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IDBI Equity Advantage Fund

IDBI Equity Advantage Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

9.97

as on 02 Aug 2021

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 13,300 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

  • ₹ 35.460

    as on 02 Aug 2021
  • Regular - Growth

  • 23 / 37

  • ₹ 500

  • ₹ 518 Cr.

    as on 02 Aug 2021
  • 2.4%

    since 31 May 2021
  • 10 Sep 2013

  • Tax Saver - ELSS

  • S&P BSE 200 TRI

  • IDBI mutual fund

    Show All Funds

Highlights of this fund

IDBI Equity Advantage Fund is an Open-ended Tax Saver 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 Tax Saver funds offered by IDBI mutual fund.

Latest NAV of the fund is ₹ 35.460 as on 02 Aug 2021.

This fund has 7 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 7.60% 23.46% 46.46% 105.10% 55.32% 31.46% 24.01% 18.28% 108.01% 81.43% 53.71% 33.36% 24.34%
Category Average 3.41% 13.72% 17.35% 55.63% 25.73% 13.81% 14.06% 14.46% 52.59% 38.73% 26.01% 17.56% 16.06%
IDBI Equity Advantage Fund 2.93%₹ 10,293 12.11%₹ 11,210 12.25%₹ 11,225 45.27%₹ 14,526 40.90%₹ 14,506 20.13%₹ 14,438 27.61%₹ 31,236 9.97%₹ 13,300 18.92%₹ 47,546 10.43%₹ 16,424 12.96%₹ 83,063 - -
Mirae Asset Tax Saver Fund 2.65%₹ 10,264 13.24%₹ 11,323 18.03%₹ 11,802 62.65%₹ 16,264 55.52%₹ 15,347 30.60%₹ 17,069 44.22%₹ 35,915 19.83%₹ 17,215 31.30%₹ 56,301 20.33%₹ 25,237 22.69%₹ 1,05,346 - -
Canara Robeco Equity Tax Saver Fund 3.30%₹ 10,330 13.97%₹ 11,396 15.97%₹ 11,597 58.09%₹ 15,809 54.19%₹ 15,272 32.22%₹ 17,494 43.68%₹ 35,759 19.51%₹ 17,079 31.17%₹ 56,211 17.83%₹ 22,718 22.38%₹ 1,04,571 15.21%₹ 41,237 17.53%₹ 3,01,541
Axis Long Term Equity Fund 2.11%₹ 10,211 11.88%₹ 11,187 14.98%₹ 11,497 52.98%₹ 15,298 46.04%₹ 14,804 25.23%₹ 15,691 34.52%₹ 33,153 15.28%₹ 15,327 25.49%₹ 52,072 15.53%₹ 20,593 19.18%₹ 96,763 18.28%₹ 53,677 18.91%₹ 3,24,821
Quant Tax Plan 7.60%₹ 10,760 23.46%₹ 12,346 46.46%₹ 14,646 105.10%₹ 20,509 108.01%₹ 18,204 55.32%₹ 24,154 81.43%₹ 47,282 31.46%₹ 22,733 53.71%₹ 74,759 24.01%₹ 29,349 33.36%₹ 1,35,765 16.70%₹ 46,898 24.34%₹ 4,35,693
Invesco India Tax Plan 3.24%₹ 10,323 14.10%₹ 11,410 17.39%₹ 11,739 52.27%₹ 15,227 51.16%₹ 15,099 27.31%₹ 16,218 38.34%₹ 34,231 14.43%₹ 14,989 26.56%₹ 52,836 15.18%₹ 20,279 18.84%₹ 95,961 15.74%₹ 43,170 17.41%₹ 2,99,574

Portfolio Holdings

Portfolio holdings pattern of IDBI Equity Advantage Fund as on 04 Aug 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%