Invesco India Tax Plan - Growth
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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 FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|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 years||15 years||3 years|
- Fund Summary
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- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|Reliance Industries Ltd||9.97%|
|HDFC Bank Ltd||9.59%|
|ICICI Bank Ltd||6.18%|
|Kotak Mahindra Bank Ltd||5.24%|
|Hindustan Unilever Ltd||4.7%|
|Housing Development Finance Corp Ltd||3.65%|
|Bharti Airtel Ltd||3.49%|
|Maruti Suzuki India Ltd||2.7%|
|Apollo Hospitals Enterprise Ltd||2.47%|
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.
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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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