1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Bank of India Tax Advantage Direct-G | -6.15 | 0.52 | 2.19 | 11.01 | 3.47 | -2.74 | 0.66 | 28.18 | 16.18 | 14.70 | -- |
S&P BSE 500 TRI | 0.64 | 0.04 | 1.62 | 10.88 | 4.16 | -0.06 | 8.03 | 20.74 | 12.70 | 12.49 | -- |
Equity: ELSS | -1.13 | 0.22 | 1.38 | 9.90 | 4.51 | -1.94 | 5.46 | 20.40 | 12.13 | 12.01 | -- |
Rank within category | 34 | 2 | 3 | 7 | 29 | 23 | 31 | 2 | 4 | 2 | -- |
Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
As on 05-Aug-2022
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Bank of India Tax Advantage Fund - Direct Plan | Invest Online | Jan-13 | 0.66 | 28.18 | 16.18 | 1.34 | 551 | |
Mirae Asset Tax Saver Fund - Direct Plan | Invest Online | Dec-15 | 5.15 | 23.94 | 16.29 | 0.57 | 11,495 | |
DSP Tax Saver Fund - Direct Plan | Jan-13 | 3.47 | 21.92 | 13.53 | 0.84 | 9,091 | |
Canara Robeco Equity Tax Saver Fund - Direct Plan | Invest Online | Jan-13 | 6.38 | 24.72 | 16.49 | 0.66 | 3,518 | |
IDFC Tax Advantage (ELSS) Fund - Direct Plan | Invest Online | Jan-13 | 8.89 | 25.80 | 14.47 | 0.77 | 3,399 |
Best Performance | Worst Performance | |||
---|---|---|---|---|
Return (%) | Period | Return (%) | Period | |
Week | 10.03 | 01-Apr-2020 - 09-Apr-2020 | -17.33 | 16-Mar-2020 - 23-Mar-2020 |
Month | 18.88 | 23-Mar-2020 - 22-Apr-2020 | -31.69 | 20-Feb-2020 - 23-Mar-2020 |
Quarter | 27.95 | 26-May-2020 - 25-Aug-2020 | -25.61 | 23-Dec-2019 - 23-Mar-2020 |
Year | 93.51 | 23-Mar-2020 - 23-Mar-2021 | -20.32 | 29-Jan-2018 - 29-Jan-2019 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Bank of India Tax Advantage Direct-G | 26.10 | 20.91 | 1.08 | 1.17 | 0.87 | 7.92 |
S&P BSE 500 TRI | 20.28 | 22.43 | 0.75 | 0.86 | -- | -- |
Equity: ELSS | 19.92 | 21.78 | 0.75 | 0.82 | 0.94 | 0.63 |
Rank within category | 2 | 9 | 3 | 2 | 8 | 3 |
Number of funds in category | 35 | 35 | 35 | 35 | 35 | 35 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jul-2022
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Number of Stocks | 54 |
Top 10 Stocks (%) | 37.30 |
Top 5 Stocks (%) | 24.46 |
Top 3 Sectors (%) | 42.31 |
Portfolio P/B Ratio | 4.08 |
Portfolio P/E Ratio | 27.69 |
Fund | Category | |
---|---|---|
Average Mkt Cap (Rs Cr) | 1,24,670 | 1,34,619 |
Giant (%) | 47.55 | 53.55 |
Large (%) | 20.16 | 18.01 |
Mid (%) | 26.96 | 22.43 |
Small (%) | 5.33 | 6.34 |
Tiny (%) | -- | 0.19 |
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Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Jun-2022
— Alok Singh since 27-Apr-2022
Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience: Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
Funds Managed:
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.
Min. Investment (₹) | 500 |
Min. Addl Investment (₹) | 500 |
Min. SIP Investment (₹) | 500 |
Min. No of Cheques | 6 |
Min. Withdrawal (₹) | 500 |
Min. Balance (₹) | -- |
Lock-in Period | 3 Years |
Exit Load | 0 |
Fund House: | Bank of India Mutual Fund |
Launch Date: | 01-Jan-2013 |
Return Since Launch: | 17.26% |
Benchmark: | S&P BSE 500 TRI |
Riskometer: | Very High |
Type: | Open-ended |
Assets: | ₹ 551 Cr (As on 30-Jun-2022) |
Expense Ratio: | 1.34% (As on 30-Jun-2022) |
Risk Grade: | Average |
Return Grade: | High |
Turnover: | 78.00% |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||
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IDCW | 29-Jul-2021 | 0.9000 | |||||||||||||||||||||||||||||
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AMC: Bank of India Investment Managers Private Limited
Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013
Email: [email protected]
Website: https://www.boimf.in/
Registrar & Transfer Agent: KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Phone: 040-44857874
Email: [email protected]
Website: www.karvymfs.com