Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl

Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl

Equity
Direct
Elss (Tax Savings)

NAV: ₹ 43.5 as on 27-09-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
-1%
12.6%
1.3%
-4.2%
23.6%
14.4%
Benchmark
-2.8%
9.4%
0.4%
-2.4%
16.2%
11.5%
Category
-1.8%
2.4%
13.4%
13%
8.5%
7.5%
About the Fund

Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl has a NAV of 43.48 as on 27-09-2022.

2) Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl has 645 Cr worth of assets under management (AUM) as on 31-07-2022 and is less than category average.

3) The fund has an expense ratio 1.29 %.

Fund Overview

Expense ratio
Expense ratio
1.29%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹645 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹0/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
94.18%

Fund Distribution

  • Equity 97.1%
  • Debt & Cash 2.9%
Size breakup
Large cap
52.9%
Mid cap
33.9%
Small cap
10.4%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

33.1%

Consumer Cyclical

19.8%

Basic Materials

10.8%

Consumer Defensive

8.4%

Industrial

7.8%

Health

6.1%

Energy

3.8%

Tech

3.8%

Utilities

3.3%

Real Estate

2.3%

Communication

0.7%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings53
Equity Holdings50
Debt Holdings3

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 36.2 Cr in last 1M
Aug'22 return underperformed benchmark

Change in AUM

Aug'22
₹ 644.8 Cr
Jul'22
₹ 608.6 Cr
Jun'22
₹ 551.3 Cr

Fund Returns vs Benchmark

Aug'22
9.47%
9.49%
Jul'22
9.47%
9.49%
Jun'22
-4.50%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
53
58
57
Top 5 Company Concentration
24.7%
24.4%
24.5%
Company having highest exposure
ICICI Bank Ltd (7.3%)
ICICI Bank Ltd (7.1%)
ICICI Bank Ltd (6.8%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
77.6%
74.2%
69.7%
Sector having highest exposure
Financial Services (32.2%)
Financial Services (28.4%)
Financial Services (26.2%)

Fund Manager

Alok Singh

Alok Singh

Managing this fund since 27 April 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Bank of India Balanced Advantage Direct Growth
9.16%
10.72%
Bank of India Arbitrage Fund Direct Growth
3.34%
3.85%
Bank of India Tax Advantage Fund Direct Plan Growth
23.76%
15.93%

AMC details

Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Phone
+912240479000
Fund House
Bank of India Investment Managers Private Limited

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.18% since inception which is more than its category average return of 13.55%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.14% in Equity, 0% in Debt and 2.86% in Cash related instruments
AUM size ₹645 Cr

AUM size ₹645 Cr

This fund has AUM of ₹645 Cr which is less than its category average of ₹ 2720 Cr
Expense Ratio 1.29%

Expense Ratio 1.29%

This fund has an expense ratio of 1.29% which is less than its category average expense ratio of 1.58%

Frequently Asked Questions

The current NAV of Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl is 43.71.
Existing (Absolute + CAGR)
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-0.52%
-0.52%
6 Month Returns
1.84%
1.84%
1 Year Returns
-4.63%
-4.63%
3 Years Returns
90.04%
23.87%
5 Years Returns
93.2%
14.08%
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1.29 as on August 2022
645 Cr as on August 2022
ICICI Bank Ltd(7.28%),State Bank of India(5.53%),HDFC Bank Ltd(4.93%),Reliance Industries Ltd(3.72%),NTPC Ltd(3.2%) as on August 2022
Financial Services(32.19%),Consumer Cyclical(19.21%),Basic Materials(10.48%) as on August 2022
The alpha ratio for the Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
-6.21
7.16
1.64
As on month end.
The alpha for Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
1
0.88
0.95
As on month end.
The Beta for Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
-0.14
1.07
0.53
As on month end.
The sharpe ratio for Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
16.37
21.37
20.59
As on month end.
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.
1.62
0.74
Alok Singh is the fund manager of Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
The Exit load of Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl is 0%