IDBI Equity Advantage Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

This scheme closed on 28-07-2023 & the data you are seeing is not latest data.

Scheme Objective

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.

Scheme Details

Fund manager(s) – Alok Ranjan
Launch date – 10-Sep-2013
Expense ratio – 1.21% as declared on 30-Jun-2023 (category average is 0.99%)
Benchmark - Nifty 500 TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2023

484.91

169734.76

0.29%

Jun - 2023	484.91	169734.76	0.29%
May - 2023	478.25	162430.51	0.29%
Apr - 2023	466.71	156596.22	0.30%
Mar - 2023	454.45	149645.93	0.30%
Feb - 2023	455.76	148242.90	0.31%
Jan - 2023	461.40	149392.61	0.31%

2022

480.04

152764.67

0.31%

Dec - 2022	480.04	152764.67	0.31%
Nov - 2022	504.44	156759.27	0.32%
Oct - 2022	499.13	153322.29	0.33%
Sep - 2022	481.58	147591.21	0.33%
Aug - 2022	504.95	151685.51	0.33%
Jul - 2022	487.10	146051.81	0.33%
Jun - 2022	443.68	132537.89	0.33%
May - 2022	473.06	139007.48	0.34%
Apr - 2022	495.01	144213.40	0.34%
Mar - 2022	511.26	145624.48	0.35%
Feb - 2022	498.31	138806.70	0.36%
Jan - 2022	522.78	144635.86	0.36%

2021

528.14

145783.16

0.36%

Dec - 2021	528.14	145783.16	0.36%
Nov - 2021	513.43	142356.14	0.36%
Oct - 2021	544.27	146098.30	0.37%
Sep - 2021	544.04	145356.40	0.37%
Aug - 2021	541.20	141840.66	0.38%
Jul - 2021	518.70	134683.48	0.39%
Jun - 2021	517.75	131689.99	0.39%
May - 2021	517.81	128774.29	0.40%
Apr - 2021	494.86	121579.80	0.41%
Mar - 2021	506.42	121114.97	0.42%
Feb - 2021	515.13	118836.61	0.43%
Jan - 2021	496.57	110639.78	0.45%

2020

528.00

113760.32

0.46%

Dec - 2020	528.00	113760.32	0.46%
Nov - 2020	513.41	106924.67	0.48%
Oct - 2020	477.77	96223.64	0.50%
Sep - 2020	473.03	94117.27	0.50%
Aug - 2020	477.47	94958.88	0.50%
Jul - 2020	469.06	90817.36	0.52%
Jun - 2020	474.89	86390.81	0.55%
May - 2020	451.01	80076.00	0.56%
Apr - 2020	464.80	81740.65	0.57%
Mar - 2020	432.14	71591.70	0.60%
Feb - 2020	535.80	92355.61	0.58%
Jan - 2020	572.00	96718.12	0.59%

Tax Rate

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakhs in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Contact Details

LIC Mutual Fund Asset Management Company Ltd.

4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
Tel no.: 022-66016000
Fax no.: 022-22843660
Website.: www.licmf.com

Forum

NITINPIMPALE
MF Investment Help
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20 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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31 days ago

View more

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The Fixed Income
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5 hrs ago

Secure Your Capital and Earn Steady Returns with a Trusted Bond Investment 9.35% NIDO HOME FINANCE LIMITED 2028 ✔️ Coupon: 9.35% ✔️ Rating: CRISIL A+ Stable ✔️ Tenor: 2y 10m (Maturity: 10/Sep/2028) Senior Secured Bond | NBFC Bond | High Return Bond | Listed Invest in stability and growth with Nido Home Finance, a well-rated NBFC offering secure, high-yield returns. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVlnPT0=/935-nido-home-finance-limited-2028?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Secure Your Capital and Earn Steady Returns with a Trusted Bond Investment 9.35% NIDO HOME FINANCE LIMITED 2028 ✔️ Coupon: 9.35% ✔️ Rating: CRISIL A+ Stable ✔️ Tenor: 2y 10m (Maturity: 10/Sep/2028) Senior Secured Bond | NBFC Bond | High Return Bond | Listed Invest in stability and growth with Nido Home Finance, a well-rated NBFC offering secure, high-yield returns. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVlnPT0=/935-nido-home-finance-limited-2028?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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82 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
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95 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

Posted by : ravisistla
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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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132 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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