Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 71.55 as on 24-04-2024
Fund Performance
About the 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 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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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.
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl Overview
 | 1.19% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹1210 Cr |
 | 1 January, 2013 |
 | --/-- |
 | 0% |
 | 3 Years |
 TurnOver | 72.83% |
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl as on (31-Mar-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
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl: 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
Gainers & Losers in Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 HEG Ltd | 36.8% |
 Siemens Ltd | 19.9% |
 Jio Financial Services Ltd | 13.4% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 General Insurance Corporation of India | 2.3% |
 Swan Energy Ltd | 37.4% |
Peer Analysis
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl 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 18.9% since inception which is more than its category average return of 15.65%
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 Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl is ₹71.55 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 5.92% | 5.92% |
6 Month Returns | 37.1% | 37.1% |
1 Year Returns | 56.94% | 56.94% |
3 Years Returns | 103.05% | 26.63% |
5 Years Returns | 227.17% | 26.75% |
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.
1.19% as on March 2024
₹1210 Cr as on March 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 March 2024
Financial Services(26.09%), Industrial(15.01%), Basic Materials(13.12%) as on March 2024
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 | 8.12 | 5.61 | 8.16 |
As on March 2024
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 | 1.12 | 0.97 | 0.9 |
As on March 2024
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 | 3.08 | 1.25 | 1.07 |
As on March 2024
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 | 12.74 | 14.8 | 18.54 |
As on March 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.
Sortino ratio is 2.52 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.8 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl is 0%