MonitorDirect · GrowthWatch before adding
Invesco India ELSS Tax Saver Fund
Invesco Mutual FundEquity Schemes - ELSS- Tax Saver Fund13.8 years
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.
- NAV
- 143.94
- 29 Oct 2026
- 1Y
- -6.3%
- Trailing CAGR
- AUM
- ₹2,597.52 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 65% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer WhiteOak Capital ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.20% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -35.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
65% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Depesh Kashyap · 1.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 25.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 36%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-6.3%
- 3Y+11.6%
- 5Y+8.6%
- 10Y+13.3%
- SI+15.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+0.8%
- 3Y+2.8%
- 5Y+9.2%
- 10Y+12.8%
- Since inception
- +15.4%
- Calendar-day CAGR
- Excess 1Y
- -0.7%
- Category median, same plan and option
- 3Y win rate
- +65%
- Windows beating the median
- 3Y percentile
- 42
- Vs comparable share classes
- SIP 3Y XIRR
- +2.8%
- Simulated monthly SIP
- Worst rolling 3Y
- -2.0%
- 2653 daily-ending windows
- Median rolling 3Y
- +16.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2160 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -35.8%
- Worst peak-to-trough
- Current
- -8.0%
- Below last peak
- Current spell
- 687 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 165 recovered episodes
- Longest recovery
- 390 days
- Trough to prior peak
19 Feb 2020 – 9 Nov 2020
Trough 23 Mar 2020 · recovered in 231 days
-35.8%
17 Jan 2022 – 12 Jul 2023
Trough 20 Jun 2022 · recovered in 387 days
-22.5%
11 Dec 2024 – open
Trough 31 Mar 2026 · not recovered
-20.5%
19 Aug 2015 – 4 Jul 2016
Trough 25 Feb 2016 · recovered in 130 days
-18.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
42
Vs category
46
Consistency
60
Risk-adjusted
57
Drawdown
10
Mean
43
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 65% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 78 holdings · top 10 are 25.3%.
- Top 5
- 15.4%
- Top 10
- 25.3%
- Largest holding
- 5.1%
- Effective holdings
- 60.9
HDFC Bank Ltd
Financial
5.1%
ICICI Bank Ltd
Financial
3.5%
Jyoti CNC Automation Ltd.
Industrials
2.5%
Divi's Laboratories Ltd
Healthcare
2.2%
Axis Bank Ltd
Financial
2.1%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
18 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
17 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.1%
- 3Y
- +15.8%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.79
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC ELSS Tax saver Fund
HSBC Mutual Fund
- 1Y
- -2.9%
- 3Y
- +15.4%
- Vol
- 15.4%
- Max DD
- -19.2%
- Sharpe
- 0.59
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BANK OF INDIA ELSS TAX SAVER FUND
Bank of India Mutual Fund
- 1Y
- -2.8%
- 3Y
- +12.4%
- Vol
- 16.4%
- Max DD
- -31.7%
- Sharpe
- 0.66
- 3Y win
- +73%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- -3.7%
- 3Y
- n/a
- Vol
- 13.1%
- Max DD
- -13.5%
- Sharpe
- 0.13
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Canara Robeco ELSS - Tax Saver Fund
Canara Robeco Mutual Fund
- 1Y
- -5.1%
- 3Y
- +11.6%
- Vol
- 15.4%
- Max DD
- -34.3%
- Sharpe
- 0.59
- 3Y win
- +38%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns