ABSL Equity Advantage Fund is a diversified Large & Mid Cap Fund which intends to maintain a minimum of 35% in both Large Cap & Midcap companies. The fund deploys a bottom-up approach to identify quality companies with high growth potential early in their cycle. The fund maintains a domestic economy focused portfolio to benefit from India growth story and its consumption boom on backdrop of favourable demographics, rising per capita income and increasing awareness and aspiration.
ABSL Equity Advantage Fund is declaring its annual distribution, an amount of Rs 7.107/unit (approx. yield of 6.00%) in Regular IDCW Plan and an amount of Rs 10.667/unit (approx. yield of 6.00%) in Direct IDCW Plan, record date being 25th August, 2022.
Following are few updates on the fund:
- The funds return as on 24th Aug 2022 (for Regular Growth Plan)
Time Period | 1 month | 3 months | 6 months | 1 year | 3 year | 5 year | Since Inception** |
Returns | 4.73% | 8.98% | -0.02% | -3.12% | 18.22% | 7.85% | 16.90% |
Source: MFIE; Upto 1 year Absolute returns, Greater than 1 year Compounded Annualized returns; **Date of inception: Feb 24, 1995
- The fund has declared 23 distributions since inception under the Regular Plan and 7 distributions under the Direct Plan. (Inception date: Feb 24, 1995)
- Following is the distributions declared by the fund in the last 10 years in the Regular Plan:
Record date | IDCW – Regular plan (Rs/unit) | IDCW Yield |
27-Aug-21 | 7.00 | 5.45% |
25-Aug-20 | 4.96 | 5.74% |
30-Aug-19 | 5.31 | 6.19% |
30-Aug-18 | 5.75 | 5.31% |
18-Aug-17 | 11.33 | 9.99% |
26-Aug-16 | 7.47 | 8.04% |
31-Aug-15 | 20.00 | 18.75% |
05-Sep-14 | 15.00 | 16.74% |
23-May-14 | 7.20 | 7.65% |
17-May-13 | 4.00 | 5.58% |
25-May-12 | 4.00 | 6.35% |