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4 star

Invesco India Tax Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.38 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.77 Lakh

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.

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 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.

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(₹)
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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 4.99 -2.81 -2.29 6.41 13.03 27.83 25.30 11.45 17.28 17.65 15.18
S&P BSE 500 TRI 6.05 -3.10 -2.00 7.93 14.21 30.70 34.31 11.12 17.54 15.55 12.49
Equity: ELSS 6.29 -2.74 -1.85 7.75 13.93 29.24 28.45 8.96 16.04 15.82 13.26
Rank within category 28 19 30 31 25 26 22 9 13 6 2
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 26-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Tax Plan  | Invest Online
4 star
Dec-06 25.30 11.45 17.28 2.12 1,377
Axis Long Term Equity Fund
4 star
Dec-09 23.36 13.67 17.37 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 31.42 11.91 18.43 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 39.63 15.26 23.31 1.83 5,648
UTI Long Term Equity Fund  | Invest Online
4 star
Dec-99 30.07 10.65 15.93 2.12 1,641

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 18.99 27-Oct-2008 - 04-Nov-2008 -18.24 16-Mar-2020 - 23-Mar-2020
Month 29.86 11-May-2009 - 10-Jun-2009 -35.82 20-Feb-2020 - 23-Mar-2020
Quarter 66.19 09-Mar-2009 - 10-Jun-2009 -34.22 28-Jul-2008 - 27-Oct-2008
Year 119.32 09-Mar-2009 - 11-Mar-2010 -52.02 14-Jan-2008 - 13-Jan-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.77 22.05 0.23 0.26 0.95 0.77
S&P BSE 500 TRI 9.24 22.86 0.20 0.24 -- --
Equity: ELSS 7.30 22.40 0.12 0.14 0.95 -1.73
Rank within category 8 14 7 9 16 8
Number of funds in category 35 35 35 35 35 35

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

As on 31-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 39
Top 10 Stocks (%) 52.60
Top 5 Stocks (%) 36.70
Top 3 Sectors (%) 51.33
Portfolio P/B Ratio 3.84
Portfolio P/E Ratio 31.56

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,14,484 1,10,550
Giant (%) 53.53 52.11
Large (%) 12.00 15.12
Mid (%) 24.97 24.30
Small (%) 9.49 8.62
Tiny (%) -- 0.47

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 Infosys Technology 28.69 9.76 0.00 9.69
equal HDFC Bank Financial 27.56 10.67 8.38 9.58
equal ICICI Bank Financial 28.01 8.46 4.10 7.92
equal Reliance Industries Energy 33.35 11.49 3.02 5.32
equal Hindustan Unilever FMCG 68.40 4.82 0.00 4.19
equal Kotak Mahindra Bank Financial 37.95 6.32 0.00 3.94
up Axis Bank Financial 74.19 4.00 0.00 3.33
down L&T Technology Services Engineering 40.02 3.03 0.00 2.96
down Bharti Airtel Communication -- 3.99 0.00 2.93
down Bajaj Auto Automobile 23.60 2.76 0.00 2.74
equal Whirlpool Cons Durable 97.42 2.70 0.00 2.64
equal Tech Mahindra Technology 21.42 2.56 0.00 2.54
equal SBI Cards & Payments Services Financial 112.61 2.53 0.00 2.49
equal Vinati Organics Chemicals 52.85 2.18 0.00 2.07
equal TCI Express Ltd. Services 46.25 2.00 0.00 1.92
equal United Spirits FMCG 166.48 4.17 1.33 1.88
equal Shree Cement Construction 47.27 2.03 0.00 1.77
equal Indraprastha Gas Energy 31.70 1.86 0.00 1.71
equal Can Fin Homes Financial 14.34 1.72 0.00 1.66
equal SBI Life Insurance Company Financial 59.63 2.19 0.00 1.62
equal Titan Company Cons Durable 165.39 2.88 1.35 1.57
down Gland Pharma Healthcare 50.80 1.71 0.00 1.55
equal Minda Industries Automobile 196.51 1.55 0.00 1.55
equal Kajaria Ceramics Construction 65.35 1.53 0.00 1.53
equal United Breweries FMCG 531.01 3.11 1.02 1.49

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-Jan-2021

Fund Manager

— Amit Nigam since 03-Sep-2020

Education: Mr. Nigam is BE from IIT, Roorkee and PGDBM from IIM, Indore.

Experience: Prior to joining Invesco Mutual Fund, he has worked with Essel Finance AMC Ltd., BNP Paribas Asset Management India Pvt. Ltd.

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:


-2.81%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 67.0600

Dividend: ₹ 20.0200


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 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 29-Dec-2006
Return Since Launch: 14.37%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1,377 Cr (As on 31-Jan-2021)
Expense: 2.12% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 65.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-Feb-20212.3000

 20-Dec-20191.6823
 18-Jan-20191.7708
 12-Jan-20182.2000
 29-Dec-20162.0000
 18-Dec-20152.0000
 31-Dec-20142.1000
 27-Dec-20130.9000
 30-Mar-20110.7500
 20-Jan-20112.0000
 25-Nov-20091.0000
 28-Jan-20081.5000

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: http://www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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