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IDBI Equity Advantage Fund

IDBI Equity Advantage Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

21.00

as on 27 Jul 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 17,715 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

  • ₹ 43.350

    as on 27 Jul 2023
  • Regular - Growth

  • 21 / 37

  • ₹ 500

  • ₹ 467 Cr.

    as on 31 May 2023
  • 2.42%

  • 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 ₹ 43.350 as on 27 Jul 2023.

This fund has 10 years of track record. Since 28 Feb 2023 expense ratio of this fund is 2.42%. 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 RanjanMr. Ranjan has done MBA (Finance), BSc Physics (Honors) Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.

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 11.40% 13.64% 25.51% 30.41% 32.94% 32.57% 28.49% 24.71% 47.39% 31.05% 25.50% 32.25% 24.06%
Category Average 7.55% 6.98% 16.50% 20.35% 13.52% 19.98% 16.12% 16.22% 33.87% 21.78% 18.09% 19.30% 15.03%
IDBI Equity Advantage Fund 3.81%₹ 10,380 10.76%₹ 11,075 14.99%₹ 11,498 - - - - - - - - - -
Quant Tax Plan 10.98%₹ 11,097 10.66%₹ 11,066 25.51%₹ 12,550 20.11%₹ 12,010 44.91%₹ 14,746 18.19%₹ 13,967 27.12%₹ 31,104 32.57%₹ 23,296 25.50%₹ 52,080 28.49%₹ 35,047 32.25%₹ 1,32,297 24.71%₹ 91,160 24.06%₹ 4,29,094
Kotak Tax Saver Fund 6.55%₹ 10,655 5.21%₹ 10,520 14.53%₹ 11,453 18.33%₹ 11,832 28.41%₹ 13,771 14.15%₹ 13,030 20.55%₹ 29,324 20.82%₹ 17,637 18.16%₹ 47,040 17.70%₹ 22,595 19.95%₹ 98,576 17.42%₹ 49,873 15.98%₹ 2,77,400
Mirae Asset Tax Saver Fund 7.95%₹ 10,795 5.27%₹ 10,527 16.12%₹ 11,612 18.69%₹ 11,868 30.83%₹ 13,916 11.11%₹ 12,344 19.69%₹ 29,093 19.65%₹ 17,129 16.56%₹ 45,990 18.64%₹ 23,512 20.05%₹ 98,834 - -
IDFC Tax Advantage (elss) Fund 6.98%₹ 10,698 4.82%₹ 10,482 15.88%₹ 11,587 21.98%₹ 12,198 32.32%₹ 14,005 15.59%₹ 13,361 22.34%₹ 29,806 25.55%₹ 19,789 20.36%₹ 48,517 19.16%₹ 24,035 23.45%₹ 1,07,298 17.86%₹ 51,811 17.30%₹ 2,97,796
BOI AXA Tax Advantage Fund 11.40%₹ 11,139 11.62%₹ 11,161 24.13%₹ 12,412 27.45%₹ 12,745 45.80%₹ 14,797 15.23%₹ 13,277 27.85%₹ 31,305 23.87%₹ 19,007 22.21%₹ 49,781 22.90%₹ 28,056 24.74%₹ 1,10,676 18.07%₹ 52,742 18.33%₹ 3,14,821

Portfolio Holdings

Portfolio holdings pattern of IDBI Equity Advantage Fund as on 08 Dec 2023 are listed below:

  • Equity Holdings:

    98.40%
  • Debt Holdings:

    0.00%
  • Others Holdings:

    1.60%

Top Sector Holdings of IDBI Equity Advantage Fund

Name of SectorHolding PercentageHolding Values in Crore
Banks 30.30% ₹ 144.86 Cr.
Computers - Software 9.16% ₹ 43.83 Cr.
Power equipment 6.19% ₹ 29.62 Cr.
Cement 6.11% ₹ 29.21 Cr.
Engineering, designing, construction 5.59% ₹ 26.73 Cr.
Others 42.65% -

Top Stock Holdings of IDBI Equity Advantage Fund

Name of StocksHolding PercentageHolding Values in Crore
ICICI Bank Ltd. 8.49% ₹ 40.59 Cr.
HDFC Bank Ltd. 8.33% ₹ 39.84 Cr.
ABB India Ltd. 6.19% ₹ 29.62 Cr.
State Bank Of India 5.41% ₹ 25.87 Cr.
Infosys Ltd. 4.40% ₹ 21.07 Cr.
Others 67.18% -

Other Holdings

Holding TypeHolding Percentage
TREPS 1.51%
Net Receivables 0.09%