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    Bank of India Tax Advantage Fund Direct Plan Growth

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    Bank of India Tax Advantage Fund Direct Plan Growth

    Bank of India Tax Advantage Fund Direct Plan Growth

    • Very High Risk
    • Equity
    • ELSS (Tax Savings)
    • Share
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    NAV as on Aug 11, 2023
    i
    Price per unit of the scheme.
    ₹ 129.9000 0.21% 1 Day Change
    3.44%
    Minimum investment ₹500
    Benchmark S&P BSE 500 India TR INR

    FUND RATING

    A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
    5
    Scheme Rating
    *Morningstar

    RISK-O-METER

    Level of risk associated with a mutual fund to help investors make informed investment decisions
     

    FUND PERFORMANCE

    (As On --)
    Compare fund’s performance against category average and benchmark across different time periods
    1M 3M 6M 1Y 3Y 5Y
    -- Out of -- funds in the category
    Category Avg
    --
    This Fund
    Returns <= 1 year are absolute and > 1 year are annualised
    For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

    FUND COMPARISON

    This Fund
    Bank of India Tax Advantage Fund Direct Plan Growth
    VS
    Category Average
    Category Topper
    All Fund
    *For the other fund, rescaled NAVs are used
    Share
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    RETURN CALCULATOR

    Check the return on your investment in the fund
    Bank of India Tax Advantage Fund Direct Plan Growth
    Investment Type
    MONTHLY SIP ONE -TIME
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Profit
      ₹0
    • Current Value
      ₹0

    FUND SUMMARY

    Expense Ratio
    1.26 %
    Category Avg Expense Ratio
    0.87%
    Minimum Investment (Lumpsum/SIP)
    ₹500/₹500
    Lock In (Years)
    3
    Fund Size
    ₹ 791.83 Cr
    Inception Date
    Jan 1, 2013
    Exit Load
    Nil
    TurnOver
    65.00 %

    ABOUT THE FUND

    Objective: The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized).

    Bank of India Tax Advantage Fund Direct Plan Growth is an Equity - ELSS (Tax Savings) fund. The fund was launched in Jan 1, 2013. Its risk level is Very High. The NAV of the fund as on Aug 11, 2023 is ₹129.90. Its expense ratio is 1.26 %. The fund has an AUM of ₹840.87 Cr.The fund is managed by Alok Singh. The minimum initial investment is ₹500 in Lumpsum mode.

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    FUND MANAGER

    Alok Singh
    i
    Lead Fund Manager.
    Apr 27, 2022- Present
    • Fund Manager Rank 13 Out of 37
      i
      The fund managers’ ranking is determined on the basis of 3-year information ratio.
    • Schemes 3
    • AUM ₹ 905.64 Cr
    • Highest Return In 1 Yr 18.87 %
    Other Funds
    • table
    • card
    1M 3M 6M 1Y 3Y 5Y
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    ₹21.36
    0.50%
    1.19%
    Very High Risk
    ₹100.24Cr
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    ₹129.90
    3.44%
    1.84%
    Very High Risk
    ₹791.83Cr
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    --
    ₹12.59
    0.58%
    0.61%
    Low Risk
    ₹13.57Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    ₹21.36
    5.66%
    6.34%
    Very High Risk
    ₹100.24Cr
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    ₹129.90
    10.51%
    9.62%
    Very High Risk
    ₹791.83Cr
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    --
    ₹12.59
    1.83%
    1.81%
    Low Risk
    ₹13.57Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    ₹21.36
    8.27%
    8.46%
    Very High Risk
    ₹100.24Cr
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    ₹129.90
    15.09%
    12.73%
    Very High Risk
    ₹791.83Cr
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    --
    ₹12.59
    3.20%
    3.32%
    Low Risk
    ₹13.57Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    ₹21.36
    10.11%
    10.37%
    Very High Risk
    ₹100.24Cr
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    ₹129.90
    18.87%
    14.11%
    Very High Risk
    ₹791.83Cr
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    ₹12.59
    5.90%
    6.33%
    Low Risk
    ₹13.57Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    ₹21.36
    12.24%
    12.87%
    Very High Risk
    ₹100.24Cr
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    ₹129.90
    26.15%
    22.67%
    Very High Risk
    ₹791.83Cr
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    --
    ₹12.59
    3.88%
    4.51%
    Low Risk
    ₹13.57Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    ₹21.36
    6.60%
    9.12%
    Very High Risk
    ₹100.24Cr
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    ₹129.90
    16.15%
    12.47%
    Very High Risk
    ₹791.83Cr
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    --
    ₹12.59
    4.53%
    4.62%
    Low Risk
    ₹13.57Cr
    1M 3M 6M 1Y 3Y 5Y
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    Very High Risk
    • NAV ₹21.36
    • Fund Size ₹100.24Cr
    Fund Return 0.50%
    Category Return 1.19%
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    Very High Risk
    • NAV ₹129.90
    • Fund Size ₹791.83Cr
    Fund Return 3.44%
    Category Return 1.84%
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    Low Risk --
    • NAV ₹12.59
    • Fund Size ₹13.57Cr
    Fund Return 0.58%
    Category Return 0.61%
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    Very High Risk
    • NAV ₹21.36
    • Fund Size ₹100.24Cr
    Fund Return 5.66%
    Category Return 6.34%
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    Very High Risk
    • NAV ₹129.90
    • Fund Size ₹791.83Cr
    Fund Return 10.51%
    Category Return 9.62%
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    Low Risk --
    • NAV ₹12.59
    • Fund Size ₹13.57Cr
    Fund Return 1.83%
    Category Return 1.81%
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    Very High Risk
    • NAV ₹21.36
    • Fund Size ₹100.24Cr
    Fund Return 8.27%
    Category Return 8.46%
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    Very High Risk
    • NAV ₹129.90
    • Fund Size ₹791.83Cr
    Fund Return 15.09%
    Category Return 12.73%
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    Low Risk --
    • NAV ₹12.59
    • Fund Size ₹13.57Cr
    Fund Return 3.20%
    Category Return 3.32%
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    Very High Risk
    • NAV ₹21.36
    • Fund Size ₹100.24Cr
    Fund Return 10.11%
    Category Return 10.37%
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    Very High Risk
    • NAV ₹129.90
    • Fund Size ₹791.83Cr
    Fund Return 18.87%
    Category Return 14.11%
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    Low Risk --
    • NAV ₹12.59
    • Fund Size ₹13.57Cr
    Fund Return 5.90%
    Category Return 6.33%
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    Very High Risk
    • NAV ₹21.36
    • Fund Size ₹100.24Cr
    Fund Return 12.24%
    Category Return 12.87%
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    Very High Risk
    • NAV ₹129.90
    • Fund Size ₹791.83Cr
    Fund Return 26.15%
    Category Return 22.67%
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    Low Risk --
    • NAV ₹12.59
    • Fund Size ₹13.57Cr
    Fund Return 3.88%
    Category Return 4.51%
    Bank of India Balanced Advantage Direct Growth Bank of India Balanced Advantage Direct Growth
    Very High Risk
    • NAV ₹21.36
    • Fund Size ₹100.24Cr
    Fund Return 6.60%
    Category Return 9.12%
    Bank of India Tax Advantage Fund Direct Plan Growth Bank of India Tax Advantage Fund Direct Plan Growth
    Very High Risk
    • NAV ₹129.90
    • Fund Size ₹791.83Cr
    Fund Return 16.15%
    Category Return 12.47%
    Bank of India Arbitrage Fund Direct Growth Bank of India Arbitrage Fund Direct Growth
    Low Risk --
    • NAV ₹12.59
    • Fund Size ₹13.57Cr
    Fund Return 4.53%
    Category Return 4.62%
    Returns <= 1 year are absolute and > 1 year are annualised

    DETAILED PORTFOLIO

    (As On Jul 31, 2023)
    EQUITY (99.56%)
    DEBT (0.06%)
    CASH (0.38%)
    Allocation by Market Cap

    PERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.

    HISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      5.85
      This Fund
      VS
      1.85
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      0.88
      This Fund
      VS
      0.90
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      3.10
      This Fund
      VS
      2.80
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      78.07
      This Fund
      VS
      86.33
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      1.52
      This Fund
      VS
      1.30
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      14.31
      This Fund
      VS
      14.02
      Category Avg
    Benchmark used in calculation : S&P BSE 200 India TR INR

    PEER ANALYSIS

    1M 3M 6M 1Y 3Y 5Y
    • table
    • card
    Fund Name Morningstar Rating NAV Fund Return Risk Fund Size (Cr)
    IDBI Equity Advantage Fund Direct Growth IDBI Equity Advantage Fund Direct Growth
    ₹48.77
    7.64%
    Very High Risk
    ₹484.91 Cr
    NJ ELSS Tax Saver Scheme Direct Growth NJ ELSS Tax Saver Scheme Direct Growth
    --
    ₹10.78
    5.79%
    Very High Risk
    ₹103.48 Cr
    Samco ELSS Tax Saver Fund Direct Growth Samco ELSS Tax Saver Fund Direct Growth
    --
    ₹11.65
    5.14%
    Very High Risk
    ₹53.42 Cr
    Tata India Tax Savings Fund Growth Direct Plan Tata India Tax Savings Fund Growth Direct Plan
    ₹36.75
    3.83%
    Very High Risk
    ₹3,392.14 Cr
    Franklin India Taxshield Direct Growth Franklin India Taxshield Direct Growth
    ₹1,119.26
    3.70%
    Very High Risk
    ₹5,028.51 Cr
    Quant Tax Plan Growth Option Direct Plan Quant Tax Plan Growth Option Direct Plan
    ₹291.39
    3.63%
    Very High Risk
    ₹4,049.39 Cr
    IDBI Equity Advantage Fund Direct Growth IDBI Equity Advantage Fund Direct Growth
    VERY HIGH RISK
    • NAV ₹48.77
    • Fund Size ₹484.91 Cr
    Fund Return 7.64%
    Category Return --
    NJ ELSS Tax Saver Scheme Direct Growth NJ ELSS Tax Saver Scheme Direct Growth
    VERY HIGH RISK --
    • NAV ₹10.78
    • Fund Size ₹103.48 Cr
    Fund Return 5.79%
    Category Return 1.84%
    Samco ELSS Tax Saver Fund Direct Growth Samco ELSS Tax Saver Fund Direct Growth
    VERY HIGH RISK --
    • NAV ₹11.65
    • Fund Size ₹53.42 Cr
    Fund Return 5.14%
    Category Return 1.84%
    Tata India Tax Savings Fund Growth Direct Plan Tata India Tax Savings Fund Growth Direct Plan
    VERY HIGH RISK
    • NAV ₹36.75
    • Fund Size ₹3,392.14 Cr
    Fund Return 3.83%
    Category Return 1.84%
    Franklin India Taxshield Direct Growth Franklin India Taxshield Direct Growth
    VERY HIGH RISK
    • NAV ₹1,119.26
    • Fund Size ₹5,028.51 Cr
    Fund Return 3.70%
    Category Return 1.84%
    Quant Tax Plan Growth Option Direct Plan Quant Tax Plan Growth Option Direct Plan
    VERY HIGH RISK
    • NAV ₹291.39
    • Fund Size ₹4,049.39 Cr
    Fund Return 3.63%
    Category Return 1.84%
    Returns <= 1 year are absolute and > 1 year are annualised

    funds from this amc

    1M 3M 6M 1Y 3Y 5Y
    • table
    • card
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Bank of India Mid & Small Cap Equity & Debt Fund Direct Payout of Income Dist cum Cap Wdrl Bank of India Mid & Small Cap Equity & Debt Fund Direct Payout of Income Dist cum Cap Wdrl
    VERY HIGH RISK
    • Category Rank 1Out of 261
    • NAV ₹22.97
    • Fund Size ₹418.52 Cr
    Fund Return 5.32%
    Category Return 1.64%
    Bank of India Mid & Small Cap Equity & Debt Fund Direct Reinvestment of IncomeDistcumCapWdrl Bank of India Mid & Small Cap Equity & Debt Fund Direct Reinvestment of IncomeDistcumCapWdrl
    VERY HIGH RISK
    • Category Rank 1Out of 261
    • NAV ₹22.97
    • Fund Size ₹418.52 Cr
    Fund Return 5.32%
    Category Return 1.64%
    Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth
    VERY HIGH RISK
    • Category Rank 2Out of 261
    • NAV ₹28.12
    • Fund Size ₹418.52 Cr
    Fund Return 5.32%
    Category Return 1.64%
    Bank of India Mid & Small Cap Equity & Debt Fund Regular Growth Bank of India Mid & Small Cap Equity & Debt Fund Regular Growth
    VERY HIGH RISK
    • Category Rank 2Out of 261
    • NAV ₹26.41
    • Fund Size ₹418.52 Cr
    Fund Return 5.26%
    Category Return 1.64%
    Bank of India Mid & Small Cap Equity & Debt Fund Regular Reinvestment ofIncomeDistcumCapWdrl Bank of India Mid & Small Cap Equity & Debt Fund Regular Reinvestment ofIncomeDistcumCapWdrl
    VERY HIGH RISK
    • Category Rank 3Out of 261
    • NAV ₹22.38
    • Fund Size ₹418.52 Cr
    Fund Return 5.22%
    Category Return 1.64%
    Bank of India Mid & Small Cap Equity & Debt Fund Regular Payout of Income Dist cum Cap Wdrl Bank of India Mid & Small Cap Equity & Debt Fund Regular Payout of Income Dist cum Cap Wdrl
    VERY HIGH RISK
    • Category Rank 3Out of 261
    • NAV ₹22.38
    • Fund Size ₹418.52 Cr
    Fund Return 5.22%
    Category Return 1.64%
    Returns <= 1 year are absolute and > 1 year are annualised

    ABOUT THE AMC

    Bank of India Investment Managers Private Limited
    Bank of India Investment Managers Private Limited manages assets worth ₹ 4,606.96 crores. It’s current offering of mutual fund schemes includes 9 equity, 3 hybrid schemes.
    Phone
    +91 22 40479000
    Email
    service@boimf.in
    AUM
    ₹ 4,606.96 Cr
    Address
    B/204, Tower 1, Peninsula Corporate Park, ,Mumbai ,400 013

    FAQ’S

    What is the category of Bank of India Tax Advantage Fund Direct Plan Growth ?
    The category of Bank of India Tax Advantage Fund Direct Plan Growth is Equity - ELSS (Tax Savings)
    What is the current NAV of Bank of India Tax Advantage Fund Direct Plan Growth ?
    The current NAV of Bank of India Tax Advantage Fund Direct Plan Growth (as on Aug 11, 2023) is ₹ 129.90
    How safe is Bank of India Tax Advantage Fund Direct Plan Growth?
    The risk level of Bank of India Tax Advantage Fund Direct Plan Growth is Very High .
    What are short term returns given by Bank of India Tax Advantage Fund Direct Plan Growth?
    The return given by Bank of India Tax Advantage Fund Direct Plan Growth in 1 month is 3.44%, 3 months is 10.51%, 6 months is 15.09% and 1 year is 18.87%.
    What are the long term returns given by Bank of India Tax Advantage Fund Direct Plan Growth?
    The return given by Bank of India Tax Advantage Fund Direct Plan Growth in 3 years is 26.15% and 5 years is 16.15%
    What is the expense ratio of Bank of India Tax Advantage Fund Direct Plan Growth?
    The expense ratio of Bank of India Tax Advantage Fund Direct Plan Growth is 1.26 %
    What is the AUM of Bank of India Tax Advantage Fund Direct Plan Growth
    The assets under Management (AUM) of Bank of India Tax Advantage Fund Direct Plan Growth is Rs 791.83 crores.
    What is the minimum investment in Bank of India Tax Advantage Fund Direct Plan Growth?
    The minimum Lumpsum investment in Bank of India Tax Advantage Fund Direct Plan Growth is ₹500 and the minimum SIP investment in Bank of India Tax Advantage Fund Direct Plan Growth is ₹500
    What is the asset allocation of Bank of India Tax Advantage Fund Direct Plan Growth?
    The Bank of India Tax Advantage Fund Direct Plan Growth has an exposure of 99.56% in Equity, 0.06% in Debt and 0.38% in Cash & Money Market Securities

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