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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹31.04 ↑ 0.39  (1.27 %) as on 13 Apr 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 16.1% since its launch.  Ranked 21 in ELSS category.  Return for 2020 was 8.4% , 2019 was 5.7% and 2018 was -1.7% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 13 Apr 21₹31.04 ↑ 0.39  (1.27 %)
Net Assets (AUM) as on 28 Feb 2021 ₹515 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-8.42
Expense Ratio2.37 %
Sharpe Ratio0.564
Information Ratio-0.66
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 13 Apr 21

DurationReturns
1 Month -4.6%
3 Month -1.7%
6 Month 20.3%
1 Year 39.5%
3 Year 4.4%
5 Year 9.3%
10 Year
15 Year
Since launch 16.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2020 8.4%
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012

Growth of 10k Over Years

DateValue
31 Mar 16₹10,000
31 Mar 17₹11,722
31 Mar 18₹13,326
31 Mar 19₹13,465
31 Mar 20₹11,306
31 Mar 21₹16,288
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.78%
Equity99.22%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services36.52%
Basic Materials13.7%
Consumer Cyclical13.48%
Technology12.87%
Energy7.02%
Consumer Defensive6.7%
Industrials5.44%
Health Care2.29%
Communication Services1.19%
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 - Regional8%₹39 Cr251,881
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK
Banks - Regional6%₹30 Cr503,143
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
Information Technology Services5%₹26 Cr211,297
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Sep 20 | RELIANCE
Oil & Gas Refining & Marketing5%₹26 Cr124,485
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 20 | 500034
Credit Services4%₹23 Cr43,519
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC
Mortgage Finance4%₹21 Cr82,026
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
Banks - Regional4%₹18 Cr102,904
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 500002
Specialty Industrial Machinery3%₹17 Cr110,793
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | SUNDARMFIN
Credit Services3%₹15 Cr54,984
HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 20 | HCLTECH
Information Technology Services3%₹14 Cr158,917
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Fund Managers

NameSinceTenure
Uma Venkatraman1 Jul 182.75 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
₹31.04
↑ 0.39
20.31 %39.51 %4.4 %9.33 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹20.62
↑ 0.26
20.3 %39.51 %4.18 %9.2 %
Data as on 13 Apr 21

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