IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 26.1 as on 22-03-2023
Fund Performance
3 people have invested ₹ 3K in mutual fund in the last three months
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl Performance as on (22-Mar-23)
About the Fund
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl 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 Payout of Income Distribution cum Cap wdrl has a NAV of ₹26.06 as on 22-03-2023.
2) IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl has ₹456 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 1.21 %.
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl Overview
 | 1.21% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹456 Cr |
 | 10 September, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 398.43% |
Fund Distribution as on (28-Feb-23)
Size breakup
Large cap
83.8%
Mid cap
12.6%
Small cap
3.2%
Sector Allocation
Financial Services
37.4%
Basic Materials
16.7%
Industrial
15.4%
Tech
12.7%
Consumer Cyclical
7.8%
Energy
4.7%
Consumer Defensive
2.1%
Health
1.7%
Communication
1%
Real Estate
0.3%
Top Holdings of IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl as on (28-Feb-23)
Equity Holdings41
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 ICICI Bank Ltd | 8.92% | 0% | |
 HDFC Bank Ltd | 8.68% | 0% | |
 Infosys Ltd | 5.22% | 0% | |
 State Bank of India | 5.12% | 0% | |
 ABB India Ltd | 5.07% | 0% |
See all
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at -0.27% whereas the fund’s underlying benchmark Nifty 500 returns stands at -2.22% as on Feb'23
- This fund outperformed Nifty 500 by 1.95% in Feb'23
AUM Change
- AUM of the fund stands at 455.8 Cr as of Feb'23
- AUM decreased by 5.6 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
ABB India Ltd's allocation increased from 4.01% to 4.42%
HCL Technologies Ltd's allocation increased from 3.17% to 3.57%
Infosys Ltd's allocation increased from 5.02% to 5.31%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 8.82 % to 8.57 %
State Bank of India's allocation decreased from 5.7 % to 5.35 %
Axis Bank Ltd's allocation decreased from 4.14 % to 4.02 %
Large Cap allocation has gone up from 83.4% to 83.8%
Small Cap allocation has gone down from 3.3% to 3.2%
Mid Cap allocation has gone up from 12.5% to 12.6%
Cash allocation has gone down from 0.8% to 0.3%
Top 3 Sectors in February were Financial Services, Industrial & Basic Materials
Feb'23
Financial Services
37%
Basic Materials
17%
Industrial
15%
Jan'23
Financial Services
37%
Industrial
14%
Basic Materials
14%
Gainers & Losers in IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl portfolio as on (28-Feb-23)
Top Growth Drivers | 1M Return |
|---|---|
 Adani Ports & Special Economic Zone Ltd | 19.7% |
 ABB India Ltd | 15.4% |
 Thermax Ltd | 10.1% |
Top Losers | 1M Return |
|---|---|
 Tata Steel Ltd | -14.8% |
 HCL Technologies Ltd | -4.8% |
 Infosys Ltd | -4.1% |
Peer Analysis
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl Fund Manager
Alok Ranjan
Fund Manager of IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl, since 16 August 2021
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.18% since inception which is more than its category average return of 12.28%
Fund Allocations
This fund has an allocation of 99.71% in Equity, 0% in Debt and 0.29% in Cash related instruments
AUM size ₹456 Cr
This fund has AUM of ₹456 Cr which is less than its category average of ₹ 2556 Cr
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 Payout of Income Distribution cum Cap wdrl is 26.05 as on 21-Mar-2023.
Existing (Absolute + CAGR)
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | -2.83% | -2.83% |
6 Month Returns | -3.73% | -3.73% |
1 Year Returns | 1.64% | 1.64% |
3 Years Returns | 70.37% | 19.44% |
5 Years Returns | 56.09% | 9.31% |
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1.21 as on February 2023
456 Cr as on February 2023
ICICI Bank Ltd(8.92%),HDFC Bank Ltd(8.68%),Infosys Ltd(5.22%),State Bank of India(5.12%),ABB India Ltd(5.07%) as on February 2023
Financial Services(37.32%),Basic Materials(16.67%),Industrial(15.34%) as on February 2023
The alpha ratio for the IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl | 1.5 | -1.94 | -1.14 |
As on February 2023
The alpha for IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl 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 Payout of Income Distribution cum Cap wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl | 1.01 | 0.8 | 0.82 |
As on February 2023
The Beta for IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl 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 Payout of Income Distribution cum Cap wdrl 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 Payout of Income Distribution cum Cap wdrl | -0.01 | 0.52 | 0.27 |
As on February 2023
The sharpe ratio for IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl 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 Payout of Income Distribution cum Cap wdrl 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 Payout of Income Distribution cum Cap wdrl | 16.77 | 18.86 | 17.48 |
As on February 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 0.73 as on February 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 Payout of Income Distribution cum Cap wdrl
The Exit load of IDBI Equity Advantage Fund Direct Payout of Income Distribution cum Cap wdrl 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.