Invesco India Equity Savings Fund Direct Growth

Invesco India Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 7 March, 2019. The fund is managed by Dhimant Kothari, Amit Nigam, Krishna Cheemalapati. This fund gives you the benefit of diversification.

1. Invesco India Equity Savings Fund Direct Growth has ₹341 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
2. The fund has an expense ratio 0.7.
   

Invesco India Equity Savings Fund Direct Growth has given a CAGR return of 10.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.05%, 10.66% and 11.07% respectively.

Invesco India Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Health, Tech, Consumer Defensive, Industrial, Consumer Cyclical, Basic Materials, Energy, Utilities, Real Estate.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate capital appreciation and income by investing in equity and equity related instruments, arbitrage opportunities and fixed income instruments (including debt, government securities and money market instruments).

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Invesco India Equity Savings Fund Direct Growth has no lock in period.