Bank of India ELSS Tax Saver Fund Direct Growth

Bank of India ELSS Tax Saver Fund Direct Growth

Equity

BOI AXA Mutual Fund

Elss (Tax Savings)

Get the latest NAV of Bank of India ELSS Tax Saver Fund Direct Growth. 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.

₹178.61

▼-0.4%1D

NAV as on 12 May 2025

17.52%/per year

Since Inception

Absolute Gain%

▲▼

2626 people have invested ₹ 75.4L in Bank of India ELSS Tax Saver Fund Direct Growth 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 (12-May-25)

The fund has outperformed the benchmark (Nifty 500) over 3Y, 5Y, but underperformed over 1Y.

Period
This Fund
Nifty 500
Category Avg
1 Month
5.92%
8.47%
7.76%
3 Months
-3.08%
7.67%
6.15%
6 Months
-11.61%
0.81%
-1.02%
1 Year
-2.17%
9.98%
10.42%
3 Years
19.44%
18.69%
20.43%
5 Years
26.12%
24.52%
25.05%

INDmoney Rank

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IND ranking is not available for this fund.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Bank of India ELSS Tax Saver Fund
-
1,324Cr
0.83%
-2.17%
19.44%
17.52%
SBI Long Term Equity Fund Direct Growth
3/23
28,506Cr
0.95%
12.42%
29.16%
16.75%
DSP ELSS Tax Saver Fund Direct Growth
4/23
16,638Cr
0.72%
18.45%
24.2%
18.27%
Mirae Asset ELSS Tax Saver Fund Direct Growth
7/23
23,945Cr
0.6%
13.2%
20.12%
19.48%
See all
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Bank of India ELSS Tax Saver Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Bank of India ELSS Tax Saver Fund Asset Allocation

See fund asset allocation details as on (15-Apr-25)

Fund Distribution

as on (15-Apr-25)

Equity 98.5%

Debt & Cash 1.5%

Large cap
51.1%
Small cap
22.9%
Mid cap
20.3%
Mid Cap allocation has gone down from 21.5% to 20.3%
Mid Cap allocation has gone down from 21.5% to 20.3%
Large Cap allocation has gone down from 51.6% to 51.1%
Large Cap allocation has gone down from 51.6% to 51.1%
Small Cap allocation has gone up from 22.5% to 22.9%
Small Cap allocation has gone up from 22.5% to 22.9%
Cash allocation has gone up from 4.3% to 5.7%
Cash allocation has gone up from 4.3% to 5.7%
Debt allocation has gone down from 0% to 0%
Debt allocation has gone down from 0% to 0%

Bank of India ELSS Tax Saver Fund Sector Allocation

See fund sector allocation details as on (15-Apr-25)

Sector Allocation

Equity 98.5%

Debt & Cash 1.5%

Financial Services
27.1%
Industrial
17.9%
Basic Materials
16.8%
Tech
10.5%
Consumer Cyclical
6.1%
Energy
5.7%
Utilities
5.2%
Consumer Defensive
4.2%
Health
3.7%
Real Estate
1.7%
Communication
1.1%

Top 3 Sectors in March were Financial Services, Tech & Basic Materials

Mar'25

Financial Services

28%

Basic Materials

17%

Industrial

16%

Feb'25

Financial Services

26%

Tech

17%

Basic Materials

15%

Bank of India ELSS Tax Saver Fund Holdings Details

as on (30-Apr-25)

Equity

Debt & Cash

Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 1.67% to 2.72%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 1.67% to 2.72%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.82% to 2.34%
Prudent Corporate Advisory Services Ltd's allocation increased from 1.82% to 2.34%
REC Ltd's allocation increased from 1.89% to 2.41%
REC Ltd's allocation increased from 1.89% to 2.41%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.2 % to 4.92 %
HDFC Bank Ltd's allocation decreased from 5.2 % to 4.92 %
Coforge Ltd's allocation decreased from 4.09 % to 4.03 %
Coforge Ltd's allocation decreased from 4.09 % to 4.03 %
Ami Organics Ltd's allocation decreased from 2.96 % to 2.94 %
Ami Organics Ltd's allocation decreased from 2.96 % to 2.94 %

Bank of India ELSS Tax Saver Fund Direct Growth Overview

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

Expense ratio0.83%
Benchmark
BSE 500 India TR INR
AUM₹1324 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
100.69%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Bank of India ELSS Tax Saver Fund

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

Key Parameters

  1. Bank of India ELSS Tax Saver Fund Direct Growth has ₹1324 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Bank of India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.52% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -2.17%, 19.44% and 26.12% respectively.

Holdings

Bank of India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Tech, Utilities, Consumer Defensive, Consumer Cyclical, Health, Communication, Real Estate, Energy, Government. Its top holdings are HDFC Bank Ltd, State Bank of India, Vedanta Ltd, Coforge Ltd, Hindustan Aeronautics Ltd Ordinary Shares

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 Direct Growth

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 Direct Growth of 3 Years

Learn more about BOI AXA Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 1.3K Cr
₹ 1.2K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.3K Cr as of Mar'25
  • AUM increased by 137.4 Cr between Mar'25 and Feb'25

Compare Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund

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Axis ELSS Tax Saver Fund Direct Growth

Frequently Asked Questions for Bank of India ELSS Tax Saver Fund Direct Growth

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

The current NAV of Bank of India ELSS Tax Saver Fund Direct Growth is ₹178.61 as on 12-May-2025.

What are the average returns of Bank of India ELSS Tax Saver Fund Direct Growth?

Existing (Absolute + CAGR) as on 12-May-2025.
Bank of India ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.92%
5.92%
6 Month Returns
-11.61%
-11.61%
1 Year Returns
-2.17%
-2.17%
3 Years Returns
70.41%
19.44%

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

With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.

What is the expense ratio of Bank of India ELSS Tax Saver Fund Direct Growth?

0.83% as on April 2025

What is net assets under management (AUM) of Bank of India ELSS Tax Saver Fund Direct Growth?

₹1324 Cr as on April 2025

What are the top 5 holdings of Bank of India ELSS Tax Saver Fund Direct Growth?

HDFC Bank Ltd(5.16%), State Bank of India(5%), Vedanta Ltd(4.47%), Coforge Ltd(3.62%), Hindustan Aeronautics Ltd Ordinary Shares(3.56%) as on April 2025

What are the top 3 sectors that this Bank of India ELSS Tax Saver Fund Direct Growth has invested in?

Financial Services(27.82%), Industrial(17.82%), Basic Materials(16.06%) as on April 2025

What is the alpha of Bank of India ELSS Tax Saver Fund Direct Growth?

The alpha ratio for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India ELSS Tax Saver Fund Direct Growth
-9.34
1.6
1.68
As on April 2025
The alpha for Bank of India ELSS Tax Saver Fund Direct Growth is calculated against BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.

What is the beta of Bank of India ELSS Tax Saver Fund Direct Growth??

The Beta ratio for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India ELSS Tax Saver Fund Direct Growth
1.15
1.09
1.01
As on April 2025
The Beta for Bank of India ELSS Tax Saver Fund Direct Growth is calculated with BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.

What is the sharpe ratio of Bank of India ELSS Tax Saver Fund Direct Growth?

The sharpe ratio for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bank of India ELSS Tax Saver Fund Direct Growth
-0.44
0.64
1.15
As on April 2025
The sharpe ratio for Bank of India ELSS Tax Saver Fund Direct Growth is calculated with BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.

What is the standard deviation of Bank of India ELSS Tax Saver Fund Direct Growth?

The standard deviation for the Bank of India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bank of India ELSS Tax Saver Fund Direct Growth
20.85
17.5
16.37
As on April 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.

What is the Sortino ratio of Bank of India ELSS Tax Saver Fund Direct Growth?

Sortino ratio is 1.02 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

What is the information ratio of Bank of India ELSS Tax Saver Fund Direct Growth?

Information ratio is 0.34 as on April 2025. It tells the consistency of the fund in generating superior risk-adjusted performance

What is the exit load of Bank of India ELSS Tax Saver Fund Direct Growth?

The Exit load of Bank of India ELSS Tax Saver Fund Direct Growth is 0%