Invesco India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-02-2025
₹ 131.88
▲0.5%
1D
Inception Returns
17%
/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 ₹2764 Cr worth of assets under management (AUM) as on Jan 2025 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 17.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.39%, 13.38% and 16.11% respectively.
Holdings
Invesco India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Basic Materials, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd, Axis Bank Ltd, Infosys 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
▲
▼
1302 people have invested ₹ 40.7L 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
15
/23
46% Performance
41% Risk Management
43% Cost
15 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
5Y returns in the bottom 25% of the category
Invesco India ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.76% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2764 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 (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
Large cap
48%
Mid cap
27.5%
Small cap
24.1%
Sector Allocation
Financial Services
24.5%
Industrial
17.4%
Consumer Cyclical
15.3%
Tech
13.5%
Health
11%
Basic Materials
6.1%
Consumer Defensive
5.2%
Energy
2.6%
Utilities
1.9%
Communication
1.7%
Real Estate
0.8%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 3K Cr as of Jan'25
- AUM increased by 6 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 1.89% to 2.73%
Axis Bank Ltd's allocation increased from 2.79% to 3.47%
LTIMindtree Ltd's allocation increased from 1.84% to 2.48%
Top Stocks sold last month
Divi's Laboratories Ltd's allocation decreased from 2.44 % to 2.39 %
Dixon Technologies (India) Ltd's allocation decreased from 2.44 % to 2.34 %
Blue Star Ltd's allocation decreased from 2.45 % to 1.99 %
Large Cap allocation has gone up from 45% to 48%
Small Cap allocation has gone down from 26.6% to 24.1%
Mid Cap allocation has gone up from 24.3% to 27.5%
Cash allocation has gone down from 1.5% to 0.4%
Top 3 Sectors in January were Financial Services, Industrial & Consumer Cyclical
Jan'25
Financial Services
24%
Industrial
17%
Consumer Cyclical
15%
Dec'24
Financial Services
25%
Industrial
18%
Consumer Cyclical
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.59% | 0% | |
 ICICI Bank Ltd | 5.5% | 0% | |
 Tata Consultancy Services Ltd | 4% | -4.9% | |
 Axis Bank Ltd | 3.47% | 25.2% | |
 Infosys Ltd | 2.73% | 35% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Cholamandalam Investment & Finance Company Ltd | 10.3% |
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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
₹1.09L Cr
as on 31-Jan-2025
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 15 months, this fund has decreased expense ratio by 3.8% moving from 0.79 to 0.76.
Over the last 1 month, this fund has experienced a 6.6% drop in AUM moving from 2.96K Cr to 2.76K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.27% return, outperforming this fund by 13.16% per annum.
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 12.82% return, outperforming this fund by 6.42%.
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 1.29%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 23.61% return, outperforming this fund by 10.23% per annum.
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 17.01% since inception which is more than its category average return of 14.48%
Fund Allocations
This fund has an allocation of 99.59% in Equity, 0% in Debt and 0.41% in Cash related instruments
AUM size ₹2764 Cr
This fund has AUM of ₹2764 Cr which is less than its category average of ₹ 4780 Cr
Expense Ratio 0.76%
This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.37%
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 ₹131.88 as on 21-Feb-2025.
Existing (Absolute + CAGR) as on 21-Feb-2025.
Invesco India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.96% | -7.96% |
6 Month Returns | -9.81% | -9.81% |
1 Year Returns | 6.39% | 6.39% |
3 Years Returns | 45.76% | 13.38% |
5 Years Returns | 111.06% | 16.11% |
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0.76% as on January 2025
₹2764 Cr as on January 2025
HDFC Bank Ltd(6.59%), ICICI Bank Ltd(5.5%), Tata Consultancy Services Ltd(4%), Axis Bank Ltd(3.47%), Infosys Ltd(2.73%) as on January 2025
Financial Services(24.39%), Industrial(17.32%), Consumer Cyclical(15.27%) as on January 2025
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 | 5.05 | 0.29 | 0.86 |
As on January 2025
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 | 1.03 | 0.98 | 0.94 |
As on January 2025
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 | 0.61 | 0.57 | 0.72 |
As on January 2025
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 | 13.63 | 14.41 | 18.77 |
As on January 2025
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 0.9 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.01 as on January 2025. 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%