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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹37.7 ↓ -0.75  (-1.95 %) as on 27 Jan 23

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 15.2% since its launch.  Ranked 21 in ELSS category.  Return for 2022 was 2.2% , 2021 was 25.6% and 2020 was 8.4% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 27 Jan 23₹37.7 ↓ -0.75  (-1.95 %)
Net Assets (AUM) as on 31 Dec 2022 ₹480 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-1.93
Expense Ratio2.39 %
Sharpe Ratio-0.085
Information Ratio-0.81
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 27 Jan 23

DurationReturns
1 Month -4.2%
3 Month -4.2%
6 Month 2.9%
1 Year -0.1%
3 Year 9.2%
5 Year 6.9%
10 Year
15 Year
Since launch 15.2%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 2.2%
2021 25.6%
2020 8.4%
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%

Growth of 10k Over Years

DateValue
31 Dec 17₹10,000
31 Dec 18₹9,827
31 Dec 19₹10,387
31 Dec 20₹11,256
31 Dec 21₹14,135
31 Dec 22₹14,440
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.47%
Equity99.53%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services35.87%
Industrials14.7%
Basic Materials14%
Technology13.12%
Consumer Cyclical10.04%
Energy4.9%
Consumer Defensive2.94%
Communication Services2.06%
Health Care1.89%
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 - Regional9%₹45 Cr475,423
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
Banks - Regional8%₹40 Cr247,297
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services6%₹32 Cr192,810
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
Banks - Regional5%₹27 Cr446,147
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | ABB
Specialty Industrial Machinery4%₹22 Cr71,781
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing4%₹21 Cr77,980
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | 532215
Banks - Regional4%₹19 Cr213,065
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
Credit Services3%₹17 Cr232,325
HCL Technologies Ltd (Technology)
Equity, Since 31 May 20 | HCLTECH
Information Technology Services3%₹16 Cr146,618
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC
Mortgage Finance3%₹15 Cr56,815
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Fund Managers

NameSinceTenure
Alok Ranjan16 Aug 211.38 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Ltd
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
₹37.7
↓ -0.75
2.86 %-0.05 %9.24 %6.9 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹22.65
↓ -0.46
2.81 %-0.09 %8.95 %6.59 %
Data as on 27 Jan 23

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