INVESCO INDIA ELSS TAXSAVER FUND: The fund has seen its portfolio grow sharply from around 40 in December 2021 to 60 at present. It retains healthy positions in some of its top bets, but has shed its earlier preference for taking only positive active positions relative to the index. Should you invest?
In the past decade, the mutual fund industry has experienced an astounding growth of over six times, surging from approximately Rs 8 lakh crore in 2013 to an impressive Rs 50.8 lakh crore by the end of 2023, as per data released by AMFI (Association of Mutual Funds in India).
The flexi cap schemes are benchmarked against NIFTY 500 - TRI and S&P BSE 500 - TRI. NIFTY 500 - TRI and S&P BSE 500 - TRI gave 22.61% and 22.26% respectively in 2023.
According to the Scheme Information Document of the scheme, the investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity related instruments of up to 30 companies across market capitalization.
These actively-managed focused funds are benchmarked against NIFTY 500 - TRI and S&P BSE 500 - TRI. These benchmarks have offered 13.42% and 13.26% respectively in 2023.