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

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 75.11 as on 24-05-2024

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 . 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 ₹1298 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 1.
Fund Performance

Overview

Expense ratio
Expense ratio
0.99%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹1298 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
72.83%

Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl Distribution as on (30-Apr-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Size breakup

Large cap
77%
Mid cap
20.2%
Small cap
0.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
27.5%
Industrial
16.7%
Basic Materials
15.9%
Consumer Cyclical
12.1%
Health
6.5%
Energy
6.4%
Tech
4.6%
Utilities
4.3%
Consumer Defensive
4%
Real Estate
2%

Top Holdings of Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl as on (30-Apr-24)

  • Equity

Equity Holdings66

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
6.14%
1.85%
3.98%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 6.14% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 3.68% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.3K Cr
₹ 1.2K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.3K Cr as of Apr'24
  • AUM increased by 87.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

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

Risk 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 19.26% since inception which is more than its category average return of 16.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.09% in Equity, 0.04% in Debt and 1.87% in Cash related instruments
AUM size ₹1298 Cr

AUM size ₹1298 Cr

This fund has AUM of ₹1298 Cr which is less than its category average of ₹ 3661 Cr
Expense Ratio 0.99%

Expense Ratio 0.99%

This fund has an expense ratio of 0.99% 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 ₹75.11 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Bank of India Tax Advantage Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
4.98%
4.98%
6 Month Returns
32.59%
32.59%
1 Year Returns
60.49%
60.49%
3 Years Returns
100.08%
26.01%
5 Years Returns
234.86%
27.34%
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0.99% as on April 2024
₹1298 Cr as on April 2024
State Bank of India(4.43%), Canara Bank(3.57%), Vedanta Ltd(3.48%), Oil India Ltd(3.35%), HDFC Bank Ltd(2.99%) as on April 2024
Financial Services(27%), Industrial(16.43%), Basic Materials(15.59%) as on April 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
9.61
5.03
8.72
As on April 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
1.13
0.98
0.9
As on April 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
3.1
1.28
1.13
As on April 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
12.83
14.93
18.6
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.
Sortino ratio is 2.59 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on April 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%