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>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
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 | 1.29% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹645 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹0/₹0 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 94.18% |
Fund Distribution
Size breakup
Large cap
52.9%
Mid cap
33.9%
Small cap
10.4%
Sector Allocation
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
Total Holdings53
Equity Holdings50
Debt Holdings3
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
ICICI Bank Ltd | 7.28% | 0% | |
State Bank of India | 5.53% | 8.2% | |
HDFC Bank Ltd | 4.93% | 0% | |
Reliance Industries Ltd | 3.72% | -6.2% | |
NTPC Ltd | 3.2% | 28.9% |
See all
What changed
in last one month
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
Winners & Losers (Aug-22)
Top Growth Drivers | 1M Return |
|---|---|
Bajaj Finance Ltd | 28.4% |
Schaeffler India Ltd | 23.1% |
ICICI Bank Ltd | 16.3% |
Peer Analysis
Fund Manager
Alok Singh
Managing this fund since 27 April 2022
Top funds managed
AMC details
Address
Bank of India Investment Managers Private Limited,B/204, Tower 1, Peninsula Corporate Park,,Ganpatrao Kadam Marg,,Lower Parel, Mumba
Email
Phone
+912240479000
Fund House
Bank of India Investment Managers Private Limited
Fund 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 16.18% since inception which is more than its category average return of 13.55%
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
This fund has AUM of ₹645 Cr which is less than its category average of ₹ 2720 Cr
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%