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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹41.47 ↓ -0.26  (-0.62 %) as on 8 Jun 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 15.7% 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 8 Jun 23₹41.47 ↓ -0.26  (-0.62 %)
Net Assets (AUM) as on 30 Apr 2023 ₹467 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio1.7
Expense Ratio2.39 %
Sharpe Ratio0.063
Information Ratio-1.23
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 8 Jun 23

DurationReturns
1 Month 2.6%
3 Month 6.4%
6 Month 2%
1 Year 18.6%
3 Year 20.2%
5 Year 8.6%
10 Year
15 Year
Since launch 15.7%

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 May 18₹10,000
31 May 19₹9,486
31 May 20₹8,339
31 May 21₹12,127
31 May 22₹13,007
31 May 23₹14,920
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.37%
Equity98.63%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services36.68%
Basic Materials17.24%
Industrials16.17%
Technology10.49%
Consumer Cyclical7.66%
Energy4.81%
Consumer Defensive2.43%
Health Care1.72%
Communication Services1.08%
Real Estate0.34%
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 - Regional9%₹42 Cr247,297
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK
Banks - Regional8%₹39 Cr427,623
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
Banks - Regional6%₹26 Cr446,147
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | ABB
Specialty Industrial Machinery5%₹25 Cr71,781
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
Credit Services4%₹20 Cr232,325
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services4%₹20 Cr159,800
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing4%₹19 Cr77,980
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | AXISBANK
Banks - Regional4%₹18 Cr213,065
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
Engineering & Construction4%₹17 Cr71,038
PI Industries Ltd (Basic Materials)
Equity, Since 30 Sep 20 | PIIND
Agricultural Inputs3%₹13 Cr38,984
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Fund Managers

NameSinceTenure
Alok Ranjan16 Aug 211.71 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
₹41.47
↓ -0.26
2.04 %18.62 %20.25 %8.63 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹24.92
↓ -0.15
2.05 %18.61 %19.94 %8.32 %
Data as on 8 Jun 23

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