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4 star

Bank of India Tax Advantage Fund - Direct Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 2.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.06 Lakh

Suitability:

"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

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

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(₹)
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Trailing Returns (%)

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

Peer Comparison

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
4 star
Jan-13 0.66 28.18 16.18 1.34 551
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 5.15 23.94 16.29 0.57 11,495
DSP Tax Saver Fund - Direct Plan
4 star
Jan-13 3.47 21.92 13.53 0.84 9,091
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.38 24.72 16.49 0.66 3,518
IDFC Tax Advantage (ELSS) Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.89 25.80 14.47 0.77 3,399

Best & Worst Performance

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

Risk Measures (%)

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

Asset Allocation (%)

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Concentration & Valuation

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

Portfolio Aggregates

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

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 21.04 6.99 2.86 6.79
up Reliance Industries Energy 25.83 6.37 1.75 5.13
equal HDFC Bank Financial 19.97 7.08 4.22 4.74
up Infosys Technology 30.54 5.14 0.00 4.39
up Tata Consultancy Services Technology 31.74 3.41 0.00 3.41
equal State Bank of India Financial 13.41 3.03 0.00 3.03
equal Kotak Mahindra Bank Financial 27.88 4.57 1.43 2.64
up NTPC Energy 9.19 2.53 0.00 2.53
up Varun Beverages Consumer Staples 51.27 2.42 0.00 2.42
up ITC Consumer Staples 23.53 2.36 0.00 2.22
up Mahindra & Mahindra Automobile 18.41 2.22 0.00 2.22
equal Bajaj Finance Financial 51.28 6.99 1.40 2.18
equal Cholamandalam Investment & Finance Company Financial 26.52 2.99 0.30 2.14
up Bharti Airtel Communication 98.40 4.29 0.00 2.06
equal Axis Bank Financial 13.86 2.87 0.00 1.87
up Schaeffler India Capital Goods 55.53 1.84 0.00 1.84
equal Tube Investments Of India Automobile 54.12 1.99 0.00 1.83
up ABB India Ltd. Capital Goods 75.72 1.72 0.00 1.72
up Navin Fluorine International Chemicals 78.84 3.06 0.00 1.72
up SRF Diversified 35.23 2.78 0.00 1.69
equal JB Chemicals & Pharma Healthcare 38.73 2.17 0.00 1.56
equal Trent Services 441.45 1.63 0.00 1.53
equal PI Industries Chemicals 53.50 4.81 1.48 1.48
equal APL Apollo Tubes Metals & Mining 49.62 2.05 0.00 1.46
up Hindustan Unilever Consumer Staples 67.80 3.12 0.00 1.45

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2022

Fund Manager

— 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:


0.52%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 108.2800

IDCW: ₹ 43.2500


Investment Strategy

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.

Investment Details

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

Basic Details

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%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW29-Jul-20210.9000

 30-Jun-20212.0000
 02-Feb-20211.4410
 28-Sep-20200.5183
 26-Aug-20200.3000
 26-Mar-20181.5000
 27-Dec-20172.0000
 25-Mar-20150.7700

Contact Information

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

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