IDBI Equity Advantage Fund Direct Growth
Very High Risk
Elss
3 Star
NAV as of Jul 28, 2023
₹48.77
0.1%1D Change
Returns since inception
17.4%p.a.
Very High Risk
Elss
3 Star
NAV as of Jul 28, 2023
₹48.77
0.1%1D Change
Returns since inception
17.4%p.a.
IDBI Equity Advantage Fund Direct Growth
Very High Risk|Elss|3 Star
NAV as of Jul 28, 2023
₹48.77
0.1%1D
Returns since inception
17.4%p.a.
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 FD | PPF | ELSS | |
|---|---|---|---|
| Average Annualised Returns i | 6% | 8% | 12% |
| Tax rates i | 30% | Not taxable | 10%* |
| 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 years | 15 years | 3 years |
*Taxable @ 10% over and above Rs 1 lakh.
Returns calculator
Investment Type
Monthly SIP
One-Time
₹
yrs
Total investment₹9.6 Lakhs
Returns₹0
Final Value₹0
Absolute ReturnNaN%
Fund overview
- Rating3 Star
- Expense ratio1.21%
- Exit Load0% within 0 days
- AUM (Fund size)₹484.91 Crore
- Lock-in period3 years
- Age11 yrs since Sep 10, 2013
- Min. investmentSIP ₹500 & Lump. ₹500
- RiskVery High
- Short-term capital gains (STCG)Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains (LTCG)After 1 year, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year
Fund Distribution
Top Holdings
Top Sectors
| Holding Name | Assets (%) |
|---|---|
| HDFC Bank Ltd | 8.68% |
| ICICI Bank Ltd | 8.24% |
| ABB India Ltd | 6.55% |
| State Bank of India | 5.27% |
| Cholamandalam Investment and Finance Co Ltd | 4.53% |
Peer Comparison
Overview
Returns
Risk Ratios
| Fund Name | AUM (In Crs.) | NAV | Risk |
|---|---|---|---|
| Motilal Oswal ELSS Tax Sa... | ₹ 4,360 Cr | ₹59.12 | -0.31% | Very High |
| DSP ELSS Tax Saver Fund D... | ₹ 12,086 Cr | ₹104.46 | 0.83% | Very High |
| ICICI Prudential ELSS Tax... | ₹ 14,121 Cr | ₹1008.61 | -0.53% | Very High |
| HSBC ELSS Tax saver Fund ... | ₹ 3,917 Cr | ₹143.37 | -0.44% | Very High |
NAV History - IDBI Equity Advantage Fund Direct Plan - Growth
FUND | IDBI Equity Advantage Fund Direct Plan - Growth |
|---|---|
| NAV (Jul 28, 2023) | ₹48.77 |
| Class | ELSS | ELSS |
| Inception Date | Sep 10, 2013 |
| Fund Manager | Alok Ranjan |
FUND | IDBI Equity Advantage Fund Direct Plan - Growth |
|---|---|
| Initial Price | ₹10 |
| Min. Investment Amount | SIP ₹500 and Lump. ₹500 |
| Exit Load | 0% within 0 days |
Returns | 1W | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|
| IDBI Equity Advantag... | 0.41% | 3.22% | 9.99% | 15.79% | 18.35% | 22.3% |
About IDBI Asset Management Limited
The motto of IDBI Mutual Fund is to drive financial inclusion in the country. The fund house intends to assist the common man and help him make informed decisions with respect to their investment. They intend to do this by offering mutual funds and introducing the people to capital markets.
IDBI Asset Management Limited Details
- No. of schemes40
- Total AUM₹4,120.2 Crore
- AddressLIC Mutual Fund Asset Management Limited, 4th Floor, Industrial Assurance Building, Mumbai, Maharashtra, 400 020
- Phone+91 022-66016000
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Start your investment
Lumpsum
SIP
Amount
₹
Estimated value after 3 years
(as per historical returns)
9,146 ₹
The fund house has restricted SIP and Lumpsum (One-Time) investment in this fund right now.
