IDBI Equity Advantage Fund Direct Growth+0.88%

3Groww
14.56%
1 Year Return
Equity
ELSS
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Equity Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.15%
NAV29.75 (18 Oct 2019)
Fund Started10 Sep 2013
Fund Size589 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Equity Advantage Fund Direct Growth
14.6%
8.6%
12.4%
19.5%
Category Average
-6.3%
6.2%
9.9%
-
Rank within category
19
17
9
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 14.6% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the benchmark
    2. Exit load is zero
    Cons
    1. Risk-adjusted returns are lower compared to the category
    2. Risk is higher compared to the benchmark
    3. 3Y Returns are lower than the benchmark
    4. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Pidilite Industries Ltd.ChemicalsEquity5.9%
    Cholamandalam Investment & Finance Co. Ltd.FinancialEquity5.6%
    Bata India Ltd.FMCGEquity5.6%
    VST Industries Ltd.FMCGEquity5.5%
    Kotak Mahindra Bank Ltd.FinancialEquity5.3%
    MRF Ltd.AutomobileEquity5.2%
    TVS Motor Co. Ltd.AutomobileEquity4.8%
    Asian Paints Ltd.ChemicalsEquity4.8%
    Page Industries Ltd.TextilesEquity4.5%
    ABB Ltd.EngineeringEquity4.4%
    See All

    Fund Managers

    addUma Venkatraman
    Education
    Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.
    Experience
    Funds Managed

    Other Details

    IDBI Equity Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 10 Sep 2013. V Balasubramanian is the Current Fund Manager of IDBI Equity Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹589 Cr and the Latest NAV as of 18 Oct 2019 is ₹29.75.

    The IDBI Equity Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.

    Investment Objective

    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.

    Tax Implications

    Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About IDBI Mutual Fund

    Address
    5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
    Phone
    022-6644 2800
    Launch Date
    28 Mar 2010
    IDBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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