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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹31.43 ↑ 0.52  (1.68 %) as on 19 Jan 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 16.8% since its launch.  Ranked 21 in ELSS category. .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 19 Jan 21₹31.43 ↑ 0.52  (1.68 %)
Net Assets (AUM) as on 30 Nov 2020 ₹513 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-6.04
Expense Ratio2.37 %
Sharpe Ratio0.073
Information Ratio-0.51
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 19 Jan 21

DurationReturns
1 Month 4.3%
3 Month 21.2%
6 Month 27.4%
1 Year 8.5%
3 Year 4.5%
5 Year 10.9%
10 Year
15 Year
Since launch 16.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2020
2019
2018
2017
2016
2015
2014
2013
2012

Growth of 10k Over Years

DateValue
31 Dec 15₹10,000
31 Dec 16₹9,995
31 Dec 17₹13,526
31 Dec 18₹13,292
31 Dec 19₹14,049
31 Dec 20₹15,224
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash2.58%
Equity97.42%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services28.2%
Basic Materials14.95%
Consumer Cyclical13.19%
Consumer Defensive11.9%
Technology11.68%
Health Care6.65%
Energy6.32%
Industrials3.69%
Communication Services0.84%
IDBI Equity Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
Banks - Regional6%₹31 Cr218,081
↓ -8,589
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services5%₹27 Cr211,297
↓ -8,375
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
Specialty Chemicals5%₹26 Cr93,755
↓ -3,690
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing5%₹25 Cr124,485
↓ -4,950
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 20 | 500034
Credit Services4%₹23 Cr43,519
↓ -1,724
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
Banks - Regional4%₹21 Cr102,904
↓ -24,113
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
Credit Services4%₹19 Cr501,956
↓ -19,970
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
Footwear & Accessories4%₹19 Cr119,169
↓ -34,724
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
Tobacco3%₹18 Cr48,686
↓ -1,982
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK
Banks - Regional3%₹16 Cr303,143
↑ 90,000
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Fund Managers

NameSinceTenure
Uma Venkatraman1 Jul 182.51 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
₹31.43
↑ 0.52
27.4 %8.45 %4.53 %10.86 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹20.88
↑ 0.34
27.39 %8.47 %4.31 %10.73 %
Data as on 19 Jan 21

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