IDBI Equity Advantage Fund

Equity · ELSS
 · ★★
500
Min SIP
500
Min Lumpsum
1.21 %
Expense Ratio
★★
Rating
466
Fund Size (in Cr)
10 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 01 June 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 16.1% 21.7% 9.8% 17%
Category Average 13% 26.6% 12.5% -

Scheme Allocation

By Holding
By Sector
By Asset
HDFC Bank
8.94%
ICICI Bank
8.41%
St Bk of India
5.53%
A B B
5.26%
Cholaman.Inv.&Fn
4.34%
Others
67.52%
Banks
30.6%
IT-Software
10.49%
Electrical Equipments
7.09%
Finance
6.09%
Cement & Cement Products
6.08%
Others
39.65%
Equity
98.62%
Reverse Repos
0.78%
Net Curr Ass/Net Receivables
0.6%
Others
0%

Advance Ratio

-0.1
Alpha
4.11
SD
0.87
Beta
0.42
Sharpe

Exit Load

Exit Load Nil

Fund Objective

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.

Fund Managers

Alok Ranjan - Equity - Fund Manager

Mr. Alok Ranjan is the Head Equity and Fund Manager at IDBI Mutual Fund. He has about 25 years of experience in different fields of financial services. His educational qualifications include MBA (Finance) and B.Sc Physics (Honors). Before joining IDBI Mutual Fund, he worked with Shriram Asset Management Ltd.(Fund Manager), Way2wealth Securities Ltd.(Head of Research), and Advisory First Global Ltd.(Vice President Research).

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

IDBI Mutual Fund
AUM:
3,733 Cr
Address:
4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005
Contact:
022 - 66442800
Email ID:
contactus@idbimutual.co.in

Frequently Asked Questions

How to invest in IDBI Equity Advantage Fund ?

You can invest in IDBI Equity Advantage Fund in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for IDBI Equity Advantage Fund in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of IDBI Equity Advantage Fund ?

The NAV of IDBI Equity Advantage Fund is ₹46 as of 01 June 2023.

How to redeem IDBI Equity Advantage Fund holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of IDBI Equity Advantage Fund?

The minimum SIP amount of IDBI Equity Advantage Fund is ₹500

What are the top sectors IDBI Equity Advantage Fund has invested in??

The top sectors IDBI Equity Advantage Fund has invested in are
  1. HDFC Bank - 8.94%
  2. ICICI Bank - 8.41%
  3. St Bk of India - 5.53%
  4. A B B - 5.26%
  5. Cholaman.Inv.&Fn - 4.34%

How much returns have IDBI Equity Advantage Fund generated ?

The IDBI Equity Advantage Fund has delivered 17% since inception

What is the expense ratio of IDBI Equity Advantage Fund ?

The expense ratio of IDBI Equity Advantage Fund is 1.21 % as of 01 June 2023.

What is the AUM of IDBI Equity Advantage Fund?

The AUM of IDBI Equity Advantage Fund is ₹3,733 Cr as of 01 June 2023

What are the top stock holdings of IDBI Equity Advantage Fund?

The top stock holdings of IDBI Equity Advantage Fund are
  1. HDFC Bank - 8.94%
  2. ICICI Bank - 8.41%
  3. St Bk of India - 5.53%
  4. A B B - 5.26%
  5. Cholaman.Inv.&Fn - 4.34%
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