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IDBI EQUITY ADVANTAGE FUND

An open-ended Equity Linked Savings Scheme with a statutory lock in of 3 years and tax benefit

Fund Manager

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Ms. Uma Venkatraman

Total Experience: Over 16 years (FM managing this Scheme since 1st July, 2018)

Other Funds Managed by Ms. Uma Venkatraman - Click Here

Fund Information

Fund Category

ELSS

Inception

10 Sep 2013

Benchmark

S&P BSE 200 - Total Return Index -TRI

Entry Load

Not Applicable

Exit Load

Nil. Investment under the scheme is subject to a lock-in period of 3 Years.

Face Value

Rs. 10/- per unit

Returns

As of last business day of the month- December 2020

8.34%

Investment Essentials

Minimum Application Amount

Minimum Lumpsum Amount:
Rs. 500 and in multiples of Rs. 500 thereafter
Minimum Additional Lumpsum Amount:
Rs. 500 and in multiples of Rs. 500 thereafter
Systematic Investment Plan (SIP) Options
Monthly Option:
Rs. 500/- per month for a minimum period of 12 months
Or
Rs. 1000/- per month for a minimum period of 6 months

Quarterly Option:
Rs. 1500/- per quarter for a minimum period of 4 quarters
Investments above minimum amount mentioned, shall be made in multiples of Rs. 500 for all SIP irrespective of frequency of SIP or the option.

PRODUCT LABEL

Riskometer
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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.
*Investor should consult their financial advisors if in doubt about whether the product is suitable for them.