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 |
|
| Options Under Each Plan | Both the Direct Plan and the Regular Plan come with the following options:
|
| 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 |
|
| 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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