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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹25.54 ↓ -0.05   (-0.20 %) as on 19 Jun 19

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 since its launch.  Ranked 21 in ELSS category. .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 19 Jun 19₹25.54 ↓ -0.05   (-0.20 %)
Net Assets (AUM) as on 30 Apr 2019 ₹592 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-12.96
Expense Ratio2.86 %
Sharpe Ratio-0.67
Information Ratio-0.73
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 Jun 19

DurationReturns
1 Month 1.2%
3 Month -0.8%
6 Month -4.9%
1 Year -5.7%
3 Year 8.4%
5 Year 12.8%
10 Year
15 Year
Since launch

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018
2017
2016
2015
2014
2013
2012
2011
2010

Growth of 10k Over Years

DateValue
31 May 14₹10,000
31 May 15₹15,672
31 May 16₹15,359
31 May 17₹18,107
31 May 18₹21,099
31 May 19₹20,015
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.57%
Equity98.43%
Debt0.01%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Consumer Cyclical31.08%
Financial Services23.1%
Consumer Defensive18.1%
Basic Materials11.72%
Industrials11.12%
Health Care3.32%
IDBI Equity Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
Credit Services7%₹42 Cr303,565
↓ -4,925
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
Apparel Manufacturing6%₹36 Cr15,670
↓ -299
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
Banks - Regional - Asia6%₹33 Cr241,141
↓ -5,333
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
Auto Manufacturers6%₹33 Cr671,959
↓ -14,383
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
Specialty Chemicals5%₹32 Cr262,235
↓ -5,711
GRUH Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | 511288
Specialty Finance5%₹31 Cr985,232
↓ -25,264
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
Tobacco5%₹30 Cr86,262
↓ -2,080
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
Specialty Chemicals5%₹28 Cr189,407
↓ -4,886
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
Footwear & Accessories5%₹28 Cr190,489
↓ -5,106
Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | EICHERMOT
Auto Manufacturers4%₹26 Cr12,688
↓ -349
1 - 10 of 30
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Fund Managers

NameSinceTenure
Uma Venkatraman1 Jul 180.59 Yr.
Ayushi Sethia9 Oct 180.31 Yr.

Custodians

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

Registrar & Transfer Agent

Karvy Fintech Pvt Ltd.
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
₹25.54
↓ -0.05
-4.95 %-5.65 %8.38 %12.82 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹16.97
↓ -0.03
-5.51 %-6.26 %8.16 %12.68 %
Data as on 19 Jun 19

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