IDBI Equity Advantage Fund Direct Growth
IDBI Equity Advantage Fund Direct Growth

IDBI Equity Advantage Fund Direct Growth

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 43.6 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
72 people have invested ₹ 11.5L in mutual fund in the last three months

Fund Insights

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In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.99% return, outperforming this fund by 8.98%

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In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.17% return, outperforming this fund by 24.27% per annum

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In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 21.51% return, outperforming this fund by 11.74% per annum

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Over the last 1 month, this fund has decreased expense ratio by 0.8% moving from 1.22 to 1.21

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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.21% which is lower than the category average expense ratio of 1.4%

INDmoney Rank

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Pros
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
0.6%
-2.4%
2.5%
3%
11.9%
9.8%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
15%
9.6%
Category
-0.6%
-2.9%
1.7%
1.6%
14.4%
9.9%
About the Fund

IDBI Equity Advantage Fund Direct Growth is an equity fund. This fund was started on  10 September, 2013. The fund is managed by Alok Ranjan. The fund could potentially beat inflation in the long-run.

Key parameters

1) IDBI Equity Advantage Fund Direct Growth has a NAV of 43.57 as on 08-02-2023.

2) IDBI Equity Advantage Fund Direct Growth has 461 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 1.21 %.

Fund Overview

Expense ratio
Expense ratio
1.21%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹461 Cr
Inception Date
Inception Date
10 September, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
398.43%

Fund Distribution as on (31-Dec-22)

  • Equity 97.6%
  • Debt & Cash 2.4%
Size breakup
Large cap
83%
Mid cap
11.9%
Small cap
2.7%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

38.3%

Basic Materials

14.8%

Industrial

14%

Tech

12.1%

Consumer Cyclical

10.2%

Energy

4.9%

Consumer Defensive

2.7%

Health

1.9%

Communication

1.1%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings41
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 24.4 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 480 Cr
Nov'22
₹ 504.4 Cr
Oct'22
₹ 499.1 Cr

Fund Returns vs Benchmark

Jan'23
4.40%
5.37%
Dec'22
2.51%
2.63%
Nov'22
4.40%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
42
42
42
Top 5 Company Concentration
32.1%
32.7%
31.5%
Company having highest exposure
ICICI Bank Ltd (8.8%)
ICICI Bank Ltd (9%)
ICICI Bank Ltd (8.7%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
87.2%
87.7%
86.5%
Sector having highest exposure
Financial Services (37.4%)
Financial Services (35.9%)
Financial Services (34.7%)

Winners & Losers as on (31-Dec-22)

Fund Manager

Alok Ranjan

Alok Ranjan

Fund Manager of IDBI Equity Advantage Fund Direct Growth, since 16 August 2021

AMC details

Fund House
IDBI Asset Management Limited
Total Schemes
Total AUM
₹3.78K Cr
as on 31-Dec-2022
Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Email
contactus@idbimutual.co.in

Fund Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.92% since inception which is more than its category average return of 12.99%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.62% in Equity, 0% in Debt and 2.38% in Cash related instruments
AUM size ₹461 Cr

AUM size ₹461 Cr

This fund has AUM of ₹461 Cr which is less than its category average of ₹ 2668 Cr
Expense Ratio 1.21%

Expense Ratio 1.21%

This fund has an expense ratio of 1.21% which is less than its category average expense ratio of 1.57%

Frequently Asked Questions

The current NAV of IDBI Equity Advantage Fund Direct Growth is 43.22 as on 07-Feb-2023.
Existing (Absolute + CAGR)
IDBI Equity Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.23%
-0.23%
6 Month Returns
2.01%
2.01%
1 Year Returns
2.2%
2.2%
3 Years Returns
38.97%
11.59%
5 Years Returns
60.01%
9.86%
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1.21 as on January 2023
480 Cr as on January 2023
ICICI Bank Ltd(8.82%),HDFC Bank Ltd(8.39%),State Bank of India(5.7%),Infosys Ltd(5.02%),Axis Bank Ltd(4.14%) as on January 2023
Financial Services(37.36%),Basic Materials(14.44%),Industrial(13.69%) as on January 2023
The alpha ratio for the IDBI Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
IDBI Equity Advantage Fund Direct Growth
-0.62
-2.26
-0.64
As on January 2023
The alpha for IDBI Equity Advantage Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the IDBI Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
IDBI Equity Advantage Fund Direct Growth
1.03
0.8
0.82
As on January 2023
The Beta for IDBI Equity Advantage Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the IDBI Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
IDBI Equity Advantage Fund Direct Growth
-0.19
0.45
0.28
As on January 2023
The sharpe ratio for IDBI Equity Advantage Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the IDBI Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
IDBI Equity Advantage Fund Direct Growth
17.28
19.12
17.47
As on January 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.63 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Alok Ranjan is the fund manager of IDBI Equity Advantage Fund Direct Growth
The Exit load of IDBI Equity Advantage Fund Direct Growth is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.