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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹33.79 ↑ 0.29  (0.87 %) as on 24 Jun 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 14.9% 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 24 Jun 22₹33.79 ↑ 0.29  (0.87 %)
Net Assets (AUM) as on 31 May 2022 ₹473 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-0.74
Expense Ratio2.4 %
Sharpe Ratio0.337
Information Ratio-0.39
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 24 Jun 22

DurationReturns
1 Month -2.8%
3 Month -10.2%
6 Month -9.9%
1 Year -0.5%
3 Year 9.8%
5 Year 7%
10 Year
15 Year
Since launch 14.9%

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 May 17₹10,000
31 May 18₹11,653
31 May 19₹11,054
31 May 20₹9,718
31 May 21₹14,132
31 May 22₹15,156
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

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

Sector Allocation

SectorValue
Financial Services32.73%
Basic Materials15.68%
Technology14.42%
Industrials13.4%
Consumer Cyclical11.17%
Energy5.93%
Consumer Defensive2.71%
Health Care2.06%
Communication Services1.83%
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 - Regional8%₹39 Cr528,773
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
Banks - Regional7%₹34 Cr247,297
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services6%₹30 Cr192,810
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
Banks - Regional4%₹22 Cr446,147
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing4%₹22 Cr77,980
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
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | AXISBANK
Banks - Regional3%₹16 Cr213,065
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | ABB
Specialty Industrial Machinery3%₹15 Cr71,781
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | PAGEIND
Apparel Manufacturing3%₹15 Cr3,300
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Fund Managers

NameSinceTenure
Alok Ranjan16 Aug 210.79 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies 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
₹33.79
↑ 0.29
-9.89 %-0.5 %9.79 %6.97 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹20.3
↑ 0.17
-9.94 %-0.54 %9.49 %6.67 %
Data as on 24 Jun 22

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