Bank of India Tax Advantage Fund Direct Plan Growth

Very High Risk
Equity
ELSS (Tax Savings)

NAV as on Apr 24, 2025

Price per unit of the scheme.

₹ 178.0200-0.17%1 Day Change

0.84%

Minimum Investment₹500

Expense Ratio1.26%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

Scheme Rating

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

Bank of India Tax Advantage Fund Direct Plan Growth

Equity: ELSS (Tax Savings) Average NAV

Topper in Equity: ELSS (Tax Savings)

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

Bank of India Tax Advantage Fund Direct Plan Growth

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

S&P BSE 500 India TR INR

Expense Ratio

1.26%

Category Avg Expense Ratio

0.86%

Minimum Investment (Lumpsum/SIP)

₹ 500 /₹ 500

Lock In (Years)

Fund Size

₹ 1,319.59 Cr(As on Mar, 2025)

Inception Date

Jan 01, 2013

Turnover

65.00 %

Exit Load

Exit Load: Nil

Objective: 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).

Bank of India Tax Advantage Fund Direct Plan Growth is an Equity - ELSS (Tax Savings) fund. The fund was launched inJan 01, 2013. Its risk level is . The NAV of the fund as onApr 24, 2025 is ₹178.02. Its expense ratio is 1.26 %. The fund has an AUM of ₹1,319.59 Cr.The fund is managed byAlok Singh.
The minimum initial investment is ₹500 in Lumpsum mode.

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FUND MANAGER

Alok Singh

Lead Fund Manager.

Apr 27, 2022 - Present

Fund Manager Rank12Out of 36
i
Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
Schemes managed6
Total AUM₹ 3,768.62 Cr
Highest Return In 1 Yr9.06 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Bank of India Balanced Advantage Direct Growth

₹ 25.94

1.87%

2.24%

Very High Risk

₹132.04Cr

Bank of India Tax Advantage Fund Direct Plan Growth

₹ 178.02

0.84%

3.80%

Very High Risk

₹1,319.59Cr

Bank of India Arbitrage Fund Direct Growth

₹ 14.24

0.73%

0.46%

Low Risk

₹43.72Cr

Bank of India Balanced Advantage Direct Growth

Very High Risk

NAV₹ 25.94
Fund Size₹132.04Cr

Fund Return1.87%

Category Return2.24%

Bank of India Tax Advantage Fund Direct Plan Growth

Very High Risk

NAV₹ 178.02
Fund Size₹1,319.59Cr

Fund Return0.84%

Category Return3.80%

Bank of India Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 14.24
Fund Size₹43.72Cr

Fund Return0.73%

Category Return0.46%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Mar, 2025

EQUITY (94.27%)

DEBT (0.01%)

CASH (5.72%)

Allocation by Market Cap

Large Cap(51.12%)

Mid Cap(20.29%)

Small Cap(22.86%)

Industry Holdings

Banks Regional16.23%
Information Technology Services6.72%
Industrial Metals Minerals5.26%
Diversified Industrials5.18%
Specialty Chemicals3.71%
Auto Parts3.58%

Stock Holdings

Vedanta Ltd4.96%
HDFC Bank Ltd4.92%
State Bank of India4.91%
Coforge Ltd4.03%
ICICI Bank Ltd3.12%
Ami Organics Ltd2.94%

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
2.54
This Fund
VS
1.28
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
83.14
This Fund
VS
87.45
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
1.10
This Fund
VS
0.93
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
0.61
This Fund
VS
0.57
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
0.97
This Fund
VS
0.94
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
17.57
This Fund
VS
14.49
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

Bank of India Investment Managers Private Limited

Bank of India Investment Managers Private Limited manages assets worth ₹ 11,343.44 crores. It’s current offering of mutual fund schemes includes 11 equity, 4 debt and 4 hybrid schemes.

Phone

+91 22 40479000

service@boimf.in

AUM

₹ 11,343.44 Cr (

As on Mar 31, 2025

)

Address

B/204, Tower 1, Peninsula Corporate Park, Mumbai,400 013

FAQ's

What is the category of Bank of India Tax Advantage Fund Direct Plan Growth ?

The category of Bank of India Tax Advantage Fund Direct Plan Growth is Equity - ELSS (Tax Savings)

What is the current NAV of Bank of India Tax Advantage Fund Direct Plan Growth ?

The current NAV of Bank of India Tax Advantage Fund Direct Plan Growth as on Apr 24, 2025 is ₹178.02

How safe is Bank of India Tax Advantage Fund Direct Plan Growth ?

The risk level of Bank of India Tax Advantage Fund Direct Plan Growth is Very High.

What are short term returns given by Bank of India Tax Advantage Fund Direct Plan Growth ?

The return given by Bank of India Tax Advantage Fund Direct Plan Growth in 1 month is 0.84%, 3 months is 0.34%, 6 months is -6.93%, and 1 year is -0.63%

What are the long term returns given by Bank of India Tax Advantage Fund Direct Plan Growth ?

The return given by Bank of India Tax Advantage Fund Direct Plan Growth in 3 years is 17.92% and 5 years is 27.11%.

What is the expense ratio of Bank of India Tax Advantage Fund Direct Plan Growth ?

The expense ratio of Bank of India Tax Advantage Fund Direct Plan Growth is 1.26%

What is the AUM of Bank of India Tax Advantage Fund Direct Plan Growth ?

The assets under Management (AUM) of Bank of India Tax Advantage Fund Direct Plan Growth is Rs 1,319.59 crores.

What is the minimum investment in Bank of India Tax Advantage Fund Direct Plan Growth ?

The minimum Lumpsum investment in Bank of India Tax Advantage Fund Direct Plan Growth is ₹500.00 and the minimum SIP investment in Bank of India Tax Advantage Fund Direct Plan Growth is ₹500.00

What is the asset allocation of Bank of India Tax Advantage Fund Direct Plan Growth?

Bank of India Tax Advantage Fund Direct Plan Growth has an exposure of 94.27% in Equity, 0.01% in Debt and 5.72% in Cash & Money Market Securities