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IDBI Equity Advantage Fund - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : IDBI Mutual Fund
  • NAV
    : ₹ 39.99 0.91%
    (as on 14th October, 2021)
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Crisil Rank
Below average performance among peers
Risk-O-Meter
Very High

Fund has 98.61% investment in indian stocks of which 56.41% is in large cap stocks, 24.89% is in mid cap stocks, 3.7% 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 14th October, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 07-Oct-21 10336.00 3.36% - 3.10% 20/60
1 Month 14-Sep-21 10463.10 4.63% - 5.59% 44/60
3 Month 14-Jul-21 11412.70 14.13% - 13.85% 29/60
6 Month 13-Apr-21 12883.40 28.83% - 33.06% 41/60
YTD 01-Jan-21 13017.60 30.18% - 42.55% 54/60
1 Year 14-Oct-20 15422.30 54.22% 54.22% 68.75% 50/60
2 Year 14-Oct-19 14866.20 48.66% 21.89% 33.72% 56/59
3 Year 12-Oct-18 16066.70 60.67% 17.07% 23.22% 50/56
5 Year 14-Oct-16 17516.40 75.16% 11.86% 16.07% 40/42
Since Inception 10-Sep-13 39990.00 299.90% 18.67% 16.89% 18/58

SIP Returns (NAV as on 14th October, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 14-Oct-20 12000 15057.08 25.48 % 50.33 %
2 Year 14-Oct-19 24000 34012.65 41.72 % 37.55 %
3 Year 12-Oct-18 36000 52848.57 46.8 % 26.56 %
5 Year 14-Oct-16 60000 92035.54 53.39 % 17.13 %
 

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 Sep,2021)

Equity Holding : 98.61% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.61%
No of Stocks : 49 (Category Avg - 48.97) | Large Cap Investments : 56.41%| Mid Cap Investments : 24.89% | Small Cap Investments : 3.7% | Other : 13.61%

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 370.6 6.81% -0.22% 7.04% (May 2021) 0% (Oct 2020) 5.29 L 0.00
HDFC Bank Ltd. Banks 370.5 6.81% 0.02% 7.5% (Feb 2021) 5.93% (Dec 2020) 2.32 L 0.00
Infosys Ltd. Computers - software 349.6 6.43% -0.59% 7.02% (Aug 2021) 4.71% (Nov 2020) 2.09 L -0.14 L
State Bank Of India Banks 202.1 3.71% 0.20% 3.71% (Sep 2021) 0% (Oct 2020) 4.46 L 0.00
Reliance Industries Ltd. Refineries/marketing 196.5 3.61% 0.36% 5.92% (Oct 2020) 3.06% (Jul 2021) 77.98 k 0.00
HCL Technologies Limited Computers - software 187.6 3.45% 0.25% 3.45% (Sep 2021) 2.65% (Nov 2020) 1.47 L 0.00
ABB India Ltd. Power equipment 165.5 3.04% -0.06% 3.29% (Feb 2021) 2.29% (Oct 2020) 88.48 k 0.00
Housing Development Finance Corporation Ltd. Housing finance 156.5 2.88% -0.06% 4.05% (Mar 2021) 2.67% (Jul 2021) 56.82 k 0.00
Mphasis Ltd. Computers - software 150 2.76% -0.09% 2.85% (Aug 2021) 2.03% (Mar 2021) 48.31 k -5.00 k
Cholamandalam Investment & Finance Co. Ltd. Nbfc 131.1 2.41% 0.03% 4.02% (Jan 2021) 2.13% (Jul 2021) 2.32 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 1.29%
Net Receivables Net Receivables 0.10%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2021)

  • Standard Deviation

    Low volatility
    17.85vs19.05
    Category Avg
  • Beta

    Low volatility
    0.77vs0.85
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.63vs0.83
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.15vs0.19
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -0.74vs2.47
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Growth 5 433.15 7.31 13.17 40.20 98.16 38.05
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 5 3439.01 8.86 15.15 34.28 83.97 24.76
Franklin India Taxshield Fund - Growth 3 5020.57 8.57 14.60 32.32 75.30 19.90
Nippon India Tax Saver Fund - Growth 1 12466.99 5.95 16.46 30.21 74.04 15.79
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 3 10028.81 6.23 16.40 31.36 70.32 21.58
Baroda ELSS - 96 - Plan A - Growth 3 217.67 7.20 20.14 37.67 70.17 23.13
BOI AXA Tax Advantage Fund - Regular Plan - Growth 5 517.49 4.83 14.62 36.58 69.94 31.26
DSP Tax Saver Fund - Regular Plan - Growth 4 9755.66 3.44 11.33 30.12 69.58 25.64
Mahindra Manulife ELSS Kar Bachat Yojana - Regular Plan - Growth 4 419.70 4.95 13.63 31.91 69.32 21.32
JM Tax Gain Fund - Growth 3 65.33 6.91 17.37 31.60 68.82 25.83

More Funds from IDBI Mutual Fund

Out of 22 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 * , 3 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 - Growth 1 1078.12 0.27 0.83 1.68 3.35 5.15
IDBI India Top 100 Equity Fund - Growth 5 547.18 6.32 16.85 33.43 60.89 24.21
IDBI Equity Advantage Fund - Growth 2 544.04 4.63 14.13 28.83 54.22 17.07
IDBI Flexi Cap Fund - Regular Plan - Growth 4 378.79 5.76 18.32 35.74 64.36 22.04
IDBI Ultra Short Term Fund - Growth 4 328.05 0.84 1.44 2.29 4.34 5.70
IDBI Nifty Index Fund - Growth 3 219.93 5.44 15.64 26.65 52.32 20.26
IDBI Midcap Fund - Growth 2 214.70 6.78 15.95 35.29 74.19 22.84
IDBI Hybrid Equity Fund- Growth 3 209.20 7.63 14.12 23.72 41.45 15.03
IDBI Focused 30 Equity Fund - Growth 3 145.75 6.62 18.63 31.73 56.10 19.70
IDBI Small Cap Fund - Growth 3 130.37 6.94 14.83 40.71 92.91 24.69

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