Invesco India ELSS Tax Saver Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹138.1000 | -0.53% | — | — | — |
| Regular Growth | ₹115.6900 | -0.61% | -6.08% | +13.18% | +11.43% |
| Direct IDCW | ₹30.0200 | -0.53% | — | — | — |
| Regular IDCW | ₹22.6400 | -0.61% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Invesco India ELSS Tax Saver Fund hold?
Invesco India ELSS Tax Saver Fund holds 67 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.05% of NAV.
What is the largest holding in Invesco India ELSS Tax Saver Fund?
The largest position in Invesco India ELSS Tax Saver Fund is ICICI Bank Limited, accounting for 3.35% of NAV in the Banks sector.
Is Invesco India ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.217, Invesco India ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 16,824 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.05% of the portfolio.
What is the market cap allocation of Invesco India ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Invesco India ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 45.95%, Mid Cap: 23.55%, Small Cap: 25.09%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Invesco India ELSS Tax Saver Fund invest in most?
Invesco India ELSS Tax Saver Fund has the highest allocation to Banks (16.40%), Finance (7.86%), Retailing (6.78%). The fund is invested across 27 sectors in total.
How actively managed is Invesco India ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Invesco India ELSS Tax Saver Fund has an Active Share of 64.67%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Invesco India ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Invesco India ELSS Tax Saver Fund added 2 new stocks (including Mahindra & Mahindra Limited) and exited 2 stocks (including Balkrishna Industries Limited). Total holding count remained at 69 stocks.