About Invesco India Tax Plan Direct-Growth
Invesco India Tax Plan Direct-Growth is a Tax Saver
mutual fund scheme from Invesco Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Amit Ganatra
and Dhimant Kothari
. It has an AUM of ₹961.89 Crores and the latest NAV decalared is ₹58.580 as on 15 Nov 2019 at 9:05 pm.
Invesco India Tax Plan Direct-Growth scheme return performance in last 1 year is 12.39%, in last 3 years is 53.43% and 195.86% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.