Fund Details
IDBI Equity Advantage Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.25% |
| NAV | ₹33.67 (25 Jan 2021) |
|---|---|
| Fund Started | 10 Sep 2013 |
| Fund Size | ₹528 Cr |
Returns
Comparison
1. Exit load is zero
2. 3Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 1Y Returns are lower than the category average returns
3. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 5.9% |
| Infosys Ltd. | Technology | Equity | 5.0% |
| Asian Paints Ltd. | Chemicals | Equity | 4.9% |
| Reliance Industries Ltd. | Energy | Equity | 4.7% |
| Bajaj Finance Ltd. | Financial | Equity | 4.4% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.9% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 3.7% |
| Bata India Ltd. | FMCG | Equity | 3.6% |
| VST Industries Ltd. | FMCG | Equity | 3.4% |
| ICICI Bank Ltd. | Financial | Equity | 3.1% |
Fund Managers
IDBI Equity Advantage Fund Direct Growth Details
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 ₹528 Cr and the Latest NAV as of 25 Jan 2021 is ₹33.67.
The IDBI Equity Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
Investment Objective
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.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
