Bank of India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 10-02-2025
₹ 174.16
1D
Inception Returns
18.2%
/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 ₹1441 Cr worth of assets under management (AUM) as on Nov 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 18.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.94%, 17.37% and 22.21% respectively.
Holdings
Bank of India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Basic Materials, Utilities, Consumer Cyclical, Health, Consumer Defensive, Real Estate, Energy, Communication. Its top holdings are HDFC Bank Ltd, State Bank of India, Vedanta Ltd, Coforge Ltd, Swan Energy 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
Absolute
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3550 people have invested ₹ 1.3Cr 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 | 0.83% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹1441 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 100.69% |
| STCG | Selling mutual fund 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 (10-Feb-25)
Fund Distribution
as on (30-Nov-24)
Large cap
48.1%
Small cap
24.9%
Mid cap
21.5%
Sector Allocation
Financial Services
27.5%
Tech
17%
Industrial
16.6%
Basic Materials
14.1%
Utilities
6.7%
Consumer Cyclical
4.8%
Health
4.2%
Consumer Defensive
4.1%
Real Estate
3%
Energy
1%
Communication
1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.13% in Nov'24
- AUM of the fund stands at 1.4K Cr as of Dec'24
- AUM decreased by 11.6 Cr between Dec'24 and Nov'24
Top Stocks bought last month
Swan Energy Ltd's allocation increased from 1.51% to 2.16%
Tata Consultancy Services Ltd's allocation increased from 1.44% to 1.97%
Coforge Ltd's allocation increased from 1.8% to 2.33%
Top Stocks sold last month
Prudent Corporate Advisory Services Ltd's allocation decreased from 2.82 % to 2.72 %
NTPC Ltd's allocation decreased from 2.71 % to 2.39 %
Reliance Industries Ltd's allocation decreased from 2.12 % to 2.03 %
Mid Cap allocation has gone up from 21.1% to 21.5%
Large Cap allocation has gone down from 49.8% to 48.1%
Small Cap allocation has gone up from 23.2% to 24.9%
Cash allocation has gone down from 4.8% to 2.8%
Top 3 Sectors in December were Financial Services, Industrial & Corporate
Dec'24
Financial Services
27%
Tech
17%
Industrial
17%
Nov'24
Financial Services
29%
Industrial
18%
Corporate
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.41% | 0% | |
 State Bank of India | 4.63% | 0% | |
 Vedanta Ltd | 4.17% | 9.1% | |
 Coforge Ltd | 3.69% | 15% | |
 Swan Energy Ltd | 2.99% | 18.2% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Indian Bank | 7.1% |
 Ami Organics Ltd | 6.5% |
 SBI Life Insurance Company Ltd | 0.5% |
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Fund House
Bank of India Investment Managers Private Limited
Total Schemes
Total AUM
₹11.16K Cr
as on 29-Nov-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 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 30.52% return, outperforming this fund by 8.32% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.83% which is lower than the category average expense ratio of 1.25%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 21.01% return, outperforming this fund by 15.07%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 24.17% return, outperforming this fund by 6.8% 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 18.22% since inception which is more than its category average return of 15.18%
Fund Allocations
This fund has an allocation of 97.19% in Equity, 0% in Debt and 2.81% in Cash related instruments
AUM size ₹1441 Cr
This fund has AUM of ₹1441 Cr which is less than its category average of ₹ 4842 Cr
Expense Ratio 0.83%
This fund has an expense ratio of 0.83% which is less than its category average expense ratio of 1.35%
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 ₹174.16 as on 10-Feb-2025.
Existing (Absolute + CAGR) as on 10-Feb-2025.
Bank of India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.83% | -7.83% |
6 Month Returns | -9.31% | -9.31% |
1 Year Returns | 5.94% | 5.94% |
3 Years Returns | 61.7% | 17.37% |
5 Years Returns | 172.57% | 22.21% |
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0.83% as on January 2025
₹1441 Cr as on January 2025
HDFC Bank Ltd(5.41%), State Bank of India(4.63%), Vedanta Ltd(4.17%), Coforge Ltd(3.69%), Swan Energy Ltd(2.99%) as on January 2025
Financial Services(26.7%), Tech(16.49%), Industrial(16.11%) as on January 2025
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 | -0.58 | 2.54 | 5.05 |
As on January 2025
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 | 1 | 1.02 | 0.9 |
As on January 2025
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 | 0.18 | 0.71 | 0.92 |
As on January 2025
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 | 14.58 | 15.28 | 18.68 |
As on January 2025
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 1.2 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.49 as on January 2025. 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%