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Bank of India Tax Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : BOI AXA Mutual Fund
  • NAV
    : ₹ 118.31 0.71%
    (as on 26th May, 2023)
Crisil Rank
Average performance among peers
Risk-O-Meter
Very High

The fund has 92.98% investment in domestic equities of which 46.31% is in Large Cap stocks, 20.96% is in Mid Cap stocks, 14.05% in Small Cap stocks.The fund has 0.07% investment in Debt, of which 0.07% 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.

Crisil Rank Change : Fund Crisil rank was updated from 4 to 3 in the previous quarter.

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Returns (NAV as on 26th May, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 19-May-23 10105.10 1.05% - 1.39% 48/60
1 Month 26-Apr-23 10294.10 2.94% - 4.82% 57/60
3 Month 24-Feb-23 10780.90 7.81% - 7.21% 17/59
6 Month 25-Nov-22 10178.10 1.78% - 3.68% 30/57
YTD 30-Dec-22 10262.80 2.63% - 4.12% 38/59
1 Year 26-May-22 12095.90 20.96% 20.96% 20.47% 11/56
2 Year 26-May-21 12548.80 25.49% 12.02% 14.11% 34/56
3 Year 26-May-20 22712.60 127.13% 31.45% 32.76% 26/56
5 Year 25-May-18 19513.40 95.13% 14.29% 13.25% 13/50
10 Year 24-May-13 51439.10 414.39% 17.77% 16.02% 4/27
Since Inception 02-Jan-13 50344.70 403.45% 16.81% 14.58% 11/55

SIP Returns (NAV as on 26th May, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 26-May-22 12000 13109.62 9.25 % 17.64 %
2 Year 26-May-21 24000 26389.86 9.96 % 9.44 %
3 Year 26-May-20 36000 46566.82 29.35 % 17.48 %
5 Year 25-May-18 60000 97750.5 62.92 % 19.62 %
10 Year 24-May-13 120000 293985.56 144.99 % 17.07 %
 

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 30th Apr,2023)

Portfolio Turnover Ratio : 70.00%  |   Category average turnover ratio is 49.53%  
Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)
Equity Holding : 92.98% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 92.98%
No of Stocks : 54 (Category Avg - 47.47) | Large Cap Investments : 46.31%| Mid Cap Investments : 20.96% | Small Cap Investments : 14.05% | Other : 11.66%

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. Private sector bank 485.8 6.57% -0.11% 7.28% (Aug 2022) 6.48% (Jan 2023) 5.29 L 0.00
HDFC Bank Ltd. Private sector bank 447.2 6.05% -0.08% 6.26% (Jan 2023) 4.72% (May 2022) 2.65 L 0.00
State Bank Of India Public sector bank 445.3 6.02% 0.22% 6.82% (Dec 2022) 2.94% (May 2022) 7.70 L 0.00
Canara Bank Public sector bank 284.1 3.84% 0.18% 4.3% (Dec 2022) 0% (May 2022) 8.95 L 0.00
Reliance Industries Ltd. Refineries & marketing 220.3 2.98% -0.07% 5.13% (Jun 2022) 2.98% (Apr 2023) 91.01 k 0.00
National Thermal Power Corporation Ltd. Power generation 216.7 2.93% -0.24% 3.22% (Oct 2022) 2.46% (Jul 2022) 12.60 L 0.00
ITC Limited Diversified fmcg 201.4 2.72% 0.11% 2.72% (Apr 2023) 1.86% (May 2022) 4.73 L 0.00
Larsen & Toubro Ltd. Civil construction 179.7 2.43% 0.22% 2.43% (Apr 2023) 0% (May 2022) 76.00 k 5.00 k
Balrampur Chini Mills Ltd. Sugar 179.5 2.43% -0.03% 2.46% (Mar 2023) 1.09% (Jun 2022) 4.32 L 0.00
Axis Bank Ltd. Private sector bank 175.4 2.37% -0.15% 2.75% (Dec 2022) 1.87% (Jun 2022) 2.04 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
No of Debt Holding 1 (Category Avg - 0.17) | Modified Duration 0.60 Years (Category Avg - 1.64)| Yield to Maturity - -- (Category Avg - 7.07%)

Type of Holdings

Security Type
% Weight
Category Average
CD 0.00% 0.08%
T-Bills 0.07% 0.01%
NCD & Bonds 0.00% 0.12%
CP 0.00% 0.03%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 0.07% 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 (%)
Net Receivables Net Receivables 5.66%
TREPS TREPS 1.29%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2023)

  • Standard Deviation

    High volatility
    16vs15.87
    Category Avg
  • Beta

    High volatility
    0.93vs0.91
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    1.11vs1.13
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.19vs0.2
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.73vs2.36
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Baroda BNP Paribas ELSS Fund - Direct Plan - Growth (Adjusted NAV) NA 664.95 4.82 6.65 72.88 96.75 49.32
Sundaram Tax Saving Fund - Direct Plan - Growth (Adjusted NAV) NA 966.64 4.54 5.82 14.22 32.73 35.78
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth 3 2236.58 5.96 8.33 5.20 24.71 29.64
SBI Long Term Equity Fund - Direct Plan - Growth 4 12998.19 5.02 7.89 4.59 23.79 31.15
ITI Long Term Equity Fund - Direct Plan - Growth 3 170.33 4.92 6.93 2.57 20.94 25.35
HSBC ELSS Fund - Direct Plan - Growth 2 3053.84 6.25 8.40 4.42 20.82 26.31
Kotak Tax Saver Fund - Direct Plan - Growth 4 3559.75 3.87 6.62 2.68 20.51 31.19
Bandhan Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 4333.38 5.84 7.86 3.81 20.45 39.25
Mahindra Manulife ELSS Fund - Direct Plan - Growth 4 566.87 4.81 6.22 2.65 19.79 32.21
HDFC Tax Saver Fund - Direct Plan - Growth 5 10178.51 3.57 5.96 1.30 19.76 31.67

More Funds from BOI AXA Mutual Fund

Out of 18 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 3 is/are ranked 4 * , 3 is/are ranked 3 * , 1 is/are ranked 2 * , 3 is/are ranked 1 * , and 7 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 3 739.12 2.94 7.81 1.78 20.96 31.45
Bank of India Liquid Fund - Direct Plan - Growth 4 590.23 0.58 1.77 3.46 6.34 4.37
Bank of India Small Cap Fund - Direct Plan - Growth 3 459.65 6.13 10.43 4.53 25.17 46.12
Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan - Growth 4 391.86 2.01 4.57 2.01 16.34 30.82
Bank of India Flexi Cap Fund - Direct Plan - Growth NA 353.59 2.51 7.32 1.09 17.97 0.00
Bank of India Large & Mid Cap Equity Fund - Direct Plan - Growth 3 213.22 2.20 5.57 0.12 19.59 27.75
Bank of India Multicap Fund - Direct Plan - Growth NA 204.32 4.15 0.00 0.00 0.00 0.00
Bank of India Credit Risk Fund - Direct Plan - Growth 1 157.91 0.49 1.75 2.90 5.47 43.39
Bank of India Ultra Short Duration Fund - Direct Plan - Growth 4 134.16 0.53 1.86 3.51 6.27 4.44
Bank of India Bluechip Fund - Direct Plan - Growth NA 114.51 3.84 6.22 -0.45 15.38 0.00

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