IDBI Equity Advantage Fund Direct Growth - Regular - Latest NAV [ ₹38.82 ], Returns, Performance, Portfolio & Returns 2022

IDBI Equity Advantage Fund Direct Growth

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Direct

Growth

3 yr CAGR
+9.75%
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Direct

Growth

3 yr CAGR
+9.75%
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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 overview

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Net Asset Value

₹38.82
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AUM (Fund size)

495.01 Crore
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Lock-in period

3 years
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Exit Load

0% in 0 days
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Expense ratio

1.22%
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Risk

Very High
Start your investment
Lumpsum
SIP
SIP+ NEW
Amount
Estimated value after 3 years

(as per historical returns)

2.17 Lakhs
Min investment of ₹500 required
risk

Top holdings

HoldingsWeightage
ICICI Bank Ltd7.94%
HDFC Bank Ltd6.92%
Infosys Ltd6.11%
State Bank of India4.47%
Reliance Industries Ltd4.4%
Cholamandalam Investment and Finance Co Ltd3.47%
HCL Technologies Ltd3.2%
Axis Bank Ltd3.14%
ABB India Ltd3.04%
Page Industries Ltd3.04%

Calculate returns

Monthly (SIP)
One-Time
4000
20
yrs
₹4,000 invested monthly becomes 0 in a period of 20 years

Top Sectors

About IDBI Asset Management Limited

It is a subsidiary of IDBI Bank, a financial service provider catering to customers looking for short and long term investment options. It manages assets worth of Rs. 8950 Crore via debt liquid funds, ELSS, domestic and overseas FoFs, and Multi Cap Funds.

Managers

Alok Ranjan

Custodians

Stock Holding Corporation of India

Address

IDBI Asset Management Ltd. 5th floor, Mafatlal Centre,

Fax Nos.

+91 22 66442802

Telephone Nos.

+91 22 66442800

Homepage

www.idbimutual.co.in

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BANGALORE, KARNATAKA

Start your investment
Lumpsum
SIP
SIP+ NEW
Amount
Estimated value after 3 years

(as per historical returns)

2.17 Lakhs
Min investment of ₹500 required
risk

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Frequently Asked Questions

What are equity funds?

Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization

What are large cap, mid cap, small cap and multi cap equity funds?

SEBI ranks all listed companies based on the overall market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards. Multi-cap funds invest in small cap, mid cap and large cap companies

What are ELSS funds?

ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years.

What are Bluechip funds?

Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.

What is a lock-in period?

It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

Is KYC necessary for BLACK?

KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.