IDBI Equity Advantage Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
10.53%
3Y annualised
-1.96% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Jan 2023₹42.12
Min. SIP amount₹500
Rating2
Fund size₹480.04Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns1.1%10.5%8.3%16.6%
Category average0.7%14.1%8.7%NA
Rank with in category213124NA
Understand terms

Holdings (41)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity8.8%
HDFC Bank Ltd.FinancialEquity8.4%
State Bank of IndiaFinancialEquity5.7%
Infosys Ltd.TechnologyEquity5.0%
Reliance Industries Ltd.EnergyEquity4.1%
Axis Bank Ltd.FinancialEquity4.1%
ABB India Ltd.Capital GoodsEquity4.0%
Cholamandalam Investment and Finance Company Ltd.FinancialEquity3.5%
HCL Technologies Ltd.TechnologyEquity3.2%
Housing Development Finance Corporation Ltd.FinancialEquity3.1%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
3Y and 5Y annualised returns lower than category average
Lower expense ratio: 1.21%
Lock-in period: 3Y
1Y annualised returns higher than category average by 0.41%
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 1.21%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Alok Ranjan
Aug 2021 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Phone
022-66442800 / 1800-419-4324
Launch Date
29 Mar 2010
Website
NA
IDBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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