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4 star

Invesco India Tax Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.31 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.71 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 3.87 0.76 -0.06 6.47 21.39 30.80 21.68 9.34 15.38 17.54 14.32
S&P BSE 500 TRI 4.94 0.81 0.32 6.53 24.47 35.29 22.28 9.04 16.17 15.26 11.50
Equity: ELSS 4.61 0.68 -0.22 6.27 22.99 32.74 19.39 6.55 14.33 15.59 12.18
Rank within category 30 15 15 18 26 27 12 6 10 4 2
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 20-Jan-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 21.68 9.34 15.38 2.31 1,386
Axis Long Term Equity Fund
4 star
Dec-09 20.84 11.62 16.32 1.62 27,181
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 19.13 8.25 16.18 1.85 7,425
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 26.20 11.96 21.36 1.86 5,489
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 16.52 6.77 15.02 2.04 2,481

Best & Worst Performance

Best (Period) Worst (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 10.98 22.03 0.28 0.31 0.95 0.67
S&P BSE 500 TRI 10.60 22.83 0.26 0.30 -- --
Equity: ELSS 7.85 22.37 0.14 0.16 0.95 -2.47
Rank within category 6 15 6 7 16 6
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-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 40
Top 10 Stocks (%) 53.64
Top 5 Stocks (%) 37.69
Top 3 Sectors (%) 50.55
Portfolio P/B Ratio 4.17
Portfolio P/E Ratio 35.55

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,19,807 1,14,833
Giant (%) 51.37 51.95
Large (%) 13.23 15.52
Mid (%) 26.44 24.52
Small (%) 8.96 8.19
Tiny (%) -- 0.18

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 HDFC Bank Financial 26.78 10.67 8.38 9.83
up Infosys Technology 30.68 9.76 0.00 9.76
up ICICI Bank Financial 27.33 8.46 4.10 7.84
down Reliance Industries Energy 34.06 11.49 3.02 5.70
equal Kotak Mahindra Bank Financial 41.21 6.32 0.00 4.56
equal Hindustan Unilever FMCG 78.98 4.82 0.00 4.40
up L&T Technology Services Engineering 40.35 3.03 0.00 3.03
down Bharti Airtel Communication -- 3.99 0.00 2.90
new Axis Bank Financial 58.29 4.00 0.00 2.86
up Bajaj Auto Automobile 24.72 2.76 0.00 2.76
up Whirlpool Cons Durable 101.01 2.70 0.00 2.70
up Tech Mahindra Technology 24.74 2.56 0.00 2.56
equal SBI Cards & Payments Services Financial 84.03 2.53 0.00 2.14
up Vinati Organics Chemicals 46.67 2.18 0.00 2.04
equal TCI Express Ltd. Services 51.70 2.00 0.00 1.94
equal United Spirits FMCG 248.04 4.17 1.33 1.86
equal Shree Cement Construction 50.83 2.03 0.00 1.86
equal Titan Company Cons Durable 192.87 2.88 1.35 1.72
equal Gland Pharma Healthcare 48.06 1.71 0.00 1.71
up Can Fin Homes Financial 16.28 1.72 0.00 1.71
equal SBI Life Insurance Company Financial 55.65 2.19 0.00 1.68
equal Indraprastha Gas Energy 39.14 1.86 0.00 1.66
equal Gujarat Gas Chemicals 26.07 2.20 0.00 1.52
equal Aditya Birla Fashion and Retail Services -- 2.67 0.89 1.47
new Dr. Reddy's Lab Healthcare 52.51 1.46 0.00 1.46

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-Dec-2020

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:


0.76%

Change from previous, NAV as on 20-Jan-2021

Growth: ₹ 66.3400

Dividend: ₹ 22.0300


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
Exit Load 0

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 29-Dec-2006
Return Since Launch: 14.39%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1,386 Cr (As on 31-Dec-2020)
Expense: 2.31% (As on 30-Nov-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 70.00%

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: 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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