Invesco India ELSS Tax Saver Fund vs Invesco India ESG Integration Strategy Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India ELSS Tax Saver Fund is an ELSS fund and Invesco India ESG Integration Strategy Fund is a Thematic fund. In the 3 years to 30-10-2026, Invesco India ELSS Tax Saver Fund (Direct) returned 11.3% a year and Invesco India ESG Integration Strategy Fund (Direct) returned 9.3% a year. Invesco India ELSS Tax Saver Fund charges 1.21% a year and Invesco India ESG Integration Strategy Fund 1.28% (Direct plans). Their portfolios overlap 42.4%: they hold 27 of the same securities.
Invesco India ELSS Tax Saver Fund
ELSS
- 3 year return
- 11.3%
- Expense ratio
- 1.21%
- NAV
- ₹143.26
Invesco India ESG Integration Strategy Fund
Thematic
- 3 year return
- 9.3%
- Expense ratio
- 1.28%
- NAV
- ₹17.98
Which is better, Invesco India ELSS Tax Saver or Invesco India ESG Integration Strategy? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India ELSS Tax Saver returned more over 5 years: 8.5% a year against 6.3%.
- Invesco India ELSS Tax Saver returned more over 3 years: 11.3% a year against 9.3%.
- Invesco India ELSS Tax Saver costs less: 1.21% a year against 1.28% (Direct plans).
- Invesco India ESG Integration Strategy swung less over 3 years: a standard deviation of 14.3% a year against 14.8%.
- Invesco India ELSS Tax Saver fell less in its worst fall since 22-03-2021: −22.5% against −22.8%.
- Invesco India ESG Integration Strategy holds more in large companies: 74.9% of the fund in large caps against 38.8%.
- Invesco India ELSS Tax Saver is the larger fund: ₹2,598 Cr against ₹360 Cr.
- Their portfolios overlap 42.4%: 27 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Invesco India ELSS Tax Saver Fund | Invesco India ESG Integration Strategy Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Invesco Mutual Fund |
| Category | ELSS | Thematic |
| AUM | ₹2,598 Cr (30-09-2026) | ₹360 Cr (30-09-2026) |
| NAV | ₹143.26 (Direct) | ₹17.98 (Direct) |
| Expense ratio (Direct) | 1.21% | 1.28% |
| Expense ratio (Regular) | 2.30% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 100 ESG TRI |
| Launch date | 29-12-2006 | 20-03-2021 |
| Minimum investment | Not available | Not available |
| Lock in | 3 years | None |
| Fund managers | Depesh Kashyap | Taher Badshah, Haresh Kapoor |
| Exit load | Nil | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Invesco India ELSS Tax Saver Fund (Direct) | −1.84% | −3.92% | +3.50% | −6.34% | +11.35% | +8.46% | +13.20% |
| Invesco India ESG Integration Strategy Fund (Direct) | +1.18% | −3.18% | +5.70% | −5.91% | +9.27% | +6.26% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 50 ELSS funds and the 235 Thematic funds, same plan type.
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: Year-wise Returns
| Year | ELSS Tax SaverInvesco India ELSS Tax Saver | ESG Integration StrategyInvesco India ESG Integration Strategy |
|---|---|---|
| 2026to date | −3.18% | −3.80% |
| 2025 | −1.73% | −1.79% |
| 2024 | +26.67% | +22.46% |
| 2023 | +32.41% | +26.24% |
| 2022 | −6.45% | −8.95% |
| 2021 | +34.21% | -- |
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Invesco India ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 641 of them, one for each trading day from 22-03-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Invesco India ELSS Tax Saver Fund (Direct)
Invesco India ESG Integration Strategy Fund (Direct)
BSE 500 TRI
to
Jun 2024Nov 2021
to
Nov 2024Apr 2022
to
Apr 2025Oct 2022
to
Oct 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India ELSS Tax Saver | 0.0 | 0.0 | 0.0 | 31.4 | 59.1 | 9.5 | 0.0 | 16.8% | 17.3% | 10.2% | 23.9% | 78% |
| Invesco India ESG Integration Strategy | 0.0 | 0.0 | 9.5 | 56.9 | 31.5 | 2.0 | 0.0 | 13.7% | 14.1% | 7.5% | 20.7% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 3.7 | 31.8 | 54.6 | 9.8 | 0.0 | 15.9% | 15.8% | 8.4% | 22.0% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 22-03-2021. Past returns do not promise future returns.
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-03-2021 to 30-10-2026: 68 instalments, ₹6,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India ELSS Tax SaverInvesco India ELSS Tax Saver Fund (Direct) | ₹6,80,000 | ₹8,85,784 | ₹2,05,784 | 9.3% |
| Invesco India ESG Integration StrategyInvesco India ESG Integration Strategy Fund (Direct) | ₹6,80,000 | ₹8,38,558 | ₹1,58,558 | 7.3% |
Invesco India ELSS Tax SaverInvesco India ELSS Tax Saver Fund (Direct)
Invesco India ESG Integration StrategyInvesco India ESG Integration Strategy Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India ELSS Tax Saver Fund (Direct) | Invesco India ESG Integration Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.34% | −5.91% |
| Standard deviation | 15.46% | 14.94% |
| Sharpe ratio | -0.75 | -0.75 |
| Sortino ratio | -1.00 | -1.01 |
| Maximum drawdown | −18.7% (31-03-2026) | −18.7% (30-03-2026) |
| Beta | 1.05 | 1.00 |
| Alpha | +1.92% | −0.10% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India ELSS Tax Saver Fund (Direct) | Invesco India ESG Integration Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.35% | +9.27% |
| Standard deviation | 14.75% | 14.27% |
| Sharpe ratio | 0.36 | 0.23 |
| Sortino ratio | 0.49 | 0.31 |
| Maximum drawdown | −20.6% (31-03-2026) | −22.3% (30-03-2026) |
| Beta | 1.00 | 0.98 |
| Alpha | +1.47% | −1.17% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India ELSS Tax Saver Fund (Direct) | Invesco India ESG Integration Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.46% | +6.26% |
| Standard deviation | 14.59% | 14.01% |
| Sharpe ratio | 0.18 | 0.03 |
| Sortino ratio | 0.24 | 0.04 |
| Maximum drawdown | −22.5% (20-06-2022) | −22.8% (20-06-2022) |
| Beta | 0.98 | 0.94 |
| Alpha | −0.15% | −0.76% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Invesco India ELSS Tax Saver Fund (Direct) | Invesco India ESG Integration Strategy Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.39% | +11.05% |
| Standard deviation | 15.32% | 13.71% |
| Sharpe ratio | 0.61 | 0.40 |
| Sortino ratio | 0.83 | 0.55 |
| Maximum drawdown | −35.8% (23-03-2020) | −22.8% (20-06-2022) |
| Beta | 0.94 | 0.92 |
| Alpha | +2.99% | +1.04% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Invesco India ELSS Tax Saver Fund (Direct)
Invesco India ESG Integration Strategy Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India ELSS Tax Saver Fund (Direct) | −22.5% | 17-01-2022 | 20-06-2022 | 12-07-2023 | 13 months | −8.4% |
| Invesco India ESG Integration Strategy Fund (Direct) | −22.8% | 17-01-2022 | 20-06-2022 | 04-09-2023 | 14 months | −10.1% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 22-03-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India ELSS Tax Saver Fund (Direct)
Invesco India ESG Integration Strategy Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India ELSS Tax Saver Fund (Direct)
Invesco India ESG Integration Strategy Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India ELSS Tax Saver Fund (Direct)
Invesco India ESG Integration Strategy Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India ELSS Tax Saver Fund (Direct) | 103% | 103% | 4.83% |
| Invesco India ESG Integration Strategy Fund (Direct) | 97% | 99% | 5.32% |
From month-end values since 22-03-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India ELSS Tax Saver Fund, September 2026; Invesco India ESG Integration Strategy Fund, September 2026
Holdings in common
- Overlap
- 42.4%
- Held by both
- 27
- Only in Invesco India ELSS Tax Saver
- 49
- Only in Invesco India ESG Integration Strategy
- 13
| Security | % of Invesco India ELSS Tax Saver | % of Invesco India ESG Integration Strategy |
|---|---|---|
| HDFC Bank Limited | 5.05% | 4.11% |
| ICICI Bank Limited | 3.55% | 6.74% |
| Divi's Laboratories Limited | 2.20% | 2.86% |
| Axis Bank Limited | 2.11% | 4.03% |
| Eternal Limited | 2.05% | 3.82% |
| InterGlobe Aviation Limited | 2.03% | 2.21% |
| Kotak Mahindra Bank Ltd | 1.96% | 3.22% |
| Bajaj Finance Ltd | 1.84% | 4.81% |
| Bharti Airtel Limited | 1.78% | 4.95% |
| Coforge Limited | 1.77% | 1.65% |
| ZF Commercial Vehicle Control Systems India Limited | 1.44% | 1.65% |
| Nuvama Wealth Management Ltd | 1.42% | 3.16% |
| CG Power and Industrial Solutions Limited | 1.35% | 2.49% |
| Jyoti CNC Automation Ltd | 2.51% | 1.34% |
| Chalet Hotels Limited | 1.34% | 1.42% |
| Honeywell Automation India Limited | 1.31% | 1.56% |
| Shriram Finance Limited | 1.25% | 2.50% |
| Cholamandalam Investment and Finance Company Limited | 1.18% | 2.39% |
| RBL Bank Limited | 1.10% | 1.53% |
| Tech Mahindra Limited | 1.09% | 3.38% |
| KFin Technologies Limited | 1.05% | 1.13% |
| Apollo Hospitals Enterprise Limited | 0.98% | 3.28% |
| Torrent Pharmaceuticals Limited | 0.94% | 3.28% |
| Infosys Limited | 0.93% | 3.45% |
| Multi Commodity Exchange of India Limited | 1.92% | 0.92% |
| BSE Limited | 0.82% | 1.98% |
| Oberoi Realty Limited | 0.70% | 1.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.4% means 42.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Invesco India ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Mrs. Bectors Food Specialities Ltd | 1.88% |
| Indiqube Spaces Limited | 1.77% |
| Metro Brands Limited | 1.65% |
| The Federal Bank Limited | 1.60% |
| Shaily Engineering Plastics Limited | 1.54% |
Largest holdings only in Invesco India ESG Integration Strategy Fund
| Security | % of fund |
|---|---|
| Titan Company Limited | 4.00% |
| Eicher Motors Limited | 2.98% |
| Samvardhana Motherson International Limited | 2.04% |
| TVS Motor Company Limited | 1.85% |
| MphasiS Limited | 1.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India ELSS Tax Saver | Invesco India ESG Integration Strategy |
|---|---|---|
| Equity | 98.3% | 98.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.7% | 1.6% |
Market cap of stocks
| Market cap | Invesco India ELSS Tax Saver | Invesco India ESG Integration Strategy |
|---|---|---|
| Large Cap | 38.8% | 74.9% |
| Mid Cap | 21.6% | 5.4% |
| Small Cap | 36.2% | 18.1% |
| Not on AMFI's list | 1.8% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Invesco India ELSS Tax Saver | Invesco India ESG Integration Strategy |
|---|---|---|
| Banks | 16.6% | 19.6% |
| IT - Software | 5.1% | 11.8% |
| Finance | 4.9% | 11.2% |
| Capital Markets | 8.0% | 8.2% |
| Auto Components | 6.8% | 3.7% |
| Pharmaceuticals & Biotechnology | 5.3% | 6.1% |
| Retailing | 5.4% | 3.8% |
| Consumer Durables | 4.3% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India ELSS Tax Saver vs Invesco India ESG Integration Strategy: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India ELSS Tax Saver Fund | Invesco India ESG Integration Strategy Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.21% | 1.28% |
| Base expense ratio (Direct) | 0.76% | 0.98% |
| Total expense ratio (Regular) | 2.30% | 2.56% |
| Base expense ratio (Regular) | 1.71% | 2.09% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Invesco India ELSS Tax Saver with
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Invesco India ELSS Tax Saver Fund vs Invesco India ESG Integration Strategy Fund: Frequently Asked Questions
What is the difference between Invesco India ELSS Tax Saver Fund and Invesco India ESG Integration Strategy Fund?
Invesco India ELSS Tax Saver Fund is an ELSS fund, Invesco India ESG Integration Strategy Fund is a Thematic fund, run by Invesco Mutual Fund. Their portfolios overlap 42.4%. Invesco India ELSS Tax Saver Fund charges 1.21% a year and Invesco India ESG Integration Strategy Fund 1.28%.
Which has given higher returns, Invesco India ELSS Tax Saver Fund or Invesco India ESG Integration Strategy Fund?
Over 1 year: Invesco India ELSS Tax Saver Fund −6.34%, Invesco India ESG Integration Strategy Fund −5.91%. Over 3 years: Invesco India ELSS Tax Saver Fund +11.35% a year, Invesco India ESG Integration Strategy Fund +9.27% a year. Over 5 years: Invesco India ELSS Tax Saver Fund +8.46% a year, Invesco India ESG Integration Strategy Fund +6.26% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India ELSS Tax Saver Fund or Invesco India ESG Integration Strategy Fund?
Invesco India ELSS Tax Saver Fund charges less: 1.21% a year against 1.28%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India ELSS Tax Saver Fund and Invesco India ESG Integration Strategy Fund overlap?
42.4%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, DIVISLAB. From each fund's latest monthly portfolio.
Which is riskier, Invesco India ELSS Tax Saver Fund or Invesco India ESG Integration Strategy Fund?
On SEBI's riskometer, Invesco India ELSS Tax Saver Fund is rated Very High and Invesco India ESG Integration Strategy Fund Very High. Over 3 years, the standard deviation of daily returns was 14.75% and 14.27% a year.
Which is better for SIP, Invesco India ELSS Tax Saver Fund or Invesco India ESG Integration Strategy Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,62,847 in Invesco India ELSS Tax Saver Fund (XIRR 8.7% a year) and ₹7,22,582 in Invesco India ESG Integration Strategy Fund (XIRR 6.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India ELSS Tax Saver Fund and Invesco India ESG Integration Strategy Fund?
Yes. 42.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Invesco India ELSS Tax Saver Fund and Invesco India ESG Integration Strategy Fund?
Invesco India ELSS Tax Saver Fund: Depesh Kashyap. Invesco India ESG Integration Strategy Fund: Taher Badshah, Haresh Kapoor.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.