INVESCO India Tax Plan * Return since Launch: 13.63% Invest Now

Invesco India Tax Plan Overview

Invesco India Tax Plan is an open-ended equity ELSS fund. This fund is managed by Mr. Amit Ganatra. Invesco India Tax Plan is launched on 29th December 2006. The benchmark of Invesco India Tax Plan is S&P BSE 200 TRI. You can invest in both Invesco India Tax Plan Growth and Invesco India Tax Plan Dividend way but it is advisable to invest in Invesco India Tax Plan Growth for better return. The asset size of Invesco India Tax Plan is Rs.839 cr. (as on 30th April 2019). The expense ratio of Invesco India Tax Plan Regular is 2.44% (as on 30th April 2019). The minimum investment of Invesco India Tax Plan is Rs.500. You can save your tax by investing in ELSS Mutual Fund Under section 80C. You also can invest in Mutual Fund online by just clicking a button. Invesco India Tax Plan has 94.5% investment in Indian stocks of which 63.01% in the large cap stocks, 21.65% in mid cap stocks and 9.4% in small cap stocks. Investors who want to invest in Mutual Fund and also want to save tax at same time they can invest in Invesco India Tax Plan. Investors also should be ready for moderate losses.

Eligibility criteria of Invesco India Tax Plan

  • Adult citizens residing in India.
  • Minor through legal guardians/parents.
  • Limited liability partnership.
  • Religious and charitable trusts.
  • Banking and financial institutions
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • The Karta of Hindu Undivided Family (HUF)
  • Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Invesco India Tax Plan

KYC Documents:

  • PAN Card
  • Adhaar Card
  • Voter’s ID
  • Passport Size Photo
  • Download the KYC form
  • The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Invesco India Tax Plan

  • Small investment option.
  • Well organized investment.
  • Quick purchase and sell option.
  • You can track your investment.
  • You can invest in either SIP or lump sum way.
  • Invesco India Tax Plan is managed by experienced professionals.
  • Invesco India Tax Plan gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
  • All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
*Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.