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Budget 2023Budget 2023

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  • DSP Mutual Fund
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IDBI Equity Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 42.8 0.35%
    (as on 02nd February, 2023)
Crisil Rank
Below average performance among peers
Risk-O-Meter
Very High

The fund has 99.21% investment in domestic equities of which 58.55% is in Large Cap stocks, 22.19% is in Mid Cap stocks, 2.74% 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.

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Returns (NAV as on 01st February, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 25-Jan-23 9927.80 -0.72% - -0.99% 19/58
1 Month 30-Dec-22 9741.90 -2.58% - -2.83% 28/60
3 Month 01-Nov-22 9580.00 -4.20% - -2.78% 27/58
6 Month 01-Aug-22 10140.30 1.40% - 2.94% 34/57
YTD 30-Dec-22 9741.90 -2.58% - -2.83% 28/60
1 Year 01-Feb-22 9930.20 -0.70% -0.70% 0.98% 33/57
2 Year 01-Feb-21 12678.40 26.78% 12.60% 17.44% 44/57
3 Year 31-Jan-20 13883.50 38.84% 11.54% 17.92% 52/57
5 Year 01-Feb-18 15076.00 50.76% 8.55% 10.57% 35/47
Since Inception 10-Sep-13 42650.00 326.50% 16.68% 13.98% 9/55

SIP Returns (NAV as on 01st February, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 01-Feb-22 12000 12171 1.43 % 2.63 %
2 Year 01-Feb-21 24000 25574.81 6.56 % 6.21 %
3 Year 31-Jan-20 36000 44120.22 22.56 % 13.63 %
5 Year 01-Feb-18 60000 80515.14 34.19 % 11.69 %
 

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 Dec,2022)

Portfolio Turnover Ratio : 1.00%  |   Category average turnover ratio is 54.94%  
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 : 99.21% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.21%
No of Stocks : 42 (Category Avg - 47.22) | Large Cap Investments : 58.55%| Mid Cap Investments : 22.19% | Small Cap Investments : 2.74% | Other : 15.73%

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 423.5 8.82% -0.16% 9.46% (Sep 2022) 7.55% (Mar 2022) 4.75 L 0.00
HDFC Bank Ltd. Banks 402.6 8.39% 0.50% 8.39% (Dec 2022) 6.92% (Apr 2022) 2.47 L 0.00
State Bank Of India Banks 273.8 5.70% 0.37% 5.7% (Dec 2022) 4.31% (Mar 2022) 4.46 L 0.00
Infosys Ltd. Computers - software 241 5.02% -1.23% 7.19% (Mar 2022) 5.02% (Dec 2022) 1.60 L -0.33 L
Axis Bank Ltd. Banks 199 4.14% 0.33% 4.14% (Dec 2022) 3.06% (Jun 2022) 2.13 L 0.00
Reliance Industries Ltd. Refineries/marketing 198.6 4.14% -0.08% 4.56% (Jun 2022) 3.56% (Jan 2022) 77.98 k 0.00
ABB India Ltd. Power equipment 192.6 4.01% -0.26% 4.64% (Aug 2022) 3.03% (Mar 2022) 71.78 k 0.00
Cholamandalam Investment & Finance Co. Ltd. Nbfc 168 3.50% 0.21% 3.64% (Aug 2022) 2.8% (Jan 2022) 2.32 L 0.00
HCL Technologies Limited Computers - software 152.4 3.17% -0.09% 3.34% (Mar 2022) 2.73% (Aug 2022) 1.47 L 0.00
Housing Development Finance Corporation Ltd. Housing finance 149.9 3.12% 0.09% 3.12% (Dec 2022) 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 2.56%
Net Receivables Net Receivables -0.18%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st January, 2023)

  • Standard Deviation

    Low volatility
    18.83vs20.44
    Category Avg
  • Beta

    Low volatility
    0.81vs0.89
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.26vs0.53
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.06vs0.12
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -2.68vs1.76
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Baroda BNP Paribas ELSS Fund - Direct Plan - Growth (Adjusted NAV) NA 681.38 -2.73 65.48 70.47 61.12 35.28
Sundaram Tax Saving Fund - Direct Plan - Growth (Adjusted NAV) NA 965.02 -2.78 10.34 16.36 13.17 22.90
HDFC Tax Saver Fund - Direct Plan - Growth 5 9992.81 -2.69 -1.99 5.34 7.12 16.93
Parag Parikh Tax Saver Fund - Direct Plan - Growth 5 941.56 0.93 -0.78 7.85 6.13 24.17
Quantum Tax Saving Fund - Direct Plan - Growth 3 115.49 -1.55 0.24 4.14 3.57 15.41
Taurus Taxshield - Direct Plan - Growth 2 62.54 0.10 0.39 8.01 3.56 14.96
SBI Long Term Equity Fund - Direct Plan - Growth 4 11923.53 -2.58 -1.44 4.97 3.36 17.49
Kotak Tax Saver Fund - Direct Plan - Growth 4 3161.09 -3.73 -2.49 3.12 1.77 16.78
Tata India Tax Savings Fund - Direct Plan - Growth 3 3192.07 -3.33 -2.70 3.23 1.18 15.90
ITI Long Term Equity Fund - Direct Plan - Growth 2 157.03 -3.19 -2.80 3.78 0.57 11.30

More Funds from

Out of 19 mutual fund schemes offered by this AMC, 2 is/are ranked 4 * , 5 is/are ranked 3 * , 2 is/are ranked 2 * , 4 is/are ranked 1 * , and 6 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 1 634.30 0.53 1.64 3.09 5.20 4.34
IDBI India Top 100 Equity Fund - Direct Plan - Growth 4 613.64 -3.27 -3.27 1.45 -1.03 16.49
IDBI Equity Advantage Fund - Direct Plan - Growth 2 480.04 -2.68 -3.56 1.66 -1.25 11.65
IDBI Flexi Cap Fund - Direct Plan - Growth 4 368.73 -3.19 -5.50 -1.07 -4.43 16.02
IDBI Ultra Short Term Fund - Direct Plan - Growth 1 205.32 0.51 1.64 3.03 5.07 4.85
IDBI Nifty Index Fund - Direct Plan - Growth 3 200.93 -3.23 -2.65 1.65 0.01 14.39
IDBI Midcap Fund - Direct Plan - Growth 1 188.24 -4.17 -5.56 -3.18 -6.65 14.52
IDBI Hybrid Equity Fund- Direct Plan - Growth 3 180.39 -2.86 -1.64 1.20 -3.10 11.29
IDBI Small Cap Fund - Direct Plan - Growth 3 149.85 -2.81 -4.86 1.09 -1.57 23.97
IDBI Focused 30 Equity Fund - Direct Plan - Growth 3 130.68 -1.85 -2.09 2.50 -0.96 15.36

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