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IDBI Equity Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : IDBI Mutual Fund
  • NAV
    : ₹ 42.47 -0.49%
    (as on 17th September, 2021)
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Crisil Rank
Below average performance among peers
Risk-O-Meter
Very High

Fund has 99.67% investment in indian stocks of which 57.41% is in large cap stocks, 24.94% is in mid cap stocks, 3.69% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Crisil Rank Change : Fund Crisil rank was updated from 1 to 2 in the previous quarter.

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Returns (NAV as on 17th September, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 09-Sep-21 10187.10 1.87% - 1.16% 6/63
1 Month 17-Aug-21 10713.90 7.14% - 5.53% 8/63
3 Month 17-Jun-21 11429.00 14.29% - 13.01% 21/63
6 Month 17-Mar-21 12204.00 22.04% - 25.39% 41/63
YTD 01-Jan-21 12685.20 26.85% - 36.21% 54/63
1 Year 17-Sep-20 15244.10 52.44% 52.44% 61.89% 49/63
2 Year 17-Sep-19 15852.90 58.53% 25.87% 33.71% 55/62
3 Year 17-Sep-18 14604.50 46.04% 13.44% 17.73% 50/59
5 Year 16-Sep-16 18900.80 89.01% 13.56% 16.04% 33/42
Since Inception 10-Sep-13 42470.00 324.70% 19.75% 17.25% 12/57

SIP Returns (NAV as on 17th September, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 17-Sep-20 12000 15177.27 26.48 % 52.27 %
2 Year 17-Sep-19 24000 33772.79 40.72 % 36.63 %
3 Year 17-Sep-18 36000 52446.08 45.68 % 25.98 %
5 Year 16-Sep-16 60000 92904.78 54.84 % 17.5 %
 

Tax Treatment

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 10%, if your total long term capital gain exceeds 1 lakh 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).

Portfolio (Updated on 31st Aug,2021)

Portfolio Turnover Ratio : 88.00%  |   Category average turnover ratio is 69.73%  
Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)
Equity Holding : 99.67% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.67%
No of Stocks : 48 (Category Avg - 49.54) | Large Cap Investments : 57.41%| Mid Cap Investments : 24.94% | Small Cap Investments : 3.69% | Other : 13.63%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Banks 380.2 7.03% 0.07% 7.04% (May 2021) 0% (Sep 2020) 5.29 L 0.00
Infosys Ltd. Computers - software 380 7.02% 0.11% 7.02% (Aug 2021) 0% (Sep 2020) 2.23 L 0.00
HDFC Bank Ltd. Banks 367.4 6.79% 0.40% 7.5% (Feb 2021) 4.35% (Sep 2020) 2.32 L 0.00
State Bank Of India Banks 190.1 3.51% -0.20% 3.71% (Jul 2021) 0% (Sep 2020) 4.46 L 0.00
Reliance Industries Ltd. Refineries/marketing 176.1 3.25% 0.19% 5.92% (Oct 2020) 2.74% (Sep 2020) 77.98 k 0.00
HCL Technologies Limited Computers - software 173.4 3.20% 0.30% 3.2% (Aug 2021) 2.65% (Nov 2020) 1.47 L 0.00
ABB India Ltd. Power equipment 167.7 3.10% 0.20% 3.29% (Feb 2021) 2.29% (Oct 2020) 88.48 k 0.00
Housing Development Finance Corporation Ltd. Housing finance 159 2.94% 0.27% 4.05% (Mar 2021) 1.78% (Sep 2020) 56.82 k 0.00
Mphasis Ltd. Computers - software 154.5 2.85% 0.18% 2.85% (Aug 2021) 2.03% (Mar 2021) 53.31 k 0.00
Pi Industries Ltd. Pesticides and agrochemicals 132.3 2.44% 0.22% 2.44% (Aug 2021) 1.72% (Jan 2021) 38.98 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 0.48%
Net Receivables Net Receivables -0.15%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st August, 2021)

  • Standard Deviation

    Low volatility
    17.98vs19.37
    Category Avg
  • Beta

    Low volatility
    0.77vs0.86
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.4vs0.6
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.09vs0.14
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -1.78vs1.89
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 368.44 5.22 11.47 38.35 86.26 32.49
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3338.88 4.17 10.33 25.43 71.24 18.64
Nippon India Tax Saver Fund - Direct Plan - Growth 1 12385.02 5.88 14.57 23.52 67.83 10.53
DSP Tax Saver Fund - Direct Plan - Growth 4 9674.96 4.37 13.01 27.31 67.76 21.68
BOI AXA Tax Advantage Fund - Direct Plan - Growth 5 512.07 6.26 16.80 31.53 67.16 25.36
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 409.09 5.54 14.12 26.09 67.13 18.48
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth 2 2399.62 5.00 14.12 26.29 66.86 17.13
Franklin India Taxshield Fund - Direct - Growth 3 4876.56 4.53 9.61 20.22 65.84 14.80
Mirae Asset Tax Saver Fund - Direct Plan - Growth 4 9400.59 5.77 12.99 24.09 64.80 24.05
Axis Long Term Equity Fund - Direct Plan - Growth 3 33871.43 9.55 15.68 24.52 63.37 20.62

More Funds from IDBI Mutual Fund

Out of 21 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 2 is/are ranked 4 * , 4 is/are ranked 3 * , 3 is/are ranked 2 * , 2 is/are ranked 1 * , and 9 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
IDBI Liquid Fund - Direct Plan - Growth 1 998.70 0.26 0.86 1.72 3.41 5.34
IDBI Equity Advantage Fund - Direct Plan - Growth 2 541.20 7.14 14.29 22.04 52.44 13.44
IDBI India Top 100 Equity Fund - Direct Plan - Growth 5 519.49 6.47 14.38 25.55 59.55 20.00
IDBI Flexi Cap Fund - Direct Plan - Growth 4 366.09 8.05 16.79 29.36 60.66 18.65
IDBI Ultra Short Term Fund - Direct Plan - Growth 4 364.74 0.34 0.98 1.89 4.18 6.02
IDBI Nifty Index Fund - Direct Plan - Growth 3 213.24 5.87 12.34 19.36 53.00 16.34
IDBI Midcap Fund - Direct Plan - Growth 2 212.76 6.66 13.85 24.64 62.44 16.45
IDBI Hybrid Equity Fund- Direct Plan - Growth 3 205.51 4.29 8.10 15.19 32.21 10.24
IDBI Focused 30 Equity Fund - Direct Plan - Growth 3 144.42 6.93 14.89 23.48 52.54 15.61
IDBI Small Cap Fund - Direct Plan - Growth 3 127.53 7.30 14.83 33.08 76.06 18.62

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