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3 star

IDBI Equity Advantage Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.40 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -13.15 -0.24 -0.33 3.81 8.41 -13.76 -2.35 -0.40 3.28 -- --
S&P BSE 500 TRI -10.03 -0.42 1.44 6.45 18.81 -10.99 -4.74 2.35 6.32 -- --
Equity: ELSS -10.49 -0.38 1.11 5.42 15.05 -11.38 -5.48 0.31 4.84 -- --
Rank within category 30 13 38 35 38 28 12 19 22 -- --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 10-Jul-2020

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
3 star
Sep-13 -2.35 -0.40 3.28 2.39 475
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -0.30 6.12 7.63 1.74 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 0.47 2.61 6.88 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -3.45 2.37 7.37 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -0.76 5.35 -- 1.89 3,538

Best & Worst Performance

Best (Period) Worst (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 1.83 18.09 -0.19 -0.23 0.76 -2.69
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 19 1 23 25 1 20
Number of funds in category 34 34 34 34 34 34

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

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 57.75
Top 5 Stocks (%) 31.16
Top 3 Sectors (%) 64.18
Portfolio P/B Ratio 5.68
Portfolio P/E Ratio 35.26

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 36,058 91,142
Giant (%) 24.92 52.99
Large (%) 12.67 15.49
Mid (%) 55.41 23.90
Small (%) 7.00 7.82
Tiny (%) -- 0.04

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Pidilite Industries Chemicals 62.94 7.96 4.12 6.92
down Nestle India FMCG 79.90 7.42 2.86 6.82
down MRF Automobile 19.33 6.19 3.53 6.06
down Sanofi India Healthcare 43.18 6.00 0.00 5.74
down Hindustan Unilever FMCG 77.37 5.64 0.00 5.62
down Asian Paints Chemicals 60.39 6.15 3.41 5.61
down Kotak Mahindra Bank Financial 31.08 5.78 3.92 5.42
down TVS Motor Co. Automobile 29.33 9.44 4.34 5.30
down Bata India FMCG 49.68 6.00 2.08 5.18
down Wabco India Automobile 82.68 5.44 3.41 5.08
down VST Industries FMCG 16.63 6.43 3.79 4.97
down Page Industries Textiles 64.62 8.53 4.32 4.85
down Cholamandalam Invest. & Fin. Financial 16.21 7.97 3.35 4.21
down Sundaram Finance Financial 17.59 4.01 2.98 3.83
down ABB Engineering 69.60 4.82 2.83 3.36
down United Breweries FMCG 63.77 4.50 2.63 2.85
down Colgate-Palmolive FMCG 46.36 4.23 2.63 2.84
down Thermax Engineering 43.37 3.54 2.60 2.62
down CRISIL Financial 36.39 2.70 1.68 2.44
down Eicher Motors Automobile 29.07 6.85 1.41 1.79
down Bosch Automobile 60.58 3.57 1.61 1.77
new Rallis India Chemicals 28.53 1.27 0.00 1.27
equal HCL Technologies Technology 14.29 0.92 0.00 0.89
new Cadila Healthcare Healthcare 31.00 0.84 0.00 0.84
down ABB Power Products and Systems India Engineering -- 0.68 0.00 0.60

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 30-Jun-2020

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:


-0.24%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 24.5000

Dividend: ₹ 16.2800


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
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 10-Sep-2013
Return Since Launch: 14.01%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 475 Cr (As on 30-Jun-2020)
Expense: 2.39% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 18.00%

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

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM