Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund

Equity

BOI AXA Mutual Fund

Elss (Tax Savings)

Get the latest NAV of Bank of India ELSS Tax Saver Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹187.20

▼-0.2%1D

NAV as on 05 Jun 2026

16.76%/per year

Since Inception

Absolute Gain%

▲▼

1525 people have invested ₹ 36.9L in Bank of India ELSS Tax Saver Fund in the last three months

Bank of India ELSS Tax Saver Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (05-Jun-26)

The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-3.01%
2.22%
0.26%
0.95%
16.11%
14.27%
Nifty 500
-1.46%
0.39%
-5.24%
-1.36%
12.48%
10.93%
Elss (Tax Savings) Avg
-1.4%
0.39%
-5.43%
-1.86%
13.19%
12.18%
Best in Elss (Tax Savings)
3.13%
12.52%
5.97%
11.95%
24.02%
19.03%
Worst in Elss (Tax Savings)
-3.36%
-6.83%
-9.93%
-6.29%
6.4%
7.68%
Category Rank
5/28
--
--
--
--
--

Bank of India ELSS Tax Saver Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

15
/30
61% Performance
41% Risk Management
82% Cost

Ranked 15 out of 30 mutual funds in the elss (tax savings) category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Bank of India ELSS Tax Saver Fund
15/30
1,403Cr
0.78%
0.95%
16.11%
2.64
1.08
0.60
0.96
0.47
SBI ELSS Tax Saver Fund
1/30
31,094Cr
0.98%
-1.52%
19.21%
5.56
0.98
0.83
1.31
1.58
HDFC ELSS TaxSaver Fund
2/30
15,559Cr
1.11%
-4.29%
16.13%
3.22
0.86
0.73
1.10
0.62
Nippon India ELSS Tax Saver Fund
3/30
14,742Cr
0.87%
1.34%
16.43%
2.83
0.97
0.69
1.10
1.11
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: Highly volatile within category
Highly volatile within category
Negative: Poor track record of protecting capital in bear phase
Poor track record of protecting capital in bear phase
Negative: Poor track record of Recovering losses quickly
Poor track record of Recovering losses quickly

Bank of India ELSS Tax Saver Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

Bank of India ELSS Tax Saver Fund Asset Allocation

See fund asset allocation details as on (14-May-26)

Fund Distribution

as on (14-May-26)

Large cap
58.2%
Small cap
21.6%
Mid cap
13.6%
Small Cap allocation has gone up from 19.7% to 21.6%
Small Cap allocation has gone up from 19.7% to 21.6%
Mid Cap allocation has gone down from 14% to 13.6%
Mid Cap allocation has gone down from 14% to 13.6%
Large Cap allocation has gone down from 60.7% to 58.2%
Large Cap allocation has gone down from 60.7% to 58.2%
Cash allocation has gone down from 5.4% to 3.6%
Cash allocation has gone down from 5.4% to 3.6%
Debt allocation has gone down from 0.1% to 0.1%
Debt allocation has gone down from 0.1% to 0.1%

Bank of India ELSS Tax Saver Fund Sector Allocation

See fund sector allocation details as on (14-May-26)

Sector Allocation

Financial Services
25.2%
Industrial
22.2%
Basic Materials
18.1%
Utilities
7.7%
Consumer Defensive
6.3%
Consumer Cyclical
6.3%
Tech
4.6%
Communication
3.6%
Real Estate
2.3%
Health
2.1%
Energy
1.5%

Top 3 Sectors in April were Financial Services, Industrial & Basic Materials

Apr'26

Corporate

28%

Financial Services

27%

Industrial

21%

Mar'26

Financial Services

27%

Industrial

18%

Basic Materials

18%

Bank of India ELSS Tax Saver Fund Holdings Details

as on (31-May-26)

Top Stocks bought last month
Quality Power Electrical Equipments Ltd's allocation increased from 2.07% to 3.19%
Quality Power Electrical Equipments Ltd's allocation increased from 2.07% to 3.19%
National Aluminium Co Ltd's allocation increased from 0.89% to 1.94%
National Aluminium Co Ltd's allocation increased from 0.89% to 1.94%
Tata Motors Ltd's allocation increased from 0.91% to 1.8%
Tata Motors Ltd's allocation increased from 0.91% to 1.8%
Top Stocks sold last month
Bharti Airtel Ltd's allocation decreased from 3.33 % to 3.16 %
Bharti Airtel Ltd's allocation decreased from 3.33 % to 3.16 %
ICICI Bank Ltd's allocation decreased from 3.21 % to 3.02 %
ICICI Bank Ltd's allocation decreased from 3.21 % to 3.02 %
NTPC Ltd's allocation decreased from 3.06 % to 2.96 %
NTPC Ltd's allocation decreased from 3.06 % to 2.96 %

Bank of India ELSS Tax Saver Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.78%
Benchmark
BSE 500 India TR INR
AUM₹1403 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
72.1%
Risk
Risk meter
pointer
Very High Risk

About Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Alok Singh. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bank of India ELSS Tax Saver Fund has ₹1403 Cr worth of assets under management (AUM) as on May 2026 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

Bank of India ELSS Tax Saver Fund has given a CAGR return of 16.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.95%, 16.11% and 14.27% respectively.

Holdings

Bank of India ELSS Tax Saver Fund has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Utilities, Tech, Communication, Government, Energy, Health, Real Estate. Its top holdings are State Bank of India, Hindustan Aeronautics Ltd Ordinary Shares, Quality Power Electrical Equipments Ltd, Bharti Airtel Ltd, ICICI Bank 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Bank of India ELSS Tax Saver Fund

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 of 3 Years

Fund Manager

Alok Singh

Fund Manager of Bank of India ELSS Tax Saver Fund, since 27 April 2022

Learn more about BOI AXA Mutual Fund
Parameters
Apr'26
Mar'26
Feb'26
AUM
₹ 1.4K Cr
₹ 1.3K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.4K Cr as of Apr'26
  • AUM increased by 142.9 Cr between Apr'26 and Mar'26

Compare Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund

VS

SBI ELSS Tax Saver Fund

Frequently Asked Questions for Bank of India ELSS Tax Saver Fund

How do I invest in Bank of India ELSS Tax Saver Fund?

INDmoney makes it simple to invest in the Bank of India ELSS Tax Saver Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Bank of India ELSS Tax Saver Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Bank of India ELSS Tax Saver Fund?

The NAV of the fund today is ₹187.20. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Bank of India ELSS Tax Saver Fund fund has generated a return of 0.95% in 1 year, 16.11% in 3 years, 14.27% in 5 years.

Who is the fund manager of Bank of India ELSS Tax Saver Fund?

The fund managers are Alok Singh.

What is the expense ratio of the fund?

The expense ratio is 0.78%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1403 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Bank of India ELSS Tax Saver Fund?

The top 3 holdings of the fund are State Bank of India(4.45%), Hindustan Aeronautics Ltd Ordinary Shares(3.53%), Quality Power Electrical Equipments Ltd(3.19%)