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  • SBI Life
  • DSP Mutual Fund
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Bank of India Tax Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 112.18 0.12%
    (as on 06th February, 2023)
Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

The fund has 99.82% investment in domestic equities of which 48.25% is in Large Cap stocks, 18.58% is in Mid Cap stocks, 16% 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 06th February, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 30-Jan-23 10205.60 2.06% - 1.41% 8/60
1 Month 06-Jan-23 9832.60 -1.67% - -0.81% 54/60
3 Month 04-Nov-22 9662.40 -3.38% - -1.51% 38/58
6 Month 05-Aug-22 10360.20 3.60% - 3.53% 16/57
YTD 30-Dec-22 9731.10 -2.69% - -1.85% 52/60
1 Year 04-Feb-22 10076.30 0.76% 0.76% 1.99% 28/57
2 Year 05-Feb-21 13283.60 32.84% 15.23% 15.62% 21/57
3 Year 06-Feb-20 17365.30 73.65% 20.18% 17.80% 17/57
5 Year 06-Feb-18 19570.80 95.71% 14.36% 11.99% 10/47
10 Year 06-Feb-13 49008.30 390.08% 17.22% 15.14% 4/28
Since Inception 02-Jan-13 47736.20 377.36% 16.74% 14.14% 10/55

SIP Returns (NAV as on 06th February, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 04-Feb-22 12000 12409.14 3.41 % 6.31 %
2 Year 05-Feb-21 24000 25754.92 7.31 % 6.91 %
3 Year 06-Feb-20 36000 46978 30.49 % 18.02 %
5 Year 06-Feb-18 60000 95398.88 59 % 18.57 %
10 Year 06-Feb-13 120000 291524.76 142.94 % 16.9 %
 

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 Dec,2022)

Portfolio Turnover Ratio : 74.00%  |   Category average turnover ratio is 54.94%  
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 : 99.82% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.82%
No of Stocks : 56 (Category Avg - 47.22) | Large Cap Investments : 48.25%| Mid Cap Investments : 18.58% | Small Cap Investments : 16% | Other : 16.99%

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
State Bank Of India Banks 472.6 6.82% 0.16% 6.82% (Dec 2022) 2.08% (Jan 2022) 7.70 L 0.00
ICICI Bank Ltd. Banks 471.6 6.81% -0.43% 7.28% (Aug 2022) 5.83% (Mar 2022) 5.29 L 0.00
HDFC Bank Ltd. Banks 431.5 6.23% 0.59% 6.23% (Dec 2022) 4.56% (Jan 2022) 2.65 L 21.00 k
Canara Bank Banks 298.3 4.30% 0.26% 4.3% (Dec 2022) 0% (Jan 2022) 8.95 L 0.00
Reliance Industries Ltd. Refineries/marketing 231.8 3.35% -0.22% 5.13% (Jun 2022) 2.43% (Jan 2022) 91.01 k 0.00
National Thermal Power Corporation Ltd. Power 209.7 3.03% -0.09% 3.22% (Oct 2022) 0% (Jan 2022) 12.60 L 0.00
Axis Bank Ltd. Banks 190.5 2.75% 0.11% 2.75% (Dec 2022) 1.1% (Jan 2022) 2.04 L 0.00
Ultratech Cement Ltd. Cement 160.1 2.31% 0.38% 2.31% (Dec 2022) 0% (Jan 2022) 23.00 k 4.00 k
Balrampur Chini Mills Ltd. Sugar 157.1 2.27% 0.08% 2.27% (Dec 2022) 0% (Jan 2022) 3.96 L 0.00
ITC Limited Cigarettes 156.9 2.26% -0.05% 2.44% (Oct 2022) 0% (Jan 2022) 4.73 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
No of Debt Holding 1 (Category Avg - 0.08) | Modified Duration 0.60 Years (Category Avg - 1.35)| Yield to Maturity - -- (Category Avg - 6.47%)

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 0.43%
Net Receivables Net Receivables -0.33%

Risk Ratios

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

  • Standard Deviation

    Low volatility
    19.65vs20.44
    Category Avg
  • Beta

    Low volatility
    0.86vs0.89
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.67vs0.53
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.15vs0.12
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    3.67vs1.76
    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 681.38 -0.43 67.06 71.60 64.46 35.04
Sundaram Tax Saving Fund - Direct Plan - Growth (Adjusted NAV) NA 965.02 -0.61 11.05 17.34 15.13 22.73
HDFC Tax Saver Fund - Direct Plan - Growth 5 9992.81 -0.52 -0.58 6.27 9.80 16.96
Parag Parikh Tax Saver Fund - Direct Plan - Growth 5 941.56 2.67 -0.02 8.30 7.32 23.71
Quantum Tax Saving Fund - Direct Plan - Growth 3 115.49 0.77 1.32 4.64 5.96 15.35
SBI Long Term Equity Fund - Direct Plan - Growth 4 11923.53 -0.98 -1.08 5.24 5.50 17.51
Taurus Taxshield - Direct Plan - Growth 2 62.54 1.18 0.67 7.52 4.47 13.38
Tata India Tax Savings Fund - Direct Plan - Growth 3 3192.07 -0.87 -1.67 4.07 3.64 15.72
Kotak Tax Saver Fund - Direct Plan - Growth 4 3161.09 -1.36 -1.67 4.35 3.63 16.58
ITI Long Term Equity Fund - Direct Plan - Growth 2 157.03 -0.67 -1.83 4.67 2.64 11.66

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 4 692.94 -1.67 -3.38 3.60 0.76 20.18
Bank of India Small Cap Fund - Direct Plan - Growth 4 411.81 -0.60 -2.58 3.93 -0.56 32.87
Bank of India Mid & Small Cap Equity & Debt Fund - Direct Plan - Growth 4 392.05 -1.07 -0.08 4.68 -3.61 22.19
Bank of India Liquid Fund - Direct Plan - Growth 4 364.37 0.53 1.67 3.14 5.30 4.22
Bank of India Flexi Cap Fund - Direct Plan - Growth NA 345.35 -2.42 -2.89 3.02 -2.41 0.00
Bank of India Large & Mid Cap Equity Fund - Direct Plan - Growth 3 213.48 -0.79 -1.85 2.81 0.75 15.89
Bank of India Credit Risk Fund - Direct Plan - Growth 1 165.60 0.41 1.35 2.35 130.57 13.73
Bank of India Ultra Short Duration Fund - Direct Plan - Growth 4 144.81 0.54 1.74 3.01 4.90 4.39
Bank of India Bluechip Fund - Direct Plan - Growth NA 124.88 -0.93 -3.87 0.85 -1.92 0.00
Bank of India Balanced Advantage Fund - Direct Plan - Growth NA 90.90 -0.56 -1.28 2.61 14.08 9.44

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