|Min SIP Amount||₹500|
|NAV||₹21.83 (04 Mar 2021)|
|Fund Started||10 Sep 2013|
|Fund Size||₹497 Cr|
|HDFC Bank Ltd.||Financial||Equity||7.0%|
|Reliance Industries Ltd.||Energy||Equity||4.6%|
|ICICI Bank Ltd.||Financial||Equity||4.4%|
|Bajaj Finance Ltd.||Financial||Equity||4.2%|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Equity||4.0%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||3.9%|
|Asian Paints Ltd.||Chemicals||Equity||3.6%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||3.5%|
|TVS Motor Co. Ltd.||Automobile||Equity||3.5%|
IDBI Equity Advantage Fund Regular Dividend 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 Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹497 Cr and the Latest NAV as of 04 Mar 2021 is ₹21.83.
The IDBI Equity Advantage Fund Regular Dividend 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%.