Fund Details
IDBI Equity Advantage Fund Regular Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.42% |
| NAV | ₹19.09 (24 Nov 2020) |
|---|---|
| Fund Started | 10 Sep 2013 |
| Fund Size | ₹478 Cr |
Returns
as per Historical Returns
Comparison
1. Risk is lower compared to the benchmark
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
8. Risk-adjusted returns are lower compared to the category
9. Higher expense ratio - 2.42%
10. 1Y Returns are lower than the category average returns
11. 3Y Returns are lower than the category average returns
12. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.0% |
| Reliance Industries Ltd. | Energy | Equity | 5.9% |
| Asian Paints Ltd. | Chemicals | Equity | 5.8% |
| Infosys Ltd. | Technology | Equity | 5.2% |
| Bata India Ltd. | FMCG | Equity | 5.1% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.4% |
| Page Industries Ltd. | Textiles | Equity | 3.9% |
| Sanofi India Ltd. | Healthcare | Equity | 3.9% |
| VST Industries Ltd. | FMCG | Equity | 3.8% |
| TVS Motor Co. Ltd. | Automobile | Equity | 3.5% |
Fund Managers
IDBI Equity Advantage Fund Regular Dividend Details
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 ₹478 Cr and the Latest NAV as of 24 Nov 2020 is ₹19.09.
The IDBI Equity Advantage Fund Regular Dividend 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%.
