In the light of recent outbreak of Coronavirus (Covid-19), Investors are now permitted to send transactions requests from their registered email ID in their folio for additional purchase, redemption, and switch to salesreport@idbimutual.co.in.In addition, Investors can also send request to stop their on-going SIPs to contactus@idbimutual.co.in from the registered email id in their folio/s. Please refer to the Notice dated April 02, 2020 for more details.

Product Snapshot

 
Fund Name
IDBI EQUITY ADVANTAGE FUND  
 
NatureAn open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.
Investment Objective The Scheme will seek to invest predominantly in a diversified portfolio of 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. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized.
Asset Allocation The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative allocation
(% of total assets)
Risk Profile
  Minimum Maximum  
Equity and equity related instruments 80% 100% Medium to High
Debt and Money Market instruments 0% 20% Low to Medium
For more details on Asset Allocation please refer Scheme Information Document(SID)
Fund Manager Ms. Uma Venkatraman
BenchmarkS&P BSE 200 Index-TRI
Face ValueRs. 10/- per unit.
Entry Load Not Applicable
Exit Load Nil
Lock-in-periodStatutory lock in period of 3 years from the date of allotment.
For SIP

Statutory lock in period of 3 years is applicable to every installment made in the scheme.

Plans & Options
The Scheme offers following plans for investment:-
  • Regular Plan
  • Direct Plan
Within each Plan there are two Options:
  1. Dividend Option
  2. Growth Option
The Dividend option under both Plans offers the following modes of dividend:
  • Payout
  • Sweep
Minimum Investment Rs. 500 and in multiples of Rs. 500 thereafter.
Additional Purchase Rs.500 and in multiples of Rs 500 thereafter.
Systematic Investment Plan (SIP)
Monthly option - Rs. 500 and in multiples of Rs. 500/- thereafter per month, for at least 12 months or
Rs. 1000 and in multiples of Rs. 500/- thereafter per month, for a minimum period of 6 months.
Quarterly option - Rs. 1500 and in multiples of Rs. 500/- per quarter thereafter for a minimum period of 4 quarters.

Investments above the minimum amount mentioned, shall be made in multiples of Rs.500 for all SIP irrespective of frequency of SIP or the Option
Riskometer
This product is suitable for investors who are seeking*:
  • Long term capital growth
  • An Equity Linked Savings Scheme (ELSS) investing 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 of three years.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.