| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.20% |
| NAV | ₹28.27 (23 Oct 2020) |
|---|---|
| Fund Started | 10 Sep 2013 |
| Fund Size | ₹473 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Asian Paints Ltd. | Chemicals | Equity | 5.2% |
| Sanofi India Ltd. | Healthcare | Equity | 5.2% |
| Bata India Ltd. | FMCG | Equity | 5.1% |
| VST Industries Ltd. | FMCG | Equity | 5.1% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 5.0% |
| Hindustan Unilever Ltd. | FMCG | Equity | 4.8% |
| TVS Motor Co. Ltd. | Automobile | Equity | 4.7% |
| Nestle India Ltd. | FMCG | Equity | 4.5% |
| Pidilite Industries Ltd. | Chemicals | Equity | 4.4% |
| HDFC Bank Ltd. | Financial | Equity | 4.3% |
IDBI Equity Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 10 Sep 2013. V Balasubramanian is the Current Fund Manager of IDBI Equity Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹473 Cr and the Latest NAV as of 23 Oct 2020 is ₹28.27.
The IDBI Equity Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
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.
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.