How to Invest in IDBI Equity Advantage Fund Direct Growth?

You can easily invest in IDBI Equity Advantage Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for IDBI Equity Advantage Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in IDBI Equity Advantage Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does IDBI Equity Advantage Fund Direct Growth provide?

The IDBI Equity Advantage Fund Direct Growth has been there from 10 Sep 2013 and the average annual returns provided by this fund is 18.35% since its inception.

How much expense ratio is charged by IDBI Equity Advantage Fund Direct Growth?

The term Expense Ratio used for IDBI Equity Advantage Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of IDBI Equity Advantage Fund Direct Growth is 1.21% as of 02 Apr 2025...

What is the AUM of IDBI Equity Advantage Fund Direct Growth?

The AUM, short for Assets Under Management of IDBI Equity Advantage Fund Direct Growth is ₹484.91Cr as of 02 Apr 2025.

How to Redeem IDBI Equity Advantage Fund Direct Growth?

If you want to sell your IDBI Equity Advantage Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of IDBI Equity Advantage Fund Direct Growth?

You can select either SIP or Lumpsum investment of IDBI Equity Advantage Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of IDBI Equity Advantage Fund Direct Growth?

The NAV of IDBI Equity Advantage Fund Direct Growth is ₹48.77 as of 28 Jul 2023.

What is the PE and PB ratio of IDBI Equity Advantage Fund Direct Growth?

The PE ratio ratio of IDBI Equity Advantage Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

IDBI Equity Advantage Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

IDBI Equity Advantage Fund Direct Growth
Equity
ELSS
Very High Risk
3Y Lock In
2012345678920123456789.3012345678900123456789%
3Y annualised
+0.10% 1D
1M
6M
1Y
3Y
5Y
All
  NAV: 28 Jul 2023₹48.77
Min. SIP amountNot Supported
Rating2
Fund size₹484.91Cr
Holdings (38)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity8.68%
ICICI Bank Ltd.
FinancialEquity8.24%
ABB India Ltd.
Capital GoodsEquity6.55%
State Bank of India
FinancialEquity5.27%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity4.53%
Infosys Ltd.
TechnologyEquity4.40%
Axis Bank Ltd.
FinancialEquity4.34%
Reliance Industries Ltd.
EnergyEquity4.10%
Larsen & Toubro Ltd.
ConstructionEquity3.63%
PI Industries Ltd.
ChemicalsEquity3.15%
HCL Technologies Ltd.
TechnologyEquity2.86%
Ultratech Cement Ltd.
ConstructionEquity2.54%
Nestle India Ltd.
Consumer StaplesEquity2.47%
Century Plyboards (India) Ltd.
Consumer StaplesEquity2.43%
Page Industries Ltd.
TextilesEquity2.42%
Bharat Forge Ltd.
AutomobileEquity2.32%
SRF Ltd.
DiversifiedEquity2.02%
Mphasis Ltd.
TechnologyEquity1.89%
LTIMindtree Ltd.
TechnologyEquity1.88%
Eicher Motors Ltd.
AutomobileEquity1.83%
Kotak Mahindra Bank Ltd.
FinancialEquity1.81%
Grasim Industries Ltd.
ConstructionEquity1.78%
Thermax Ltd.
Capital GoodsEquity1.76%
Asian Paints Ltd.
ChemicalsEquity1.70%
Polycab India Ltd.
Capital GoodsEquity1.40%
Shree Cement Ltd.
ConstructionEquity1.34%
Coromandel International Ltd.
ChemicalsEquity1.32%
Cipla Ltd.
HealthcareEquity1.26%
Bharti Airtel Ltd.
CommunicationEquity1.14%
Tata Steel Ltd.
Metals & MiningEquity1.13%
Voltas Ltd.
Consumer DiscretionaryEquity1.02%
Honeywell Automation India Ltd.
Capital GoodsEquity1.00%
Crompton Greaves Consumer Electricals Ltd.
Consumer DiscretionaryEquity0.99%
Indusind Bank Ltd.
FinancialEquity0.96%
Bharat Petroleum Corporation Ltd.
EnergyEquity0.75%
Apollo Hospitals Enterprise Ltd.
HealthcareEquity0.59%
Dalmia Bharat Ltd.
ConstructionEquity0.45%
NCC Ltd.
ConstructionEquity0.41%
See All
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns18.4%22.3%11.4%17.4%
Category average4.5%13.7%25.8%NA
Rank with in category252524NA
Understand terms
Peer ComparisonEquity, ELSS fundsRating1Y3YFund Size(Cr)
SBI Long Term Equity Fund Direct Plan Growth
5
8.7%23.2%25,723.50
Motilal Oswal ELSS Tax Saver Fund Direct Growth
5
8.7%22.2%3,405.01
HDFC ELSS Tax Saver Fund Direct Plan Growth
5
10.9%20.8%14,671.37
Parag Parikh ELSS Tax Saver Fund Direct   Growth
5
12.4%17.7%4,477.32
Quantum ELSS Tax Saver Fund Direct Growth
4
9.8%16.5%200.37
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Jun 2023 - Present
1.21%
31 May 2023 - 30 Jun 2023
1.21%
30 Apr 2023 - 31 May 2023
1.21%
31 Mar 2023 - 30 Apr 2023
1.21%
28 Feb 2023 - 31 Mar 2023
1.21%
31 Jan 2023 - 28 Feb 2023
1.21%
31 Dec 2022 - 31 Jan 2023
1.21%
31 Dec 2022 - 31 Dec 2022
1.21%
31 Dec 2022 - 31 Dec 2022
1.21%
30 Nov 2022 - 31 Dec 2022
1.20%
30 Nov 2022 - 30 Nov 2022
1.20%
30 Nov 2022 - 30 Nov 2022
1.20%
30 Nov 2022 - 30 Nov 2022
1.20%
31 Oct 2022 - 30 Nov 2022
1.21%
31 Oct 2022 - 31 Oct 2022
1.21%
31 Oct 2022 - 31 Oct 2022
1.21%
31 Oct 2022 - 31 Oct 2022
1.21%
31 Oct 2022 - 31 Oct 2022
1.21%
30 Sep 2022 - 31 Oct 2022
1.21%
30 Sep 2022 - 30 Sep 2022
1.21%
30 Sep 2022 - 30 Sep 2022
1.21%
30 Sep 2022 - 30 Sep 2022
1.21%
31 Aug 2022 - 30 Sep 2022
1.20%
31 Aug 2022 - 31 Aug 2022
1.20%
31 Aug 2022 - 31 Aug 2022
1.20%
31 Jul 2022 - 31 Aug 2022
1.22%
31 Jul 2022 - 31 Jul 2022
1.22%
31 Jul 2022 - 31 Jul 2022
1.22%
30 Jun 2022 - 31 Jul 2022
1.22%
30 Jun 2022 - 30 Jun 2022
1.22%
30 Jun 2022 - 30 Jun 2022
1.22%
31 May 2022 - 30 Jun 2022
1.22%
31 May 2022 - 31 May 2022
1.22%
31 May 2022 - 31 May 2022
1.22%
30 Apr 2022 - 31 May 2022
1.22%
30 Apr 2022 - 30 Apr 2022
1.22%
30 Apr 2022 - 30 Apr 2022
1.22%
31 Mar 2022 - 30 Apr 2022
1.20%
31 Mar 2022 - 31 Mar 2022
1.20%
31 Mar 2022 - 31 Mar 2022
1.20%
28 Feb 2022 - 31 Mar 2022
1.21%
28 Feb 2022 - 28 Feb 2022
1.21%
28 Feb 2022 - 28 Feb 2022
1.21%
31 Jan 2022 - 28 Feb 2022
1.19%
31 Jan 2022 - 31 Jan 2022
1.19%
31 Dec 2021 - 31 Jan 2022
1.20%
31 Dec 2021 - 31 Dec 2021
1.20%
30 Nov 2021 - 31 Dec 2021
1.19%
31 Oct 2021 - 30 Nov 2021
1.19%
30 Sep 2021 - 31 Oct 2021
1.18%
31 Aug 2021 - 30 Sep 2021
1.19%
31 Jul 2021 - 31 Aug 2021
1.19%
30 Jun 2021 - 31 Jul 2021
1.20%
31 May 2021 - 30 Jun 2021
1.19%
30 Apr 2021 - 31 May 2021
1.19%
31 Mar 2021 - 30 Apr 2021
1.22%
28 Feb 2021 - 31 Mar 2021
1.21%
31 Jan 2021 - 28 Feb 2021
1.22%
31 Dec 2020 - 31 Jan 2021
1.25%
30 Nov 2020 - 31 Dec 2020
1.25%
31 Oct 2020 - 30 Nov 2020
1.20%
30 Sep 2020 - 31 Oct 2020
1.20%
31 Aug 2020 - 30 Sep 2020
1.20%
31 Jul 2020 - 31 Aug 2020
1.20%
30 Jun 2020 - 31 Jul 2020
1.20%
31 May 2020 - 30 Jun 2020
1.19%
30 Apr 2020 - 31 May 2020
1.19%
31 Mar 2020 - 30 Apr 2020
1.19%
29 Feb 2020 - 31 Mar 2020
1.17%
31 Jan 2020 - 29 Feb 2020
1.15%
30 Nov 2019 - 31 Jan 2020
1.15%
31 Oct 2019 - 30 Nov 2019
1.15%
30 Sep 2019 - 31 Oct 2019
1.15%
31 Aug 2019 - 30 Sep 2019
1.17%
31 Jul 2019 - 31 Aug 2019
1.17%
30 Jun 2019 - 31 Jul 2019
0.85%
31 May 2019 - 30 Jun 2019
0.85%
30 Apr 2019 - 31 May 2019
0.84%
31 Mar 2019 - 30 Apr 2019
0.78%
28 Feb 2019 - 31 Mar 2019
0.82%
31 Jan 2019 - 28 Feb 2019
0.82%
31 Dec 2018 - 31 Jan 2019
0.81%
30 Nov 2018 - 31 Dec 2018
0.81%
31 Oct 2018 - 30 Nov 2018
0.82%
30 Sep 2018 - 31 Oct 2018
0.86%
31 Aug 2018 - 30 Sep 2018
0.86%
31 Jul 2018 - 31 Aug 2018
0.87%
30 Jun 2018 - 31 Jul 2018
0.87%
31 May 2018 - 30 Jun 2018
0.86%
30 Apr 2018 - 31 May 2018
0.86%
31 Mar 2018 - 30 Apr 2018
0.87%
28 Feb 2018 - 31 Mar 2018
0.87%
31 Jan 2018 - 28 Feb 2018
1.09%
31 Dec 2017 - 31 Jan 2018
1.09%
30 Nov 2017 - 31 Dec 2017
1.10%
31 Oct 2017 - 30 Nov 2017
1.10%
Expense ratio, exit load and taxExpense ratio: 1.21%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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.
Understand terms
Check past data
Fund managementAlok Ranjan
Aug 2021 - Present
View details
Education
Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience
Prior to joining ITI Mutual Fund,he was associated with IDBI Asset Management Limited, 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
IDBI India Top 100 Equity Fund Direct Growth
IDBI Nifty 50 Index Fund Direct Growth
IDBI Nifty Next 50 Index Fund Direct Growth
IDBI Equity Savings Fund Direct Growth
IDBI Equity Advantage Fund Direct Growth
Shriram Aggressive Hybrid Fund Direct  Growth
IDBI Flexi Cap Fund Direct Growth
IDBI Hybrid Equity Fund Direct   Growth
IDBI Midcap Fund Direct   Growth
IDBI Small Cap Fund Direct   Growth
IDBI Focused 30 Equity Fund Direct   Growth
IDBI Banking & Financial Services Fund Direct   Growth
IDBI Long Term Value Fund Direct   Growth
Shriram Flexi Cap Fund Direct   Growth
IDBI Dividend Yield Fund Direct   Growth
Shriram ELSS Tax Saver Fund Direct   Growth
IDBI Healthcare Fund Direct   Growth
Shriram Balanced Advantage Fund Direct   Growth
ITI ELSS Tax Saver Fund Direct   Growth
ITI Arbitrage Fund Direct   Growth
ITI Large Cap Fund Direct   Growth
ITI Conservative Hybrid Fund Direct   Growth
ITI Large & Mid Cap Fund Direct Growth
Fund house & investment objective
IDBI Mutual Fund
Rank (total assets)#29 in India
Total AUM₹3,591.62Cr
Date of Incorporation29 Mar 2010
    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.     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 ₹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.          
  ;
Investment ObjectiveThe 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
Scheme Information Document(SID)
Fund house contact details
Address
4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Phone
NA
Launch Date
29 Mar 2010
E-mail
NA
Website
www.idbimutual.co.in
IDBI Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4,  Street No.1 Banjara Hills,
Email
mfshyderabad@karvy.com
Website
www.karvymfs.com
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Exit load is zero
Lower expense ratio: 1.21%
Cons
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lock-in period: 3Y
Low rating: 2
Compare funds
IDBI Equity Advantage Fund Direct Growth
VS
Add mutual fund to compare

Name	Sector	Instrument	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%

	1Y	3Y	5Y	All
Fund returns	18.4%	22.3%	11.4%	17.4%
Category average	4.5%	13.7%	25.8%	NA
Rank with in category	25	25	24	NA

Equity, ELSS funds	Rating	1Y	3Y	Fund Size(Cr)
SBI Long Term Equity Fund Direct Plan Growth	5	8.7%	23.2%	25,723.50
Motilal Oswal ELSS Tax Saver Fund Direct Growth	5	8.7%	22.2%	3,405.01
HDFC ELSS Tax Saver Fund Direct Plan Growth	5	10.9%	20.8%	14,671.37
Parag Parikh ELSS Tax Saver Fund Direct Growth	5	12.4%	17.7%	4,477.32
Quantum ELSS Tax Saver Fund Direct Growth	4	9.8%	16.5%	200.37

Rank (total assets)	#29 in India
Total AUM	₹3,591.62Cr

Date of Incorporation	29 Mar 2010

Fund benchmark	NIFTY 500 Total Return Index

Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

IDBI Equity Advantage Fund Direct Growth

Holdings (38)

Minimum investment amounts

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Peer Comparison

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.21%

Exit load

Stamp duty

Tax implication

Fund management

Alok RanjanAug 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Disclaimer

Pros and cons

Pros

Cons

Compare funds

Alok Ranjan
Aug 2021 - Present
View details