Invesco India Tax Plan mutual fund review: Tax saving ELSS with healthy long-term track record

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW THE FUND HAS PERFORMED

WHERE THE FUND INVESTS

BASIC FACTS
WHAT IT COSTS
NAV(As on 18 January 2022)

• Growth option: Rs 87.49
• IDCW: Rs 23.54
• Minimum Investment: Rs 500
• Minimum SIP Amount: Rs 500
• Expense Ratio (As on 30 November 2021) (%): 2.09
• Exit Load: 0

FUND MANAGERS
Amit Nigam and Dhimant Kothari
Tenure: 1 Year, 3 Months and 3 Years, 9 Months

Top 5 sectors in portfolio (%)

Top 5 stocks in portfolio (%)

Recent portfolio changes

• New Entrants: Bharti Airtel, PB Fintech, Radico Khaitan, Tata Motors, Anand Rathi Wealth, Jubilant FoodWorks, Kajaria Ceramics.
• Complete Exits: Indian Railway Catering & Tourism Corporation, RBL Bank, Tata Steel, HDFC AMC
• Increasing allocation: Indraprastha Gas, Axis Bank, Bajaj Finance, Cholamandalam Investment, Gujarat Gas, HDFC Bank, Honeywell Automation, ICICI Bank, Motherson Sumi, Bajaj Finance, Bharti Airtel, Gujarat Gas.

How risky is it?
Source: Value Research

Should you buy?
This tax-saving fund takes a large-cap tilt like many of its category peers. However, it currently takes sizeable exposure in mid-and small-caps as well. The fund runs a very compact portfolio, which also allows it to take large positions in its top bets. It also prefers taking only positive active positions relative to index. The fund enjoys a healthy long-term track record marked by consistent outperformance. It also exhibits superior downside protection than most peers in its category, which puts it on a strong footing over the long term.