Invesco India ELSS Tax Saver Fund

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Value Research Rating

2 star

Analyst’s Choice

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Riskometer

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Very High

₹107.7400 0.36%

As on 23-Feb-2024

Returns

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Calculate SIP Returns of Invesco India ELSS Tax Saver Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of Invesco India ELSS Tax Saver Fund

Asset Allocation

Split between different types of investments

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Market Cap Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of Invesco India ELSS Tax Saver Fund

Assets info

₹2,517 Cr

Exit Load (Days) info

--

Min. Investment (₹)

500

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

500

Min. No of Cheques

12

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.

Suitability

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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.

Taxation

Capital Gains Taxation

  • 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.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for Invesco India ELSS Tax Saver Fund

Invesco India ELSS Tax Saver Fund is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.

Mutual funds can be bought directly from the website of the fund house. For instance, Invesco India ELSS Tax Saver Fund fund can be purchased from the website of Invesco Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of Invesco India ELSS Tax Saver Fund is ₹107.7400 as of 24-Feb-2024.

The AUM of Invesco India ELSS Tax Saver Fund Fund is ₹2,517 Cr as of 31-Jan-2024

The riskometer level of Invesco India ELSS Tax Saver Fund is Very High. See More

As of 31-Jan-2024, Invesco India ELSS Tax Saver Fund had invested 97.97% in Equity and 2.03% in Cash & Cash Eq. See More

Invesco India ELSS Tax Saver Fund is 17 years 2 months old. It has delivered 14.85% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
42.80%
16.91%
17.82%
15.25%
17.66%
14.85%

Yes, There is lock in period in Invesco India ELSS Tax Saver Fund.

The expense ratio of Invesco India ELSS Tax Saver Fund is 1.93.

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