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  • IDBI Equity Advantage Fund (RIDCW-A)
IDBI Mutual Funds

IDBI Equity Advantage Fund (RIDCW-A)

EquityTax Saving

26.08

NAV (Jul 28)

9.7%
5 Year CAGR
Scripbox Opinion
Not Reviewed yet
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Fund Size

Outperformance Consistency

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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

NAV ()

Fund Returns

Last 1Y
NA
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
NA
6 Month CAGR
NA

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
2.42
Launched (11y ago)
Sep 10, 2013
AUM in Crores
484.905
ISIN
INF397L01EA0
Lock-in
3
Benchmark
IISL Nifty 500 TR INR
SIP Minimum
0
Lumpsum Min.
500
Standard Deviation (3yr)
13.9
Standard Deviation (5yr)
17
Beta (3yr)
0.89
Beta (5yr)
0.81
Sharpe Ratio (3yr)
1.058
Sharpe Ratio (5yr)
0.327
YTM
0
Fund Managers

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
IDBI Equity Advantage Fund (RIDCW-A)70%9,28,424 1,95,8129.7%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 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 2023-07-28

Top Stock Holdings

See all holdings

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
DSP ELSS Tax Saver Fund (G)
DSP ELSS Tax Saver Fund (G)

₹ 15,161 cr

₹ 19,454 cr

₹ 22,620 cr

₹ 42,669 cr

₹ 66,383 cr

amc-img

About the AMC

IDBI Asset Management Limited

IDBI Asset Management Limited manages assets worth 2,739 crores and was set up on 25 January 2010. It's current offering of mutual fund schemes includes 16 equity,35 debt and 3 hybrid funds.amc-img
phone-img022-66442800
Fund NameScripbox Opinion
Till Date CAGR

14.4%

8.3%

20.7%

8.5%

20.7%

8.5%

14.4%

8.3%

14.4%

8.3%

IDBI Equity Advantage Fund (RIDCW-A) Review

IDBI Equity Advantage Fund (RIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of 15.9% over a period of 10 years. The fund is managed by IDBI Asset Management Limited. The fund manager’s name is null.

Nav of IDBI Equity Advantage Fund (RIDCW-A) as of 7/28/2023 is ₹26.08 with the total AUM as of 6/24/2024 is ₹484.905. With Scripbox you can compare and check the latest nav for all mutual funds in India. IDBI Equity Advantage Fund (RIDCW-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 (RIDCW-A) 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. Check your estimated returns on mutual funds by using sip calculator.

IDBI Equity Advantage Fund (RIDCW-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 (RIDCW-A) is rated as a 0 fund in Equity and delivered 17% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with IDBI Equity Advantage Fund (RIDCW-A).

Frequently Asked Questions

What is IDBI Equity Advantage Fund (RIDCW-A)?

IDBI Equity Advantage Fund (RIDCW-A) 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 (RIDCW-A)?

You can invest in IDBI Equity Advantage Fund (RIDCW-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 (RIDCW-A)?

The minimum sip amount for IDBI Equity Advantage Fund (RIDCW-A) is ₹0. You can invest in multiples of ₹500.

Is IDBI Equity Advantage Fund (RIDCW-A) good to invest in?

As per Scripbox experts, IDBI Equity Advantage Fund (RIDCW-A) is a Not Reviewed Yet fund. You can investIDBI Equity Advantage Fund (RIDCW-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 (RIDCW-A)?

The expense ratio of the IDBI Equity Advantage Fund (RIDCW-A) is 2.42% for regular plan.