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).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
₹ 505 Cr
The performance of the fund on a Fund Size metric has been Neutral
The performance of the fund on a Outperformance Consistency metric has been Poor
View all 7 analysis
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.?
NAV (Oct 4)
6 Month CAGR
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.
Launched (9y ago)
Sep 10, 2013
AUM in Crores
IISL Nifty 500 TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
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.
icici bank ltd9.3%
hdfc bank ltd7.3%
state bank of india4.7%
abb india ltd4.6%
|Fund Name||Fund Size||Outperformance Consistency|
₹ 4,714 cr
₹ 10,218 cr
₹ 14,940 cr
₹ 10,218 cr
₹ 14,940 cr
IDBI Asset Management Limited
IDBI Asset Management Limited manages assets worth 3,788 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.
|Fund Name||Scripbox Opinion||Till Date CAGR|
IDBI Equity Advantage Fund (PIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of 15.5% over a period of 9 years. The fund is managed by IDBI Asset Management Limited. The fund manager’s name is Alok Ranjan.
Nav of IDBI Equity Advantage Fund (PIDCW-A) as of 10/4/2022 is ₹23.04 with the total AUM as of 10/5/2022 is ₹504.946. With Scripbox you can compare and check the latest nav for all mutual funds in India. IDBI Equity Advantage Fund (PIDCW-A) 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 (PIDCW-A) 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 (PIDCW-A) 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 (PIDCW-A) is rated as a 1 fund in Equity and delivered -1.4% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with IDBI Equity Advantage Fund (PIDCW-A).
What is IDBI Equity Advantage Fund (PIDCW-A)?
How to invest in IDBI Equity Advantage Fund (PIDCW-A)?
You can invest in IDBI Equity Advantage Fund (PIDCW-A) 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 (PIDCW-A)?
The minimum sip amount for IDBI Equity Advantage Fund (PIDCW-A) is ₹500. You can invest in multiples of ₹500.
Is IDBI Equity Advantage Fund (PIDCW-A) good to invest in?
As per Scripbox experts, IDBI Equity Advantage Fund (PIDCW-A) is a Not Recommended fund. You can investIDBI Equity Advantage Fund (PIDCW-A) 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 (PIDCW-A)?
The expense ratio of the IDBI Equity Advantage Fund (PIDCW-A) is 2.42% for regular plan.