VR Logo

2 star

IDBI Equity Advantage Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.23 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.43 Lakh

Suitability:

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. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 6.12 -1.25 2.40 1.31 11.17 28.53 18.22 7.14 11.78 16.28 --
S&P BSE 500 TRI 9.21 -1.16 2.99 2.34 14.67 34.52 37.49 12.72 16.61 15.85 --
Equity: ELSS 9.03 -1.18 2.59 2.19 14.25 32.40 31.51 10.35 15.13 16.04 --
Rank within category 32 24 21 26 33 30 37 30 32 14 --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 05-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Equity Advantage Fund - Regular Plan
2 star
Sep-13 18.22 7.14 11.78 2.42 497
Axis Long Term Equity Fund
4 star
Dec-09 26.55 15.54 17.10 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 34.32 13.27 17.35 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 42.61 16.92 22.31 1.83 5,648
UTI Long Term Equity Fund  | Invest Online
4 star
Dec-99 32.93 12.00 14.91 2.12 1,641

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.82 19-Sep-2019 - 26-Sep-2019 -15.10 16-Mar-2020 - 23-Mar-2020
Month 13.88 23-Mar-2020 - 22-Apr-2020 -29.03 20-Feb-2020 - 23-Mar-2020
Quarter 26.61 17-Oct-2014 - 16-Jan-2015 -27.61 23-Dec-2019 - 23-Mar-2020
Year 93.66 28-Jan-2014 - 28-Jan-2015 -21.00 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.72 19.49 0.16 0.20 0.78 -3.65
S&P BSE 500 TRI 13.30 23.03 0.38 0.45 -- --
Equity: ELSS 11.22 22.63 0.29 0.34 0.96 -1.72
Rank within category 32 2 30 30 1 27
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 28-Feb-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 38
Top 10 Stocks (%) 43.99
Top 5 Stocks (%) 25.45
Top 3 Sectors (%) 56.08
Portfolio P/B Ratio 4.28
Portfolio P/E Ratio 32.13

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,00,256 1,10,550
Giant (%) 48.58 52.11
Large (%) 11.96 15.12
Mid (%) 32.52 24.30
Small (%) 6.94 8.62
Tiny (%) -- 0.47

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 27.48 7.05 0.00 7.05
equal Infosys Technology 30.15 5.27 0.00 5.27
equal Reliance Industries Energy 34.87 5.92 0.00 4.62
up ICICI Bank Financial 28.58 4.36 0.00 4.36
equal Bajaj Finance Financial 81.58 4.36 0.00 4.15
equal Cholamandalam Invest. & Fin. Financial 32.76 7.97 2.92 4.02
up HDFC Financial 26.19 3.93 0.00 3.93
down Asian Paints Chemicals 83.28 6.15 3.41 3.58
equal Kotak Mahindra Bank Financial 40.96 5.78 3.55 3.55
equal TVS Motor Co. Automobile 82.11 8.38 2.81 3.46
equal ABB Engineering 136.98 4.82 2.29 3.10
equal Hindustan Unilever FMCG 70.63 5.77 0.00 3.01
equal HCL Technologies Technology 19.33 3.10 0.00 2.93
down Bata India FMCG -- 6.00 2.29 2.85
down Page Industries Textiles 122.65 8.53 2.63 2.63
down VST Industries FMCG 17.32 6.43 2.40 2.40
equal Mphasis Technology 24.34 2.52 0.00 2.40
down Pidilite Industries Chemicals 90.92 7.96 2.38 2.38
equal Sanofi India Healthcare 39.72 6.00 0.00 2.32
equal United Breweries FMCG 552.72 4.50 1.86 2.31
equal Eicher Motors Automobile 62.87 6.08 1.41 2.27
equal MRF Automobile 23.15 6.19 1.81 2.13
up Larsen & Toubro Construction 17.89 2.07 0.00 2.07
down Nestle India FMCG 77.67 7.42 1.94 1.94
equal Sundaram Finance Financial 27.88 4.14 1.84 1.88

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2021

Fund Manager

— Uma Venkatraman since 01-Jul-2018

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

Funds Managed:


-1.25%

Change from previous, NAV as on 05-Mar-2021

Growth: ₹ 32.4400

Dividend: ₹ 21.5500


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.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 10-Sep-2013
Return Since Launch: 17.02%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 497 Cr (As on 31-Jan-2021)
Expense: 2.42% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 70.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend04-Apr-20190.8854

 20-Mar-20181.6000
 26-Sep-20171.5000
 27-Sep-20161.0000
 16-Sep-20151.4000
 18-Sep-20141.0000

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

The freedom of investments for her

dateMonday, 08-Mar-2021
time12:30 PM - 01:00 PM