Dezerv

Fund Overview

Fund Size

Fund Size

₹1,210 Cr

Expense Ratio

Expense Ratio

1.20%

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, 3 months and 14 days, having been launched on 01-Jan-13.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹178.34, Assets Under Management (AUM) of 1210.15 Crores, and an expense ratio of 1.2%.
  • Bank of India Tax Advantage Fund Direct Growth has given a CAGR return of 19.74% since inception.
  • The fund's asset allocation comprises around 94.51% in equities, 0.04% in debts, and 5.45% 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

+57.64%

+38.63%(Cat. Avg.)

3 Years

+27.35%

+20.85%(Cat. Avg.)

5 Years

+26.65%

+17.41%(Cat. Avg.)

10 Years

+20.57%

+16.35%(Cat. Avg.)

Since Inception

+19.74%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity1,143.69 Cr94.51%
Debt0.52 Cr0.04%
Others65.94 Cr5.45%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
State Bank of IndiaEquity49.66 Cr4.10%
Canara BankEquity43.29 Cr3.58%
Oil India LtdEquity42.14 Cr3.48%
TrepsCash - Repurchase Agreement40.54 Cr3.35%
HDFC Bank LtdEquity40.54 Cr3.35%
Reliance Industries LtdEquity38.63 Cr3.19%
Sun Pharmaceuticals Industries LtdEquity35.17 Cr2.91%
Bank of BarodaEquity32.65 Cr2.70%
Larsen & Toubro LtdEquity31.17 Cr2.58%
NTPC LtdEquity30.89 Cr2.55%
Hindustan Aeronautics Ltd Ordinary SharesEquity28.61 Cr2.36%
Tata Steel LtdEquity25.39 Cr2.10%
Vedanta LtdEquity24.99 Cr2.07%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit24.66 Cr2.04%
Jio Financial Services LtdEquity24.06 Cr1.99%
HEG LtdEquity23.97 Cr1.98%
Ambuja Cements LtdEquity23.58 Cr1.95%
Bank Of BarodaCash - CD/Time Deposit23.43 Cr1.94%
Union Bank of IndiaEquity22.72 Cr1.88%
Net Receivables / (Payables)Cash-22.69 Cr1.88%
Hero MotoCorp LtdEquity20.07 Cr1.66%
UltraTech Cement LtdEquity19.5 Cr1.61%
Graphite India LtdEquity18.47 Cr1.53%
Indian BankEquity18.43 Cr1.52%
Mankind Pharma LtdEquity18.41 Cr1.52%
Tata Power Co LtdEquity18.37 Cr1.52%
UNO Minda LtdEquity18.21 Cr1.51%
Lupin LtdEquity17.78 Cr1.47%
ICICI Bank LtdEquity16.95 Cr1.40%
Siemens LtdEquity16.93 Cr1.40%
Coromandel International LtdEquity16.88 Cr1.39%
J.B. Chemicals & Pharmaceuticals LtdEquity15.84 Cr1.31%
Varun Beverages LtdEquity15.1 Cr1.25%
ABB India LtdEquity14.63 Cr1.21%
DLF LtdEquity14.35 Cr1.19%
Swan Energy LtdEquity14.07 Cr1.16%
Titan Co LtdEquity13.95 Cr1.15%
Triveni Engineering & Industries LtdEquity13.83 Cr1.14%
Steel Authority Of India LtdEquity13.69 Cr1.13%
Balrampur Chini Mills LtdEquity13.57 Cr1.12%
Tata Motors LtdEquity13.01 Cr1.07%
Indian Hotels Co LtdEquity13.01 Cr1.07%
Ramco Cements LtdEquity12.97 Cr1.07%
CMS Info Systems LtdEquity12.85 Cr1.06%
Endurance Technologies LtdEquity12.84 Cr1.06%
Central Depository Services (India) LtdEquity12.33 Cr1.02%
INOX India LtdEquity12.23 Cr1.01%
KPIT Technologies LtdEquity12.04 Cr0.99%
Deepak Nitrite LtdEquity11.9 Cr0.98%
General Insurance Corp of IndiaEquity11.87 Cr0.98%
Bharat Forge LtdEquity11.86 Cr0.98%
JTEKT India LtdEquity11.65 Cr0.96%
HCL Technologies LtdEquity11.58 Cr0.96%
IndusInd Bank LtdEquity11.49 Cr0.95%
Power Finance Corp LtdEquity10.5 Cr0.87%
Infosys LtdEquity10.34 Cr0.85%
Coforge LtdEquity9.9 Cr0.82%
Astral LtdEquity9.56 Cr0.79%
Kotak Mahindra Bank LtdEquity9.46 Cr0.78%
Poly Medicure LtdEquity7.91 Cr0.65%
Tega Industries LtdEquity7.88 Cr0.65%
Mahindra Lifespace Developers LtdEquity7.86 Cr0.65%
K.P.R. Mill LtdEquity7.66 Cr0.63%
Rategain Travel Technologies LtdEquity7.17 Cr0.59%
REC LtdEquity6.77 Cr0.56%
APL Apollo Tubes LtdEquity5.98 Cr0.49%
Bharat Heavy Electricals LtdEquity5.39 Cr0.45%
Dixon Technologies (India) LtdEquity5.24 Cr0.43%
Metro Brands LtdEquity5.08 Cr0.42%
Prudent Corporate Advisory Services LtdEquity5.02 Cr0.41%
PI Industries LtdEquity3.87 Cr0.32%
India (Republic of)Bond - Short-term Government Bills0.52 Cr0.04%

Allocation By Market Cap (Equity)

Large Cap Stocks

54.26%

Mid Cap Stocks

24.99%

Small Cap Stocks

14.25%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services315.72 Cr26.09%
Industrials181.69 Cr15.01%
Basic Materials158.75 Cr13.12%
Consumer Cyclical141.4 Cr11.68%
Healthcare95.11 Cr7.86%
Energy80.77 Cr6.67%
Technology56.26 Cr4.65%
Utilities49.26 Cr4.07%
Consumer Defensive42.51 Cr3.51%
Real Estate22.22 Cr1.84%

Risk & Performance Ratios

Standard Deviation

This fund

14.21%

Cat. avg.

12.78%

Lower the better

Sharpe Ratio

This fund

1.31

Cat. avg.

1.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.93

Higher the better

Fund Managers

AS

Alok Singh

Since April 2022

Additional Scheme Detailsas of 31st March 2024

ISININF761K01884Expense Ratio1.20%Exit LoadNo ChargesFund Size₹1,210 CrAge01 Jan 2013Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkS&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%₹4016.44 Cr35.9%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4016.44 Cr34.4%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35473.88 Cr38.2%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3174.82 Cr34.5%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3174.82 Cr33.0%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹47.16 Cr40.2%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.5%0.0%₹47.16 Cr37.9%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹279.40 Cr55.7%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹279.40 Cr52.9%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1603.92 Cr29.9%

About the AMC

Total AUM

₹6,557 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%₹63.64 Cr50.8%
Bank of India Midcap Tax Fund Series 2 Direct Growth

Very High Risk

-0.0%₹33.45 Cr51.9%
Bank of India Mid & Small Cap Equity & Debt Direct Growth

Very High Risk

1.2%1.0%₹665.29 Cr50.3%
Bank of India Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹71.28 Cr14.5%
Bank of India Balanced Advantage Fund Direct Growth

Very High Risk

1.5%1.0%₹121.68 Cr27.5%
Bank of India Multi Cap Fund Direct Growth

Very High Risk

1.4%1.0%₹439.91 Cr54.7%
Bank of India Bluechip Fund Direct Growth

Very High Risk

1.4%1.0%₹132.39 Cr48.1%
Bank of India Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹743.44 Cr65.6%
Bank of India Large & Mid Cap Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹292.85 Cr44.6%
Bank of India Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹1322.32 Cr7.4%
Bank of India S/T Income Direct Growth

Moderate Risk

0.5%0.0%₹82.58 Cr6.3%
Bank of India Manufacturing and Infrastructure fund Direct Growth

Very High Risk

1.0%1.0%₹255.83 Cr62.0%
Bank of India Tax Advantage Fund Direct Growth

Very High Risk

1.2%0.0%₹1210.15 Cr57.6%
Bank of India Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.9%0.0%₹152.40 Cr6.7%
Bank of India Credit Risk Fund Direct Growth

Moderately High risk

1.1%4.0%₹141.75 Cr7.1%
Bank of India Small Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹939.70 Cr54.3%
Bank of India Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹88.85 Cr6.9%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹25.53 Cr7.5%

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 12-Apr-2024, is ₹178.34.
The fund has generated 57.64% over the last 1 year and 27.35% 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 94.51% in equities, 0.04% in bonds, and 5.45% in cash and cash equivalents.
The fund managers responsible for Bank of India Tax Advantage Fund Direct Growth are:-
  1. Alok Singh