Bank of India Tax Advantage Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (17-May-24)
₹184.020.83%1D
Returns (Since Inception)
19.89%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,298 Cr
Expense Ratio
1.19%
ISIN
INF761K01884
Minimum SIP
₹500
Exit Load
No Charges
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, 4 months and 19 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹184.02, Assets Under Management (AUM) of 1297.72 Crores, and an expense ratio of 1.19%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹184.02, Assets Under Management (AUM) of 1297.72 Crores, and an expense ratio of 1.19%.
- Bank of India Tax Advantage Fund Direct Growth has given a CAGR return of 19.89% since inception.
- The fund's asset allocation comprises around 98.09% in equities, 0.04% in debts, and 1.87% 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
+56.41%
+37.53% (Cat Avg.)
3 Years
+26.35%
+19.84% (Cat Avg.)
5 Years
+28.07%
+18.79% (Cat Avg.)
10 Years
+20.10%
+15.94% (Cat Avg.)
Since Inception
+19.89%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹1,272.95 Cr | 98.09% |
| Debt | ₹0.52 Cr | 0.04% |
| Others | ₹24.24 Cr | 1.87% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| State Bank of India | Equity | ₹57.42 Cr | 4.43% |
| Canara Bank | Equity | ₹46.34 Cr | 3.57% |
| Vedanta Ltd | Equity | ₹45.12 Cr | 3.48% |
| Oil India Ltd | Equity | ₹43.53 Cr | 3.35% |
| HDFC Bank Ltd | Equity | ₹38.76 Cr | 2.99% |
| Reliance Industries Ltd | Equity | ₹38.14 Cr | 2.94% |
| Bank of Baroda | Equity | ₹36.21 Cr | 2.79% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹33.88 Cr | 2.61% |
| NTPC Ltd | Equity | ₹33.41 Cr | 2.57% |
| HEG Ltd | Equity | ₹30.7 Cr | 2.37% |
| Larsen & Toubro Ltd | Equity | ₹29.76 Cr | 2.29% |
| Tata Steel Ltd | Equity | ₹28.15 Cr | 2.17% |
| Ambuja Cements Ltd | Equity | ₹27.9 Cr | 2.15% |
| Jio Financial Services Ltd | Equity | ₹25.64 Cr | 1.98% |
| Steel Authority Of India Ltd | Equity | ₹23.6 Cr | 1.82% |
| Union Bank of India | Equity | ₹22.82 Cr | 1.76% |
| Treps | Cash - Repurchase Agreement | ₹22.71 Cr | 1.75% |
| UltraTech Cement Ltd | Equity | ₹22.44 Cr | 1.73% |
| Indian Bank | Equity | ₹22.15 Cr | 1.71% |
| Tata Power Co Ltd | Equity | ₹20.94 Cr | 1.61% |
| Graphite India Ltd | Equity | ₹20.7 Cr | 1.59% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹20.43 Cr | 1.57% |
| Siemens Ltd | Equity | ₹19.86 Cr | 1.53% |
| Triveni Engineering & Industries Ltd | Equity | ₹19.68 Cr | 1.52% |
| UNO Minda Ltd | Equity | ₹19.63 Cr | 1.51% |
| Hero MotoCorp Ltd | Equity | ₹19.31 Cr | 1.49% |
| Coromandel International Ltd | Equity | ₹18.96 Cr | 1.46% |
| Mankind Pharma Ltd | Equity | ₹18.92 Cr | 1.46% |
| ICICI Bank Ltd | Equity | ₹18.52 Cr | 1.43% |
| Lupin Ltd | Equity | ₹18.1 Cr | 1.40% |
| INOX India Ltd | Equity | ₹17.31 Cr | 1.33% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹17.15 Cr | 1.32% |
| Bharat Forge Ltd | Equity | ₹16.65 Cr | 1.28% |
| ABB India Ltd | Equity | ₹16.35 Cr | 1.26% |
| K.P.R. Mill Ltd | Equity | ₹16.09 Cr | 1.24% |
| Varun Beverages Ltd | Equity | ₹15.98 Cr | 1.23% |
| DLF Ltd | Equity | ₹15.61 Cr | 1.20% |
| Central Depository Services (India) Ltd | Equity | ₹15.18 Cr | 1.17% |
| CMS Info Systems Ltd | Equity | ₹14.97 Cr | 1.15% |
| Balrampur Chini Mills Ltd | Equity | ₹14.83 Cr | 1.14% |
| HCL Technologies Ltd | Equity | ₹14.76 Cr | 1.14% |
| REC Ltd | Equity | ₹14.61 Cr | 1.13% |
| Endurance Technologies Ltd | Equity | ₹13.91 Cr | 1.07% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹13.75 Cr | 1.06% |
| Deepak Nitrite Ltd | Equity | ₹13.61 Cr | 1.05% |
| Power Finance Corp Ltd | Equity | ₹13.51 Cr | 1.04% |
| Tata Motors Ltd | Equity | ₹13.2 Cr | 1.02% |
| Titan Co Ltd | Equity | ₹13.17 Cr | 1.02% |
| IndusInd Bank Ltd | Equity | ₹13.04 Cr | 1.00% |
| Swan Energy Ltd | Equity | ₹13.03 Cr | 1.00% |
| Ramco Cements Ltd | Equity | ₹12.71 Cr | 0.98% |
| KPIT Technologies Ltd | Equity | ₹12.7 Cr | 0.98% |
| Indian Hotels Co Ltd | Equity | ₹12.69 Cr | 0.98% |
| General Insurance Corp of India | Equity | ₹12.45 Cr | 0.96% |
| Coforge Ltd | Equity | ₹12.25 Cr | 0.94% |
| Tega Industries Ltd | Equity | ₹11.98 Cr | 0.92% |
| JTEKT India Ltd | Equity | ₹11.59 Cr | 0.89% |
| Astral Ltd | Equity | ₹10.17 Cr | 0.78% |
| Mahindra Lifespace Developers Ltd | Equity | ₹9.88 Cr | 0.76% |
| Poly Medicure Ltd | Equity | ₹8.18 Cr | 0.63% |
| Bharat Heavy Electricals Ltd | Equity | ₹7.49 Cr | 0.58% |
| Rategain Travel Technologies Ltd | Equity | ₹6.97 Cr | 0.54% |
| APL Apollo Tubes Ltd | Equity | ₹6.23 Cr | 0.48% |
| Dixon Technologies (India) Ltd | Equity | ₹5.84 Cr | 0.45% |
| Tata Consultancy Services Ltd | Equity | ₹5.73 Cr | 0.44% |
| Metro Brands Ltd | Equity | ₹4.72 Cr | 0.36% |
| Repo | Cash - Repurchase Agreement | ₹4.66 Cr | 0.36% |
| PI Industries Ltd | Equity | ₹3.65 Cr | 0.28% |
| Net Receivables / (Payables) | Cash | ₹-3.12 Cr | 0.24% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.52 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
53.37%
Mid Cap Stocks
28.65%
Small Cap Stocks
16.07%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹350.4 Cr | 27.00% |
| Industrials | ₹213.18 Cr | 16.43% |
| Basic Materials | ₹202.36 Cr | 15.59% |
| Consumer Cyclical | ₹154 Cr | 11.87% |
| Healthcare | ₹82.77 Cr | 6.38% |
| Energy | ₹81.68 Cr | 6.29% |
| Technology | ₹58.25 Cr | 4.49% |
| Utilities | ₹54.35 Cr | 4.19% |
| Consumer Defensive | ₹50.49 Cr | 3.89% |
| Real Estate | ₹25.48 Cr | 1.96% |
Risk & Performance Ratios
Standard Deviation
This fund
14.35%
Cat. avg.
12.86%
Lower the better
Sharpe Ratio
This fund
1.33
Cat. avg.
1.10
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
AS
Alok Singh
Since April 2022
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF761K01884 | Expense Ratio | 1.19% | Exit Load | No Charges | Fund Size | ₹1,298 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% | ₹4196.77 Cr | 33.7% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4196.77 Cr | 32.2% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹35641.94 Cr | 30.8% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹3360.61 Cr | 33.3% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹3360.61 Cr | 31.8% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹49.62 Cr | 41.2% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹49.62 Cr | 38.9% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹325.14 Cr | 58.0% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹325.14 Cr | 55.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1602.76 Cr | 26.6% |
About the AMC
Total AUM
₹6,856 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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What is the current NAV of Bank of India Tax Advantage Fund Direct Growth?
The NAV of Bank of India Tax Advantage Fund Direct Growth, as of 17-May-2024, is ₹184.02.
What are the returns of Bank of India Tax Advantage Fund Direct Growth?
The fund has generated 56.41% over the last 1 year and 26.35% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Bank of India Tax Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 98.09% in equities, 0.04% in bonds, and 1.87% in cash and cash equivalents.
Who manages the Bank of India Tax Advantage Fund Direct Growth?
The fund managers responsible for Bank of India Tax Advantage Fund Direct Growth are:-
- Alok Singh
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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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.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.