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2 star

IDBI Equity Advantage Fund - Regular Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.32 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.13 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.

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(₹)
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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
IDBI Equity Advantage Reg-G -11.44 -0.38 2.69 -3.44 -9.96 -10.55 -0.32 9.77 7.27 7.81 --
S&P BSE 500 TRI -9.56 -0.34 2.87 -3.09 -8.51 -8.74 0.86 13.24 11.62 11.61 --
Equity: ELSS -11.16 -0.38 2.92 -2.83 -8.59 -10.33 -0.97 11.65 9.75 10.24 --
Rank within category 20 20 25 31 30 20 16 22 28 27 --
Number of funds in category 36 36 36 36 36 36 36 34 32 28 26

As on 29-Jun-2022

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 -0.32 9.77 7.27 2.43% 473
Axis Long Term Equity Fund
4 star
Dec-09 -11.62 8.57 10.02 1.55% 29,584
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 -1.01 15.53 13.88 1.66% 11,805
DSP Tax Saver Fund
4 star
Jan-07 -1.07 14.20 11.75 1.78% 9,504
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
Mar-93 -1.34 15.01 13.77 2.04% 3,602

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
IDBI Equity Advantage Reg-G 12.23 18.10 0.48 0.55 0.77 -1.06
S&P BSE 500 TRI 16.28 22.07 0.58 0.66 -- --
Equity: ELSS 14.81 21.55 0.52 0.57 0.95 -0.78
Rank within category 27 2 20 17 1 15
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 31-May-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 43
Top 10 Stocks (%) 47.05
Top 5 Stocks (%) 30.56
Top 3 Sectors (%) 55.35
Portfolio P/B Ratio 3.34
Portfolio P/E Ratio 21.77

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,55,715 1,36,894
Giant (%) 53.46 53.53
Large (%) 29.80 17.41
Mid (%) 15.51 22.72
Small (%) 1.23 6.68
Tiny (%) -- 0.21

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
equal ICICI Bank Financial 19.63 8.42 0.00 8.42
equal HDFC Bank Financial 19.70 7.50 0.00 7.26
equal Infosys Technology 27.84 7.19 0.00 6.13
equal State Bank of India Financial 11.77 4.59 0.00 4.41
equal Reliance Industries Energy 29.05 5.92 0.00 4.34
equal ABB India Ltd. Capital Goods 64.87 4.82 2.29 3.68
equal Cholamandalam Investment & Finance Company Financial 23.66 6.11 2.13 3.34
equal HCL Technologies Technology 19.57 3.66 0.00 3.23
equal Page Industries Textiles 84.20 5.65 2.00 3.15
equal Axis Bank Financial 13.85 3.17 0.00 3.09
equal HDFC Financial 17.50 4.05 0.00 2.77
equal Mphasis Technology 30.34 3.19 0.00 2.65
equal Larsen & Toubro Construction 25.28 2.59 0.00 2.48
equal PI Industries Chemicals 46.41 2.44 0.00 2.27
equal SRF Diversified 35.48 2.54 0.00 2.23
equal Century Plyboards (India) Materials 37.13 2.49 0.00 2.16
equal Bharat Forge Automobile 28.11 2.01 0.00 2.01
equal Nestle India Consumer Staples 78.71 7.42 1.77 1.95
equal Tata Steel Metals & Mining 2.65 2.41 0.00 1.94
equal Eicher Motors Automobile 45.91 4.26 1.41 1.94
equal Ultratech Cement Materials 22.09 2.18 0.00 1.91
equal Kotak Mahindra Bank Financial 27.27 5.78 1.52 1.85
equal Bharti Airtel Communication 94.34 1.83 0.00 1.82
equal Thermax Capital Goods 80.34 3.42 0.00 1.58
equal MindTree Technology 29.05 2.43 0.00 1.55

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-May-2022

Fund Manager

— Alok Ranjan since 06-Aug-2021

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.

Funds Managed:


-0.38%

Change from previous, NAV as on 29-Jun-2022

Growth: ₹ 34.0000

IDCW: ₹ 20.4300


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. 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: 14.91%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 473 Cr (As on 31-May-2022)
Expense: 2.43% (As on 31-May-2022)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 12.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Apr-20212.0000

 04-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

Fax: 022-66442801

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

Registrar & Transfer Agent: KFin Technologies Ltd.

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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