IDBI Equity Advantage Fund - Growth - Regular Plan

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Fund Overview Growth | Regular Plan

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  • Minimum Investment (₹)

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Fund Objective

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities fir capital appreciation and income along with the benefit of income-tax deduction (under section 80C of the income-tax Act,1961)on their investments.Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C.There can be no assurance that the investment objective under the scheme will be realized.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
IDBI Equity Advantage Fund - Growth Regular -5.28 -11.94 -1.02 9.60 6.89 14.87
NIFTY 500 - TRI N/A N/A N/A N/A N/A N/A
S&P BSE SENSEX - TRI -4.35 -10.18 2.33 11.36 12.65 13.11

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
IDBI Equity Advantage Fund - Growth Regular Sep 10, 2013 Unrated -1.02 9.60 6.89 2.43 473.06
Axis Long Term Equity Fund - Regular Plan - Growth Dec 29, 2009 -11.73 8.44 10.00 1.55 29,583.87
Aditya Birla Sun Life Tax Relief '96 - Growth Option Mar 10, 2008 Unrated -7.85 5.76 6.10 1.76 13,184.97
Mirae Asset Tax Saver Fund-Regular Plan-Growth Dec 28, 2015 -0.49 15.53 13.92 1.66 11,805.38
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option Sep 21, 2005 Unrated 2.93 7.52 3.85 1.71 11,234.96
SBI Long Term Equity Fund - REGULAR PLAN- GROWTH Mar 31, 1993 1.07 12.21 8.87 1.77 10,269.40

Fund Holdings as on 31-May-2022

  • ICICI Bank Ltd.

  • HDFC Bank Ltd.

  • Infosys Ltd.

  • State Bank of India

  • Reliance Industries Ltd.

  • ABB India Ltd.

  • Cholamandalam Investment & Finance Co. Ltd.

  • HCL Technologies Ltd.

  • Page Industries Ltd.

  • Axis Bank Ltd.

  • Housing Development Finance Corporation Ltd.

  • Mphasis Ltd.

  • Larsen & Toubro Ltd.

  • PI Industries Ltd.

  • TREPS

  • SRF Ltd.

  • Century Plyboards (India) Ltd.

  • Bharat Forge Ltd.

  • Nestle India Ltd.

  • Tata Steel Ltd.

  • Eicher Motors Ltd.

  • Ultratech Cement Ltd.

  • Kotak Mahindra Bank Ltd.

  • Bharti Airtel Ltd.

  • Thermax Ltd.

  • MindTree Ltd.

  • Grasim Industries Ltd.

  • Asian Paints Ltd.

  • IndusInd Bank Ltd.

  • Bharat Petroleum Corporation Ltd.

  • Polycab India Ltd.

  • Voltas Ltd.

  • Coromandel International Ltd.

  • Shree Cement Ltd.

  • Crompton Greaves Consumer Electricals Ltd.

  • Cipla Ltd.

  • NCC Ltd.

  • Adani Ports and Special Economic Zone Ltd.

  • Honeywell Automation India Ltd.

  • Godrej Consumer Products Ltd.

  • Happiest Minds Technologies Ltd.

  • Apollo Hospitals Enterprise Ltd.

  • Dr. Reddy's Laboratories Ltd.

  • Dalmia Bharat Ltd.

  • Net Receivable / Payable

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  • Bank - Private

  • IT - Software

  • Refineries

  • Bank - Public

  • Diversified

  • Electric Equipment

  • Engineering - Construction

  • Cement & Construction Materials

  • Finance - NBFC

  • Textile

  • Finance - Housing

  • Miscellaneous

  • Pesticides & Agrochemicals

  • Wood & Wood Products

  • Forgings

  • Consumer Food

  • Automobile Two & Three Wheelers

  • Steel & Iron Products

  • Telecommunication - Service Provider

  • Pharmaceuticals & Drugs

  • Engineering - Industrial Equipments

  • Paints

  • Cable

  • Air Conditioners

  • Fertilizers

  • Consumer Durables - Domestic Appliances

  • Port

  • Household & Personal Products

  • Consumer Durables - Electronics

  • Hospital & Healthcare Services

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About IDBI Equity Advantage Fund

Scheme Analysis

IDBI Equity Advantage Fund is a Equity - ELSS fund and belongs to IDBI Mutual Fund. It was launched on 10-Sep-2013 and currently has an AUM of ₹473.06 crore. IDBI Equity Advantage Fund is benchmarked against NIFTY 500 - TRI as primary index and S&P BSE SENSEX - TRI as secondary index.

The NAV of IDBI Equity Advantage Fund ended up ₹0.03(0.09%)yesterday to ₹33.92.

Among its top 3 holdings the fund has exposure to ICICI Bank Ltd., and

The IDBI Equity Advantage Fund is managed by Alok Ranjan .

Fund House Contact

5th floor, Mafatlal Centre, Nariman Point Mumbai - 400021

022-6644 2800
022-6644 2802