IDBI Equity Advantage Fund Regular Growth - Regular - Latest NAV [ ₹38.63 ], Returns, Performance, Portfolio & Returns 2021

IDBI Equity Advantage Fund Regular Growth

  • highlight
  • highlight

Start your investment

Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Note: Every instalment of SIP and every lumpsum order must complete the lock-in period before redemption.
Average Annualised Returns i
Tax rates i
30%Not taxable10%*
Returns after tax i
Current rate of Inflation i
Real Rate of Return i
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years11.94%
3 Years11.98%
1 Year50.6%
6 Months21.33%
Fund Details
RiskVery High Risk
Fund TypeELSS (Tax Savings)
Exit Load--

More about this fundstar

Top HoldingsWeightage
ICICI Bank Ltd7.03%
Infosys Ltd7.02%
HDFC Bank Ltd6.79%
State Bank of India3.51%
Reliance Industries Ltd3.25%
HCL Technologies Ltd3.2%
ABB India Ltd3.1%
Housing Development Finance Corp Ltd2.94%
Mphasis Ltd2.85%
PI Industries Ltd2.44%

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.

Related Articlesstar

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Very 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