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Invesco India Tax Plan


1 Lakh

Investment Grown to
₹ 1.44 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.08 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 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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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 8.86 1.25 9.92 9.37 12.97 10.29 13.68
S&P BSE 200 TRI 9.52 1.72 8.77 10.63 13.88 9.66 10.43
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 10.98
Rank within category 13 19 4 15 10 7 1
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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 12.68 12.99 0.53 0.79 0.96 -0.18
S&P BSE 200 TRI 13.76 12.78 0.63 1.00 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 11 12 10 11 21 10
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 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 40
Top 10 Stocks (%) 55.03
Top 5 Stocks (%) 37.30
Top 3 Sectors (%) 58.92
Portfolio P/B Ratio 4.35
Portfolio P/E Ratio 31.17

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 1,34,641 3,01,056 96,702
Giant (%) 64.43 64.44 52.39
Large (%) 6.36 20.06 15.16
Mid (%) 23.61 15.30 24.27
Small (%) 5.61 0.21 8.53
Tiny (%) -- -- 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 29.57 9.88 6.52 8.85
up Reliance Industries Energy 23.90 9.24 0.00 8.79
up ICICI Bank Financial 67.66 8.14 3.81 8.14
equal HDFC Financial 33.50 8.77 0.00 6.80
equal Tata Consultancy Services Technology 23.99 5.55 0.00 4.72
equal ITC FMCG 21.38 4.61 0.00 4.08
equal Larsen & Toubro Construction 19.37 6.72 0.00 3.98
up Kotak Mahindra Bank Financial 39.32 6.68 0.00 3.52
equal Hindustan Unilever FMCG 65.92 3.38 0.00 3.11
up Axis Bank Financial 47.71 4.00 0.00 3.04
equal Ultratech Cement Construction 36.68 2.67 0.00 2.44
equal Bajaj Finance Financial 49.61 2.54 0.00 2.08
equal VIP Industries Chemicals 51.75 2.85 0.78 1.87
equal United Spirits FMCG 57.90 4.17 0.00 1.85
equal Apollo Hospitals Healthcare 56.46 1.92 0.00 1.78
down Bharti Airtel Communication 2.90 0.00 1.74
equal Sanofi India Healthcare 40.54 1.80 0.00 1.73
equal Titan Company Cons Durable 73.35 2.88 0.00 1.68
equal Coromandel International Chemicals 18.02 2.70 0.00 1.65
equal Mphasis Technology 14.90 3.03 0.00 1.61
equal Aditya Birla Fashion and Retail Services 58.89 2.67 0.75 1.58
equal Hexaware Technologies Technology 16.96 2.05 0.00 1.58
equal Cholamandalam Invest. & Fin. Financial 20.32 2.05 0.00 1.52
equal United Breweries FMCG 70.71 3.11 0.89 1.39
equal ICICI Lombard General Insurance Financial 56.52 1.39 0.00 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 30-Nov-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:


0.81%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 53.3200

Dividend: ₹ 19.5900


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
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 977 Cr (As on 30-Nov-2019)
Expense: 2.23% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend18-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: 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

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM