How to Invest in Bank of India Tax Advantage Direct IDCW?

You can easily invest in Bank of India Tax Advantage Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Bank of India Tax Advantage Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Bank of India Tax Advantage Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Bank of India Tax Advantage Direct IDCW provide?

The Bank of India Tax Advantage Direct IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is -0.17% since its inception.

How much expense ratio is charged by Bank of India Tax Advantage Direct IDCW?

The term Expense Ratio used for Bank of India Tax Advantage Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Bank of India Tax Advantage Direct IDCW is 1.16% as of 29 Mar 2023...

What is the AUM of Bank of India Tax Advantage Direct IDCW?

The AUM, short for Assets Under Management of Bank of India Tax Advantage Direct IDCW is ₹676.90Cr as of 29 Mar 2023.

How to Redeem Bank of India Tax Advantage Direct IDCW?

If you want to sell your Bank of India Tax Advantage Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Bank of India Tax Advantage Direct IDCW?

You can select either SIP or Lumpsum investment of Bank of India Tax Advantage Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Bank of India Tax Advantage Direct IDCW?

The NAV of Bank of India Tax Advantage Direct IDCW is ₹42.84 as of 28 Mar 2023.

What is the PE and PB ratio of Bank of India Tax Advantage Direct IDCW?

The PE ratio ratio of Bank of India Tax Advantage Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Bank of India Tax Advantage Direct IDCW - NAV, Mutual Fund Performance & Portfolio

Bank of India Tax Advantage Direct IDCW
Equity
ELSS
Very High Risk
Payout
3Y Lock In
29.47%
3Y annualised
-0.09% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 28 Mar 2023₹42.84
Min. SIP amount₹500
Rating4
Fund size₹676.90Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-0.2%29.5%12.9%16.0%
Category average-0.2%26.3%9.8%NA
Rank with in category23127NA
Understand terms
Holdings (55)NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity6.7%
HDFC Bank Ltd.FinancialEquity6.3%
State Bank of IndiaFinancialEquity6.0%
Canara BankFinancialEquity3.7%
NTPC Ltd.EnergyEquity3.2%
Reliance Industries Ltd.EnergyEquity3.1%
ITC Ltd.Consumer StaplesEquity2.6%
Axis Bank Ltd.FinancialEquity2.5%
Ultratech Cement Ltd.ConstructionEquity2.5%
Siemens Ltd.Capital GoodsEquity2.2%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Cons
Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lock-in period: 3Y
Higher alpha: 6.83
The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y 
Exit load is zero
Lower expense ratio: 1.16%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
28 Feb 2023 - Present
1.31%
31 Jan 2023 - 28 Feb 2023
1.16%
31 Dec 2022 - 31 Jan 2023
1.16%
31 Dec 2022 - 31 Dec 2022
1.16%
30 Nov 2022 - 31 Dec 2022
1.17%
30 Nov 2022 - 30 Nov 2022
1.17%
30 Nov 2022 - 30 Nov 2022
1.17%
31 Oct 2022 - 30 Nov 2022
1.29%
31 Oct 2022 - 31 Oct 2022
1.29%
31 Oct 2022 - 31 Oct 2022
1.29%
31 Oct 2022 - 31 Oct 2022
1.29%
30 Sep 2022 - 31 Oct 2022
1.29%
30 Sep 2022 - 30 Sep 2022
1.29%
30 Sep 2022 - 30 Sep 2022
1.29%
31 Aug 2022 - 30 Sep 2022
1.29%
31 Aug 2022 - 31 Aug 2022
1.29%
31 Jul 2022 - 31 Aug 2022
1.37%
31 Jul 2022 - 31 Jul 2022
1.37%
31 Jul 2022 - 31 Jul 2022
1.37%
30 Jun 2022 - 31 Jul 2022
1.34%
30 Jun 2022 - 30 Jun 2022
1.34%
31 May 2022 - 30 Jun 2022
1.34%
31 May 2022 - 31 May 2022
1.34%
30 Apr 2022 - 31 May 2022
1.34%
30 Apr 2022 - 30 Apr 2022
1.34%
31 Mar 2022 - 30 Apr 2022
1.28%
31 Mar 2022 - 31 Mar 2022
1.28%
28 Feb 2022 - 31 Mar 2022
1.35%
28 Feb 2022 - 28 Feb 2022
1.35%
31 Jan 2022 - 28 Feb 2022
1.52%
31 Dec 2021 - 31 Jan 2022
1.57%
30 Nov 2021 - 31 Dec 2021
1.57%
31 Oct 2021 - 30 Nov 2021
1.54%
30 Sep 2021 - 31 Oct 2021
1.65%
31 Aug 2021 - 30 Sep 2021
1.66%
31 Jul 2021 - 31 Aug 2021
1.67%
30 Jun 2021 - 31 Jul 2021
1.67%
31 May 2021 - 30 Jun 2021
1.67%
30 Apr 2021 - 31 May 2021
1.51%
31 Mar 2021 - 30 Apr 2021
1.22%
28 Feb 2021 - 31 Mar 2021
1.51%
31 Jan 2021 - 28 Feb 2021
1.51%
31 Dec 2020 - 31 Jan 2021
1.51%
30 Nov 2020 - 31 Dec 2020
1.51%
31 Oct 2020 - 30 Nov 2020
1.51%
30 Sep 2020 - 31 Oct 2020
1.33%
31 Aug 2020 - 30 Sep 2020
1.51%
31 Jul 2020 - 31 Aug 2020
1.51%
30 Jun 2020 - 31 Jul 2020
1.51%
31 May 2020 - 30 Jun 2020
1.51%
30 Apr 2020 - 31 May 2020
1.51%
31 Mar 2020 - 30 Apr 2020
1.51%
29 Feb 2020 - 31 Mar 2020
1.51%
31 Jan 2020 - 29 Feb 2020
1.51%
31 Dec 2019 - 31 Jan 2020
1.51%
30 Nov 2019 - 31 Dec 2019
1.51%
31 Oct 2019 - 30 Nov 2019
1.51%
30 Sep 2019 - 31 Oct 2019
1.51%
31 Aug 2019 - 30 Sep 2019
1.51%
31 Jul 2019 - 31 Aug 2019
1.51%
30 Jun 2019 - 31 Jul 2019
1.51%
31 May 2019 - 30 Jun 2019
1.51%
30 Apr 2019 - 31 May 2019
1.51%
31 Mar 2019 - 30 Apr 2019
1.65%
28 Feb 2019 - 31 Mar 2019
1.66%
31 Jan 2019 - 28 Feb 2019
1.66%
31 Dec 2018 - 31 Jan 2019
1.65%
30 Nov 2018 - 31 Dec 2018
1.66%
31 Oct 2018 - 30 Nov 2018
1.67%
30 Sep 2018 - 31 Oct 2018
1.94%
31 Aug 2018 - 30 Sep 2018
1.92%
31 Jul 2018 - 31 Aug 2018
1.92%
30 Jun 2018 - 31 Jul 2018
1.65%
31 May 2018 - 30 Jun 2018
1.65%
30 Apr 2018 - 31 May 2018
1.65%
31 Mar 2018 - 30 Apr 2018
1.65%
28 Feb 2018 - 31 Mar 2018
1.67%
31 Jan 2018 - 28 Feb 2018
1.82%
31 Dec 2017 - 31 Jan 2018
1.79%
30 Nov 2017 - 31 Dec 2017
1.78%
31 Oct 2017 - 30 Nov 2017
1.79%
Expense ratio, exit load and taxExpense ratio: 1.16%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementAlok Singh
Apr 2022 - Present
View details
Education
Mr. Singh is a CFA and PGDBA from ICFAI Business School.
Experience
Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank
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Fund house & investment objective
BOI AXA Mutual Fund
Rank (total assets)#31 in India
Total AUM₹2,797.53Cr
Date of Incorporation31 Mar 2008
 Bank of India Tax Advantage Direct IDCW is a Equity Mutual Fund Scheme launched by Bank of India Mutual fund. This scheme was made available to investors on 31 Mar 2008. Saurabh Kataria is the Current Fund Manager of Bank of India Tax Advantage Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹2,798 Cr and the Latest NAV as of 28 Mar 2023 is ₹42.84.
The Bank of India Tax Advantage Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe scheme seeks to build a diversified portfolio of stocks of companies having sustainable business models, without any bias of market capitalisation and sector. The scheme will follow top-down approach of equity selection.
;
Fund benchmarkS&P BSE 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
B/204-Tower 1,Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Phone
NA
Launch Date
31 Mar 2008
E-mail
[email protected]
Website
NA
BOI AXA Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Bank of India Tax Advantage Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	-0.2%	29.5%	12.9%	16.0%
Category average	-0.2%	26.3%	9.8%	NA
Rank with in category	23	12	7	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	6.7%
HDFC Bank Ltd.	Financial	Equity	6.3%
State Bank of India	Financial	Equity	6.0%
Canara Bank	Financial	Equity	3.7%
NTPC Ltd.	Energy	Equity	3.2%
Reliance Industries Ltd.	Energy	Equity	3.1%
ITC Ltd.	Consumer Staples	Equity	2.6%
Axis Bank Ltd.	Financial	Equity	2.5%
Ultratech Cement Ltd.	Construction	Equity	2.5%
Siemens Ltd.	Capital Goods	Equity	2.2%

Rank (total assets)	#31 in India
Total AUM	₹2,797.53Cr

Date of Incorporation	31 Mar 2008

Fund benchmark	S&P BSE 500 Total Return Index

Vaishnavi Tech Park, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	4
Fund size	₹676.90Cr

Bank of India Tax Advantage Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (55)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.16%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Alok SinghApr 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Alok Singh
Apr 2022 - Present
View details