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  • IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A)
IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A)

IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A)

EquityTax Saving

20.87

NAV (Jul 28)

9.7%
5 Year CAGR
Scripbox Opinion

Neutral

Scripbox recommends other funds for investment in tax saving.

Click here to see our recommendations.

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.

Our analysis of this fundLearn how we rate funds ->

Track Record

8 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

518 Cr. Medium within the category

Category View

Positive. The category has a positive investment outlook

Consistency Of Performance

Relatively moderate. The historical performance of the fund has been OK

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Tax Saver Plan

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.

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    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
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    Save Tax

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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

Low to Moderate

Moderate

Moderately High

High

Very High

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Very High Risk

Expense Ratio
2.4 %
Launched (8y ago)
Sep 10, 2013
AUM in Crores
₹ 518
ISIN
INF397L01EA0
Lock-in
3
Benchmark
S&P BSE 200 India TR INR
SIP Minimum
₹ 0
Lumpsum Min.
₹ 500
Fund Managers
user-avatar

Uma Venkatraman

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
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.

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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.

  • Inflation beating returns
    Inflation beating returns
  • Save Tax
    Save Tax
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

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Aditya Birla Sun Life Focused Equity Fund (G)

Aditya Birla Sun Life Focused Equity Fund (G)

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Top Ranked

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Track Record

UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

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Recommended

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21 Years

Age

5

Track Record

HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

Index Funds

Recommended

Top Ranked

19 Years

Age

5

Track Record

Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

Large Cap

Recommended

Top Ranked

23 Years

Age

5

Track Record

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About the AMC

IDBI Asset Management Limited

IDBI Asset Management Limited manages assets worth 4,399 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.

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  • tel-amc-about
    022-66442800
  • mail-amc-about
    contactus@idbimutual.co.in
  • IDBI India Top 100 Equity Fund (G)

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    Fund Size

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    5 Year CAGR

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    IDBI Liquid fund (G)

    IDBI Liquid fund (G)

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    ₹ 1,222 Cr

    Fund Size

    5.40%

    3 Year CAGR

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    IDBI Ultra Short Term fund (G)

    IDBI Ultra Short Term fund (G)

    Ultra Short

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    ₹ 389 Cr

    Fund Size

    5.70%

    3 Year CAGR

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    IDBI Liquid of Income Distribution cum Cap Wdrl fund (PIDCW-M)

    IDBI Liquid of Income Distribution cum Cap Wdrl fund (PIDCW-M)

    Liquid

    Top Ranked

    ₹ 1,222 Cr

    Fund Size

    4.40%

    3 Year CAGR

    3 Y CAGR

    IDBI India Top 100 Equity Fund of Income Distribution cum Cap Wdrl (PIDCW-A)

    IDBI India Top 100 Equity Fund of Income Distribution cum Cap Wdrl (PIDCW-A)

    Large Cap

    Top Ranked

    ₹ 468 Cr

    Fund Size

    11.40%

    5 Year CAGR

    5 Y CAGR

    growth

    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.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

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    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step 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.

    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

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

    Sub-asset Class View

    Sub-asset Class View

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

    Fund Performance

    Fund Performance

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

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

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

    Impact of Interest Rates

    Impact of Interest Rates

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

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A)

    About IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A)

    IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) is a tax saving equity fund and has delivered an annualised return of 16.9% over a period of 8 years ..The fund is managed by IDBI Asset Management Limited.The fund manager’s name is Uma Venkatraman.

    IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) 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 of Income Distribution cum Cap wdrl (RIDCW-A) NAV,AUM,Risk

    The IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) fund was launched on Sep 10, 2013. The NAV (Net Asset Value) of this tax saving equity as of 2021-07-28 is ₹ 20.87. The total AUM (Asset Under Management) of the fund as of 2021-07-29 is ₹ 517.746. The category risk of the IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) fund is Very High Risk. The fund charges 2.4 % as expense ratio.

    IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) Holdings

    The fund’s highest allocation is towards equity and has invested 95.7% in this asset class. The top three holdings of the fund are infosys ltd,hdfc bank ltd and icici bank ltd

    IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 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 of Income Distribution cum Cap wdrl (RIDCW-A) 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

    IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) Review

    IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) has a score of 3 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, IDBI Equity Advantage Fund of Income Distribution cum Cap wdrl (RIDCW-A) has a score of 3 out of 5. Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.

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