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IDBI Equity Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : IDBI Mutual Fund
  • NAV
    : ₹ 42.29 1.41%
    (as on 30th September, 2022)
Crisil Rank
Below average performance among peers
Risk-O-Meter
Very High

The fund has 99.53% investment in domestic equities of which 57.65% is in Large Cap stocks, 21.34% is in Mid Cap stocks, 3.58% 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 3 to 2 in the previous quarter.

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Returns (NAV as on 30th September, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 23-Sep-22 9869.30 -1.31% - -0.98% 45/55
1 Month 30-Aug-22 9655.30 -3.45% - -1.67% 52/55
3 Month 30-Jun-22 11247.30 12.47% - 12.37% 21/55
6 Month 30-Mar-22 9997.60 -0.02% - 2.18% 40/55
YTD 31-Dec-21 9988.20 -0.12% - 0.81% 33/55
1 Year 30-Sep-21 10073.80 0.74% 0.74% 2.70% 31/55
2 Year 30-Sep-20 15372.60 53.73% 23.99% 30.73% 44/55
3 Year 30-Sep-19 14413.80 44.14% 12.95% 20.46% 51/54
5 Year 29-Sep-17 16571.30 65.71% 10.62% 12.89% 32/43
Since Inception 10-Sep-13 42290.00 322.90% 17.25% 15.24% 10/51

SIP Returns (NAV as on 30th September, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 30-Sep-21 12000 12241.42 2.01 % 3.73 %
2 Year 30-Sep-20 24000 27208.74 13.37 % 12.55 %
3 Year 30-Sep-19 36000 45546.09 26.52 % 15.86 %
5 Year 29-Sep-17 60000 82338.52 37.23 % 12.6 %
 

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,2022)

Portfolio Turnover Ratio : 2.00%  |   Category average turnover ratio is 56.42%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 99.53% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.53%
No of Stocks : 43 (Category Avg - 46.50) | Large Cap Investments : 57.65%| Mid Cap Investments : 21.34% | Small Cap Investments : 3.58% | Other : 16.96%

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 469.2 9.29% 0.40% 9.29% (Aug 2022) 6.81% (Sep 2021) 5.29 L 0.00
- HDFC Bank Ltd. Banks 367.5 7.28% 0.00% 7.51% (Jun 2022) 6.81% (Sep 2021) 2.47 L 0.00
Infosys Ltd. Computers - software 287.9 5.70% -0.43% 7.19% (Mar 2022) 5.7% (Aug 2022) 1.93 L 0.00
State Bank Of India Banks 237 4.69% -0.15% 4.84% (Jul 2022) 3.71% (Sep 2021) 4.46 L 0.00
ABB India Ltd. Power equipment 234.2 4.64% 0.61% 4.64% (Aug 2022) 3.03% (Mar 2022) 71.78 k 0.00
Reliance Industries Ltd. Refineries/marketing 205.7 4.07% 0.05% 4.56% (Jun 2022) 3.5% (Dec 2021) 77.98 k 0.00
Cholamandalam Investment & Finance Co. Ltd. Nbfc 183.6 3.64% 0.30% 3.64% (Aug 2022) 2.29% (Dec 2021) 2.32 L 0.00
Page Industries Ltd. Fabrics and garments 168.4 3.34% 0.03% 3.34% (Aug 2022) 2.04% (Sep 2021) 3.30 k 0.00
- Axis Bank Ltd. Banks 160.1 3.17% 0.00% 3.17% (Feb 2022) 2.02% (Sep 2021) 2.13 L 0.00
Housing Development Finance Corporation Ltd. Housing finance 139 2.75% -0.02% 2.97% (Oct 2021) 2.56% (Apr 2022) 56.82 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 0.54%
Net Receivables Net Receivables -0.07%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th August, 2022)

  • Standard Deviation

    Low volatility
    19.17vs20.63
    Category Avg
  • Beta

    Low volatility
    0.81vs0.89
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.67vs0.87
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.16vs0.2
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -0.19vs3.01
    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 1787.29 1.03 18.20 6.38 14.49 40.99
HDFC Tax Saver Fund - Direct Plan - Growth 4 9787.51 -1.54 11.39 5.90 7.71 16.63
Kotak Tax Saver Fund - Direct Plan - Growth 4 2935.89 -1.81 12.17 1.43 4.71 19.75
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3851.42 -1.40 11.78 0.18 4.62 23.77
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 733.49 0.00 9.55 3.87 4.48 23.91
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 5 415.69 -2.09 9.04 -0.96 3.37 19.58
Tata India Tax Savings Fund - Direct Plan - Growth 3 3118.97 -2.47 11.54 0.92 3.19 17.18
Sundaram Tax Saving Fund - Direct Plan - Growth 3 969.37 -2.28 11.46 2.28 2.84 19.37
Franklin India Taxshield Fund - Direct - Growth 3 4862.16 -1.64 12.33 2.61 2.32 16.80
SBI Long Term Equity Fund - Direct Plan - Growth 4 11204.25 -2.86 10.53 3.12 2.25 18.36

More Funds from IDBI Mutual Fund

Out of 21 mutual fund schemes offered by this AMC, 2 is/are ranked 4 * , 4 is/are ranked 3 * , 4 is/are ranked 2 * , 3 is/are ranked 1 * , and 8 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
IDBI India Top 100 Equity Fund - Direct Plan - Growth 4 624.03 -3.35 10.86 -0.57 -0.89 17.63
IDBI Liquid Fund - Direct Plan - Growth 1 592.01 0.41 1.28 2.33 4.15 4.23
IDBI Equity Advantage Fund - Direct Plan - Growth 2 504.95 -3.45 12.47 -0.02 0.74 12.95
IDBI Flexi Cap Fund - Direct Plan - Growth 4 407.50 -3.54 14.45 1.04 2.51 18.89
IDBI Ultra Short Term Fund - Direct Plan - Growth 1 235.12 0.41 1.30 2.16 4.08 4.93
IDBI Nifty Index Fund - Direct Plan - Growth 2 215.71 -3.84 8.51 -1.58 -1.93 14.89
IDBI Midcap Fund - Direct Plan - Growth 2 200.41 -2.44 14.38 4.26 -3.11 19.61
IDBI Hybrid Equity Fund- Direct Plan - Growth 3 188.72 -2.10 7.86 -2.46 -2.43 12.05
IDBI Small Cap Fund - Direct Plan - Growth 3 143.13 -0.93 17.49 7.18 13.71 28.45
IDBI Focused 30 Equity Fund - Direct Plan - Growth 3 134.64 -2.79 10.25 -1.66 -0.81 16.03

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