IDBI Equity Advantage Fund Regular Growth - Latest NAV ₹23.05, Returns, Performance & Portfolio

IDBI Equity Advantage Fund Regular Growth

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    2.34%
  • highlight
    (+0.4)23.05

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  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
Returns after tax i
4.2%8.00%10.80%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%4.00%6.80%
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years2.34%
3 Years-0.75%
1 Year-11.35%
6 Months-17.29%
Fund Details
ISININF397L01DY2
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV23.05
Exit Load--

More about this fundstar

Top HoldingsWeightage
Pidilite Industries Ltd7.96%
Nestle India Ltd7.35%
Asian Paints Ltd6.03%
Sanofi India Ltd5.86%
MRF Ltd5.63%
Bata India Ltd5.59%
Kotak Mahindra Bank Ltd5.58%
Hindustan Unilever Ltd4.9%
VST Industries Ltd4.78%
WABCO India Ltd4.76%

About IDBI Equity Advantage Fund

Being an open-ended equity linked savings scheme, IDBI Equity Advantage Fund invests in equity and equity related instruments of companies across market capitalisation. It attempts at creating wealth along with generating regular income. It has a mandatory lock-in period of 3 years. Apart from capital appreciation, you get the tax benefit available under Section 80C of the Income-Tax Act, 1961. The fund manager maintains a well-diversified portfolio of stocks which are picked based on their growth potential.

Pros & Cons of IDBI Equity Advantage Fund

IDBI Equity Advantage Fund offers the following benefits:

  1. Tax deduction of upto Rs 1.5lakh under Section 80C of the Income Tax Act.
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. Being a star-rated fund, it has beaten its category and the benchmark in 5 year time horizon.

Fund Information and Statistics of IDBI Equity Advantage Fund

i) Inception / Launch date

IDBI Equity Advantage Fund was launched on 10 September 2013 by IDBI Mutual Fund.

ii) Risk level

Being a multi-cap fund, IDBI Equity Advantage Fund is a moderately high risk bet. Investors having a long-term investment horizon of more than 5 years may think of investing in this fund.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mrs. Uma Venkatraman holds 15 years of experience in the financial services domain, with a special emphasis on the equity segment. She has been managing the IDBI Equity Advantage Fund since July 2018.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in IDBI Equity Advantage Fund.

Tax benefits of investing in IDBI Small Cap Fund

IDBI Equity Advantage Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800

About IDBI Mutual Fund

IDBI Mutual Fund was established on 25th January 2010 under the Companies Act, 1956. It is being managed by the IDBI Asset Management Limited. It aims to promote financial inclusion by supporting the investor in taking informed investment decisions. It attempts to achieve this through mutual funds thereby giving him an opportunity to experience the prosperity of the capital markets.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns