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IDBI Equity Advantage Fund(G)-Direct Plan

IDBI Equity Advantage Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Tax Saving
52-week NAV high
30.02  (As on 31-08-2018)
52-week NAV low
25.16  (As on 09-10-2018)
Expense
0.78%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 2.07 3.24 8.12 -2.47 8.53 11.40 7.64 18.28 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Sep 10, 2013
Last Dividend
NA
Minimum Investment
500

The IDBI Equity Advantage Fund - Direct Plan - Growth Option is an open-ended equity-linked savings scheme offered by IDBI Mutual Fund and managed by IDBI Asset Management Limited. IDBI MF Trustee Company Limited is the trustee company of the fund house, and the registered office as well as the corporate office of the company is situated in Mumbai.

Investment Objective of the IDBI Equity Advantage Fund - Direct Plan - Growth Option

The investment objective of the IDBI Equity Advantage Fund - Direct Plan - Growth Option is to offer opportunities for capital appreciation to investors through investment mainly in a diversified portfolio comprising equity and equity-related instruments. The scheme also provides tax deductions under Section 80C of the Income Tax Act, 1961. The IDBI Equity Advantage Fund - Direct Plan - Growth Option comes with a statutory three-year lock-in period.

Key Features of the IDBI Equity Advantage Fund - Direct Plan - Growth Option

Here are some of the key features of the IDBI Equity Advantage Fund - Direct Plan - Growth Option:

Type of Fund Open-ended equity-linked savings scheme
Plans Available
  1. Regular Plan
  2. Direct Plan
Options Under Each Plan Both the Direct Plan and the Regular Plan come with the following options:
  1. Dividend Option
  2. Growth Option
The Dividend Option comes with the following facilities:
  1. Payout
  2. Sweep
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available
Risk Factor Moderately High

Investment Amount for the IDBI Equity Advantage Fund - Direct Plan - Growth Option

Minimum Application Amount (for Growth option) Rs.500 and in multiples of Rs.500 thereafter
Minimum Additional Investment (for Growth option) Rs.500 and in multiples of Rs.500 thereafter
Minimum Instalment for Systematic Investment Plans
  • Monthly Option: Rs.500 per month (minimum of 12 instalments), or Rs.1,000 per month (minimum of six instalments)
  • Quarterly Option: Rs.1,500 per quarter (minimum of four instalments)
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for the IDBI Equity Advantage Fund - Direct Plan - Growth Option

Instruments Allocations (Percentage of total assets) Risk Profile
Equity and Equity-related instruments 80% to 100% Medium to High
Money market and debt securities 0% to 20% Low to Medium

NAV Disclosure and Benchmark for IDBI Equity Advantage Fund - Direct Plan - Growth Option

The Net Asset Value of the IDBI Equity Advantage Fund - Direct Plan - Growth Option will be calculated by the Asset Management Company on a daily basis and published on the website of IDBI Mutual Fund as well as the website of the Association of Mutual Funds in India. The NAV shall also be published in a minimum of two daily newspapers that are circulated across the country by 9:00 p.m.

Benchmark Index of the IDBI Equity Advantage Fund - Direct Plan - Growth Option: S&P BSE 200 Index.

IDBI Equity Advantage Fund - Direct Plan - Growth Option Fund Manager

The IDBI Equity Advantage Fund - Direct Plan - Growth Option is managed by Ms. V Balasubramanian.

Why you should invest in the IDBI Equity Advantage Fund - Direct Plan - Growth Option

The IDBI Equity Advantage Fund - Direct Plan - Growth Option can be a profitable investment option for those who want capital growth in the long term along with tax benefits under Section 80C of the Income Tax Act, 1961.

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