Invesco India ELSS Tax Saver Fund
Invesco Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
The fund remains heavily tilted toward financials, with banking stocks commanding over 16 percent of the portfolio, signaling conviction in rate cycles and credit growth. The manager's recent swap of auto component exposure for direct auto plays through M&M and Tata Motors suggests a tactical shift toward cyclical beneficiaries rather than suppliers. With modest cash allocation and concentrated top-10 holdings, the portfolio is positioned for continued domestic economic momentum while maintaining diversification across 69 securities.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹137.1400 | +1.52% | — | — | — | — | — |
| Regular Growth | ₹114.8900 | +1.43% | -4.46% | -8.86% | -5.30% | +12.95% | +11.27% |
| Direct IDCW | ₹29.8100 | +1.50% | — | — | — | — | — |
| Regular IDCW | ₹22.4800 | +1.40% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
67
Top 5 Weight
14.05%
Top 10 Weight
24.27%
Active Share
—
Large Cap
45.95%
Gini
0.217
What Changed2026-03-31 → 2026-04-30
Holdings: 69 → 69+2 added−2 removed33 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Mahindra & Mahindra Limited | 0.88% |
| Tata Motors Ltd | 0.48% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 3.35% |
| 2 | HDFC Bank Limited INE040A01034 | 3.19% |
| 3 | Axis Bank Limited INE238A01034 | 2.76% |
| 4 | Multi Commodity Exchange of India Limited INE745G01043 | 2.40% |
| 5 | Bajaj Finance Ltd INE296A01032 | 2.35% |
| 6 | Reliance Industries Limited INE002A01018 | 2.13% |
| 7 | Metro Brands Limited INE317I01021 | 2.04% |
| 8 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.03% |
| 9 | Larsen & Toubro Limited INE018A01030 | 2.03% |
| 10 | The Federal Bank Limited INE171A01029 | 1.99% |
| 11 | InterGlobe Aviation Limited INE646L01027 | 1.98% |
| 12 | Tube Investments Of India Limited INE974X01010 | 1.98% |
| 13 | Indiqube Spaces Limited INE06ST01018 | 1.96% |
| 14 | Coforge Limited INE591G01025 | 1.94% |
| 15 | Mrs. Bectors Food Specialities Ltd INE495P01020 | 1.92% |
| 16 | ZF Commercial Vehicle Control Systems India Limited INE342J01019 | 1.91% |
| 17 | Transformers And Rectifiers (India) Limited INE763I01026 | 1.88% |
| 18 | Eternal Limited INE758T01015 | 1.79% |
| 19 | Triparty Repo | 1.70% |
| 20 | Eicher Motors Limited INE066A01021 | 1.68% |
Sector Allocation
Banks16.4%
Finance7.9%
Retailing6.8%
IT - Software6.6%
Auto Components5.0%
Industrial Products4.9%
Automobiles4.4%
Healthcare Services4.2%
Pharmaceuticals & Biotechnology3.8%
Consumer Durables3.4%
Top 10 sectors by % to NAV. Excludes derivatives.