Dezerv

Fund Overview

Fund Size

Fund Size

₹1,428 Cr

Expense Ratio

Expense Ratio

0.98%

ISIN

ISIN

INF761K01884

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

Bank of India Tax Advantage Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by BOI Mutual Fund. This fund has been in existence for 11 years, 6 months and 11 days, having been launched on 01-Jan-13.
As of 11-Jul-24, it has a Net Asset Value (NAV) of ₹202.17, Assets Under Management (AUM) of 1428.33 Crores, and an expense ratio of 0.98%.
  • Bank of India Tax Advantage Fund Direct Growth has given a CAGR return of 20.59% since inception.
  • The fund's asset allocation comprises around 99.59% in equities, 0.04% in debts, and 0.38% in cash & cash equivalents.
  • You can start investing in Bank of India Tax Advantage Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+60.99%

+39.97% (Cat Avg.)

3 Years

+25.22%

+20.35% (Cat Avg.)

5 Years

+30.00%

+20.43% (Cat Avg.)

10 Years

+20.49%

+15.98% (Cat Avg.)

Since Inception

+20.59%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Equity1,422.43 Cr99.59%
Debt0.53 Cr0.04%
Others5.37 Cr0.38%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
State Bank of IndiaEquity63.84 Cr4.47%
Vedanta LtdEquity54.98 Cr3.85%
Hindustan Aeronautics Ltd Ordinary SharesEquity52.59 Cr3.68%
Oil India LtdEquity50.76 Cr3.55%
Canara BankEquity41.81 Cr2.93%
HDFC Bank LtdEquity37.55 Cr2.63%
NTPC LtdEquity36.13 Cr2.53%
Reliance Industries LtdEquity35.69 Cr2.50%
Bank of BarodaEquity35.43 Cr2.48%
UNO Minda LtdEquity31.67 Cr2.22%
Siemens LtdEquity31.59 Cr2.21%
Bharat Forge LtdEquity31.24 Cr2.19%
Titagarh Rail Systems LtdEquity30.69 Cr2.15%
Ambuja Cements LtdEquity30.16 Cr2.11%
Tata Steel LtdEquity29.69 Cr2.08%
Larsen & Toubro LtdEquity29.38 Cr2.06%
Indian BankEquity27.88 Cr1.95%
UltraTech Cement LtdEquity26.25 Cr1.84%
HEG LtdEquity25.96 Cr1.82%
Steel Authority Of India LtdEquity25.42 Cr1.78%
Coromandel International LtdEquity25.13 Cr1.76%
REC LtdEquity24.96 Cr1.75%
Tata Power Co LtdEquity24.63 Cr1.72%
Jio Financial Services LtdEquity24.35 Cr1.71%
Hero MotoCorp LtdEquity23.71 Cr1.66%
Swan Energy LtdEquity22.6 Cr1.58%
Triveni Engineering & Industries LtdEquity21.51 Cr1.51%
ABB India LtdEquity21.23 Cr1.49%
Jupiter Wagons LtdEquity20.68 Cr1.45%
ICICI Bank LtdEquity20.63 Cr1.44%
Union Bank of IndiaEquity20.23 Cr1.42%
Ami Organics LtdEquity18.74 Cr1.31%
Prudent Corporate Advisory Services LtdEquity18.42 Cr1.29%
IRCON International LtdEquity18.36 Cr1.29%
CMS Info Systems LtdEquity17.77 Cr1.24%
Varun Beverages LtdEquity17.6 Cr1.23%
Power Finance Corp LtdEquity17.46 Cr1.22%
Balrampur Chini Mills LtdEquity17.36 Cr1.22%
Dixon Technologies (India) LtdEquity17.24 Cr1.21%
INOX India LtdEquity16.84 Cr1.18%
K.P.R. Mill LtdEquity16.76 Cr1.17%
DLF LtdEquity15.67 Cr1.10%
Central Depository Services (India) LtdEquity14.8 Cr1.04%
HCL Technologies LtdEquity14.3 Cr1.00%
JTEKT India LtdEquity14.2 Cr0.99%
Coforge LtdEquity14.19 Cr0.99%
Bharat Heavy Electricals LtdEquity14.02 Cr0.98%
Deepak Nitrite LtdEquity14.01 Cr0.98%
KPIT Technologies LtdEquity13.9 Cr0.97%
Mankind Pharma LtdEquity13.84 Cr0.97%
Graphite India LtdEquity13.81 Cr0.97%
Sun Pharmaceuticals Industries LtdEquity13.69 Cr0.96%
General Insurance Corp of IndiaEquity13.64 Cr0.95%
Lupin LtdEquity13.13 Cr0.92%
Tata Motors LtdEquity12.97 Cr0.91%
IndusInd Bank LtdEquity12.59 Cr0.88%
Indian Hotels Co LtdEquity12.25 Cr0.86%
Tata Consultancy Services LtdEquity12.1 Cr0.85%
Mahindra Lifespace Developers LtdEquity11.93 Cr0.84%
Poly Medicure LtdEquity9.61 Cr0.67%
Rategain Travel Technologies LtdEquity7.46 Cr0.52%
Metro Brands LtdEquity5.41 Cr0.38%
TrepsCash - Repurchase Agreement2.92 Cr0.20%
Net Receivables / (Payables)Cash2.45 Cr0.17%
India (Republic of)Bond - Short-term Government Bills0.53 Cr0.04%

Allocation By Market Cap (Equity)

Large Cap Stocks

54.00%

Mid Cap Stocks

24.53%

Small Cap Stocks

21.05%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services373.6 Cr26.16%
Industrials292.91 Cr20.51%
Basic Materials224.38 Cr15.71%
Consumer Cyclical170.79 Cr11.96%
Energy86.45 Cr6.05%
Technology79.2 Cr5.54%
Utilities60.76 Cr4.25%
Consumer Defensive56.46 Cr3.95%
Healthcare50.27 Cr3.52%
Real Estate27.6 Cr1.93%

Risk & Performance Ratios

Standard Deviation

This fund

14.39%

Cat. avg.

12.52%

Lower the better

Sharpe Ratio

This fund

1.27

Cat. avg.

0.97

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.80

Higher the better

Fund Managers

AS

Alok Singh

Since April 2022

Additional Scheme Detailsas of 30th June 2024

ISIN
INF761K01884
Expense Ratio
0.98%
Exit Load
No Charges
Fund Size
₹1,428 Cr
Age
01 Jan 2013
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
S&P BSE 500 India TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4199.87 Cr39.7%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4199.87 Cr38.1%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹37106.30 Cr29.6%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3454.03 Cr37.7%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹3454.03 Cr36.2%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹51.18 Cr46.7%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹51.18 Cr44.4%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹337.77 Cr58.4%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹337.77 Cr55.6%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1649.12 Cr27.4%

About the AMC

Total AUM

₹7,906 Cr

Address

B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013

Other Funds by BOI Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Bank of India Midcap Tax Fund Series 1 Direct Growth

Very High Risk

-0.0%₹71.32 Cr50.9%
Bank of India Midcap Tax Fund Series 2 Direct Growth

Very High Risk

-0.0%₹37.68 Cr51.5%
Bank of India Mid & Small Cap Equity & Debt Direct Growth

Very High Risk

1.2%1.0%₹840.76 Cr54.3%
Bank of India Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹73.90 Cr14.3%
Bank of India Balanced Advantage Fund Direct Growth

Very High Risk

1.4%1.0%₹133.45 Cr26.0%
Bank of India Multi Cap Fund Direct Growth

Very High Risk

1.4%1.0%₹527.53 Cr54.7%
Bank of India Bluechip Fund Direct Growth

Very High Risk

1.3%1.0%₹159.17 Cr46.5%
Bank of India Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹1467.36 Cr71.1%
Bank of India Large & Mid Cap Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹348.51 Cr49.0%
Bank of India Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹1442.85 Cr7.4%
Bank of India S/T Income Direct Growth

Moderate Risk

0.5%0.0%₹75.64 Cr6.9%
Bank of India Manufacturing and Infrastructure fund Direct Growth

Very High Risk

0.9%1.0%₹404.90 Cr68.3%
Bank of India Tax Advantage Fund Direct Growth

Very High Risk

1.0%0.0%₹1428.33 Cr61.0%
Bank of India Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.7%0.0%₹160.55 Cr6.8%
Bank of India Credit Risk Fund Direct Growth

Moderately High risk

1.2%4.0%₹126.72 Cr6.5%
Bank of India Small Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹1236.83 Cr56.6%
Bank of India Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹109.74 Cr6.9%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹35.25 Cr7.6%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Bank of India Tax Advantage Fund Direct Growth, as of 11-Jul-2024, is ₹202.17.
The fund has generated 60.99% over the last 1 year and 25.22% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 99.59% in equities, 0.04% in bonds, and 0.38% in cash and cash equivalents.
The fund managers responsible for Bank of India Tax Advantage Fund Direct Growth are:-
  1. Alok Singh