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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹25.96 ↑ 0.02  (0.08 %) as on 20 Oct 20

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 14.4% since its launch.  Ranked 21 in ELSS category.  Return for 2019 was 5.7% , 2018 was -1.7% and 2017 was 35.3% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 20 Oct 20₹25.96 ↑ 0.02  (0.08 %)
Net Assets (AUM) as on 30 Sep 2020 ₹473 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-10.54
Expense Ratio2.37 %
Sharpe Ratio-0.405
Information Ratio-0.41
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 20 Oct 20

DurationReturns
1 Month 1.8%
3 Month 4.4%
6 Month 13.2%
1 Year -6.2%
3 Year 1%
5 Year 4.5%
10 Year
15 Year
Since launch 14.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011

Growth of 10k Over Years

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,942
30 Sep 17₹12,051
30 Sep 18₹12,723
30 Sep 19₹13,410
30 Sep 20₹12,419
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash2.71%
Equity97.29%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services23.14%
Consumer Defensive19.46%
Consumer Cyclical18.5%
Basic Materials15.29%
Technology7.08%
Health Care7.08%
Industrials3.99%
Energy2.74%
IDBI Equity Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
Specialty Chemicals5%₹25 Cr124,443
↓ -30,000
Sanofi India Ltd (Healthcare)
Equity, Since 31 Jan 19 | 500674
Drug Manufacturers - General5%₹25 Cr28,567
↓ -1,400
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
Footwear & Accessories5%₹24 Cr184,538
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
Tobacco5%₹24 Cr73,910
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
Banks - Regional5%₹23 Cr185,056
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
Household & Personal Products5%₹23 Cr110,794
↓ -9,000
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
Auto Manufacturers5%₹22 Cr470,654
↓ -180,000
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND
Packaged Foods5%₹21 Cr13,466
↓ -5,000
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
Specialty Chemicals4%₹21 Cr144,652
↓ -60,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
Banks - Regional4%₹21 Cr190,900
↑ 190,900
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Fund Managers

NameSinceTenure
Uma Venkatraman1 Jul 182.25 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
₹25.96
↑ 0.02
13.16 %-6.25 %1.01 %4.54 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹17.24
13.12 %-6.25 %0.78 %4.41 %
Data as on 20 Oct 20

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