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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
₹ 3.45 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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(₹)
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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 -13.05 -1.29 0.62 2.85 11.35 -11.51 -2.74 -0.31 3.24 -- --
S&P BSE 500 TRI -10.42 -0.76 2.76 5.61 22.89 -9.68 -5.65 2.53 6.22 -- --
Equity: ELSS -10.78 -0.78 2.19 4.49 18.90 -10.01 -6.26 0.42 4.79 -- --
Rank within category 29 37 38 35 38 23 12 19 22 -- --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 08-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 -2.74 -0.31 3.24 2.39 451
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -1.38 6.35 7.62 1.74 19,127
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -0.48 2.75 6.88 1.93 9,177
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -3.96 2.53 7.26 1.87 5,359
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -1.29 5.56 -- 1.89 3,141

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 26
Top 10 Stocks (%) 60.06
Top 5 Stocks (%) 32.93
Top 3 Sectors (%) 64.63
Portfolio P/B Ratio 5.27
Portfolio P/E Ratio 31.10

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 35,162 81,886
Giant (%) 25.53 51.09
Large (%) 13.98 16.11
Mid (%) 54.33 24.48
Small (%) 6.16 8.30
Tiny (%) -- 0.22

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 Pidilite Industries Chemicals 63.06 7.96 4.12 7.89
equal Nestle India FMCG 79.72 7.42 2.86 7.42
equal Sanofi India Healthcare 42.56 6.00 0.00 6.00
equal Asian Paints Chemicals 59.80 6.15 3.41 5.95
equal MRF Automobile 19.49 6.19 3.53 5.67
up Hindustan Unilever FMCG 76.03 5.64 0.00 5.64
equal Bata India FMCG 50.57 6.00 1.96 5.60
equal Wabco India Automobile 82.59 5.44 3.41 5.44
equal VST Industries FMCG 16.36 6.43 3.79 5.26
equal Kotak Mahindra Bank Financial 31.14 5.78 3.92 5.19
equal TVS Motor Co. Automobile 29.27 9.44 4.34 5.00
equal Page Industries Textiles 65.18 8.53 4.32 4.88
equal Colgate-Palmolive FMCG 46.31 4.23 2.63 4.15
equal Sundaram Finance Financial 18.92 4.01 2.98 3.56
equal Cholamandalam Invest. & Fin. Financial 15.97 7.97 3.35 3.35
equal ABB Engineering 71.71 4.82 2.83 2.83
equal United Breweries FMCG 65.61 4.50 2.63 2.80
equal Thermax Engineering 42.78 3.54 2.60 2.63
equal CRISIL Financial 35.27 2.81 1.68 2.22
equal Eicher Motors Automobile 28.96 6.85 1.41 1.72
equal Bosch Automobile 61.24 3.57 1.61 1.61
equal Cummins India Engineering 16.16 3.23 1.25 1.38
new HCL Technologies Technology 14.10 0.92 0.00 0.92
equal ABB Power Products and Systems India Engineering -- 0.68 0.00 0.62
equal Castrol India Energy 16.07 2.62 0.43 0.49

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-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:


-1.29%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 24.5300

Dividend: ₹ 16.2900


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: 14.04%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 451 Cr (As on 31-May-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

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