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  • IDBI Equity Advantage Fund (Growth)

Formerly IDBI Equity Advantage Reg Gr

IDBI Mutual Funds

IDBI Equity Advantage Fund (Growth)

EquityTax Saving

37.7

NAV (Jan 27)

7.3%
5 Year CAGR
Scripbox Opinion
Not Recommended
Click here for top ranked funds in tax saving mutual funds.

Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Fund Size

Neutral

The performance of the fund on a Fund Size metric has been Neutral

Outperformance Consistency

Neutral

The performance of the fund on a Outperformance Consistency metric has been Neutral

Scripbox Recommended Tax Saving Fund
Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

37.7

NAV (Jan 27)

Fund Returns

Last 1Y

0.6%

Last 3Y

9.9%

Last 5Y

7.3%

Last 10Y

NA

Since Inception

15.4%

6 Month CAGR

5.1%

Scheme Information

Investment Objective

The 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. There can be no assurance that the investment objective under the scheme will be realized.

Expense Ratio

2.43

Launched (10y ago)

Sep 10, 2013

AUM in Crores

480.038

ISIN

INF397L01DY2

Lock-in

3

Benchmark

IISL Nifty 500 TR INR

SIP Minimum

500

Lumpsum Min.

500

Standard Deviation (3yr)

19

Standard Deviation (5yr)

17.4

Beta (3yr)

0.8

Beta (5yr)

0.81

Sharpe Ratio (3yr)

0.455

Sharpe Ratio (5yr)

0.224

YTM

0

Fund Managers

Alok Ranjan

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
IDBI Equity Advantage Fund (Growth)70%874,154 141,5427.3%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2023-01-27

Top Stock Holdings

icici bank ltd

8.8%
8.8%

hdfc bank ltd

8.4%
8.4%

state bank of india

5.7%
5.7%

infosys ltd

5%
5%

reliance industries ltd

4.1%
4.1%
See all holdings

Allocation by Sector

financial services

37.4%
37.4%

basic materials

14.4%
14.4%

industrials

13.7%
13.7%

technology

11.8%
11.8%

consumer cyclical

10%
10%
See all sectors

Compare IDBI Equity Advantage Fund (Growth)

Fund NameFund SizeOutperformance Consistency
Nippon India Value Fund (G)
Nippon India Value Fund (G)

₹ 4,848 cr

₹ 10,444 cr

₹ 15,500 cr

₹ 10,444 cr

₹ 15,500 cr

About the AMC

IDBI Asset Management Limited

IDBI Asset Management Limited manages assets worth 3,743 crores and was set up on 25 January 2010. It's current offering of mutual fund schemes includes 40 equity,35 debt and 8 hybrid funds.

amc-img

  • 022-66442800
  • contactus@idbimutual.co.in
  • Fund NameScripbox Opinion
    Till Date CAGR

    15%

    13.8%

    4.3%

    7.1%

    14.7%

    13.6%

    4%

    4.8%

    4.2%

    5.4%

    IDBI Equity Advantage Fund (G) Review

    IDBI Equity Advantage Fund (G) is a Tax Saving Equity fund and has delivered an annualised return of 15.4% over a period of 9 years. The fund was previously known as IDBI Equity Advantage Reg Gr. The fund is managed by IDBI Asset Management Limited. The fund manager’s name is Alok Ranjan.

    Nav of IDBI Equity Advantage Fund (G) as of 1/27/2023 is ₹37.70 with the total AUM as of 1/28/2023 is ₹480.038. With Scripbox you can compare and check the latest nav for all mutual funds in India. IDBI Equity Advantage Fund (G) was launched on Sep 10, 2013. The category risk of the fund is Very High Risk.

    The minimum SIP amount for IDBI Equity Advantage Fund (G) is ₹500 and you can increase this in multiples of ₹500. In case you want to invest a lump sum, the minimum amount to be invested is ₹500. Check your estimated returns on mutual funds by using sip calculator.

    IDBI Equity Advantage Fund (G) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 500 TR INR.

    IDBI Equity Advantage Fund (G) is rated as a 1 fund in Equity and delivered 0.6% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with IDBI Equity Advantage Fund (G).

    Frequently Asked Questions

    What is IDBI Equity Advantage Fund (G)?

    IDBI Equity Advantage Fund (G) is a Tax Saving Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

    How to invest in IDBI Equity Advantage Fund (G)?

    You can invest in IDBI Equity Advantage Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

    What is the minimum sip amount of IDBI Equity Advantage Fund (G)?

    The minimum sip amount for IDBI Equity Advantage Fund (G) is ₹500. You can invest in multiples of ₹500.

    Is IDBI Equity Advantage Fund (G) good to invest in?

    As per Scripbox experts, IDBI Equity Advantage Fund (G) is a Not Recommended fund. You can investIDBI Equity Advantage Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

    What is the expense ratio of the IDBI Equity Advantage Fund (G)?

    The expense ratio of the IDBI Equity Advantage Fund (G) is 2.43% for regular plan.