IDBI Equity Advantage Fund - Growth Regular

IDBI Equity Advantage Fund - Growth Regular is a fund scheme from IDBI mutual fund. It falls under a ELSS category. After being launched on 10-09-2013. IDBI Equity Advantage Fund - Growth Regular has achieved Rs 478.25 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 500 and lumpsum of Rs 500 to start the investment. The expense ratio of this fund is 2.43%.

• 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 - Growth Regular trailing returns over different times are % (1 year), % (3 year), % (5 year). The average annual return of this fund stands at %

• Fund Manager & Portfolio Allocation:

  Alok Ranjan are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Financial, Technology, Capital Goods, Construction, Chemicals, Others Sectors. First five holdings of this fund are HDFC Bank Ltd., ICICI Bank Ltd., ABB India Ltd., State Bank of India, Cholamandalam Investment and Finance Company Ltd., Others, Others Companies.