IDBI Equity Advantage Fund - IDCW Regular

IDBI Equity Advantage Fund - IDCW Regular is a scheme launched by IDBI Mutual Fund on September 10, 2013, and falls under the ELSS fund category. It currently manages an AUM of Rs 478.25 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 500. It charges an expense ratio of 2.43% for managing the portfolio.

• Investing Strategy:

  The scheme seeks to invest in equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income tax deduction (under Section 80c of the Income Tax Act, 1961) on their investments, subject to a statutory lock-in for three years.

• Performance:

  IDBI Equity Advantage Fund - IDCW Regular trailing returns over different times are NA% (1 year), NA% (3 year) and NA% (5 year). The average annual return of this fund stands at NA%.