Fund Details
IDBI Equity Advantage Fund Regular IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.43% |
| NAV | ₹19.31 (07 May 2021) |
|---|---|
| Fund Started | 10 Sep 2013 |
| Fund Size | ₹506 Cr |
Returns
Comparison
1. Exit load is zero
1. Higher expense ratio - 2.43%
2. 1Y Returns are lower than the category average returns
3. 3Y Returns are lower than the category average returns
4. 5Y Returns are lower than the category average returns
5. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.4% |
| ICICI Bank Ltd. | Financial | Equity | 6.6% |
| Infosys Ltd. | Technology | Equity | 5.7% |
| Reliance Industries Ltd. | Energy | Equity | 4.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.6% |
| HCL Technologies Ltd. | Technology | Equity | 3.1% |
| Sundaram Finance Ltd. | Financial | Equity | 2.8% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.8% |
| ABB India Ltd. | Engineering | Equity | 2.7% |
Fund Managers
IDBI Equity Advantage Fund Regular IDCW Details
IDBI Equity Advantage Fund Regular IDCW 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 IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹506 Cr and the Latest NAV as of 07 May 2021 is ₹19.31.
The IDBI Equity Advantage Fund Regular IDCW is rated Very 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%.
