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IDBI Equity Advantage Fund Growth Return

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This Fund:
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Showing Funds Performance since Sep 07, 2020

IDBI Equity Advantage Fund Growth Fund Overview

Min. investment

SIP ₹500 & Lump. ₹500

AUM (Fund size)

₹485 Cr

Lock In Period

3 Years

Expense Ratio

2.41

Exit Load

Nil

Benchmark

NIfty 500 Total Return

Summary

IDBI Equity Advantage Fund Growth NAV is ₹42.44 as of 26 May, 2026. IDBI Equity Advantage Fund Growth has delivered 73.22% returns since its launch. The minimum SIP investment amount in IDBI Equity Advantage Fund Growth is ₹500. The AUM of IDBI Equity Advantage Fund Growth is ₹485 Cr. The expense ratio of the fund is 2.41%, and its benchmark is NIfty 500 Total Return. The current exit load of the fund is Nil. In the last 1M months, IDBI Equity Advantage Fund Growth has delivered 2.24% returns.

IDBI Equity Advantage Fund Growth Calculate Returns

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M2.240.044.38
6M9.271.7720.20
1Y21.925.1336.07
3Y20.1016.7997.35

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

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
SBI ELSS Tax Saver Fund Growth431093.9 CR1.62
HDFC Long Term Advantage Fund - Growth01311.68 CR2.23
IDBI Equity Advantage Fund Growth1484.91 CR2.41
Motilal Oswal ELSS Tax Saver Fund Growth44658.52 CR1.99
Fund Name1Y3Y
This FundSBI ELSS Tax Saver Fund Growth-0.390270.9164
This FundHDFC Long Term Advantage Fund - Growth35.505175.5679
This FundIDBI Equity Advantage Fund Growth16.922776.4538
This FundMotilal Oswal ELSS Tax Saver Fund Growth4.276684.4744

IDBI Equity Advantage Fund Growth 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.