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IDBI Equity Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : IDBI Mutual Fund
  • NAV
    : ₹ 42.51 0.33%
    (as on 08th August, 2022)
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Crisil Rank
Below average performance among peers
Risk-O-Meter
Very High

The fund has 97.96% investment in domestic equities of which 58.99% is in Large Cap stocks, 21.02% is in Mid Cap stocks, 3.18% 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 08th August, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 01-Aug-22 10107.00 1.07% - 0.84% 17/55
1 Month 08-Jul-22 10902.80 9.03% - 7.80% 11/55
3 Month 06-May-22 10753.90 7.54% - 8.38% 23/55
6 Month 08-Feb-22 10049.60 0.50% - -0.10% 32/55
YTD 31-Dec-21 10040.20 0.40% - 0.12% 29/55
1 Year 06-Aug-21 10827.80 8.28% 8.23% 8.09% 27/55
2 Year 07-Aug-20 15738.60 57.39% 25.41% 32.37% 44/55
3 Year 08-Aug-19 15927.30 59.27% 16.77% 22.04% 45/54
5 Year 08-Aug-17 16573.10 65.73% 10.63% 13.02% 30/43
Since Inception 10-Sep-13 42510.00 325.10% 17.62% 15.45% 10/51

SIP Returns (NAV as on 08th August, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 06-Aug-21 12000 12398.14 3.32 % 6.19 %
2 Year 07-Aug-20 24000 28126.21 17.19 % 16.06 %
3 Year 08-Aug-19 36000 46689.66 29.69 % 17.63 %
5 Year 08-Aug-17 60000 83957.23 39.93 % 13.4 %
 

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 30th Jun,2022)

Portfolio Turnover Ratio : 6.00%  |   Category average turnover ratio is 74.18%  
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 : 97.96% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.96%
No of Stocks : 43 (Category Avg - 47.54) | Large Cap Investments : 58.99%| Mid Cap Investments : 21.02% | Small Cap Investments : 3.18% | Other : 14.77%

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 374 8.43% 0.01% 8.43% (Jun 2022) 6.81% (Sep 2021) 5.29 L 0.00
HDFC Bank Ltd. Banks 333.4 7.51% 0.25% 7.51% (Jun 2022) 6.39% (Jul 2021) 2.47 L 0.00
Infosys Ltd. Computers - software 281.9 6.35% 0.22% 7.19% (Mar 2022) 5.91% (Oct 2021) 1.93 L 0.00
State Bank Of India Banks 207.9 4.68% 0.27% 4.68% (Jun 2022) 3.51% (Aug 2021) 4.46 L 0.00
Reliance Industries Ltd. Refineries/marketing 202.4 4.56% 0.22% 4.56% (Jun 2022) 3.06% (Jul 2021) 77.98 k 0.00
ABB India Ltd. Power equipment 165.2 3.72% 0.04% 3.74% (Dec 2021) 2.9% (Jul 2021) 71.78 k 0.00
Cholamandalam Investment & Finance Co. Ltd. Nbfc 143.9 3.24% -0.10% 3.47% (Apr 2022) 2.13% (Jul 2021) 2.32 L 0.00
HCL Technologies Limited Computers - software 142.7 3.22% -0.01% 3.66% (Dec 2021) 2.9% (Jul 2021) 1.47 L 0.00
Axis Bank Ltd. Banks 135.7 3.06% -0.03% 3.17% (Feb 2022) 1.96% (Jul 2021) 2.13 L 0.00
Page Industries Ltd. Fabrics and garments 132.6 2.99% -0.16% 3.15% (May 2022) 2.04% (Aug 2021) 3.30 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 1.90%
Net Receivables Net Receivables 0.14%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th July, 2022)

  • Standard Deviation

    Low volatility
    19.15vs20.71
    Category Avg
  • Beta

    Low volatility
    0.82vs0.9
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.58vs0.75
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.14vs0.17
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -1.05vs2.21
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
HDFC Tax Saver Fund - Direct Plan - Growth 4 8715.76 6.76 9.03 5.03 15.00 17.95
Quant Tax Plan - Direct Plan - Growth 5 1370.20 9.40 6.13 1.50 13.08 40.45
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 617.75 5.09 5.58 0.13 12.57 24.57
Tata India Tax Savings Fund - Direct Plan - Growth 3 2743.28 8.13 9.30 0.65 10.56 18.97
Nippon India Tax Saver Fund - Direct Plan - Growth 3 10710.88 7.65 8.38 0.79 10.00 17.99
Sundaram Tax Saving Fund - Direct Plan - Growth 3 854.18 6.46 8.40 -0.98 10.00 19.80
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3399.14 6.91 6.06 -1.63 9.85 24.95
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 435.37 8.25 9.89 0.66 9.74 22.42
Kotak Tax Saver Fund - Direct Plan - Growth 4 2528.82 7.98 8.12 -0.06 9.55 21.06
Union Long Term Equity Fund - Direct Plan - Growth 4 478.56 8.11 8.99 1.25 8.80 22.12

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 Liquid Fund - Direct Plan - Growth 1 649.98 0.40 1.22 2.08 3.85 4.25
IDBI India Top 100 Equity Fund - Direct Plan - Growth 4 543.52 8.62 9.10 -0.11 8.78 20.42
IDBI Equity Advantage Fund - Direct Plan - Growth 2 443.68 9.03 8.72 -0.86 8.47 16.35
IDBI Flexi Cap Fund - Direct Plan - Growth 4 346.37 9.80 9.99 -0.36 11.51 22.00
IDBI Ultra Short Term Fund - Direct Plan - Growth 1 231.64 0.40 1.21 1.97 4.44 6.53
IDBI Nifty Index Fund - Direct Plan - Growth 2 194.31 8.20 8.25 1.21 8.99 17.15
IDBI Hybrid Equity Fund- Direct Plan - Growth 3 174.19 5.77 5.65 -2.15 5.53 13.40
IDBI Midcap Fund - Direct Plan - Growth 2 172.97 8.00 9.63 -1.88 1.91 20.78
IDBI Small Cap Fund - Direct Plan - Growth 3 122.03 10.03 8.67 0.83 18.69 29.75
IDBI Focused 30 Equity Fund - Direct Plan - Growth 3 120.56 8.11 8.68 -0.12 10.04 18.53

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