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Bank of India Tax Advantage Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : BOI AXA Mutual Fund
  • NAV
    : ₹ 105.86 -0.03%
    (as on 09th June, 2023)
Crisil Rank
Average performance among peers
Risk-O-Meter
Very High

The fund has 96.07% investment in domestic equities of which 46.36% is in Large Cap stocks, 20.52% is in Mid Cap stocks, 15.29% in Small Cap stocks.The fund has 0.73% investment in Debt, of which 0.73% 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 09th June, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 02-Jun-23 10080.90 0.81% - 0.62% 20/64
1 Month 09-May-23 10260.70 2.61% - 3.89% 55/64
3 Month 09-Mar-23 10672.40 6.72% - 8.03% 40/63
6 Month 09-Dec-22 10159.30 1.59% - 2.14% 41/61
YTD 30-Dec-22 10398.80 3.99% - 5.66% 43/62
1 Year 09-Jun-22 11945.40 19.45% 19.45% 16.34% 15/60
2 Year 09-Jun-21 12144.10 21.44% 10.20% 11.10% 36/60
3 Year 09-Jun-20 21037.40 110.37% 28.13% 27.57% 17/60
5 Year 08-Jun-18 19132.50 91.33% 13.84% 11.81% 11/54
10 Year 07-Jun-13 46634.40 366.34% 16.63% 14.53% 4/30
Since Inception 25-Feb-09 105860.00 958.60% 17.95% 13.41% 7/60

SIP Returns (NAV as on 09th June, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 09-Jun-22 12000 12905.93 7.55 % 14.28 %
2 Year 09-Jun-21 24000 25980.56 8.25 % 7.83 %
3 Year 09-Jun-20 36000 45168.86 25.47 % 15.31 %
5 Year 08-Jun-18 60000 95037.43 58.4 % 18.45 %
10 Year 07-Jun-13 120000 273517.98 127.93 % 15.73 %
 

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 May,2023)

Equity Holding : 96.07% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.07%
No of Stocks : 58 (Category Avg - 47.95) | Large Cap Investments : 46.36%| Mid Cap Investments : 20.52% | Small Cap Investments : 15.29% | Other : 13.9%

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 502.4 6.62% 0.00% 7.28% (Aug 2022) 6.48% (Jan 2023) 5.29 L 0.00
# State Bank Of India Public sector bank 446.5 5.88% 0.00% 6.82% (Dec 2022) 2.94% (May 2022) 7.70 L 0.00
# HDFC Bank Ltd. Private sector bank 426.9 5.62% 0.00% 6.26% (Jan 2023) 4.72% (May 2022) 2.65 L 0.00
# Canara Bank Public sector bank 277.2 3.65% 0.00% 4.3% (Dec 2022) 0% (May 2022) 8.95 L 0.00
# Reliance Industries Ltd. Refineries & marketing 224.8 2.96% 0.00% 5.13% (Jun 2022) 2.98% (Apr 2023) 91.01 k 0.00
# National Thermal Power Corporation Ltd. Power generation 219.1 2.89% 0.00% 3.22% (Oct 2022) 2.46% (Jul 2022) 12.60 L 0.00
# ITC Limited Diversified fmcg 210.8 2.78% 0.00% 2.72% (Apr 2023) 1.86% (May 2022) 4.73 L 0.00
# Cholamandalam Investment & Finance Co. Ltd. Non banking financial company (nbfc) 199.7 2.63% 0.00% 2.33% (Aug 2022) 1.95% (Nov 2022) 1.90 L 0.00
# Axis Bank Ltd. Private sector bank 186.6 2.46% 0.00% 2.75% (Dec 2022) 1.87% (Jun 2022) 2.04 L 0.00
# Balrampur Chini Mills Ltd. Sugar 169.7 2.23% 0.00% 2.46% (Mar 2023) 1.09% (Jun 2022) 4.32 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
No of Debt Holding 2 (Category Avg - 0.22) | 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% 0.07%
T-Bills 0.73% 0.03%
NCD & Bonds 0.00% 0.12%
CP 0.00% 0.02%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 0.73% 0.03%
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 3.11%
Net Receivables Net Receivables 0.09%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2023)

  • Standard Deviation

    High volatility
    15.66vs15.35
    Category Avg
  • Beta

    High volatility
    0.96vs0.91
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    1.29vs1.33
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.21vs0.23
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.55vs2.64
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Motilal Oswal Long Term Equity Fund - Growth 3 2348.76 4.83 8.51 4.37 25.18 25.06
SBI Long Term Equity Fund - Regular Plan - Growth 4 12998.19 4.51 9.22 5.84 23.30 27.80
Baroda BNP Paribas ELSS Fund - Regular Plan - Growth (Adjusted NAV) NA 686.29 3.71 7.28 2.65 20.98 23.35
JM Tax Gain Fund - Growth 4 79.00 6.20 8.75 4.42 20.25 27.39
HDFC Tax Saver Fund - Growth 5 10434.64 3.91 6.85 3.36 20.01 27.34
Kotak Tax Saver Fund - Growth 4 3687.18 2.90 6.19 2.08 19.33 26.22
Bandhan Tax Advantage (ELSS) Fund - Regular Plan - Growth 5 4563.40 4.44 8.43 4.54 18.96 33.56
HSBC ELSS Fund - Growth 3 3184.95 4.55 9.58 5.39 18.42 22.94
IDBI Equity Advantage Fund - Growth 2 478.25 2.45 6.77 2.33 17.44 20.46
Taurus Taxshield - Growth 3 62.68 2.44 4.30 4.64 17.41 21.76

More Funds from BOI AXA Mutual Fund

Out of 20 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 4 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 - Regular Plan - Growth 3 759.27 2.61 6.72 1.59 19.45 28.13
Bank of India Liquid Fund - Regular Plan - Growth 4 590.23 0.60 1.82 3.44 6.34 4.35
Bank of India Small Cap Fund - Regular Plan - Growth 3 490.49 6.42 11.90 6.38 23.56 41.83
Bank of India Mid & Small Cap Equity & Debt Fund - Growth 4 399.83 0.00 0.00 0.00 0.00 0.00
Bank of India Mid & Small Cap Equity & Debt Fund - Growth 4 399.83 3.29 5.18 2.81 15.88 28.85
Bank of India Flexi Cap Fund - Regular Plan - Growth NA 353.71 2.98 6.63 1.67 16.13 0.00
Bank of India Multicap Fund - Regular Plan - Growth NA 217.73 4.52 10.99 0.00 0.00 0.00
Bank of India Large & Mid Cap Equity Fund - Regular Plan - Growth 3 212.70 2.94 6.21 1.28 19.00 24.62
Bank of India Credit Risk Fund - Regular Plan - Growth 1 157.59 0.43 1.72 2.75 5.30 42.96
Bank of India Ultra Short Duration Fund - Regular - Growth 4 145.89 0.55 1.77 3.25 5.92 4.21

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