Bank of India ELSS Tax Saver Fund Direct Plan Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 183.73 as on 02-05-2024
About the Fund
Bank of India ELSS Tax Saver Fund Direct Plan 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
- Bank of India ELSS Tax Saver Fund Direct Plan Growth has ₹1210 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.2.
Fund Performance
3267 people have invested ₹ 2Cr in Bank of India ELSS Tax Saver Fund Direct Plan Growth in the last three months
Overview
 | 1.19% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹1210 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 72.83% |
Bank of India ELSS Tax Saver Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
54.3%
Mid cap
25%
Small cap
14.2%
Sector Allocation
Financial Services
27.6%
Industrial
15.9%
Basic Materials
13.9%
Consumer Cyclical
12.4%
Health
8.3%
Energy
7.1%
Tech
4.9%
Utilities
4.3%
Consumer Defensive
3.7%
Real Estate
1.9%
Top Holdings of Bank of India ELSS Tax Saver Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings67
Debt Holdings2
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 State Bank of India | 4.1% | 6.5% | |
 Canara Bank | 3.58% | 7.2% | |
 Oil India Ltd | 3.48% | 0% | |
 HDFC Bank Ltd | 3.35% | 0% | |
 Reliance Industries Ltd | 3.19% | 0% |
See all
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Vedanta Ltd | 32% |
 HEG Ltd | 13.6% |
 Hindustan Aeronautics Ltd | 11.2% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.85% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.32% in Mar'24
AUM Change
- AUM of the fund stands at 1.2K Cr as of Mar'24
- AUM increased by 60.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.36% return, outperforming this fund by 6.98% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.19% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.97% return, outperforming this fund by 5.87% per annum.
Over the last 6 months, this fund has experienced a 36.2% growth in AUM moving from 888.58 Cr to 1.21K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 61.86% return, outperforming this fund by 4.93%.
INDmoney Rank
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Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
Peer Analysis
Bank of India ELSS Tax Saver Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.9% since inception which is more than its category average return of 15.84%
Fund Allocations
This fund has an allocation of 94.51% in Equity, 0.04% in Debt and 5.45% in Cash related instruments
AUM size ₹1210 Cr
This fund has AUM of ₹1210 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 1.19%
This fund has an expense ratio of 1.19% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Bank of India ELSS Tax Saver Fund Direct Plan Growth is ₹183.73 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Bank of India ELSS Tax Saver Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.14% | 6.14% |
6 Month Returns | 38.54% | 38.54% |
1 Year Returns | 56.93% | 56.93% |
3 Years Returns | 100.5% | 26.1% |
5 Years Returns | 235.35% | 27.38% |
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1.19% as on April 2024
₹1210 Cr as on April 2024
State Bank of India(4.1%), Canara Bank(3.58%), Oil India Ltd(3.48%), HDFC Bank Ltd(3.35%), Reliance Industries Ltd(3.19%) as on April 2024
Financial Services(26.09%), Industrial(15.01%), Basic Materials(13.12%) as on April 2024
The alpha ratio for the Bank of India ELSS Tax Saver Fund Direct Plan 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 Plan Growth | - | - | - |
As on April 2024
The alpha for Bank of India ELSS Tax Saver Fund Direct Plan Growth is calculated against S&P BSE 200 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%.
The Beta ratio for the Bank of India ELSS Tax Saver Fund Direct Plan 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 Plan Growth | - | - | - |
As on April 2024
The Beta for Bank of India ELSS Tax Saver Fund Direct Plan Growth is calculated with S&P BSE 200 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.
The sharpe ratio for the Bank of India ELSS Tax Saver Fund Direct Plan 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 Plan Growth | - | - | - |
As on April 2024
The sharpe ratio for Bank of India ELSS Tax Saver Fund Direct Plan Growth is calculated with S&P BSE 200 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.
The standard deviation for the Bank of India ELSS Tax Saver Fund Direct Plan 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 Plan Growth | 12.85 | 14.35 | 18.34 |
As on April 2024
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.
Information ratio is 0.92 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Bank of India ELSS Tax Saver Fund Direct Plan Growth is 0%