IDBI Equity Advantage Fund Direct Reinvestment of Income Distribution cum Cap wdrl
IDBI Equity Advantage Fund Direct Reinvestment of Income Distribution cum Cap wdrl

IDBI Equity Advantage Fund Direct Reinvestment of Income Distribution cum Cap wdrl

Equity
Direct
Elss (Tax Savings)

NAV: ₹ 26.6 as on 06-10-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
-1.7%
12%
-0.3%
2.4%
14.6%
10.4%
Benchmark
-1.7%
9.4%
-1%
-1.6%
18.5%
11.4%
Category
-4.9%
-3.9%
2.7%
-3.3%
8.1%
9.8%
About the Fund

IDBI Equity Advantage Fund Direct Reinvestment 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 Reinvestment of Income Distribution cum Cap wdrl has a NAV of 26.55 as on 06-10-2022.

2) IDBI Equity Advantage Fund Direct Reinvestment of Income Distribution cum Cap wdrl has 505 Cr worth of assets under management (AUM) as on 31-08-2022 and is less than category average.

3) The fund has an expense ratio 1.2 %.

Fund Overview

Expense ratio
Expense ratio
1.2%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹505 Cr
Inception Date
Inception Date
10 September, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹0/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
398.43%

Fund Distribution

  • Equity 99.5%
  • Debt & Cash 0.5%
Size breakup
Large cap
74.3%
Mid cap
21.1%
Small cap
4.2%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

34.4%

Industrial

15.1%

Basic Materials

14.9%

Tech

12.7%

Consumer Cyclical

11.3%

Energy

4.7%

Consumer Defensive

3%

Health

2.1%

Communication

1.8%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings44
Equity Holdings43
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 17.8 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 504.9 Cr
Jul'22
₹ 487.1 Cr
Jun'22
₹ 443.7 Cr

Fund Returns vs Benchmark

Aug'22
10.77%
9.49%
Jul'22
10.77%
9.49%
Jun'22
-5.61%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
44
45
45
Top 5 Company Concentration
31.6%
31.2%
31.5%
Company having highest exposure
ICICI Bank Ltd (9.3%)
ICICI Bank Ltd (8.9%)
ICICI Bank Ltd (8.4%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
88%
86.8%
85%
Sector having highest exposure
Financial Services (34.2%)
Financial Services (33.6%)
Financial Services (32.8%)

Fund Manager

Alok Ranjan

Alok Ranjan

Managing this fund since 16 August 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
IDBI Equity Advantage Fund Direct Growth
14.84%
18.04%
IDBI Flexi Cap Fund Direct Growth
20.34%
17.73%
IDBI India Top 100 Equity Fund Direct Growth
19.23%
16.26%

AMC details

Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Fund House
IDBI Asset Management Limited

Fund Highlights

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 17.31% since inception which is more than its category average return of 13.82%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.54% in Equity, 0% in Debt and 0.46% in Cash related instruments
AUM size ₹505 Cr

AUM size ₹505 Cr

This fund has AUM of ₹505 Cr which is less than its category average of ₹ 2720 Cr
Expense Ratio 1.2%

Expense Ratio 1.2%

This fund has an expense ratio of 1.2% which is less than its category average expense ratio of 1.58%