Item: IDBI Equity Advantage Fund Direct Growth
Rating: 3
Author: Morningstar

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

46.280 (0.456%)

NAV on June 02, 2023

Category Equity:
ELSS (Tax Savings)

Investment StyleBox

Large Growth

Total Assets 467 cr

Turnover Ratio 398.43%

Expense Ratio 1.21%

Exit Load -

Returns

1M: 3.86%
1Y: 16.16%
3M: 8.36%
3Y: 21.35%
6M: 1.89%
5Y: 9.88%

Min Investment 500

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SECTOR WEIGHTINGS (%)

Financial 37.19%

Industrial 16.4%

Technology 10.63%

Basic Materials 17.48%

Consumer Cyclical 7.77%

Utilities Services 0.0%

Healthcare Services 1.74%

Energy Services 4.88%

Communication Services 1.10%

Consumer Defensive 2.47%

Real Estate 0.34%

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.

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Top Rated
Top Performing

Top Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Kotak Tax Saver-Scheme-Growth - Direct	90.532	17.95%	3,560 cr	0.65%	Below Average
Bank of India Tax Advantage Fund Direct Plan Growth	119.480	17.51%	739 cr	1.29%	Above Average
Parag Parikh Tax Saver Fund Direct Growth	22.155	17.11%	1,527 cr	0.80%	Low
PGIM India ELSS Tax Saver Fund Dir Gr	28.630	16.24%	494 cr	0.97%	Average
DSP Tax Saver Fund Direct Plan Growth	94.038	13.88%	10,513 cr	0.78%	Average
Mirae Asset Tax Saver Fund -Direct Plan-Growth	35.981	12.23%	15,218 cr	0.45%	Average
HSBC ELSS Fund Direct Plan Growth Option	91.463	17.11%	3,054 cr	1.14%	Average

Best Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Motilal Oswal Long Term Equity Fund Direct Plan Growth	32.602	21.68%	2,237 cr	0.76%	Above Average
SBI Long Term Equity Fund Direct Growth	270.790	20.58%	12,998 cr	—	Average
Kotak Tax Saver-Scheme-Growth - Direct	90.532	17.95%	3,560 cr	0.65%	Below Average
HDFC TaxSaver -Direct Plan - Growth Option	908.152	17.87%	10,179 cr	1.15%	Below Average
Taurus Tax Shield-Direct Plan-Growth Option	135.330	17.55%	61 cr	1.78%	Low
Bank of India Tax Advantage Fund Direct Plan Growth	119.480	17.51%	739 cr	1.29%	Above Average
JM Tax Gain Fund (Direct) - Growth	34.343	17.35%	74 cr	1.35%	Above Average