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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹38.84 ↓ -0.62  (-1.57 %) as on 21 Jan 22

Scheme Objective

The 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. There can be no assurance that the investment objective under the scheme will be realized.

IDBI Equity Advantage Fund is a Equity - ELSS fund launched on 10 Sep 13. It is a fund with Moderately High risk and has given a CAGR return of 17.6% since its launch.  Ranked 21 in ELSS category.  Return for 2021 was 25.6% , 2020 was 8.4% and 2019 was 5.7% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 21 Jan 22₹38.84 ↓ -0.62  (-1.57 %)
Net Assets (AUM) as on 31 Dec 2021 ₹528 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-4.06
Expense Ratio2.4 %
Sharpe Ratio1.672
Information Ratio-0.73
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 22

DurationReturns
1 Month 5.4%
3 Month -1.8%
6 Month 11.9%
1 Year 23.3%
3 Year 14.9%
5 Year 13.4%
10 Year
15 Year
Since launch 17.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2021 25.6%
2020 8.4%
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013

Growth of 10k Over Years

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,533
31 Dec 18₹13,298
31 Dec 19₹14,056
31 Dec 20₹15,232
31 Dec 21₹19,128
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.92%
Equity99.08%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services30.81%
Technology15.55%
Basic Materials15.49%
Industrials14.11%
Consumer Cyclical11.86%
Energy5.16%
Consumer Defensive2.83%
Communication Services1.74%
Health Care1.53%
IDBI Equity Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK
Banks - Regional7%₹38 Cr528,773
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
Banks - Regional7%₹37 Cr247,297
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services6%₹33 Cr192,810
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
Banks - Regional4%₹21 Cr446,147
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing4%₹19 Cr77,980
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 500002
Specialty Industrial Machinery4%₹18 Cr88,481
HCL Technologies Ltd (Technology)
Equity, Since 31 May 20 | HCLTECH
Information Technology Services3%₹17 Cr146,618
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC
Mortgage Finance3%₹15 Cr56,815
Mphasis Ltd (Technology)
Equity, Since 31 Aug 20 | 526299
Information Technology Services3%₹14 Cr48,306
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | 532215
Banks - Regional3%₹14 Cr213,065
↑ 36,000
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Fund Managers

NameSinceTenure
Alok Ranjan16 Aug 210.29 Yr.

Custodians

CompanyAddress
Stock Holding Corporation of IndiaMittal Court, ‘B’ Wing,,Nariman Point

Registrar & Transfer Agent

KFin Technologies Private Limited
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
IDBI Mutual Fund4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba Mumbai 400005

Auditors

CompanyAddress
M/s. Ray and RayM/s. Ray and Ray

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
IDBI Equity Advantage Fund
Growth
₹38.84
↓ -0.62
11.93 %23.26 %14.86 %13.4 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹23.34
↓ -0.37
11.94 %22.3 %14.32 %13.07 %
Data as on 21 Jan 22

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.