|Min SIP Amount||₹500|
|NAV||₹38.47 (23 Jul 2021)|
|Fund Started||10 Sep 2013|
|Fund Size||₹518 Cr|
|HDFC Bank Ltd.||Financial||Equity||6.7%|
|ICICI Bank Ltd.||Financial||Equity||6.4%|
|Reliance Industries Ltd.||Energy||Equity||3.2%|
|ABB India Ltd.||Engineering||Equity||3.1%|
|State Bank of India||Financial||Equity||2.8%|
|HCL Technologies Ltd.||Technology||Equity||2.8%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.7%|
|Asian Paints Ltd.||Chemicals||Equity||2.3%|
|Cholamandalam Investment & Finance Company Ltd.||Financial||Equity||2.3%|
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 ₹518 Cr and the Latest NAV as of 23 Jul 2021 is ₹38.47.
The IDBI Equity Advantage Fund Direct Growth is rated Very 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%.