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IDBI Equity Advantage Fund Direct Growth

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previously known as IDBI Equity Advantage Dir Gr until

48.770 (0.103%)
NAV on July 28, 2023
Category Equity:
ELSS (Tax Savings)
Investment StyleBox
Large Growth
Total Assets 485 cr
Turnover Ratio 259.11%
Expense Ratio 1.21%
Exit Load -
Returns
  • 1M: 3.22%
  • 1Y: 18.35%
  • 3M: 9.99%
  • 3Y: 22.30%
  • 6M: 15.79%
  • 5Y: 11.38%
Min Investment 500
IDBI MF merger in to LIC MF
ADDITIONAL INFO
Fund Manager
ISIN INF397L01EC6
Fund Family IDBI
P/E Ratio 25.91
P/B Ratio 3.80
Launch Date September 10, 2013
Benchmark IISL Nifty 500 TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs IISL Nifty 500 TR INR

Alpha -1.42
Beta 0.89
R-Squared 87.83
Info Ratio -0.85
Tracking Err 5.14
Sortino 2.304
Sharpe 1.166
Std Dev 13.897
Risk Below Average
SECTOR WEIGHTINGS (%)
Financial 35.11%
Industrial 16.37%
Technology 11.44%
Basic Materials 18.53%
Consumer Cyclical 7.85%
Utilities Services 0.0%
Healthcare Services 1.92%
Energy Services 5.04%
Communication Services 1.19%
Consumer Defensive 2.56%
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 Elss (Tax Savings) Funds
NAME LATEST
NAV		 RETURNS
1y       		FUND
ASSETS 		EXPENSE
RATIO		 RISK
Dsp
DSP ELSS Tax Saver Fund Direct Plan Growth
148.353 14.46% 16,218 cr 0.72% Average
Ppfas
Parag Parikh ELSS Tax Saver Fund Direct Growth
32.578 13.68% 4,906 cr 0.63% Low
Sbi
SBI Long Term Equity Fund Direct Growth
446.674 8.35% 28,506 cr 0.95% Above Average
Motilal
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
52.233 6.37% 3,897 cr 0.70% High
Jm
JM Tax Gain Fund (Direct) - Growth
50.838 4.85% 184 cr 1.03% Above Average
Kotak
Kotak ELSS Tax Saver-Scheme-Growth - Direct
127.454 4.24% 5,863 cr 0.71% Average
Boi mutual funds logo 02
Bank of India ELSS Tax Saver Fund Direct Plan Growth
172.360 -3.80% 1,320 cr 0.83% High


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