic Materials
6.5%
Consumer Defensive
5.4%
Energy
3.1%
Communication
1.1%
Real Estate
0.8%
Utilities
0.4%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.32% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.92% in Nov'24
- AUM of the fund stands at 2.9K Cr as of Nov'24
- AUM decreased by 138.9 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.54% to 1.19%
Top Stocks sold last month
Varun Beverages Ltd's allocation decreased from 5.26 % to 1.17 %
Small Cap allocation has gone down from 25.9% to 25.1%
Mid Cap allocation has gone down from 26% to 25.3%
Large Cap allocation has gone down from 47.4% to 46.7%
Cash allocation has gone down from 1.1% to 1%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
26%
Industrial
16%
Consumer Cyclical
14%
Oct'24
Financial Services
26%
Industrial
16%
Consumer Cyclical
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Orchid Pharma Ltd | 23.4% |
 Coforge Ltd | 16.7% |
 Tata Consultancy Services Ltd | 7.6% |
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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
Fund House
Invesco Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.08L Cr
as on 29-Nov-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
Over the last 1 month, this fund has increased expense ratio by 1.3% moving from 0.75 to 0.76.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.44% return, outperforming this fund by 12.62% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 52.84% return, outperforming this fund by 22.23%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.28%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.67% return, outperforming this fund by 11.79% per annum.
Over the last 3 months, this fund has experienced a 2.4% drop in AUM moving from 2.99K Cr to 2.91K Cr.
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 18.67% since inception which is more than its category average return of 15.88%
Fund Allocations
This fund has an allocation of 98.97% in Equity, 0% in Debt and 1.03% in Cash related instruments
AUM size ₹2954 Cr
This fund has AUM of ₹2954 Cr which is less than its category average of ₹ 3992 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 for Invesco India ELSS Tax Saver Fund Direct Growth
The current NAV of Invesco India ELSS Tax Saver Fund Direct Growth is ₹150.1 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Invesco India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.06% | 6.06% |
6 Month Returns | 10.1% | 10.1% |
1 Year Returns | 30.61% | 30.61% |
3 Years Returns | 63.55% | 17.82% |
5 Years Returns | 158.06% | 20.88% |
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0.76% as on November 2024
₹2954 Cr as on November 2024
HDFC Bank Ltd(6.14%), ICICI Bank Ltd(5.37%), Tata Consultancy Services Ltd(3.92%), Axis Bank Ltd(3.09%), Divi's Laboratories Ltd(2.58%) as on November 2024
Financial Services(25.97%), Industrial(15.72%), Consumer Cyclical(14.2%) as on November 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 | 8.18 | 0.73 | 1.74 |
As on November 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 | 0.84 | 0.96 | 0.93 |
As on November 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 | 2.08 | 0.79 | 0.84 |
As on November 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 | 11.26 | 13.78 | 18.4 |
As on November 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 1.34 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.08 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
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%