fund-logo

IDBI Equity Advantage Fund (Dividend Payout - Annually)

Equity

Tax Saving

Top Ranked

₹ 17.41

NAV (OCT 27)

Scripbox Opinion

Top Ranked

This fund is a good choice within tax saving mutual funds.

Scripbox recommends other funds for investment in Tax Saving. Click here to see our recommendations.

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

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

7 Years

The fund has relatively moderate history for analysis. We recommend funds with longer history.

Relative Size

473 Cr

Medium within the category

Category View

Positive

The category has a positive investment outlook

Consistency Of Performance

Good

The historical performance of the fund has been good

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

Learn why choose a plan over a fund ->
  • Historical growth rate of 12.00% per annum
  • Recommended Duration > 5 years
  • 3 years
  • Save tax
Start Investing Now

Join 75,000+ smart investors who enjoy automatic investing with Scripbox

Historical NAV

17.41

NAV (OCT 27)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 11.25%
Start Investing Now

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.

Low

Moderately Low

Moderate

Moderately High

High

Moderately High risk

2.42%

Expense Ratio

10th Sep, 2013

Launched (7y ago)

₹ 473

AUM in Crores

INF397L01DZ9

3 years

S&P BSE 200 India TR INR

Benchmark

₹ 500

SIP Minimum

₹ 500

Lumpsum Min.

Fund Managers

Uma Venkatraman

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

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 28th October 2020

Top Stock Holdings

Asian Paints Ltd

5%

Sanofi India Ltd

5%

Bata India Ltd

5%

Vst Industries Ltd

5%

Kotak Mahindra Bank Ltd

5%
See all holdings
allocation by market cap

Allocation by Sector

Financial Services

23%

Consumer Defensive

19%

Consumer Cyclical

19%

Basic Materials

15%

Technology

7%
See all sectors

Comparison with Equity Funds

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • Indicative returns of 12.00% annually
  • Recommended Duration > 5 years
  • 3 years
  • Save tax
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 11.25%
Start Investing Now
How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Top Ranked

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.

Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Category View

We check if the sub-category of the fund is recommended by us

calender

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better

calender

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better

Equity Funds

Debt Funds

How to invest in best mutual funds?

Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing.

group-img

Choose a plan

Choose a plan to invest to start investing

invest-img

Invest online & transfer

Make instant payment or setup your investment for a later date

track-img

Track your investments

Mutual fund companies allot you units and send confirmation via email & SMS. The same gets updated in your Scripbox Account

mark
The Scripbox Promise

Scripbox has helped over 2500 people become millionaires in the last 7 years

Start Investing Now
portion

Fund Selection

You'll never have to worry about what funds to choose. We'll suggest what's best for you.

cup

Continuous monitoring alerts

We will track our recommendations and suggest changes fund exists whenever required.

archery-target

All week call assistance

Our customer champions are available 7 days a week from 8AM to 8PM.

savings

Annual reviews rebalances

We review your investments and make course corrections every year to make the best out of your investments

About IDBI Equity Advantage Fund (Dividend Payout - Annually)

About IDBI Equity Advantage Fund (Dividend Payout - Annually)

IDBI Equity Advantage Fund (Dividend Payout - Annually) is a Tax Saving Equity fund and has delivered an annualised return of 0.0% over a period of 7 years. The fund is managed by IDBI Asset Management Limited. The fund manager’s name is Uma Venkatraman.

IDBI Equity Advantage Fund (Dividend Payout - Annually) 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. However, there is no assurance that the objective of the scheme will be realized.

IDBI Equity Advantage Fund (Dividend Payout - Annually) NAV, AUM and Risk

The fund was launched on 2013-09-10. The NAV of the fund as of 2020-10-27 is ₹ 17.41. The total AUM of the fund as of 2020-10-27 is ₹ 473 Cr. The category risk of the fund is Moderately High risk

The fund charges 2.42 % as expense ratio.

IDBI Equity Advantage Fund (Dividend Payout - Annually) Holdings

The fund’s highest allocation is towards equity and has invested 97.29% in this asset class. The top three holdings of the fund are asian paints ltd, sanofi india ltd and bata india ltd.

IDBI Equity Advantage Fund (Dividend Payout - Annually) SIP

The minimum SIP(Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.

IDBI Equity Advantage Fund (Dividend Payout - Annually) Investment volatility and Horizon

This fund 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 S&P BSE 200 India TR INR.