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Bank of India Tax Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : BOI AXA Mutual Fund
  • NAV
    : ₹ 109.88 0.55%
    (as on 12th August, 2022)
Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

The fund has 96.66% investment in domestic equities of which 47.66% is in Large Cap stocks, 15.54% is in Mid Cap stocks, 12.92% in Small Cap stocks.The fund has 0.09% investment in Debt, of which 0.09% in Government securities.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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Returns (NAV as on 12th August, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 05-Aug-22 10147.80 1.48% - 1.69% 44/55
1 Month 12-Jul-22 11024.40 10.24% - 9.60% 19/55
3 Month 12-May-22 11340.70 13.41% - 13.75% 32/55
6 Month 11-Feb-22 10075.20 0.75% - 2.30% 41/55
YTD 31-Dec-21 9523.30 -4.77% - 1.26% 51/55
1 Year 12-Aug-21 10249.00 2.49% 2.49% 9.17% 48/55
2 Year 12-Aug-20 17078.00 70.78% 30.68% 32.40% 25/55
3 Year 09-Aug-19 20565.20 105.65% 27.06% 22.41% 14/54
5 Year 11-Aug-17 22130.90 121.31% 17.20% 13.79% 6/43
Since Inception 02-Jan-13 46757.40 367.57% 17.40% 15.61% 11/51

SIP Returns (NAV as on 12th August, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 12-Aug-21 12000 12228.67 1.91 % 3.55 %
2 Year 12-Aug-20 24000 28555.38 18.98 % 17.69 %
3 Year 09-Aug-19 36000 51699.05 43.61 % 24.96 %
5 Year 11-Aug-17 60000 98950.01 64.92 % 20.1 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Jul,2022)

Equity Holding : 96.66% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.66%
No of Stocks : 55 (Category Avg - 47.18) | Large Cap Investments : 47.66%| Mid Cap Investments : 15.54% | Small Cap Investments : 12.92% | Other : 20.54%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
# ICICI Bank Ltd. Banks 433.3 7.12% 0.00% 6.99% (May 2022) 4.99% (Sep 2021) 5.29 L 0.00
# State Bank Of India Banks 327.6 5.38% 0.00% 3.03% (Jun 2022) 0% (Jul 2021) 6.20 L 2.62 L
# HDFC Bank Ltd. Banks 306.9 5.04% 0.00% 5.24% (Oct 2021) 4.22% (Dec 2021) 2.14 L 20.33 k
# Reliance Industries Ltd. Refineries/marketing 243.4 4.00% 0.00% 5.13% (Jun 2022) 1.75% (Jul 2021) 97.01 k -0.12 L
# Tata Consultancy Services Ltd. Computers - software 175 2.88% 0.00% 3.41% (Jun 2022) 0% (Jul 2021) 53.00 k -4.52 k
# Kotak Mahindra Bank Ltd. Banks 158.6 2.61% 0.00% 2.84% (May 2022) 1.43% (Jul 2021) 87.61 k 0.00
# Infosys Ltd. Computers - software 155 2.55% 0.00% 5.14% (Mar 2022) 3.71% (Oct 2021) 1.00 L -0.65 L
# National Thermal Power Corporation Ltd. Power 149.6 2.46% 0.00% 2.53% (Jun 2022) 0% (Jul 2021) 9.78 L 0.00
# Varun Beverages Ltd. Consumer food 148.9 2.45% 0.00% 2.42% (Jun 2022) 0% (Jul 2021) 1.69 L 0.00
# Mahindra & Mahindra Ltd. Passenger/utility vehicles 145.6 2.39% 0.00% 2.22% (Jun 2022) 0% (Jul 2021) 1.25 L 12.85 k
- indicates change in weight in the portfolio. # indicates a new entry.
No of Debt Holding 1 (Category Avg - 0.09) | Modified Duration 0.60 Years (Category Avg - 1.52)| Yield to Maturity - -- (Category Avg - 4.67%)

Type of Holdings

Security Type
% Weight
Category Average
T-Bills 0.09% 0.01%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 0.09% 0.01%
Low Risk 0.00% 0.00%
Moderate Risk 0.00% 0.00%
High Risk 0.00% 0.00%
Very High Risk 0.00% 0.00%
Others 0.00% 0.00%
Name Type of Instrument Weight (%)
TREPS TREPS 2.20%
Net Receivables Net Receivables 1.05%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th July, 2022)

  • Standard Deviation

    Low volatility
    19.65vs20.71
    Category Avg
  • Beta

    Low volatility
    0.86vs0.9
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    1vs0.75
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.23vs0.17
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    6.71vs2.21
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
HDFC Tax Saver Fund - Direct Plan - Growth 4 9408.98 8.94 13.23 7.24 16.23 18.42
Quant Tax Plan - Direct Plan - Growth 5 1584.38 9.71 14.04 3.34 14.55 40.66
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 680.09 6.49 9.54 1.73 13.92 24.82
Tata India Tax Savings Fund - Direct Plan - Growth 3 3014.29 10.25 14.56 3.08 11.87 19.45
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3692.39 8.95 12.08 0.97 11.52 25.51
Sundaram Tax Saving Fund - Direct Plan - Growth 3 930.44 8.90 13.85 1.84 11.26 20.38
Nippon India Tax Saver Fund - Direct Plan - Growth 3 11740.98 9.71 13.55 2.70 10.70 18.42
Kotak Tax Saver Fund - Direct Plan - Growth 4 2794.27 9.70 12.75 2.71 10.57 21.37
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 485.36 10.13 14.66 2.79 10.56 22.72
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 5 397.64 8.40 11.12 0.61 10.13 21.67

More Funds from BOI AXA Mutual Fund

Out of 17 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 5 is/are ranked 4 * , 1 is/are ranked 3 * , 4 is/are ranked 1 * , and 6 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Bank of India Tax Advantage Fund - Direct Plan - Growth 4 608.62 10.24 13.41 0.75 2.49 27.06
Bank of India Liquid Fund - Direct Plan - Growth 4 359.09 0.39 1.21 2.10 3.90 4.06
Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan - Growth 4 349.95 7.22 7.22 -3.88 3.65 26.41
Bank of India Small Cap Fund - Direct Plan - Growth 4 333.29 8.89 14.52 0.47 10.94 41.77
Bank of India Flexi Cap Fund - Direct Plan - Growth NA 284.84 9.64 13.88 -0.94 7.69 0.00
Bank of India Large & Mid Cap Equity Fund - Direct Plan - Growth 3 200.85 10.39 15.73 1.91 6.25 21.48
Bank of India Credit Risk Fund - Direct Plan - Growth 1 165.99 0.56 1.43 126.63 142.64 13.74
Bank of India Bluechip Fund - Direct Plan - Growth NA 133.85 9.92 14.24 0.47 3.07 0.00
Bank of India Ultra Short Duration Fund - Direct Plan - Growth 4 130.43 0.40 1.23 1.87 3.60 4.47
Bank of India Manufacturing & Infrastructure Fund - Direct Plan - Growth 5 77.52 10.19 14.35 2.41 12.85 28.38

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