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Fincash » Mutual Funds » IDBI Equity Advantage Fund

IDBI Equity Advantage Fund - G

NAV  ₹28.64 ↓ 0.12   (0.42 %) as on 23 Jan 20

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 2019 was 5.7% , 2018 was -1.7% and 2017 was 35.3% .

Below is the key information for IDBI Equity Advantage Fund

NAV as on 23 Jan 20₹28.64 ↓ 0.12   (0.42 %)
Net Assets (AUM) as on 31 Dec 2019 ₹576 Cr.
Launch Date10 Sep 2013
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDBI Asset Management Limited
Alpha Ratio-3.93
Expense Ratio2.53 %
Sharpe Ratio0.221
Information Ratio-0.3
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 23 Jan 20

DurationReturns
1 Month 2.4%
3 Month 3.2%
6 Month 16.8%
1 Year 12.4%
3 Year 11.4%
5 Year 6.5%
10 Year
15 Year
Since launch

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011

Growth of 10k Over Years

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,308
31 Dec 16₹10,303
31 Dec 17₹13,943
31 Dec 18₹13,701
31 Dec 19₹14,482
IDBI Equity Advantage Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash6.33%
Equity93.67%
IDBI Equity Advantage Fund Asset Allocation

Sector Allocation

SectorValue
Consumer Cyclical28.28%
Consumer Defensive20.3%
Financial Services20.08%
Basic Materials10.58%
Industrials8.76%
Health Care4.26%
Energy1.42%
IDBI Equity Advantage Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
7%₹39 Cr3,885,023
↓ -1,292,819
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
6%₹37 Cr86,262
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
6%₹33 Cr1,067,825
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
6%₹32 Cr671,959
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
5%₹32 Cr242,235
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
5%₹31 Cr190,489
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
5%₹31 Cr191,141
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
5%₹31 Cr4,827
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
5%₹27 Cr159,407
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
4%₹26 Cr11,670
1 - 10 of 28
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Fund Managers

NameSinceTenure
Uma Venkatraman1 Jul 181.33 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
₹28.64
↑ 0.12
16.8 %12.4 %11.38 %6.51 %
IDBI Equity Advantage Fund
Normal Dividend, Payout
₹19.02
↑ 0.07
16.76 %11.7 %11.13 %6.38 %
Data as on 23 Jan 20

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