Bank of India Tax Advantage Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (22-Oct-24)
₹190.51-2.63%1D
Returns (Since Inception)
19.45%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,486 Cr
Expense Ratio
0.84%
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, 9 months and 22 days, having been launched on 01-Jan-13.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹190.51, Assets Under Management (AUM) of 1485.63 Crores, and an expense ratio of 0.84%.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹190.51, Assets Under Management (AUM) of 1485.63 Crores, and an expense ratio of 0.84%.
- Bank of India Tax Advantage Fund Direct Growth has given a CAGR return of 19.45% since inception.
- The fund's asset allocation comprises around 93.75% in equities, 0.04% in debts, and 6.21% 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
+41.73%
+35.43% (Cat Avg.)
3 Years
+18.75%
+16.20% (Cat Avg.)
5 Years
+26.83%
+20.61% (Cat Avg.)
10 Years
+18.62%
+14.95% (Cat Avg.)
Since Inception
+19.45%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2024
| Equity | ₹1,392.77 Cr | 93.75% |
| Debt | ₹0.54 Cr | 0.04% |
| Others | ₹92.32 Cr | 6.21% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps | Cash - Repurchase Agreement | ₹89.9 Cr | 6.05% |
| HDFC Bank Ltd | Equity | ₹72.75 Cr | 4.90% |
| Vedanta Ltd | Equity | ₹62.08 Cr | 4.18% |
| State Bank of India | Equity | ₹59.25 Cr | 3.99% |
| Oil India Ltd | Equity | ₹45.87 Cr | 3.09% |
| NTPC Ltd | Equity | ₹42.33 Cr | 2.85% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹33.83 Cr | 2.28% |
| Reliance Industries Ltd | Equity | ₹33.67 Cr | 2.27% |
| General Insurance Corp of India | Equity | ₹33.65 Cr | 2.27% |
| Tata Power Co Ltd | Equity | ₹30.26 Cr | 2.04% |
| Ami Organics Ltd | Equity | ₹29.96 Cr | 2.02% |
| UNO Minda Ltd | Equity | ₹29.74 Cr | 2.00% |
| Siemens Ltd | Equity | ₹29.73 Cr | 2.00% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹29.62 Cr | 1.99% |
| HEG Ltd | Equity | ₹28.76 Cr | 1.94% |
| Tata Steel Ltd | Equity | ₹28.75 Cr | 1.94% |
| Deepak Nitrite Ltd | Equity | ₹26.6 Cr | 1.79% |
| Coromandel International Ltd | Equity | ₹26.29 Cr | 1.77% |
| ICICI Bank Ltd | Equity | ₹25.59 Cr | 1.72% |
| Jio Financial Services Ltd | Equity | ₹25.24 Cr | 1.70% |
| Dixon Technologies (India) Ltd | Equity | ₹24.85 Cr | 1.67% |
| Swan Energy Ltd | Equity | ₹23.44 Cr | 1.58% |
| Bharat Forge Ltd | Equity | ₹22.75 Cr | 1.53% |
| Tata Consultancy Services Ltd | Equity | ₹22.2 Cr | 1.49% |
| REC Ltd | Equity | ₹22.18 Cr | 1.49% |
| Lupin Ltd | Equity | ₹22.13 Cr | 1.49% |
| CMS Info Systems Ltd | Equity | ₹21.54 Cr | 1.45% |
| Triveni Engineering & Industries Ltd | Equity | ₹21.25 Cr | 1.43% |
| Kotak Mahindra Bank Ltd | Equity | ₹20.58 Cr | 1.39% |
| Balrampur Chini Mills Ltd | Equity | ₹20.31 Cr | 1.37% |
| ABB India Ltd | Equity | ₹20.14 Cr | 1.36% |
| Coforge Ltd | Equity | ₹19.87 Cr | 1.34% |
| Tata Technologies Ltd | Equity | ₹19.86 Cr | 1.34% |
| K.P.R. Mill Ltd | Equity | ₹18.13 Cr | 1.22% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹17.34 Cr | 1.17% |
| Larsen & Toubro Ltd | Equity | ₹16.91 Cr | 1.14% |
| Varun Beverages Ltd | Equity | ₹16.37 Cr | 1.10% |
| HCL Technologies Ltd | Equity | ₹16.16 Cr | 1.09% |
| Jupiter Wagons Ltd | Equity | ₹15.59 Cr | 1.05% |
| KPIT Technologies Ltd | Equity | ₹15.47 Cr | 1.04% |
| Bharti Airtel Ltd | Equity | ₹15.04 Cr | 1.01% |
| Indian Bank | Equity | ₹14.99 Cr | 1.01% |
| INOX India Ltd | Equity | ₹14.95 Cr | 1.01% |
| Ambuja Cements Ltd | Equity | ₹14.86 Cr | 1.00% |
| Hero MotoCorp Ltd | Equity | ₹14.85 Cr | 1.00% |
| Titagarh Rail Systems Ltd | Equity | ₹14.66 Cr | 0.99% |
| Tech Mahindra Ltd | Equity | ₹14.19 Cr | 0.96% |
| UltraTech Cement Ltd | Equity | ₹14.16 Cr | 0.95% |
| Bank of Baroda | Equity | ₹14.12 Cr | 0.95% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹13.56 Cr | 0.91% |
| DLF Ltd | Equity | ₹13.07 Cr | 0.88% |
| Advanced Enzyme Technologies Ltd | Equity | ₹12.02 Cr | 0.81% |
| SBI Life Insurance Co Ltd | Equity | ₹11.99 Cr | 0.81% |
| Graphite India Ltd | Equity | ₹11.81 Cr | 0.79% |
| PNB Housing Finance Ltd | Equity | ₹11.6 Cr | 0.78% |
| Poly Medicure Ltd | Equity | ₹11.52 Cr | 0.78% |
| PI Industries Ltd | Equity | ₹11.17 Cr | 0.75% |
| Power Finance Corp Ltd | Equity | ₹10.74 Cr | 0.72% |
| Mahindra Lifespace Developers Ltd | Equity | ₹10.72 Cr | 0.72% |
| Central Depository Services (India) Ltd | Equity | ₹10.06 Cr | 0.68% |
| Linde India Ltd | Equity | ₹8.49 Cr | 0.57% |
| Bharat Heavy Electricals Ltd | Equity | ₹7.55 Cr | 0.51% |
| IndusInd Bank Ltd | Equity | ₹7.38 Cr | 0.50% |
| Amara Raja Energy & Mobility Ltd | Equity | ₹7.27 Cr | 0.49% |
| IRCON International Ltd | Equity | ₹6.84 Cr | 0.46% |
| Union Bank of India | Equity | ₹2.46 Cr | 0.17% |
| Net Receivables / (Payables) | Cash - Collateral | ₹2.42 Cr | 0.16% |
| Canara Bank | Equity | ₹1.67 Cr | 0.11% |
| 364 Day T-Bill 30.01.25 | Bond - Gov't/Treasury | ₹0.54 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
49.35%
Mid Cap Stocks
21.66%
Small Cap Stocks
22.74%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹378.08 Cr | 25.45% |
| Industrials | ₹248.8 Cr | 16.75% |
| Basic Materials | ₹234.4 Cr | 15.78% |
| Technology | ₹146.15 Cr | 9.84% |
| Consumer Cyclical | ₹85.47 Cr | 5.75% |
| Energy | ₹79.54 Cr | 5.35% |
| Utilities | ₹72.58 Cr | 4.89% |
| Consumer Defensive | ₹57.93 Cr | 3.90% |
| Healthcare | ₹50.99 Cr | 3.43% |
| Real Estate | ₹23.79 Cr | 1.60% |
| Communication Services | ₹15.04 Cr | 1.01% |
Risk & Performance Ratios
Standard Deviation
This fund
14.30%
Cat. avg.
12.69%
Lower the better
Sharpe Ratio
This fund
1.05
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.89
Higher the better
Fund Managers
AS
Alok Singh
Since April 2022
Additional Scheme Detailsas of 30th September 2024
ISIN INF761K01884 | Expense Ratio 0.84% | Exit Load No Charges | Fund Size ₹1,486 Cr | Age 11 years 9 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹4925.84 Cr | 35.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4925.84 Cr | 33.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹39252.74 Cr | 31.0% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4362.18 Cr | 33.3% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4362.18 Cr | 31.9% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹57.19 Cr | 35.0% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹57.19 Cr | 32.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹411.63 Cr | 47.4% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹411.63 Cr | 44.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 24.9% |
About the AMC
BOI Mutual Fund
Total AUM
₹9,990 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 22-Oct-2024, is ₹190.51.
What are the returns of Bank of India Tax Advantage Fund Direct Growth?
The fund has generated 41.73% over the last 1 year and 18.75% 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 93.75% in equities, 0.04% in bonds, and 6.21% 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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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.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.