IDBI Equity Advantage Fund - Growth Regular
| Category: Equity: ELSS |
| Launch Date: 10-09-2013 |
| Asset Class: Equity |
| Benchmark: S&P BSE 200 TRI |
| Expense Ratio: 2.51% As on (31-08-2019) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 588.82 Cr As on (30-09-2019) |
| Turn over: 18% | Exit Load: 0.00% - 0 day |
27.69
0.24 (0.8667%)
18.09%
S&P BSE 200 TRI 11.65%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks to invest in 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, subject to a statutory lock-in for three years.
Current Asset Allocation (%)
Indicators
| Volatility | 14.16 |
| Sharp Ratio | 1.07 |
| Alpha | -5.43 |
| Beta | 0.98 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| IDBI Equity Advantage Fund - Growth Regular | 10-09-2013 | 12.88 | 4.84 | 6.86 | 10.96 | - |
| JM Tax Gain Fund - Growth option | 31-03-2008 | 21.92 | 5.99 | 11.32 | 12.35 | 10.0 |
| Axis Long Term Equity Fund - Growth | 29-12-2009 | 20.39 | 9.85 | 12.96 | 13.95 | - |
| DSP Tax Saver Fund - Regular Plan - Growth | 05-01-2007 | 18.75 | 4.41 | 8.85 | 12.49 | 13.2 |
| BNP Paribas Long Term Equity Fund - Growth Option | 05-01-2006 | 17.86 | 3.13 | 8.54 | 9.66 | 12.12 |
| LIC MF Tax Plan-Regular Plan-Growth | 31-03-1997 | 16.11 | 6.99 | 10.0 | 10.75 | 9.53 |
| Tata India Tax Savings Fund-Growth-Regular Plan | 13-10-2014 | 15.82 | 3.68 | 9.18 | 13.32 | - |
| Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option | 21-01-2015 | 14.15 | 2.36 | 9.75 | - | - |
| Canara Robeco Equity Taxsaver Fund - Regular Plan - Growth | 31-03-1993 | 14.12 | 8.12 | 10.23 | 9.96 | 12.18 |
| BOI AXA Tax Advantage Fund-Regular Plan- Growth | 25-02-2009 | 13.5 | 0.39 | 8.3 | 10.11 | 9.6 |
Scheme Characteristics
Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
6.91%
Others
14.4%
Large Cap
42.56%
Mid Cap
36.69%
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
