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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹24.57 ↓ 0.11   (0.45 %) as on 22 Feb 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.  Return for 2018 was -1.7% , 2017 was 35.3% and 2016 was 0% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 22 Feb 19₹24.57 ↓ 0.11   (0.45 %)
Net Assets (AUM) as on 31 Jan 2019 ₹595 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-3.32
Expense Ratio2.86 %
Sharpe Ratio-0.486
Information Ratio-0.57
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 22 Feb 19

DurationReturns
1 Month -3.9%
3 Month -3.9%
6 Month -11.4%
1 Year -5.6%
3 Year 9.7%
5 Year 17.6%
10 Year
15 Year
Since launch

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011
2010

Growth of 10k Over Years

DateValue
31 Jan 14₹10,000
31 Jan 15₹19,173
31 Jan 16₹17,381
31 Jan 17₹19,311
31 Jan 18₹24,623
31 Jan 19₹23,051
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash2.83%
Equity96.93%
Debt0.01%
Other0.23%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Consumer Cyclical31.38%
Consumer Defensive20.68%
Financial Services20.28%
Basic Materials11.77%
Industrials11.73%
Health Care1.09%
IDBI Equity Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
Apparel Manufacturing6%₹37 Cr15,969
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
Credit Services6%₹36 Cr308,490
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
Auto Manufacturers6%₹34 Cr686,342
↓ -117,232
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
Specialty Chemicals5%₹32 Cr287,946
↓ -35,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
Banks - Regional - Asia5%₹31 Cr246,474
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
Rubber & Plastics5%₹30 Cr4,950
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
Tobacco5%₹28 Cr88,342
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND
Packaged Foods5%₹28 Cr23,954
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
Specialty Chemicals5%₹27 Cr194,293
United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Apr 15 | 532478
Beverages - Brewers5%₹27 Cr187,479
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Fund Managers

NameSinceTenure
Uma Venkatraman1 Jul 180.33 Yr.
Ayushi Sethia9 Oct 180.06 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 FundIDBI Mutual Fund Limited,,IDBI Building, Second Floor,,Plot No. 39/40/41, Sector 11,,CBD Belapur

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
₹24.57
↑ 0.11
-11.4 %-5.65 %9.7 %17.56 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹17.26
↑ 0.08
-11.4 %-5.59 %9.7 %17.57 %
Data as on 22 Feb 19

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