IDBI Equity Advantage Fund Regular-Dividend-0.08%

3Groww
-8.06%
1 Year Return
Equity
ELSS
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Equity Advantage Fund Regular-Dividend

RiskModerately High
Min SIP Amount₹500
Expense Ratio2.35%
NAV16.3 (23 Jul 2019)
Fund Started10 Sep 2013
Fund Size570 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Equity Advantage Fund Regular-Dividend
-8.1%
4.8%
10.3%
16.8%
Category Average
-4.6%
11.9%
13.7%
-
Rank within category
34
29
8
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -8.1% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. 1Y Returns are higher than the benchmark
    3. 5Y Returns are higher than the benchmark
    4. Exit load is zero
    Cons
    1. Risk-adjusted returns are lower compared to the category
    2. Higher expense ratio
    3. 3Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Pidilite Industries Ltd.ChemicalsEquity5.7%
    Cholamandalam Investment & Finance Co. Ltd.FinancialEquity5.5%
    TVS Motor Co. Ltd.AutomobileEquity5.5%
    FMCGEquity5.3%
    TextilesEquity5.3%
    FinancialEquity4.9%
    ABB Ltd.EngineeringEquity4.6%
    Nestle India Ltd.FMCGEquity4.5%
    AutomobileEquity4.5%
    ChemicalsEquity4.5%
    See All

    Fund Managers

    addUma Venkatraman
    Education
    Prior to joining IDBI Mutual Fund, she had worked with B&K Securities, ASK Raymond James, Morgan Keegan and UTI Mutual Fund.
    Experience
    Funds Managed

    Other Details

    Investment Objective

    Scheme will seek to invest predominantly in a diversified portfolio of 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. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C.

    Tax Implications

    Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    IDBI Equity Advantage Fund Regular-Dividend
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    About IDBI Mutual Fund

    IDBI Mutual Fund started their mutual fund on 29/03/2010 and its managing total assets of Rs. 9,570 Cr. Its ranked at 25 as per total assets at end of 30th Sep 2016.

    IDBI bank is one the largest bank in the countries and has played a subsequently large role in the economic and financial progress of the country. It has been in the financial industry for over 40 years has developed itself into a commercial bank since then.

    IDBI boasts of having a host a of innovative products and presents a wide counter of mutual funds keeping in mind investor objectives. The asset management company pioneers to bring about world class service to its investors through strategic investing decisions that will optimize investor's capital.

    The mission of the company states that it looks to assist a common man to make informed investment decisions through mutual funds, which will further help the investor attain prosperity through the capital market.

    Address
    5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
    Phone
    022-6644 2800
    Launch Date
    28 Mar 2010
    IDBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
    Enter investment amount
    + ₹1,000
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    + ₹10,000
    ONE TIME
    MONTHLY SIP
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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