April 15, 2023
mayank
IDBI Equity Advantage Fund
NAV Growth: Rs 43.4100
NAV IDCW: Rs 26.7900
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to invest in 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, subject to a statutory lock-in for three years.
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 10-Sep-13 |
| Return Since Launch | 16.53% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 454 Cr |
| (As on 31-Mar-2023) | |
| Expense | 1.21% |
| (As on 28-Feb-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | — |
IDBI Equity Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Eqt Advtg Dir | -0.85 | 0.09 | 3.33 | -0.41 | 2.94 | 1.64 | 21.76 | 8.68 | 11.50 | — |
| S&P BSE 500 TRI | -3.07 | 0.10 | 3.50 | -2.40 | 1.79 | 0.12 | 28.33 | 11.51 | 13.98 | — |
| Equity: ELSS | -1.49 | 0.06 | 2.98 | -0.95 | 2.75 | 2.01 | 27.29 | 11.23 | 14.03 | — |
| Rank within category | 12 | 18 | 12 | 13 | 19 | 21 | 31 | 27 | 26 | — |
| Number of funds in category | 36 | 38 | 37 | 37 | 34 | 34 | 34 | 31 | 29 | 25 |
IDBI Equity Advantage Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| IDBI Eqt Advtg Dir | 2 star | 1.64 | 21.76 | 8.68 | 1.21 | 454 | 16.53 | — | 9yrs 7mo | 1.00 |
| Mirae Asset Tax Saver Dir | 5 star | 0.51 | 30.56 | 15.26 | 0.58 | 14,043 | 18.35 | — | 7yrs 3mo | 82.00 |
| DSP Tax Saver Dir | 4 star | 1.38 | 29.14 | 13.23 | 0.80 | 10,179 | 16.11 | — | 10yrs 3mo | 35.00 |
| Canara Robeco Eqt Tax Saver Dir | 5 star | 2.88 | 27.57 | 15.17 | 0.64 | 4,924 | 14.90 | — | 10yrs 3mo | 32.00 |
| Bandhan Tax Advtg (ELSS) Dir | 4 star | 1.69 | 37.66 | 12.50 | 0.75 | 4,169 | 16.99 | — | 10yrs 3mo | 13.00 |
Portfolio Analysis
| No. of Stocks | 41 |
| Top 10 Stocks | 51.29% |
| Top 5 Stocks | 32.49% |
| Top 3 Sectors | 57.73% |
| Portfolio P/B Ratio | 3.40 |
| Portfolio P/E Ratio | 23.16 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,73,175 | 1,57,906 |
| Giant (%) | 56.96 | 57.80 |
| Large (%) | 24.73 | 16.56 |
| Mid (%) | 16.85 | 21.56 |
| Small (%) | 1.46 | 6.80 |
| Tiny (%) | — | 0.31 |
Chanakya’s Mutual Fund Guidance For IDBI Equity Advantage Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://online.idbimutual.co.in/
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