Bank of India ELSS Tax Saver Direct-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
195.79-0.24%
- Growth - Direct
(Earn upto 1.12% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.96%(0.85% Category
average)Fund Size:
Rs. 1,453.01 Cr(0.60% of Investment in Category)
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Bank of India ELSS Tax Saver Direct-Growth
(Scheme Rating)
NAV as of Dec 26, 2024
195.79-0.24%
Expense Ratio:
0.96%
Fund Size:
Rs. 1,453.01 Cr
Fund Category:
Equity: ELSS
Bank of India ELSS Tax Saver Direct-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Bank of India ELSS Tax Saver Fund - Direct Plan as of Dec 26, 2024 is Rs 195.79 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 29.13% (1yr), 21.96% (3yr), 26.45% (5yr) and 19.4% (since launch). Whereas, Category returns for the same time duration are: 23.1061597411% (1yr), 18.089503817593467% (3yr) and 19.2427610658058% (5yr).
3. Fund Size: The Bank of India ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 1453.0111 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.84% for Direct plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the Bank of India ELSS Tax Saver Fund - Direct Plan as of Dec 26, 2024 is Rs 195.79 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 29.13% (1yr), 21.96% (3yr), 26.45% (5yr) and 19.4% (since launch). Whereas, Category returns for the same time duration are: 23.1061597411% (1yr), 18.089503817593467% (3yr) and 19.2427610658058% (5yr).
3. Fund Size: The Bank of India ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 1453.0111 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.84% for Direct plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Bank of India ELSS Tax Saver Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.03 -3.20 0.03 25.96 20.38 26.38 Category Avg -0.13 -6.62 1.99 21.37 17.21 19.50 Rank within Category 6 5 29 9 8 2 No. of funds within Category 38 38 38 38 33 33 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 50 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
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Bank of India ELSS Tax Saver Direct-Growth Fund Details
Investment Objective - The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.
| Fund House | Bank of India Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | NIFTY 50 Total Return Index |
| Return Since Launch | 19.34% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Average |
| Return Grade | High |
Bank of India ELSS Tax Saver Direct-Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | JUN 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 70 | 69 | 67 | 59 | 62 | 63 |
| Top 5 Company Holdings | 19.16% | 19.06% | 19.01% | 19.01% | 18.67% | 18.48% |
| Top 10 Company Holdings | 30.51% | 29.71% | 29.89% | 31.12% | 30.74% | 30.84% |
| Company with Highest Exposure | HDFC Bank (5.44%) | HDFC Bank (5.32%) | HDFC Bank (4.9%) | Oil India (4.75%) | State Bank of India (4.42%) | State Bank of India (4.47%) |
| Number of Sectors | 15 | 15 | 15 | 15 | 15 | 15 |
| Top 3 Sector Holdings | 44.64% | 43.36% | 44.3% | 46.76% | 47.71% | 47.87% |
| Top 5 Sector Holdings | 59.41% | 56.64% | 57.35% | 62.39% | 64.81% | 66.88% |
| Sector with Highest Exposure | Financial (23.64%) | Financial (23.36%) | Financial (22.39%) | Financial (24.58%) | Financial (25.68%) | Financial (25.21%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 4.9 19.70 90.93 5.13 Vedanta Metals & Mining 4.18 15.72 29.00 82.43 State Bank of India Financial 3.99 10.10 80.18 25.27 Oil India Energy 3.09 8.20 51.58 67.56 NTPC Energy 2.85 14.86 22.76 9.34 Prudent Corporate Advisory Services Financial 2.28 - - - General Insurance Corporation of India Insurance 2.27 - - - Reliance Industries Energy 2.27 24.40 50.19 -5.94 Tata Power Company Energy 2.04 34.32 11.72 24.46 Ami Organics Healthcare 2.02 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bank of India ELSS Tax Saver Direct-Growth 195.79 1,453.01 1.03 25.96 20.38 26.38 Quant ELSS Tax Saver Fund Direct-Growth 391.17 10,799.00 -2.33 12.82 18.78 32.43 SBI Long Term Equity Fund Direct Plan-Growth 458.87 27,847.49 -0.67 31.24 25.79 25.33 Parag Parikh ELSS Tax Saver Fund Direct - Growth 32.36 4,385.16 -0.39 21.83 19.34 24.46 Franklin India ELSS Tax Saver Fund Direct-Growth 1,624.67 6,889.57 -0.01 25.16 20.86 21.72
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
14.53VS13.32Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.99VS0.91Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.97VS0.96Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
14.27VS14.06Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
3.58VS2.99Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
20.05VS18.56Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
- A.S.Alok SinghSince Apr 20228 schemes
Mr. Singh is a CFA and PGDBA from ICFAI Business School. Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth Aggressive Hybrid 42.12 1,053.73 28.06 Bank of India Conservative Hybrid Fund Direct-Growth Conservative Hybrid 35.46 66.09 8.67 Bank of India Small Cap Fund Direct-Growth Small Cap 54.59 1,613.36 33.37 Bank of India Flexi Cap Fund Direct-Growth Flexi Cap 38.47 2,048.16 33.25 Bank of India Bluechip Fund Direct-Growth Large Cap 16.57 197.41 16.85 Bank of India Balanced Advantage Fund Direct-Growth Dynamic Asset Allocation 25.81 135.85 9.28 Bank of India Credit Risk Fund Direct-Growth Credit Risk 12.07 114.92 6.50 Bank of India Business Cycle Fund Direct-Growth Thematic 9.96 Unrated 636.39 -
More Bank of India Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bank of India Flexi Cap Fund Direct-Growth | 1,929.59 | -3.54 | -2.05 | 12.29 | 45.83 | 21.97 | |
| Bank of India Liquid Fund Direct-Growth | 1,848.06 | 0.58 | 1.79 | 3.64 | 7.51 | 6.35 | |
| Bank of India Small Cap Fund Direct-Growth | 1,537.17 | -3.01 | 2.15 | 20.36 | 37.53 | 23.73 | |
| Bank of India ELSS Tax Saver Direct-Growth | 1,435.90 | -3.71 | -2.84 | 8.21 | 38.42 | 17.97 | |
| Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth | 1,009.82 | -3.12 | -1.55 | 12.16 | 32.60 | 18.13 | |
| Bank of India Multi Cap Fund Direct-Growth | 719.25 | -4.56 | -2.76 | 11.96 | 36.09 | - | |
| Bank of India Business Cycle Fund Direct-Growth | 606.82 | -1.69 | - | - | - | - | |
| Bank of India Manufacturing & Infrastructure Direct-Growth | 519.36 | -5.99 | -4.47 | 10.78 | 42.01 | 24.80 | |
| Bank of India Large & Mid Cap Equity Fund Direct-Growth | 364.78 | -4.75 | -4.50 | 9.06 | 32.79 | 15.36 | |
| Bank of India Multi Asset Allocation Fund Direct-Growth | 353.60 | -2.50 | 0.31 | 4.83 | - | - |
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About Bank of India ELSS Tax Saver Direct-Growth
1. Bank of India ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection. "
2. It is benchmarked against NIFTY 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 95.24% in equities, 1.82% in debts and 2.94% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 29.89% of the assets, the top 3 sectors constitute around 44.64% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bank of India ELSS Tax Saver Direct-Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Bank of India ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to Bank of India Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection. "
2. It is benchmarked against NIFTY 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 95.24% in equities, 1.82% in debts and 2.94% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 29.89% of the assets, the top 3 sectors constitute around 44.64% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Bank of India ELSS Tax Saver Direct-Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Bank of India ELSS Tax Saver Direct-Growth
- Is it safe to invest in Bank of India ELSS Tax Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bank of India ELSS Tax Saver Fund - Direct Plan comes under Very High risk category.
- What is the category of Bank of India ELSS Tax Saver Fund - Direct Plan?Bank of India ELSS Tax Saver Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Bank of India ELSS Tax Saver Fund - Direct Plan?The suggested investment horizon of investing into Bank of India ELSS Tax Saver Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bank of India ELSS Tax Saver Fund - Direct Plan?The Bank of India ELSS Tax Saver Fund - Direct Plan is managed by Alok Singh (Since Apr 27, 2022).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
