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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹38.88 ↑ 0.03  (0.08 %) as on 24 Sep 21

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 18.4% since its launch.  Ranked 21 in ELSS category.  Return for 2020 was 8.4% , 2019 was 5.7% and 2018 was -1.7% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 24 Sep 21₹38.88 ↑ 0.03  (0.08 %)
Net Assets (AUM) as on 31 Aug 2021 ₹541 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio1.39
Expense Ratio2.4 %
Sharpe Ratio2.911
Information Ratio-0.66
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 Sep 21

DurationReturns
1 Month 8.4%
3 Month 14.5%
6 Month 24.2%
1 Year 58.8%
3 Year 14%
5 Year 11.8%
10 Year
15 Year
Since launch 18.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2020 8.4%
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012

Growth of 10k Over Years

DateValue
31 Aug 16₹10,000
31 Aug 17₹11,182
31 Aug 18₹12,924
31 Aug 19₹11,446
31 Aug 20₹11,410
31 Aug 21₹16,894
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.55%
Equity98.45%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services27.83%
Basic Materials16.93%
Technology16.72%
Industrials14.64%
Consumer Cyclical11.61%
Energy4.86%
Consumer Defensive2.81%
Communication Services1.6%
Health Care1.45%
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%₹36 Cr528,773
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services7%₹36 Cr222,676
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
Banks - Regional6%₹33 Cr232,297
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
Banks - Regional4%₹19 Cr446,147
↑ 100,000
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing3%₹16 Cr77,980
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 500002
Specialty Industrial Machinery3%₹15 Cr88,481
HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 20 | HCLTECH
Information Technology Services3%₹15 Cr146,618
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC
Mortgage Finance3%₹14 Cr56,815
Mphasis Ltd (Technology)
Equity, Since 31 Aug 20 | 526299
Information Technology Services3%₹14 Cr53,306
MindTree Ltd (Technology)
Equity, Since 31 Jul 21 | 532819
Information Technology Services2%₹13 Cr44,000
↑ 44,000
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Fund Managers

NameSinceTenure
Alok Ranjan16 Aug 210 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Private Limited
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
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
₹38.88
↑ 0.03
24.22 %58.82 %14.03 %11.8 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹23.37
↑ 0.02
23.28 %57.63 %13.5 %11.49 %
Data as on 24 Sep 21

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