Rating: ★ ★ ★ ★ ★

Invesco India Tax Plan - Direct Plan - Growth

Equity

  

ELSS Fund

NAV

48.44 + 0.96

as on (27 May, 2020)

RETURNS

1.94 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

1.35 %

Benchmark

S&P BSE 200 India TR INR

Asset Size

930.37 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.

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Fund manager

Amit Ganatra

(since 29 Mar, 2018)

Exit load

N / A

Minimum sip

₹ 500

minimum investment

₹ 500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

8.92 %

Reliance Industries Ltd

7.27 %

Infosys Ltd

6.46 %

Housing Development Finance Corp Ltd

5.92 %

Sector Allocation

About the Scheme Type

ELSS Fund

ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.

Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

★ ★ ★ ★ ★

Overview of Invesco Asset Management (India) Private Ltd

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