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2 star

IDBI Equity Advantage Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.51 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.93 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
Fund 22.69 -1.49 -0.12 -5.33 -1.71 10.22 28.46 14.79 14.55 11.16 --
S&P BSE 500 TRI 28.27 -1.60 -0.29 -4.97 -1.24 9.59 34.46 19.56 17.37 12.66 --
Equity: ELSS 29.46 -1.61 -0.28 -4.63 -1.00 10.98 35.55 19.74 16.86 12.94 --
Rank within category 33 8 13 27 26 29 31 31 29 22 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 06-Dec-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 - Direct Plan
2 star
Sep-13 28.46 14.79 14.55 1.19% 544
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 31.14 21.70 19.94 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 39.22 25.47 23.01 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 39.41 22.98 18.03 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 49.10 22.50 20.38 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.89 17-Sep-2019 - 24-Sep-2019 -15.11 16-Mar-2020 - 23-Mar-2020
Month 14.00 23-Mar-2020 - 22-Apr-2020 -28.96 20-Feb-2020 - 23-Mar-2020
Quarter 26.84 17-Oct-2014 - 16-Jan-2015 -27.40 23-Dec-2019 - 23-Mar-2020
Year 94.96 28-Jan-2014 - 28-Jan-2015 -19.93 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.43 18.16 0.59 0.65 0.77 -1.61
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 19.84 21.49 0.75 0.81 0.95 0.85
Rank within category 33 2 28 26 1 26
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 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 47
Top 10 Stocks (%) 43.63
Top 5 Stocks (%) 28.64
Top 3 Sectors (%) 55.51
Portfolio P/B Ratio 3.80
Portfolio P/E Ratio 28.75

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,54,072 1,36,970
Giant (%) 53.90 53.06
Large (%) 20.25 14.68
Mid (%) 24.67 25.08
Small (%) 1.18 7.34
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 23.22 7.79 0.00 7.79
up HDFC Bank Financial 24.37 7.50 0.00 7.19
down Infosys Technology 34.10 7.02 0.00 5.91
equal State Bank of India Financial 14.49 4.12 0.00 4.12
equal Reliance Industries Energy 30.58 5.92 0.00 3.63
equal ABB India Ltd. Engineering 108.13 4.82 2.29 3.45
equal HCL Technologies Technology 26.74 3.45 0.00 3.08
equal HDFC Financial 23.99 4.05 0.00 2.97
equal Mphasis Technology 42.91 2.87 0.00 2.87
equal Cholamandalam Investment & Finance Company Financial 28.58 7.33 2.13 2.62
equal Page Industries Textiles 97.87 6.90 2.00 2.42
up Axis Bank Financial 20.34 2.41 0.00 2.41
equal Larsen & Toubro Construction 28.60 2.31 0.00 2.31
up SRF Diversified 41.17 2.30 0.00 2.16
equal PI Industries Chemicals 54.69 2.44 0.00 2.15
equal Tata Steel Metals 4.35 2.41 0.00 2.10
equal Ultratech Cement Construction 32.67 2.18 0.00 2.08
equal MindTree Technology 52.20 2.43 0.00 1.98
equal Bharat Forge Automobile 75.60 2.00 0.00 1.90
equal Nestle India FMCG 82.19 7.42 1.77 1.82
equal Kotak Mahindra Bank Financial 37.46 5.78 1.52 1.77
equal Century Plyboards (India) FMCG 49.47 1.76 0.00 1.76
equal Eicher Motors Automobile 40.04 4.87 1.41 1.73
equal Asian Paints Chemicals 89.53 6.15 1.68 1.68
equal Bharat Petroleum Corporation Energy 4.64 1.99 0.00 1.61

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-Oct-2021

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:


-1.49%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 40.8800

IDCW: ₹ 25.2300


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: 18.63%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 544 Cr (As on 31-Oct-2021)
Expense: 1.19% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average
Turnover: 57.00%

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

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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