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Bank of India Tax Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 118 0.08%
    (as on 02nd December, 2022)
Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

The fund has 99.94% investment in domestic equities of which 47% is in Large Cap stocks, 20.55% is in Mid Cap stocks, 14.29% in Small Cap stocks.The fund has 0.08% investment in Debt, of which 0.08% 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 02nd December, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 25-Nov-22 10151.40 1.51% - 1.37% 23/56
1 Month 02-Nov-22 10187.30 1.87% - 2.12% 34/56
3 Month 02-Sep-22 10576.30 5.76% - 4.71% 20/55
6 Month 02-Jun-22 11605.00 16.05% - 13.49% 5/55
YTD 31-Dec-21 10227.10 2.27% - 6.99% 46/55
1 Year 02-Dec-21 10452.70 4.53% 4.53% 8.07% 45/55
2 Year 02-Dec-20 15503.90 55.04% 24.51% 25.65% 25/55
3 Year 02-Dec-19 19831.90 98.32% 25.61% 21.23% 15/55
5 Year 01-Dec-17 20112.50 101.12% 14.98% 12.82% 8/44
Since Inception 02-Jan-13 50212.80 402.13% 17.66% 15.58% 10/52

SIP Returns (NAV as on 02nd December, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 02-Dec-21 12000 13013.19 8.44 % 15.97 %
2 Year 02-Dec-20 24000 28041.69 16.84 % 15.74 %
3 Year 02-Dec-19 36000 51737.09 43.71 % 25.02 %
5 Year 01-Dec-17 60000 102207.3 70.35 % 21.44 %
 

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 Oct,2022)

Portfolio Turnover Ratio : 74.00%  |   Category average turnover ratio is 47.59%  
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 : 99.94% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.94%
No of Stocks : 51 (Category Avg - 46.31) | Large Cap Investments : 47%| Mid Cap Investments : 20.55% | Small Cap Investments : 14.29% | Other : 18.1%

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 481 7.11% 0.04% 7.28% (Aug 2022) 5.56% (Nov 2021) 5.29 L 0.00
State Bank Of India Banks 453.3 6.70% 0.54% 6.7% (Oct 2022) 0.96% (Dec 2021) 7.90 L 40.00 k
HDFC Bank Ltd. Banks 336.8 4.98% 0.03% 5.22% (Mar 2022) 4.22% (Dec 2021) 2.25 L 0.00
Canara Bank Banks 252.7 3.73% 0.90% 3.73% (Oct 2022) 0% (Nov 2021) 8.70 L 70.00 k
Reliance Industries Ltd. Refineries/marketing 232 3.43% 0.08% 5.13% (Jun 2022) 2.39% (Dec 2021) 91.01 k 0.00
National Thermal Power Corporation Ltd. Power 218.1 3.22% 0.10% 3.22% (Oct 2022) 0% (Nov 2021) 12.60 L 0.00
Axis Bank Ltd. Banks 184.8 2.73% 0.41% 2.73% (Oct 2022) 0% (Nov 2021) 2.04 L 0.00
Mahindra & Mahindra Ltd. Passenger/utility vehicles 180.7 2.67% 0.04% 2.88% (Aug 2022) 0% (Nov 2021) 1.34 L 0.00
Varun Beverages Ltd. Consumer food 177 2.62% -0.11% 2.73% (Sep 2022) 0% (Nov 2021) 1.69 L 0.00
ITC Limited Cigarettes 165 2.44% 0.01% 2.44% (Oct 2022) 0% (Nov 2021) 4.73 L 0.00
- 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 - 0.00%)

Type of Holdings

Security Type
% Weight
Category Average
T-Bills 0.08% 0.01%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 0.08% 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 0.35%
Net Receivables Net Receivables -0.37%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th November, 2022)

  • Standard Deviation

    Low volatility
    19.5vs20.38
    Category Avg
  • Beta

    Low volatility
    0.86vs0.89
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.9vs0.7
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.2vs0.16
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    5.4vs2.46
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 2126.60 2.79 7.33 18.30 17.25 41.27
HDFC Tax Saver Fund - Direct Plan - Growth 4 10065.81 3.60 7.75 16.66 15.10 18.56
Tata India Tax Savings Fund - Direct Plan - Growth 3 3190.55 3.46 7.13 15.97 12.36 18.68
Parag Parikh Tax Saver Fund - Direct Plan - Growth 5 848.19 0.94 8.08 12.95 11.72 25.87
SBI Long Term Equity Fund - Direct Plan - Growth 4 11599.86 3.67 7.40 16.25 11.10 20.39
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3986.13 2.43 5.92 12.81 11.02 25.18
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 4 437.12 2.94 6.95 13.72 10.89 21.78
Kotak Tax Saver Fund - Direct Plan - Growth 5 3062.89 2.56 5.95 15.47 10.66 20.54
Nippon India Tax Saver Fund - Direct Plan - Growth 3 12051.94 3.44 6.05 14.45 10.43 16.17
Franklin India Taxshield Fund - Direct - Growth 3 5003.82 3.18 7.71 15.80 10.05 19.18

More Funds from

Out of 17 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 5 is/are ranked 4 * , 2 is/are ranked 3 * , 3 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 4 676.48 1.87 5.76 16.05 4.53 25.61
Bank of India Small Cap Fund - Direct Plan - Growth 4 395.05 2.20 3.92 15.38 7.96 41.78
Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan - Growth 4 385.52 2.86 3.97 11.14 2.05 26.22
Bank of India Liquid Fund - Direct Plan - Growth 4 385.48 0.55 1.51 2.81 4.73 4.12
Bank of India Flexi Cap Fund - Direct Plan - Growth NA 340.41 3.54 5.74 13.49 7.23 0.00
Bank of India Large & Mid Cap Equity Fund - Direct Plan - Growth 3 211.96 3.18 4.33 16.31 7.13 19.64
Bank of India Credit Risk Fund - Direct Plan - Growth 1 165.36 0.53 1.02 2.58 143.41 14.06
Bank of India Ultra Short Duration Fund - Direct Plan - Growth 4 136.88 0.57 1.36 2.69 4.30 4.31
Bank of India Bluechip Fund - Direct Plan - Growth NA 135.58 1.35 4.64 14.07 1.17 0.00
Bank of India Balanced Advantage Fund - Direct Plan - Growth NA 86.70 2.57 5.20 10.29 18.50 11.62

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