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IDBI Equity Advantage Fund Direct Growth
ELSS • 3Y Lock-in
Equity
ELSS
Very High Risk
+22.30%
3Y annualised
+0.10% 1D
NAV: 28 Jul '23
₹48.77
Min. SIP amount
Not Supported
Fund size
₹484.91 Cr
Expense ratio
1.21%
Holdings (38)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 8.68% |
| ICICI Bank Ltd. | Financial | Equity | 8.24% |
| ABB India Ltd. | Capital Goods | Equity | 6.55% |
| State Bank of India | Financial | Equity | 5.27% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 4.53% |
| Infosys Ltd. | Technology | Equity | 4.40% |
| Axis Bank Ltd. | Financial | Equity | 4.34% |
| Reliance Industries Ltd. | Energy | Equity | 4.10% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.63% |
| PI Industries Ltd. | Chemicals | Equity | 3.15% |
| HCL Technologies Ltd. | Technology | Equity | 2.86% |
| Ultratech Cement Ltd. | Construction | Equity | 2.54% |
| Nestle India Ltd. | Consumer Staples | Equity | 2.47% |
| Century Plyboards (India) Ltd. | Consumer Staples | Equity | 2.43% |
| Page Industries Ltd. | Textiles | Equity | 2.42% |
| Bharat Forge Ltd. | Automobile | Equity | 2.32% |
| SRF Ltd. | Diversified | Equity | 2.02% |
| Mphasis Ltd. | Technology | Equity | 1.89% |
| LTIMindtree Ltd. | Technology | Equity | 1.88% |
| Eicher Motors Ltd. | Automobile | Equity | 1.83% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 1.81% |
| Grasim Industries Ltd. | Construction | Equity | 1.78% |
| Thermax Ltd. | Capital Goods | Equity | 1.76% |
| Asian Paints Ltd. | Chemicals | Equity | 1.70% |
| Polycab India Ltd. | Capital Goods | Equity | 1.40% |
| Shree Cement Ltd. | Construction | Equity | 1.34% |
| Coromandel International Ltd. | Chemicals | Equity | 1.32% |
| Cipla Ltd. | Healthcare | Equity | 1.26% |
| Bharti Airtel Ltd. | Communication | Equity | 1.14% |
| Tata Steel Ltd. | Metals & Mining | Equity | 1.13% |
| Voltas Ltd. | Consumer Discretionary | Equity | 1.02% |
| Honeywell Automation India Ltd. | Capital Goods | Equity | 1.00% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.99% |
| Indusind Bank Ltd. | Financial | Equity | 0.96% |
| Bharat Petroleum Corporation Ltd. | Energy | Equity | 0.75% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | Equity | 0.59% |
| Dalmia Bharat Ltd. | Construction | Equity | 0.45% |
| NCC Ltd. | Construction | Equity | 0.41% |
See All
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +18.4% | +22.3% | +11.4% | +17.4% |
| Category average (Equity ELSS) | +2.4% | +16.4% | +16.5% | -- |
| Rank (Equity ELSS) | 25 | 25 | 24 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
SBI ELSS Tax Saver Fund Direct Growth | +7.81% | +23.97% | 32,608.80 | |
WhiteOak Capital ELSS Tax Saver Fund Direct Growth | +8.31% | +22.58% | 448.30 | |
HDFC ELSS Tax Saver Fund Direct Plan Growth | +12.09% | +21.73% | 17,163.37 | |
Quantum ELSS Tax Saver Fund Direct Growth | +6.49% | +17.80% | 227.26 | |
Parag Parikh ELSS Tax Saver Fund Direct Growth | +6.99% | +17.76% | 5,914.69 | |
| Compare | ||||
About IDBI Equity Advantage Fund Direct Growth
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 29 Mar 2010. The fund currently has an Asset Under Management(AUM) of ₹3,592 Cr and the Latest NAV as of 28 Jul 2023 is ₹48.77.
The IDBI Equity Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500.
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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.;
Fund benchmarkNIFTY 500 Total Return Index
Fund house
Rank (total assets)#29 in India
Total AUM₹3,591.62 Cr
Date of Incorporation29 Mar 2010
Launch Date29 Mar 2010
Address4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,