IDBI Equity Advantage Fund Direct Growth
NAV: ₹ 43.6 as on 08-02-2023
Fund Insights
In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.99% return, outperforming this fund by 8.98%
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
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
Over the last 1 month, this fund has decreased expense ratio by 0.8% moving from 1.22 to 1.21
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
Fund Performance as on (19-Jan-23)
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.
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 | 1.21% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹461 Cr |
Inception Date | 10 September, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 398.43% |
Fund Distribution as on (31-Dec-22)
Sector Allocation
Financial Services
Basic Materials
Industrial
Tech
Consumer Cyclical
Energy
Consumer Defensive
Health
Communication
Top Holdings as on (31-Dec-22)
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
ICICI Bank Ltd | 8.82% | 0% | |
HDFC Bank Ltd | 8.39% | 0% | |
State Bank of India | 5.7% | 0% | |
Infosys Ltd | 5.02% | -17.1% | |
Axis Bank Ltd | 4.14% | 0% |
What changed
Change in AUM
Fund Returns vs Benchmark
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
IndusInd Bank Ltd | 3.9% |
Bharat Forge Ltd | 3.7% |
Axis Bank Ltd | 3.3% |
Top Losers | 1M Return |
|---|---|
ABB India Ltd | -10.4% |
Infosys Ltd | -9% |
ICICI Bank Ltd | -5.2% |
Peer Analysis
Fund Manager
Alok Ranjan
Top funds managed
AMC details
Fund Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹461 Cr
Expense Ratio 1.21%
Frequently Asked Questions
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% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
IDBI Equity Advantage Fund Direct Growth | -0.62 | -2.26 | -0.64 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
IDBI Equity Advantage Fund Direct Growth | 1.03 | 0.8 | 0.82 |
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 |
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 |
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.