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IDBI Equity Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : IDBI Mutual Fund
  • NAV
    : ₹ 48.77 0.1%
    (as on 28th July, 2023)
This scheme closed on 28-07-2023 & the data you are seeing is not latest data.

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.

This Scheme
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    Nifty 500 TRI
  • NA
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  • Gold
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Returns (NAV as on 28th July, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Rank within Category
1 Week 21-Jul-23 10041.20 0.41% - 22/59
1 Month 28-Jun-23 10321.70 3.22% - 42/59
3 Month 28-Apr-23 10999.10 9.99% - 52/58
6 Month 27-Jan-23 11578.80 15.79% - 34/57
YTD 30-Dec-22 11139.80 11.40% - 39/57
1 Year 28-Jul-22 11834.50 18.34% 18.35% 39/54
2 Year 28-Jul-21 12800.50 28.01% 13.14% 31/54
3 Year 28-Jul-20 18293.30 82.93% 22.30% 45/54
5 Year 27-Jul-18 17142.40 71.42% 11.37% 43/50
Since Inception 10-Sep-13 48770.00 387.70% 17.39% 12/53
Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 28th July, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 28-Jul-22 12000 13465.49 12.21 % 23.42 %
2 Year 28-Jul-21 24000 27819.94 15.92 % 14.92 %
3 Year 28-Jul-20 36000 46211.4 28.37 % 16.92 %
5 Year 27-Jul-18 60000 88722.61 47.87 % 15.65 %
SIP Calculator Detailed Returns Analysis
 

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 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).

Portfolio

This fund is inactive, so it does not have any stocks/debt in its current portfolio.

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
WhiteOak Capital ELSS Tax Saver Fund - Direct Plan - Growth NA 405.49 2.35 0.89 14.19 5.40 0.00
Parag Parikh ELSS Tax Saver Fund - Direct Plan - Growth 4 5538.01 2.25 0.06 10.75 5.24 19.02
HSBC Tax Saver Equity Fund - Direct Plan - Growth 2 249.72 1.47 0.03 16.90 4.90 19.22
HDFC ELSS Tax saver - Direct Plan - Growth 5 16579.03 2.71 1.64 13.89 4.43 21.69
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 3 779.08 1.79 0.05 12.38 1.91 14.16
ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan - Growth NA 40.45 5.37 4.33 16.88 1.61 19.07
Sundaram ELSS Tax Saver Fund - Direct Plan - Growth 3 1376.95 1.18 0.84 12.73 1.40 14.59
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 3 26075.63 2.43 0.78 14.58 1.30 16.98
Baroda BNP Paribas ELSS Tax Saver Fund - Direct Plan - Growth 3 911.15 1.76 0.40 12.66 1.21 18.33
Aditya Birla Sun Life ELSS Tax Saver Fund - Direct Plan - Growth 3 15456.98 2.51 1.07 15.15 1.14 14.11

More Funds from IDBI Mutual Fund

Out of 34 mutual fund schemes offered by this AMC, 3 is/are ranked 4 * , 8 is/are ranked 3 * , 5 is/are ranked 2 * , 5 is/are ranked 1 * , and 13 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
LIC MF Liquid Fund - Direct Plan - Growth 2 11199.32 0.47 1.47 3.33 6.96 7.05
LIC MF Large & Mid Cap Fund - Direct Plan - Growth 3 3100.87 -0.48 -1.40 12.53 -4.49 16.62
LIC MF Money Market Fund - Direct Plan - Growth NA 2055.87 0.45 1.62 3.96 7.06 6.66
LIC MF Banking & PSU Fund - Direct Plan - Growth 3 1851.38 -0.11 0.57 4.97 8.57 7.63
LIC MF Low Duration Fund - Direct Plan - Growth 3 1730.30 0.38 1.52 4.20 8.05 7.45
LIC MF Multi Cap Fund - Direct Plan - Growth NA 1678.95 -0.26 -0.05 15.54 -2.43 0.00
LIC MF Large Cap Fund - Direct Plan - Growth 2 1459.14 0.58 0.05 13.69 -2.38 12.42
LIC MF ELSS Tax Saver - Direct Plan - Growth 3 1114.91 0.20 0.52 10.36 -1.63 15.59
LIC MF Infrastructure Fund - Direct Plan - Growth 4 1038.27 -1.27 -1.85 19.39 -5.49 27.67
LIC MF Flexi Cap Fund - Direct Plan - Growth 1 1021.23 2.88 6.87 18.20 -4.63 15.04
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