Last year was a halt in an otherwise upward trajectory of Invesco India Tax Plan. But the fund didn't make investors wait too long. In H1-2023, it has rebounded swiftly and sharply, delivering alpha of 4 per cent over the benchmark while also staying ahead of an average peer by 2 per cent. Reasons for the comeback The fund has benefited immensely from the dream run in stocks like Kei Industries and Cholamandalam Investment & Finance since the onset of 2023. Further, its opportunistic play in CIE Automotive has been an icing on the cake. It bought the stock in April and has earned more than 40 per cent in just last three months. Among the long-term holdings, ICICI Bank, Titan and Ultratech Cement have done well. Looking at the portfolio, many new stocks have made an entry, while some stocks have made an exit too, over the last
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