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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹500 & Lump. ₹500

AUM (Fund size)

₹485 Cr

Lock In Period

3 Years

Expense Ratio

2.41

Benchmark

NIfty 500 Total Return

Exit Load

Nil

Summary

Latest details for IDBI Equity Advantage Fund Growth include a ₹42.44 NAV as of Jul 12,2023 and returns since inception of 73.22%. Minimum investments start at SIP ₹500. The IDBI Equity Advantage Fund Growth AUM is ₹485 Cr, with a lock-in of 3 Years years, expense ratio of 2.41%, and benchmark NIfty 500 Total Return. Exit load is - Nil. In the growth review for 1M Month/Year, the fund recorded 2.24% returns, against a category average of 2.41% and a category best of 16.16%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M2.242.4116.16
6M9.271.4520.20
1Y21.925.3236.07
3Y20.1016.96103.77

Portfolio Analysis

  • Equity: 96.36%
  • Debt: 3.64%
  • Others
As on: 2023-06-30
View allocation % by

1. HDFC Bank Ltd.8.68%
2. ICICI Bank Ltd.8.24%
3. State Bank of India5.27%
4. Cholamandalam Investment & Finance Co. Ltd.4.53%
5. Axis Bank Ltd.4.34%
6. Kotak Mahindra Bank Ltd.1.81%
7. IndusInd Bank Ltd.0.96%

1. Infosys Ltd.4.40%
2. HCL Technologies Ltd.2.86%
3. Mphasis Ltd.1.89%
4. LTIMindtree Ltd.1.88%

1. ABB India Ltd.6.55%
2. Thermax Ltd.1.76%
3. Crompton Greaves Consumer Electricals Ltd.0.99%

1. Reliance Industries Ltd.4.10%
2. Bharat Petroleum Corporation Ltd.0.75%

1. Ultratech Cement Ltd.2.54%
2. Shree Cement Ltd.1.34%
3. Dalmia Bharat Ltd.0.45%

1. Bharat Forge Ltd.2.32%
2. Eicher Motors Ltd.1.83%

1. Larsen & Toubro Ltd.3.63%

1. PI Industries Ltd.3.15%

1. Nestle India Ltd.2.47%

1. Century Plyboards (India) Ltd.2.43%

1. Page Industries Ltd.2.42%

1. SRF Ltd.2.02%

1. Grasim Industries Ltd.1.78%

1. Asian Paints Ltd.1.70%

1. Polycab India Ltd.1.40%

1. Coromandel International Ltd.1.32%

1. Cipla Ltd.1.26%

1. Bharti Airtel Ltd.1.14%

1. Tata Steel Ltd.1.13%

1. Voltas Ltd.1.02%

About Fund

IDBI Equity Advantage Fund Growth managed by IDBI Mutual Fund,is a Tax Saving (ELSS) Fundsscheme with Assets Under Management of ₹485 Crore. The fund benchmarks its performance against the NIfty 500 Total Return while maintaining an expense ratio of 2.41. Under the expert guidance of Alok Ranjan ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Alok Ranjan

Mr. Alok Ranjan has done MBA (Finance), BSc Physics (Honors). Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundHSBC ELSS Tax saver Fund Growth33561.32 CR1.94
This FundHDFC Long Term Advantage Fund - Growth01311.68 CR2.23
This FundIDBI Equity Advantage Fund Growth1484.91 CR2.41
This FundMotilal Oswal ELSS Tax Saver Fund Growth43968.68 CR1.84
Fund Name1Y3Y
This FundHSBC ELSS Tax saver Fund Growth5.850172.3784
This FundHDFC Long Term Advantage Fund - Growth35.505175.5679
This FundIDBI Equity Advantage Fund Growth16.922776.4538
This FundMotilal Oswal ELSS Tax Saver Fund Growth11.466896.626

FAQs

IDBI Equity Advantage Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of IDBI Equity Advantage Fund Growth is 2.41. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

IDBI Equity Advantage Fund Growth’s fund performance is as follows:
  • 1 Month : 2.24%
  • 6 Months : 9.27%
  • 1 Year : 21.92%
  • 3 Years : 20.10%
Returns of IDBI Equity Advantage Fund Growth are updated daily based on NAV of ₹ 42.44 as on Jul 12,2023. Since inception, the return has been 73.22%.

You can invest in IDBI Equity Advantage Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of IDBI Equity Advantage Fund Growth is ₹485 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in IDBI Equity Advantage Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500