Fund Performance
Lumpsum
SIP
21.00
as on 27 Jul 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 17,715 today.
NAV Performance

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
-
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
Mr. 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
Top Sector Holdings of IDBI Equity Advantage Fund
Name of Sector | Holding Percentage | Holding 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 Stocks | Holding Percentage | Holding 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 Type | Holding Percentage |
---|---|
TREPS | 1.51% |
Net Receivables | 0.09% |