Invesco India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 24-03-2025
₹ 137
▲1.3%
1D
Inception Returns
17.1%
/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 Amit Nigam, Dhimant Kothari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Invesco India ELSS Tax Saver Fund Direct Growth has ₹2483 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 17.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.94%, 14.70% and 23.91% respectively.
Holdings
Invesco India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Consumer Defensive, Basic Materials, Energy, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Tata Consultancy Services Ltd, Metro Brands 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
▲
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1263 people have invested ₹ 36.9L 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
19
/23
39% Performance
34% Risk Management
59% Cost
19 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
Invesco India ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.8% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2483 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 (24-Mar-25)
Fund Distribution
as on (31-Jan-25)
Large cap
49.7%
Mid cap
28.1%
Small cap
21.4%
Sector Allocation
Financial Services
24.9%
Consumer Cyclical
17.2%
Industrial
15.9%
Tech
11.9%
Health
10.2%
Consumer Defensive
6.3%
Basic Materials
6%
Energy
3%
Communication
2.1%
Utilities
1.7%
Real Estate
0.7%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 2.5K Cr as of Feb'25
- AUM decreased by 477.5 Cr between Feb'25 and Jan'25
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 48% to 49.7%
Small Cap allocation has gone down from 24.1% to 21.4%
Mid Cap allocation has gone up from 27.5% to 28.1%
Cash allocation has gone up from 0.4% to 0.8%
Top 3 Sectors in February were Financial Services, Industrial & Consumer Cyclical
Feb'25
Financial Services
25%
Consumer Cyclical
17%
Industrial
16%
Jan'25
Financial Services
24%
Industrial
17%
Consumer Cyclical
15%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Home First Finance Company India Ltd | 21.5% |
 Bajaj Finance Ltd | 6.7% |
 HDFC Bank Ltd | 5.6% |
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Amit Nigam
Fund Manager of Invesco India ELSS Tax Saver Fund Direct Growth, since 3 September 2020
Top funds managed
Dhimant Kothari
Fund Manager of Invesco India ELSS Tax Saver Fund Direct Growth, since 29 March 2018
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
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.99% return, outperforming this fund by 15.07% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.8% which is lower than the category average expense ratio of 1.3%.
Over the last 1 month, this fund has increased expense ratio by 5.3% moving from 0.76 to 0.80.
Over the last 3 months, this fund has experienced a 16.0% drop in AUM moving from 2.95K Cr to 2.48K Cr.
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 18.97% return, outperforming this fund by 7.03%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 24.82% return, outperforming this fund by 10.12% 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 17.07% since inception which is more than its category average return of 14.56%
Fund Allocations
This fund has an allocation of 99.18% in Equity, 0% in Debt and 0.82% in Cash related instruments
AUM size ₹2483 Cr
This fund has AUM of ₹2483 Cr which is less than its category average of ₹ 4477 Cr
Expense Ratio 0.8%
This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.4%
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 ₹137 as on 24-Mar-2025.
Existing (Absolute + CAGR) as on 24-Mar-2025.
Invesco India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.66% | 2.66% |
6 Month Returns | -12.84% | -12.84% |
1 Year Returns | 11.94% | 11.94% |
3 Years Returns | 50.9% | 14.7% |
5 Years Returns | 192.1% | 23.91% |
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0.8% as on February 2025
₹2483 Cr as on February 2025
HDFC Bank Ltd(7.06%), ICICI Bank Ltd(4.09%), Axis Bank Ltd(3.98%), Tata Consultancy Services Ltd(2.67%), Metro Brands Ltd(2.49%) as on February 2025
Financial Services(24.73%), Consumer Cyclical(17.09%), Industrial(15.73%) as on January 1
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 | 3.76 | 0.11 | -0.98 |
As on February 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 | 1.13 | 1 | 0.97 |
As on February 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 | -0.18 | 0.45 | 0.61 |
As on February 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 | 17.72 | 15.24 | 19.43 |
As on February 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 0.66 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Amit Nigam, Dhimant Kothari 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%