Bank of India Tax Advantage Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
24.02%
3Y annualised
-2.58% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 26 Sep 2022₹109.45
Min. SIP amount₹500
Rating4
Fund size₹608.62Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-4.6%24.0%15.4%17.1%
Category average4.1%18.6%11.3%NA
Rank with in category3024NA
Understand terms

Holdings (50)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity7.3%
State Bank of IndiaFinancialEquity5.5%
HDFC Bank Ltd.FinancialEquity4.9%
Reliance Industries Ltd.EnergyEquity3.7%
NTPC Ltd.EnergyEquity3.2%
Mahindra & Mahindra Ltd.AutomobileEquity2.9%
Varun Beverages Ltd.Consumer StaplesEquity2.7%
Kotak Mahindra Bank Ltd.FinancialEquity2.6%
Schaeffler India Ltd.Capital GoodsEquity2.6%
Axis Bank Ltd.FinancialEquity2.4%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 8.73%
Higher alpha: 7.33 The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y
Lock-in period: 3Y
Exit load is zero
Lower expense ratio: 1.37%

Expense ratio, exit load and tax

Expense ratio: 1.37%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns 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 amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Alok 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
Also manages these schemes

Fund house & investment objective

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
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,

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