|Min SIP Amount||₹500|
|NAV||₹19.09 (24 Nov 2020)|
|Fund Started||10 Sep 2013|
|Fund Size||₹478 Cr|
|HDFC Bank Ltd.||Financial||Equity||6.0%|
|Reliance Industries Ltd.||Energy||Equity||5.9%|
|Asian Paints Ltd.||Chemicals||Equity||5.8%|
|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%|
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.
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%.