Invesco India ELSS Tax Saver Fund
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.
Growthvine rating: 3/5 — ranked #26 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹115.95 (as of 2026-10-23) |
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| AUM | ₹2,597 Cr |
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| Expense ratio | 1.70% |
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| Riskometer | Very High |
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| Fund manager | Depesh Kashyap |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 7.91% |
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| Sharpe ratio | 0.33 |
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| Standard deviation | 16.93% |
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| Max drawdown | −59.03% |
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| Alpha | 0.88 |
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| Beta | 1.03 |
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Over 5 years, captured 101.0% of Nifty 500's upside and 108.9% of its downside.
Market cap allocation
| Large cap | 39.4% |
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| Mid cap | 22.0% |
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| Small cap | 38.6% |
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Concentration
| Top 5 holdings | 15.4% |
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| Top 10 holdings | 25.3% |
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| Total holdings | 76 |
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| Index overlap | 32.0% |
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| Active share | 68.0% |
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Top holdings
- HDFC Bank Ltd. — 5.1%
- ICICI Bank Ltd. — 3.5%
- Jyoti CNC Automation Limited — 2.5%
- Divis Laboratories Ltd. — 2.2%
- AXIS Bank Ltd. — 2.1%
- Eternal Limited — 2.0%
- InterGlobe Aviation Limited — 2.0%
- Kotak Mahindra Bank Ltd. — 2.0%
- Multi Commodity Exchange of India Ltd — 1.9%
- Mrs. Bectors Food Specialities Limited — 1.9%
Top sectors
- Banking & Financial — 24.6%
- Automobile — 10.0%
- Retail — 9.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −6.8% | Q2 | #21 of 52 |
| 2025 | −2.8% | Q4 (Bottom) | #46 of 51 |
| 2024 | 25.2% | Q1 (Top) | #9 of 51 |
| 2023 | 30.9% | Q2 | #20 of 48 |
| 2022 | −7.7% | Q4 (Bottom) | #42 of 43 |