Item: IDBI Equity Advantage Fund Direct Growth
Rating: 4
Author: Morningstar

Home › Mutual Funds › IDBI Mutual Fund › IDBI Equity Advantage Fund Direct Growth

44.310 (0.294%)

NAV on September 09, 2022

Category Equity:
ELSS (Tax Savings)

Investment StyleBox

Large Growth

Total Assets 505 cr

Turnover Ratio 398.43%

Expense Ratio 1.22%

Exit Load -

Returns

1M: 4.23%
1Y: 6.28%
3M: 13.53%
3Y: 17.87%
6M: 12.23%
5Y: 11.27%

Min Investment 500

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ADDITIONAL INFO

Fund Manager Alok Ranjan (Since about 1 year)

ISIN INF397L01EC6

Fund Family IDBI

P/E Ratio 23.26

P/B Ratio 3.62

Launch Date September 10, 2013

Benchmark IISL Nifty 500 TR INR

RISK MEASURES (3 yrs)

vs IISL Nifty 500 TR INR

Alpha -0.10

Beta 0.80

R-Squared 88.57

Info Ratio -0.42

Tracking Err 7.89

Sortino 1.059

Sharpe 0.729

Std Dev 19.119

Risk Low

SECTOR WEIGHTINGS (%)

Financial 34.4%

Industrial 15.14%

Technology 12.72%

Basic Materials 14.91%

Consumer Cyclical 11.25%

Utilities Services 0.0%

Healthcare Services 2.09%

Energy Services 4.75%

Communication Services 1.77%

Consumer Defensive 2.97%

Real Estate 0.00%

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.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet

Top Rated
Top Performing

Top Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Parag Parikh Tax Saver Fund Direct Growth	20.445	11.23%	733 cr	0.84%	Low
PGIM India ELSS Tax Saver Fund Dir Gr	26.740	9.32%	416 cr	1.03%	Average
Kotak Tax Saver-Scheme-Growth - Direct	85.310	8.53%	2,936 cr	0.75%	Average
Canara Robeco Equity Taxsaver Direct Plan Growth Option	128.590	4.50%	4,197 cr	0.66%	Below Average
Mirae Asset Tax Saver Fund -Direct Plan-Growth	34.480	2.35%	13,148 cr	0.56%	Average
Bank of India Tax Advantage Fund Direct Plan Growth	114.720	1.56%	645 cr	1.37%	Below Average
L&T Tax Advantage Fund Direct Plan Growth Option	85.372	0.92%	3,254 cr	1.19%	Above Average

Best Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
HDFC TaxSaver -Direct Plan - Growth Option	849.043	12.04%	9,788 cr	1.24%	Average
Parag Parikh Tax Saver Fund Direct Growth	20.445	11.23%	733 cr	0.84%	Low
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth	111.291	9.82%	3,851 cr	0.75%	High
PGIM India ELSS Tax Saver Fund Dir Gr	26.740	9.32%	416 cr	1.03%	Average
SBI Magnum Long Term Equity Scheme Direct Growth	247.757	7.70%	11,204 cr	1.21%	Average
Sundaram Diversified Equity - Direct Plan - Growth Option	163.308	7.14%	1,856 cr	1.46%	Above Average
Canara Robeco Equity Taxsaver Direct Plan Growth Option	128.590	4.50%	4,197 cr	0.66%	Below Average