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IDBI Equity Advantage Fund

IDBI Equity Advantage Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

17.41

as on 21 Oct 2021

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 16,206 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

  • ₹ 39.560

    as on 21 Oct 2021
  • Regular - Growth

  • 23 / 37

  • ₹ 500

  • ₹ 518 Cr.

    as on 21 Oct 2021
  • 2.4%

    since 31 May 2021
  • 10 Sep 2013

  • Equity - ELSS

  • S&P BSE 200 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 ₹ 39.560 as on 21 Oct 2021.

This fund has 8 years of track record. Since 31 May 2021 expense ratio of this fund is 2.4%. Ideally you shoulds compare this fund with the benchmark S&P BSE 200 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 Uma Venkatraman

    Picture of Uma VenkatramanPrior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.

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 7.36% 17.61% 36.42% 94.19% 54.79% 37.36% 24.21% 20.27% 84.05% 79.25% 55.46% 34.49% 24.96%
Category Average 3.59% 13.08% 28.47% 58.73% 27.48% 21.61% 15.09% 16.45% 52.67% 45.85% 31.82% 20.65% 17.38%
IDBI Equity Advantage Fund 3.61%₹ 10,361 14.01%₹ 11,400 28.86%₹ 12,885 52.86%₹ 15,285 48.45%₹ 14,948 19.41%₹ 14,286 37.01%₹ 33,856 17.41%₹ 16,206 26.02%₹ 52,456 11.81%₹ 17,481 16.80%₹ 91,292 - -
Mirae Asset Tax Saver Fund 3.81%₹ 10,380 13.56%₹ 11,356 29.45%₹ 12,945 61.96%₹ 16,195 55.19%₹ 15,334 33.71%₹ 17,935 51.57%₹ 38,068 26.90%₹ 20,474 37.15%₹ 60,801 20.74%₹ 25,678 25.66%₹ 1,13,155 - -
Canara Robeco Equity Tax Saver Fund 2.84%₹ 10,284 13.31%₹ 11,331 29.48%₹ 12,948 58.76%₹ 15,875 53.40%₹ 15,232 33.66%₹ 17,921 49.48%₹ 37,451 27.51%₹ 20,772 36.57%₹ 60,345 19.02%₹ 23,895 25.31%₹ 1,12,229 17.19%₹ 48,899 18.88%₹ 3,24,220
Axis Long Term Equity Fund 0.32%₹ 10,031 14.40%₹ 11,440 29.59%₹ 12,959 61.77%₹ 16,177 51.03%₹ 15,097 26.59%₹ 16,067 43.99%₹ 35,849 24.90%₹ 19,520 32.71%₹ 57,375 18.16%₹ 23,040 23.07%₹ 1,06,339 20.27%₹ 63,398 20.48%₹ 3,53,619
Quant Tax Plan 6.07%₹ 10,607 10.79%₹ 11,079 36.42%₹ 13,641 94.19%₹ 19,418 84.05%₹ 16,937 54.79%₹ 24,075 79.25%₹ 46,584 37.36%₹ 25,985 55.46%₹ 76,374 24.21%₹ 29,584 34.49%₹ 1,39,442 18.89%₹ 56,488 24.96%₹ 4,50,731
Invesco India Tax Plan 4.40%₹ 10,439 12.50%₹ 11,249 30.25%₹ 13,024 56.20%₹ 15,619 52.84%₹ 15,200 28.66%₹ 16,600 45.25%₹ 36,217 22.38%₹ 18,356 32.47%₹ 57,194 16.69%₹ 21,644 21.89%₹ 1,03,346 17.81%₹ 51,589 18.72%₹ 3,21,545

Portfolio Holdings

Portfolio holdings pattern of IDBI Equity Advantage Fund as on 22 Oct 2021 are listed below:

  • Equity Holdings:

    95.69%
  • Debt Holdings:

    0.00%
  • Others Holdings:

    4.31%

Top Sector Holdings of IDBI Equity Advantage Fund

Name of SectorHolding PercentageHolding Values in Crore
Banks 21.04% ₹ 108.98 Cr.
Computers - Software 13.90% ₹ 71.91 Cr.
Refineries/Marketing 5.08% ₹ 26.27 Cr.
Cement 4.82% ₹ 25.00 Cr.
Engineering, designing, construction 4.82% ₹ 24.96 Cr.
Others 50.34% -

Top Stock Holdings of IDBI Equity Advantage Fund

Name of StocksHolding PercentageHolding Values in Crore
Infosys Ltd. 6.80% ₹ 35.20 Cr.
HDFC Bank Ltd. 6.72% ₹ 34.80 Cr.
ICICI Bank Ltd. 6.44% ₹ 33.36 Cr.
Reliance Industries Ltd. 3.18% ₹ 16.46 Cr.
ABB India Ltd. 3.09% ₹ 16.00 Cr.
Others 73.77% -

Other Holdings

Holding TypeHolding Percentage
Net Receivables 3.67%
TREPS 0.64%