Invesco India Tax Plan - Growth - Latest NAV ₹49.17, Returns, Performance & Portfolio

Invesco India Tax Plan - Growth

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    6.52%
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    (--0.4)49.17

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  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
Returns after tax i
4.2%8.00%10.80%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%4.00%6.80%
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years11.36%
5 Years6.52%
3 Years4.21%
1 Year-2.29%
6 Months-7.05%
Fund Details
ISININF205K01270
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV49.17
Exit Load--

More about this fundstar

Top HoldingsWeightage
Reliance Industries Ltd9.97%
HDFC Bank Ltd9.59%
Infosys Ltd7.06%
ICICI Bank Ltd6.18%
Kotak Mahindra Bank Ltd5.24%
Hindustan Unilever Ltd4.7%
Housing Development Finance Corp Ltd3.65%
Bharti Airtel Ltd3.49%
Maruti Suzuki India Ltd2.7%
Apollo Hospitals Enterprise Ltd2.47%

About Invesco India Tax Plan

Invesco India Tax Plan is an open ended equity linked saving scheme. It has a statutory lock in of 3 years and provides tax benefits Section 80C of the Income Tax Act up to Rs. 1.50 lakh. The fund aims to grow investors’ wealth over the long run by predominantly investing in equity & equity related instruments. However, the scheme does not guarantee assured returns due to presence of market risks.

Pros & Cons of Invesco India Tax Plan

Invesco India Tax Plan offers the following benefits: 1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds) 2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility. 3. Being a star-rated fund, it has been able to deliver exceptionally higher returns than the benchmark and the category in 1 year, 5 year and 10 year period respectively.

Fund Information and Statistics of Invesco India Tax Plan

i) Inception / Launch date

Invesco India Tax Plan was launched on 20 March 2006 by Invesco Mutual Fund.

ii) Risk level

Being a multi-cap fund, Invesco India Tax Plan is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr. Amit Ganatra and Mr. Dhimant Kothari, who holds a rich experience of fund management with prestigious fund houses, has been managing the Invesco India Tax Plan since March 2018.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in Invesco India Tax Plan

Tax benefits of investing in Invesco India Tax Plan

Invesco India Tax Plan has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About Invesco Mutual Fund

Invesco Mutual Fund offers mutual funds and sub-advised portfolios to fulfill financial needs of investors, companies and institutions. A focused team of professionals manage the portfolio to attain optimum risk-adjusted returns. It follows a sustainable business model which incorporates the business dynamics to deliver financial care and world class service.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns