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:
|S&P BSE 500 TRI||-1.15||-2.01||-1.35||-3.30||0.86||11.31||10.62||9.51||7.81||12.61||10.65|
|Rank within category||2||11||3||2||2||4||6||4||5||1||1|
|Number of funds in category||32||32||32||32||32||31||30||28||25||23||22|
As on 24-Feb-2020
|Best (Period)||Worst (Period)|
|Week||18.99 (27-Oct-2008 - 04-Nov-2008)||-16.45 (15-Jan-2008 - 22-Jan-2008)|
|Month||29.86 (11-May-2009 - 10-Jun-2009)||-30.72 (26-Sep-2008 - 27-Oct-2008)|
|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)|
|S&P BSE 500 TRI||11.88||12.82||0.48||0.72||--||--|
|Rank within category||8||15||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-Jan-2020
|Number of Stocks||42|
|Top 10 Stocks (%)||52.36|
|Top 5 Stocks (%)||36.50|
|Top 3 Sectors (%)||56.83|
|Portfolio P/B Ratio||4.39|
|Portfolio P/E Ratio||30.54|
|Average Mkt Cap (Rs Cr)||1,12,828||90,653|
|Company||Sector||P/E||3Y High||3Y Low||% Assets|
|Kotak Mahindra Bank||Financial||36.78||6.68||0.00||4.02|
|Maruti Suzuki India||Automobile||31.60||8.57||0.00||2.79|
|TCI Express Ltd.||Services||37.37||1.87||0.00||1.87|
|Titan Company||Cons Durable||75.89||2.88||0.00||1.63|
|Aditya Birla Fashion and Retail||Services||108.90||2.67||0.89||1.57|
|Cholamandalam Invest. & Fin.||Financial||20.01||2.05||0.00||1.52|
|TVS Motor Co.||Automobile||30.17||1.48||0.00||1.48|
|ICICI Lombard General Insurance||Financial||51.93||1.40||0.00||1.40|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2020
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.
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.
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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.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Fund House:||Invesco Mutual Fund|
|Return Since Launch:||13.96%|
|Benchmark:||S&P BSE 200 TRI|
|Assets:||₹ 1,026 Cr (As on 31-Jan-2020)|
|Expense:||2.32% (As on 31-Jan-2020)|
|Risk Grade:||Below Average|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
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
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]