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

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

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: Positive return: 3.22%
1Y: Positive return: 18.35%
3M: Positive return: 9.99%
3Y: Positive return: 22.30%
6M: Positive return: 15.79%
5Y: Positive return: 11.38%

Min Investment 500

IDBI MF merger in to LIC MF

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 Rated
Top Performing

Top Elss (Tax Savings) Funds

Name	Latest NAV	Returns 1y	Fund Assets	Expense Ratio	Risk
Quant ELSS Tax Saver Growth Option Direct Plan	₹ 464.971	12.41%	₹ 13,458 cr	1.19%	High
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth	₹ 66.750	8.69%	₹ 5,134 cr	0.96%	High
JM ELSS - Tax Saver Fund (Direct) - Growth	₹ 61.048	7.21%	₹ 248 cr	1.34%	Above Average
HSBC ELSS Tax saver Fund Direct Plan Growth Option	₹ 155.797	3.41%	₹ 4,229 cr	1.21%	Above Average

Best Elss (Tax Savings) Funds

Name	Latest NAV	Returns 1y	Fund Assets	Expense Ratio	Risk
Quant ELSS Tax Saver Growth Option Direct Plan	₹ 464.971	12.41%	₹ 13,458 cr	1.19%	High
Edelweiss ELSS Tax saver Direct Plan Growth Option	₹ 137.410	3.83%	₹ 462 cr	0.92%	Average
Baroda BNP Paribas ELSS Tax Saver Fund Direct Plan Growth Option	₹ 113.262	3.80%	₹ 930 cr	1.09%	Average

IDBI Equity Advantage Fund Direct Growth

previously known as IDBI Equity Advantage Dir Gr until April 01, 2021

ADDITIONAL INFO

Asset Allocation

EQUITY DISTRIBUTION

RISK MEASURES (3 yrs)

SECTOR WEIGHTINGS (%)

INVESTMENT OBJECTIVE

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