IDBI Equity Advantage Fund - Growth Regular

Fund House: IDBI Mutual Fund
Category: Equity: ELSS
Launch Date: 10-09-2013
Asset Class: Equity
Benchmark: S&P BSE 200 TRI
Expense Ratio: 2.52% As on (31-03-2021)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 506.42 Cr As on (31-03-2021)
Turn over: 78% | Exit Load: Nil

32.36

16.5%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
S&P BSE 200 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
1 Years 4 Months
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

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 43.89 13.86 5.9 10.4 -
quant Tax Plan - Growth Option - Regular Plan 01-04-2000 130.35 43.68 26.71 23.32 15.13
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 26-12-2008 91.06 20.84 10.26 16.11 15.22
Mirae Asset Tax Saver Fund-Regular Plan-Growth 05-12-2015 77.24 24.17 16.6 21.17 -
Franklin India Taxshield-Growth 05-04-1999 75.0 14.12 8.88 11.29 13.28
Parag Parikh Tax Saver Fund- Regular Growth 08-07-2019 72.31 - - - -
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option 05-09-2005 71.6 9.86 2.93 8.14 11.83
JM Tax Gain Fund (Regular) - Growth option 31-03-2008 71.46 19.59 12.17 16.23 13.41
DSP Tax Saver Fund - Regular Plan - Growth 05-01-2007 71.1 21.23 13.98 16.41 15.15
Quantum Tax Saving Fund - Regular Plan Growth Option 01-04-2017 69.99 12.65 8.84 - -

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

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

7.39%

Others

1.62%

Large Cap

66.93%

Mid Cap

24.34%

Scheme Documents

March 2021

February 28, 2021

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

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