Bank of India Tax Advantage Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (25-Jul-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹1,428 Cr
Expense Ratio
0.96%
ISIN
INF761K01884
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹197.43, Assets Under Management (AUM) of 1428.33 Crores, and an expense ratio of 0.96%.
- Bank of India Tax Advantage Fund Direct Growth has given a CAGR return of 20.27% 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
+54.37%
+37.41% (Cat Avg.)
3 Years
+23.43%
+19.51% (Cat Avg.)
5 Years
+30.39%
+21.13% (Cat Avg.)
10 Years
+19.75%
+15.42% (Cat Avg.)
Since Inception
+20.27%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹1,422.43 Cr | 99.59% |
| Debt | ₹0.53 Cr | 0.04% |
| Others | ₹5.37 Cr | 0.38% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| State Bank of India | Equity | ₹63.84 Cr | 4.47% |
| Vedanta Ltd | Equity | ₹54.98 Cr | 3.85% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹52.59 Cr | 3.68% |
| Oil India Ltd | Equity | ₹50.76 Cr | 3.55% |
| Canara Bank | Equity | ₹41.81 Cr | 2.93% |
| HDFC Bank Ltd | Equity | ₹37.55 Cr | 2.63% |
| NTPC Ltd | Equity | ₹36.13 Cr | 2.53% |
| Reliance Industries Ltd | Equity | ₹35.69 Cr | 2.50% |
| Bank of Baroda | Equity | ₹35.43 Cr | 2.48% |
| UNO Minda Ltd | Equity | ₹31.67 Cr | 2.22% |
| Siemens Ltd | Equity | ₹31.59 Cr | 2.21% |
| Bharat Forge Ltd | Equity | ₹31.24 Cr | 2.19% |
| Titagarh Rail Systems Ltd | Equity | ₹30.69 Cr | 2.15% |
| Ambuja Cements Ltd | Equity | ₹30.16 Cr | 2.11% |
| Tata Steel Ltd | Equity | ₹29.69 Cr | 2.08% |
| Larsen & Toubro Ltd | Equity | ₹29.38 Cr | 2.06% |
| Indian Bank | Equity | ₹27.88 Cr | 1.95% |
| UltraTech Cement Ltd | Equity | ₹26.25 Cr | 1.84% |
| HEG Ltd | Equity | ₹25.96 Cr | 1.82% |
| Steel Authority Of India Ltd | Equity | ₹25.42 Cr | 1.78% |
| Coromandel International Ltd | Equity | ₹25.13 Cr | 1.76% |
| REC Ltd | Equity | ₹24.96 Cr | 1.75% |
| Tata Power Co Ltd | Equity | ₹24.63 Cr | 1.72% |
| Jio Financial Services Ltd | Equity | ₹24.35 Cr | 1.71% |
| Hero MotoCorp Ltd | Equity | ₹23.71 Cr | 1.66% |
| Swan Energy Ltd | Equity | ₹22.6 Cr | 1.58% |
| Triveni Engineering & Industries Ltd | Equity | ₹21.51 Cr | 1.51% |
| ABB India Ltd | Equity | ₹21.23 Cr | 1.49% |
| Jupiter Wagons Ltd | Equity | ₹20.68 Cr | 1.45% |
| ICICI Bank Ltd | Equity | ₹20.63 Cr | 1.44% |
| Union Bank of India | Equity | ₹20.23 Cr | 1.42% |
| Ami Organics Ltd | Equity | ₹18.74 Cr | 1.31% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹18.42 Cr | 1.29% |
| IRCON International Ltd | Equity | ₹18.36 Cr | 1.29% |
| CMS Info Systems Ltd | Equity | ₹17.77 Cr | 1.24% |
| Varun Beverages Ltd | Equity | ₹17.6 Cr | 1.23% |
| Power Finance Corp Ltd | Equity | ₹17.46 Cr | 1.22% |
| Balrampur Chini Mills Ltd | Equity | ₹17.36 Cr | 1.22% |
| Dixon Technologies (India) Ltd | Equity | ₹17.24 Cr | 1.21% |
| INOX India Ltd | Equity | ₹16.84 Cr | 1.18% |
| K.P.R. Mill Ltd | Equity | ₹16.76 Cr | 1.17% |
| DLF Ltd | Equity | ₹15.67 Cr | 1.10% |
| Central Depository Services (India) Ltd | Equity | ₹14.8 Cr | 1.04% |
| HCL Technologies Ltd | Equity | ₹14.3 Cr | 1.00% |
| JTEKT India Ltd | Equity | ₹14.2 Cr | 0.99% |
| Coforge Ltd | Equity | ₹14.19 Cr | 0.99% |
| Bharat Heavy Electricals Ltd | Equity | ₹14.02 Cr | 0.98% |
| Deepak Nitrite Ltd | Equity | ₹14.01 Cr | 0.98% |
| KPIT Technologies Ltd | Equity | ₹13.9 Cr | 0.97% |
| Mankind Pharma Ltd | Equity | ₹13.84 Cr | 0.97% |
| Graphite India Ltd | Equity | ₹13.81 Cr | 0.97% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹13.69 Cr | 0.96% |
| General Insurance Corp of India | Equity | ₹13.64 Cr | 0.95% |
| Lupin Ltd | Equity | ₹13.13 Cr | 0.92% |
| Tata Motors Ltd | Equity | ₹12.97 Cr | 0.91% |
| IndusInd Bank Ltd | Equity | ₹12.59 Cr | 0.88% |
| Indian Hotels Co Ltd | Equity | ₹12.25 Cr | 0.86% |
| Tata Consultancy Services Ltd | Equity | ₹12.1 Cr | 0.85% |
| Mahindra Lifespace Developers Ltd | Equity | ₹11.93 Cr | 0.84% |
| Poly Medicure Ltd | Equity | ₹9.61 Cr | 0.67% |
| Rategain Travel Technologies Ltd | Equity | ₹7.46 Cr | 0.52% |
| Metro Brands Ltd | Equity | ₹5.41 Cr | 0.38% |
| Treps | Cash - Repurchase Agreement | ₹2.92 Cr | 0.20% |
| Net Receivables / (Payables) | Cash | ₹2.45 Cr | 0.17% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.53 Cr | 0.04% |
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
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹373.6 Cr | 26.16% |
| Industrials | ₹292.91 Cr | 20.51% |
| Basic Materials | ₹224.38 Cr | 15.71% |
| Consumer Cyclical | ₹170.79 Cr | 11.96% |
| Energy | ₹86.45 Cr | 6.05% |
| Technology | ₹79.2 Cr | 5.54% |
| Utilities | ₹60.76 Cr | 4.25% |
| Consumer Defensive | ₹56.46 Cr | 3.95% |
| Healthcare | ₹50.27 Cr | 3.52% |
| Real Estate | ₹27.6 Cr | 1.93% |
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
Alok Singh
Since April 2022
Additional Scheme Detailsas of 30th June 2024
ISIN | INF761K01884 | Expense Ratio | 0.96% | 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 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4551.18 Cr | 34.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4551.18 Cr | 32.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹37106.30 Cr | 29.4% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹3731.20 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹3731.20 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹54.22 Cr | 41.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.22 Cr | 39.5% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹363.38 Cr | 55.5% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹363.38 Cr | 52.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1649.12 Cr | 25.5% |
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
Risk Level
Your principal amount will be at Very High Risk
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- Alok Singh
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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