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Invesco India Tax Plan - Direct Plan


1 Lakh

Investment Grown to
₹ 1.51 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.20 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.96 -0.35 -0.76 0.81 4.72 11.26 12.89 14.68 10.99 16.90 --
S&P BSE 500 TRI 0.82 -0.40 -1.36 0.51 5.44 8.33 10.40 12.86 8.32 12.26 --
Equity: ELSS 1.14 -0.32 -1.01 1.14 5.04 9.38 11.85 12.05 8.59 14.10 --
Rank within category 22 25 15 26 19 10 14 6 4 3 --
Number of funds in category 38 38 38 38 37 36 35 34 30 27 1

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.79 (19-Sep-2019 - 26-Sep-2019) -8.27 (19-Aug-2015 - 26-Aug-2015)
Month 16.74 (07-May-2014 - 06-Jun-2014) -13.29 (07-Sep-2018 - 09-Oct-2018)
Quarter 24.99 (13-Mar-2014 - 12-Jun-2014) -14.19 (29-May-2013 - 28-Aug-2013)
Year 78.77 (03-Sep-2013 - 03-Sep-2014) -15.10 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.17 12.88 0.73 1.05 0.96 1.67
S&P BSE 500 TRI 13.80 13.09 0.92 -- -- --
Equity: ELSS 13.10 13.33 0.55 0.82 0.96 -0.35
Rank within category 9 11 8 8 22 9
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 41
Top 10 Stocks (%) 55.56
Top 5 Stocks (%) 37.91
Top 3 Sectors (%) 58.41
Portfolio P/B Ratio 4.52
Portfolio P/E Ratio 32.42

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,28,381 98,037
Giant (%) 63.65 52.66
Large (%) 6.25 14.56
Mid (%) 24.52 24.99
Small (%) 5.57 8.12
Tiny (%) -- 0.23

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.96 9.88 6.52 8.73
up Reliance Industries Energy 22.32 9.24 0.00 8.64
equal ICICI Bank Financial 66.46 8.46 3.81 8.46
equal HDFC Financial 34.55 8.77 0.00 7.06
new Infosys Technology 20.44 7.16 0.00 5.02
equal ITC FMCG 21.06 4.61 0.00 3.89
new Maruti Suzuki India Automobile 35.49 8.57 0.00 3.63
equal Kotak Mahindra Bank Financial 35.19 6.68 0.00 3.63
up Axis Bank Financial 42.58 4.00 0.00 3.59
equal Hindustan Unilever FMCG 67.61 3.38 0.00 2.91
equal Ultratech Cement Construction 40.68 2.67 0.00 2.29
equal Bajaj Finance Financial 50.33 2.54 0.00 2.14
up Apollo Hospitals Healthcare 70.50 2.02 0.00 2.02
up VIP Industries Chemicals 55.00 2.85 0.78 2.01
equal United Spirits FMCG 57.10 4.17 0.00 1.81
equal Titan Company Cons Durable 74.45 2.88 0.00 1.70
equal Mphasis Technology 15.64 3.03 0.00 1.67
down Coromandel International Chemicals 21.53 2.70 0.00 1.64
equal Aditya Birla Fashion and Retail Services 60.05 2.67 0.89 1.61
equal Hexaware Technologies Technology 17.21 2.05 0.00 1.54
down Bharti Airtel Communication -- 2.90 0.00 1.53
equal Schaeffler India Engineering 37.08 2.29 0.00 1.48
equal Cholamandalam Invest. & Fin. Financial 20.76 2.05 0.00 1.47
down Sanofi India Healthcare 38.50 1.80 0.00 1.45
equal United Breweries FMCG 72.94 3.11 0.89 1.39

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Amit Ganatra since 29-Mar-2018

Education: Mr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.

Experience: Prior to joining Invesco Mutual Fund, he has worked with DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.

Funds Managed:

— Dhimant Kothari since 29-Mar-2018

Education: Mr. Kothari is a Chartered Accountant and holds a Commerce degree.

Experience: In his last assignment, he was working as Senior Manager – Research with Credit Analysis and Research Ltd., His other assignments include Lotus India Asset Management and CRISIL Ltd.

Funds Managed:


0.92%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 60.4400

Dividend: ₹ 20.3300


Investment Strategy

The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. It intends to invest across market capitalisation sectors utilizing bottom up approach. It will aim to have concentrated well researched portfolio, which would be around 20 - 50 stocks.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 16.98%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 988 Cr (As on 31-Dec-2019)
Expense: 1.35% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 120.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-Dec-20191.6823

 18-Jan-20191.7708
 12-Jan-20182.2000
 29-Dec-20162.0000
 18-Dec-20152.0000
 31-Dec-20142.3000
 27-Dec-20131.0000

Contact Information

AMC: Invesco Asset Management (India) Pvt. Ltd

Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013

Phone: 022-67310000 / 1800-209-0007

Fax: 022-23019422

Email: [email protected]

Website: www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM