IDBI Equity Advantage Fund

Regular PlanGrowth Option

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.