Invesco India Tax Plan is an Open-ended, ELSS category fund launched in 2006 by Invesco Mutual Fund. The fund manager name is Amit Ganatra. The risk in this fund is below average but the returns are above average. In this article, we will do a detailed analysis of the Invesco India Tax Plan, we will dig deep into its AUM, NAV Returns & more.
Invesco India Tax Plan Ranking
Background of Invesco India Tax Plan
| Name of Fund |
Invesco India Tax Plan |
| Type of Fund ( Open / Close) |
Open-ended |
| Category of Fund |
Equity: ELSS |
| Fund Manager |
Amit Ganatra |
| Launch Date |
1-Dec-2006 |
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Invesco India Tax Plan Performance
| Risk Grade |
Below Average |
| Return Grade |
Above Average |
| NAV (as on current Date) |
Rs. 48.70 as on Dec 14, 2018 |
| Net Asset (as on current date) |
Rs. 668.2 crore as on Nov 30, 2018 |
Portfolio Characteristics
| Total Stock/Securities |
39 |
| Total Bonds |
|
| Avg Market Cap (in cr) |
96102 |
| Portfolio P/B Ratio |
3.86 |
| Portfolio P/E Ratio |
26.02 |
| 3Y Earning Growth (%) |
12.31 |
| Average Matuarity |
|
| Avg 52 Week High |
|
| Avg 52 Week Low |
|
| Average Credit Rating |
|
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Invesco India Tax Plan Composition
| Equity |
97.30% |
| Debt |
0.00% |
| Cash |
2.70% |
| Debentures |
|
| Bonds |
|
| NON Converitbles |
|
| Zero Coupons |
|
| Bonds (short term) |
|
| Repo |
|
Invesco India Tax Plan Risk Analysis
| Standard Deviation |
15.27 |
| Sharpe Ratio |
0.39 |
| Beta |
0.99 |
| R Square |
0.97 |
| Alpha |
-0.3 |
Invesco India Tax Plan NAV – Yearly
| 2018 |
48.7 |
| 2017 |
49.6 |
| 2016 |
36.54 |
| 2015 |
35.33 |
| 2014 |
33.39 |
| 52 Week High (NAV) |
55.97 |
| 52 Week Low (NAV) |
45.31 |
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Invesco India Tax Plan Returns – Yearly
| 2018 |
-1.810% |
| 2017 |
35.740% |
| 2016 |
3.420% |
| 2015 |
5.810% |
| 2014 |
54.300% |
Invesco India Tax Plan AUM
| 2018 |
600 |
| 2017 |
485 |
| 2016 |
327 |
| 2015 |
254 |
| 2014 |
205 |
Tax Plan Expense Ratio
| 2018 |
– |
| 2017 |
2.750% |
| 2016 |
2.740% |
| 2015 |
2.780% |
| 2014 |
2.830% |
Invesco India Tax Plan Quarterly Returns
| 2018 Q1 |
-4.800% |
| 2018 Q2 |
5.420% |
| 2018 Q3 |
-1.270% |
| 2018 Q4 |
– |
|
|
| 2017 Q1 |
11.880% |
| 2017 Q2 |
4.430% |
| 2017 Q3 |
4.570% |
| 2017 Q4 |
11.110% |
|
|
| 2016 Q1 |
-4.300% |
| 2016 Q2 |
7.870% |
| 2016 Q3 |
6.540% |
| 2016 Q4 |
-5.900% |
|
|
| 2015 Q1 |
7.880% |
| 2015 Q2 |
-1.670% |
| 2015 Q3 |
0.230% |
| 2015 Q4 |
-0.030% |
|
|
| 2014 Q1 |
6.100% |
| 2014 Q2 |
21.560% |
| 2014 Q3 |
11.680% |
| 2014 Q4 |
7.120% |
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Weightage by Sector
| 1 |
Financial (34.36%) |
| 2 |
Energy (15.06%) |
| 3 |
Technology (11.50%) |
| 4 |
Automobile (8.61%) |
| 5 |
Services (6.22%) |
| 6 |
FMCG (4.85%) |
| 7 |
Construction (3.90%) |
| 8 |
Healthcare (3.39%) |
| 9 |
Chemicals (2.41%) |
| 10 |
Cons Durable (2.83%) |
Weightage by Securities Holding
| 1 |
HDFC Bank (8.92%) |
| 2 |
Reliance Industries(7.27%) |
| 3 |
Infosys (6.46%) |
| 4 |
HDFC(5.92%) |
| 5 |
ICICI Bank (5.70%) |
| 6 |
Indusind Bank (4.43%) |
| 7 |
Kotak Mahindra Bank (4.34%) |
| 8 |
Maruti Suzuki India (4.29%) |
| 9 |
Larsen & Toubro (3.90%) |
| 10 |
Gujarat State Petronet (2.76%) |
Investment Information
| AMC |
Invesco Asset Management (India) Pvt. Ltd |
| Registrar |
Karvy Fintech Pvt Ltd. |
| Minimum Investment |
500 |
| Minimum SIP Investment |
500 |
| Exit Load |
NIL |
Conclusion:
“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.”
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