Invesco ELSS Mutual Funds
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Invesco ELSS Mutual Funds: Investment Objectives
The investment objective of Invesco ELSS Mutual Fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities. The fund seeks to generate returns by investing in companies that have the potential to grow over the long term. The fund may also invest in debt and money market instruments to maintain liquidity.
Risks Involved in Invesco ELSS Mutual Fund
As with all investments, there is a risk associated with investing in an Invesco ELSS Mutual Fund. Before investing, get familiar with the Invesco ELSS Mutual Fund risks.
- Market Risk: The value of the fund's investments may go down due to market conditions, and investors may lose some or all of their original investment.
- Management Risk: The fund's investment performance depends on the manager's skill. If the fund manager does not perform well, the fund's return could suffer.
- Liquidity Risk: ELSS funds are long-term investments with a lock-in period of three years. It is only possible to sell or redeem the fund units after the lock-in period, so investors should be prepared to stay invested for the entire duration.
Return Potential of Invesco ELSS Mutual Fund
The Invesco ELSS mutual fund returns depend on various factors, including the fund's past performance, market conditions, and investment strategy. Generally, Invesco ELSS Mutual Fund schemes are considered higher-risk investments due to their equity exposure, but they can offer higher returns than other types of investments. Over the long term, equity-linked savings schemes have historically provided around 12-15% per annum returns. However, it is essential to note that past performance is not an indicator of future returns. Investors should know the risks associated with investing in the best Invesco ELSS mutual funds.
Who Should Invest in Invesco ELSS Mutual Fund?
Invesco ELSS mutual funds are best suited for investors looking for tax-saving options and who want to invest in equities. These mutual funds are ideal for investors with a moderate to high-risk appetite who are willing to take the risk of investing in the stock markets in exchange for the potential of higher returns.
Things To Consider Before Investing in Invesco ELSS Mutual Fund
Before investing in Invesco ELSS Mutual Funds, you should take certain things into account, including:
- Investment Objective: Before investing in Invesco ELSS Mutual Fund, it is essential to understand your investment objective. You should assess your risk appetite, financial goals and investment horizon to ensure that the fund meets your requirements.
- Investment Horizon: Invesco ELSS Mutual Fund is a long-term investment option and should be considered for investments with a minimum lock-in period of 3 years.
- Expense Ratio: Investors should consider the fund's expense ratio before investing. The expense ratio of the Invesco ELSS Mutual Fund is relatively high, so it is important to weigh this factor before investing.
- Investment Strategy: Invesco ELSS Mutual Fund follows an Equity Linked Savings Scheme (ELSS), a diversified portfolio of equity investments. Investors should understand the underlying investments and their respective risk profiles before investing.
- Past Performance: Investors should also consider the fund's past performance before investing. The fund has delivered above-average returns in the past, but it is essential to understand that past performance does not indicate future returns.
Tax on Invesco ELSS Mutual Fund
Invesco ELSS, mutual fund schemes, are Equity Linked Savings Schemes (ELSS) offered by Invesco Mutual Fund. These schemes offer tax benefits under Section 80C of the Income Tax Act 1961. Investors in these schemes are eligible for a tax deduction of up to Rs 1.5 lakhs in a financial year. The dividend distribution tax is applicable at the rate of 10%, while the long-term capital gains tax is applicable at the rate of 10% on gains exceeding Rs 1 lakh. However, if the gains are at most Rs 1 lakh, then no tax is applicable.
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