Bank of India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 03-12-2024
₹ 199.05
▲0.7%
1D
Inception Returns
19.6%
/yr
About Bank of India ELSS Tax Saver Fund Direct Growth
Bank of India ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Bank of India ELSS Tax Saver Fund Direct Growth has ₹1436 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Bank of India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 19.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.91%, 20.30% and 27.00% respectively.
Holdings
Bank of India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Tech, Consumer Cyclical, Utilities, Energy, Consumer Defensive, Health, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, State Bank of India, Vedanta Ltd, Prudent Corporate Advisory Services Ltd, NTPC Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Bank of India ELSS Tax Saver Fund Direct Growth
The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized).
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Bank of India ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
3474 people have invested ₹ 1Cr in Bank of India ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Bank of India ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Bank of India ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.84% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹1436 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 100.69% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (03-Dec-24)
Fund Distribution
as on (31-Oct-24)
Large cap
49.6%
Small cap
23%
Mid cap
19.8%
Sector Allocation
Financial Services
28.4%
Industrial
17.6%
Basic Materials
16.6%
Tech
11.6%
Consumer Cyclical
5.9%
Utilities
5%
Energy
4.1%
Consumer Defensive
4.1%
Health
3.8%
Real Estate
1.6%
Communication
1.1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.84% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.68% in Oct'24
- AUM of the fund stands at 1.4K Cr as of Oct'24
- AUM decreased by 49.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Prudent Corporate Advisory Services Ltd's allocation increased from 2.28% to 2.82%
Coforge Ltd's allocation increased from 1.34% to 1.8%
HDFC Bank Ltd's allocation increased from 4.9% to 5.32%
Top Stocks sold last month
Vedanta Ltd's allocation decreased from 4.18 % to 3.91 %
NTPC Ltd's allocation decreased from 2.85 % to 2.71 %
General Insurance Corp of India's allocation decreased from 2.27 % to 2.19 %
Large Cap allocation has gone up from 49.4% to 49.6%
Small Cap allocation has gone up from 22.7% to 23%
Mid Cap allocation has gone down from 21.7% to 19.8%
Cash allocation has gone up from 6.2% to 7.6%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in October were Financial Services, Industrial & Basic Materials
Oct'24
Financial Services
28%
Industrial
18%
Basic Materials
17%
Sep'24
Financial Services
27%
Industrial
18%
Basic Materials
17%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Swan Energy Ltd | 31.5% |
 Dixon Technologies (India) Ltd | 16.1% |
 Coforge Ltd | 15.5% |
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Fund House
Bank of India Investment Managers Private Limited
Total Schemes
Total AUM
₹11.36K Cr
as on 31-Oct-2024
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Website
service@boimf.in
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 55.22% return, outperforming this fund by 21.31%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.84% which is lower than the category average expense ratio of 1.29%.
Over the last 1 month, this fund has experienced a 3.3% drop in AUM moving from 1.48K Cr to 1.43K Cr.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 28.2% return, outperforming this fund by 7.9% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.04% return, outperforming this fund by 6.05% per annum.
Bank of India ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.56% since inception which is more than its category average return of 15.96%
Fund Allocations
This fund has an allocation of 92.37% in Equity, 0% in Debt and 7.63% in Cash related instruments
AUM size ₹1436 Cr
This fund has AUM of ₹1436 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.84%
This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Bank of India ELSS Tax Saver Fund Direct Growth
The current NAV of Bank of India ELSS Tax Saver Fund Direct Growth is ₹199.05 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Bank of India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.2% | 1.2% |
6 Month Returns | 6.08% | 6.08% |
1 Year Returns | 33.91% | 33.91% |
3 Years Returns | 74.11% | 20.3% |
5 Years Returns | 230.34% | 27% |
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0.84% as on November 2024
₹1436 Cr as on November 2024
HDFC Bank Ltd(5.32%), State Bank of India(4.3%), Vedanta Ltd(3.91%), Prudent Corporate Advisory Services Ltd(2.82%), NTPC Ltd(2.71%) as on November 2024
Financial Services(26.27%), Industrial(16.29%), Basic Materials(15.38%) as on November 2024
The alpha ratio for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bank of India ELSS Tax Saver Fund Direct Growth | 8.91 | 3.61 | 7.44 |
As on November 2024
The alpha for Bank of India ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bank of India ELSS Tax Saver Fund Direct Growth | 0.84 | 0.99 | 0.88 |
As on November 2024
The Beta for Bank of India ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bank of India ELSS Tax Saver Fund Direct Growth | 2 | 0.97 | 1.13 |
As on November 2024
The sharpe ratio for Bank of India ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bank of India ELSS Tax Saver Fund Direct Growth | 12.06 | 14.54 | 18.04 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.81 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.7 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Bank of India ELSS Tax Saver Fund Direct Growth is 0%