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Invesco India Tax Plan


1 Lakh

Investment Grown to
₹ 1.40 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.24 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 4.25 -1.59 -0.21 1.69 6.13 17.87 17.74 11.90 9.28 16.39 14.33
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
Equity: ELSS 0.71 -1.71 -0.80 -1.99 2.45 13.26 12.69 7.93 7.17 13.39 11.43
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 & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.73 12.72 0.56 0.78 0.97 1.06
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
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

Asset Allocation (%)

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Concentration & Valuation

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

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,12,828 90,653
Giant (%) 59.94 50.67
Large (%) 6.99 15.11
Mid (%) 26.19 25.96
Small (%) 6.87 8.61
Tiny (%) -- 0.26

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
up HDFC Bank Financial 25.23 9.88 6.52 8.51
up Reliance Industries Energy 21.12 9.24 0.00 8.10
equal ICICI Bank Financial 36.13 8.46 3.81 7.95
equal HDFC Financial 18.18 8.77 0.00 6.81
equal Infosys Technology 20.72 7.16 0.00 5.13
up Kotak Mahindra Bank Financial 36.78 6.68 0.00 4.02
equal Axis Bank Financial 42.77 4.00 0.00 3.35
equal Hindustan Unilever FMCG 70.51 3.38 0.00 2.97
down Maruti Suzuki India Automobile 31.60 8.57 0.00 2.79
up Bajaj Finance Financial 53.00 2.73 0.00 2.73
equal Ultratech Cement Construction 35.94 2.67 0.00 2.41
equal Apollo Hospitals Healthcare 77.96 2.24 0.00 2.24
up Bharti Airtel Communication -- 2.90 0.00 1.93
up TCI Express Ltd. Services 37.37 1.87 0.00 1.87
down VIP Industries Chemicals 49.57 2.85 0.78 1.82
equal United Spirits FMCG 70.50 4.17 0.00 1.80
down Coromandel International Chemicals 19.41 2.70 0.00 1.69
new Vinati Organics Chemicals 30.47 1.64 0.00 1.64
equal Titan Company Cons Durable 75.89 2.88 0.00 1.63
equal Mphasis Technology 15.05 3.03 0.00 1.62
equal Hexaware Technologies Technology 16.87 2.05 0.00 1.62
equal Aditya Birla Fashion and Retail Services 108.90 2.67 0.89 1.57
equal Cholamandalam Invest. & Fin. Financial 20.01 2.05 0.00 1.52
up TVS Motor Co. Automobile 30.17 1.48 0.00 1.48
up ICICI Lombard General Insurance Financial 51.93 1.40 0.00 1.40

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-2020

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:


-1.59%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 55.8800

Dividend: ₹ 18.5500


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: 29-Dec-2006
Return Since Launch: 13.96%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
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
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-20142.1000
 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: 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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM