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.
IDBI Equity Advantage Fund Regular Reinvestment of Income Distribution cum Cap wdrl is an Equity - ELSS (Tax Savings) fund. The fund was launched inSep 10, 2013. Its risk level is . The NAV of the fund as onJul 28, 2023 is ₹26.08. Its expense ratio is 2.42 %. The fund has an AUM of ₹484.91 Cr.The fund is managed byAlok Ranjan.
The minimum initial investment is ₹500 in Lumpsum mode.
No Data For Allocation