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IDBI Equity Advantage Fund

IDBI Equity Advantage Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

15.51

as on 12 Aug 2022

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 15,436 today.

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NAV Performance

IDBI Equity Advantage Fund performance graph for last 3 years
Performance of IDBI Equity Advantage Fund for last 3 Years

Fund Information

  • ₹ 38.870

    as on 12 Aug 2022
  • Regular - Growth

  • 26 / 37

  • ₹ 500

  • ₹ 513 Cr.

    as on 31 Dec 2021
  • 2.41%

  • 10 Sep 2013

  • Equity - ELSS

  • Nifty 500 TRI

  • IDBI Mutual Fund

    Show All Funds
  • Data not available.

Highlights of this fund

IDBI Equity Advantage Fund is an Open-ended Equity Fund. The fund belongs to ELSS category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 10 Sep 2013. This fund is offered by one of the top AMC (Assets Management Company) IDBI Mutual Fund. You can also view here all other Equity funds offered by IDBI Mutual Fund.

Latest NAV of the fund is ₹ 38.870 as on 12 Aug 2022.

This fund has 8 years of track record. Since 31 Oct 2021 expense ratio of this fund is 2.41%. Ideally you shoulds compare this fund with the benchmark Nifty 500 TRI.

You can invest in this fund in SIP with the minimum investment of ₹ 500. Lumpsum invest is offered with minimum investment of ₹ 500.

Fund Objective

Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for 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.

List of Fund Managers of IDBI Equity Advantage Fund

  • About Alok Ranjan

    Picture of Alok Ranjan

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Very High Risk

Fund Return Comparison

Fund Name 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 12.43% 14.93% 6.92% 17.83% 45.92% 37.98% 22.05% 20.79% 15.38% 31.56% 41.23% 29.86% 23.47%
Category Average 8.96% 12.29% 0.77% 6.73% 27.38% 18.67% 12.06% 15.46% 6.60% 16.93% 21.01% 15.46% 14.57%
IDBI Equity Advantage Fund 11.66%₹ 11,166 13.95%₹ 11,395 1.57%₹ 10,156 8.42%₹ 10,842 8.75%₹ 12,559 25.04%₹ 15,635 16.51%₹ 28,242 15.51%₹ 15,436 17.48%₹ 46,591 10.46%₹ 16,456 12.63%₹ 82,387 - -
DSP Tax Saver Fund 8.03%₹ 10,802 10.72%₹ 11,072 0.26%₹ 10,026 4.40%₹ 10,439 5.57%₹ 12,358 30.20%₹ 16,951 18.38%₹ 28,738 20.17%₹ 17,388 22.43%₹ 49,923 13.52%₹ 18,863 17.33%₹ 92,477 17.49%₹ 50,197 16.34%₹ 2,82,684
Mirae Asset Tax Saver Fund 8.62%₹ 10,861 11.40%₹ 11,140 0.24%₹ 10,024 6.01%₹ 10,600 5.28%₹ 12,339 29.66%₹ 16,812 17.25%₹ 28,437 21.94%₹ 18,168 23.24%₹ 50,485 16.13%₹ 21,135 18.70%₹ 95,619 - -
Quant Tax Plan 9.54%₹ 10,954 13.52%₹ 11,352 2.41%₹ 10,241 12.36%₹ 11,236 12.52%₹ 12,795 45.92%₹ 21,292 31.56%₹ 32,320 37.98%₹ 26,362 41.23%₹ 64,046 22.05%₹ 27,109 29.86%₹ 1,25,021 20.79%₹ 66,242 23.47%₹ 4,15,658
BOI AXA Tax Advantage Fund 10.13%₹ 11,013 13.07%₹ 11,307 0.16%₹ 10,016 1.39%₹ 10,139 2.38%₹ 12,153 29.29%₹ 16,716 16.38%₹ 28,209 25.70%₹ 19,912 23.64%₹ 50,764 15.87%₹ 20,902 18.80%₹ 95,874 16.47%₹ 46,007 16.55%₹ 2,86,025
Canara Robeco Equity Tax Saver Fund 10.28%₹ 11,028 14.14%₹ 11,414 0.99%₹ 10,098 6.60%₹ 10,659 7.48%₹ 12,479 29.08%₹ 16,661 17.82%₹ 28,588 22.76%₹ 18,541 23.29%₹ 50,522 16.44%₹ 21,419 19.15%₹ 96,677 16.02%₹ 44,281 16.24%₹ 2,81,211

Portfolio Holdings

Portfolio holdings pattern of IDBI Equity Advantage Fund as on 14 Aug 2022 are listed below:

  • Equity Holdings:

    99.49%
  • Debt Holdings:

    0.00%
  • Others Holdings:

    0.51%

Top Sector Holdings of IDBI Equity Advantage Fund

Name of SectorHolding PercentageHolding Values in Crore
Banks 23.83% ₹ 125.82 Cr.
Computers - Software 17.00% ₹ 89.80 Cr.
Cement 5.57% ₹ 29.41 Cr.
Engineering, designing, construction 5.23% ₹ 27.61 Cr.
Refineries/Marketing 5.03% ₹ 26.55 Cr.
Others 43.34% -

Top Stock Holdings of IDBI Equity Advantage Fund

Name of StocksHolding PercentageHolding Values in Crore
ICICI Bank Ltd. 7.41% ₹ 39.14 Cr.
HDFC Bank Ltd. 6.93% ₹ 36.59 Cr.
Infosys Ltd. 6.89% ₹ 36.40 Cr.
State Bank Of India 3.89% ₹ 20.54 Cr.
ABB India Ltd. 3.74% ₹ 19.76 Cr.
Others 71.14% -

Other Holdings

Holding TypeHolding Percentage
TREPS 0.41%
Net Receivables 0.10%