We consider the problem of representing, in a compressed format, a bit-vector $S$ of $m$ bits with $n$ 1s, supporting the following operations, where $b \in \{0, 1 \}$: $rank_b(S,i)$ returns the number of occurrences of bit $b$ in the prefix $S[1..i]$; $select_b(S,i)$ returns the position of the $i$th occurrence of bit $b$ in $S$. Such a data structure is called \emph{fully indexable dictionary (FID)} [Raman et al.,2007], and is at least as powerful as predecessor data structures. Our focus is on space-efficient FIDs on the \textsc{ram} model with word size $Θ(\lg m)$ and constant time for all operations, so that the time cost is independent of the input size. Given the bitstring $S$ to be encoded, having length $m$ and containing $n$ ones, the minimal amount of information that needs to be stored is $B(n,m) = \lceil \log {{m}\choose{n}} \rceil$. The state of the art in building a FID for $S$ is given in [Patrascu,2008] using $B(m,n)+O(m / ((\log m/ t) ^t)) + O(m^{3/4}) $ bits, to support the operations in $O(t)$ time. Here, we propose a parametric data structure exhibiting a time/space trade-off such that, for any real constants $0 < δ\leq 1/2$, $0 < \eps \leq 1$, and integer $s > 0$, it uses \[ B(n,m) + O(n^{1+δ} + n (\frac{m}{n^s})^\eps) \] bits and performs all the operations in time $O(sδ^{-1} + \eps^{-1})$. The improvement is twofold: our redundancy can be lowered parametrically and, fixing $s = O(1)$, we get a constant-time FID whose space is $B(n,m) + O(m^\eps/\poly{n})$ bits, for sufficiently large $m$. This is a significant improvement compared to the previous bounds for the general case.